10/22/2021 Watchlist Chart

10/22/2021 Watchlist Chart

 

Watchlist for 10/22/2021

 

$SQ – The stock traded up 3.81% during market hours but was down 1.54% after hours. On the daily timeframe, so
finally broke out of the falling wedge and close near high of the day after back testing the breakout. SQ managed to
close a strong bullish engulfing candle with above average volume. Keep an eye on the 267 level or back test 262
level, as it can test 270 to 275 level resistance. We will consider puts if SQ fails to hold above the 262 level, as it can
pullback down to 258 to 254 (200DMA) level support. SQ is setting up to test the key break out level of 284
towards end of this year.

Contract Suggestion:

Above 267 level or back test 262 level: 265C 10/22 (15.SK Volume @2.38) or 267.5C 10/22
(3.7K Volume @1.31)
Below 262 level: 260P 10/22 (4.2K Volume 20.64)

 

$NVDA – The stock traded up 2.66% during market hours but was down 0.23% after hours. Semiconductor sector as
hot during Wednesday trading sessions and NVDA is looking to get another leg up with AMD earnings report next
week. NVDA was showing relative strength as it held near highs while the overall market dipped. On the daily
timeframe, NVDA broke out of the flag and close near high of the day, forming a bullish engulfing candle. Keep an
eye on the 227 level (HOD on Wednesday) or back test of 225 level, as it can test 230 to 233 level resistance. We will
consider puts it NVDA fails to hold above the 225 level, as it can pullback down to 223 to 220 level support.

Contract Suggestion:
Above 227 level or back test 225 level: 227.5C 10/22 (26.8K Volume @1.11) or 230C 10/29
(22.6K Volume @2.52)
Below 225 level: 222.5P 10/22 (8.8K Volume @0.30)

 

$GM – The stock traded up 1.28% during market hours but was down 0.58% after hours. On the daily timeframe, GM
managed to break out of the daily bull flag and closed a bullish candle. GM does report earnings on Wednesday
(10/27) so we can possibly start to see a run up soon. Keep an eye on the 59 level or back test 57 level as it can test
60 to 63 level resistance. We will consider puts if GM fails to hold above the 57 level, as it can pullback down to 56 to
55 (200DMA) level support. There was a huge bullish sweep of 1.285M on those 59 call options exp 11/19 during
Wednesday trading sessions.

Contact Suggestion:
Above 59 level: 60C 10/29 (4.7K Volume @1.16) or 60C 11/19 (4.2K Volume @1.75)
Below 55 level: 54P 10/29 (651 Volume @0.29)

 

$RBLX – The stock traded up 5.87% during market hours but was down 1.17% after hours. On the daily timeframe,
RBLX is close to breaking out of the flag with above average volume. It managed to close a strong bullish engulfing
candle and currently holding above the 50 and 100DMARBLX was stopped right at the top trendline of the flag, so
a great entry would be at the breakout or back test of break out. Keep n eye on the 84 level (HOD on Wednesday
or back test of 83 level, as it can test 86 to 90 level resistance. We will consider puts if RBLX fails to hold above the 83
level, as it can pullback down to 80 (2000MA) to 78 level support.

Contract Suggestion:
Above 84 level or back test 83 level: 85C 10/29 (4.7K Volume @1.55)
Below 83 level: 82P 10/22 (1.8K Volume @0.55)

 

 

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