10/29/2021 Watchlist Chart

10/29/2021 Watchlist Chart

 

Watchlist for 10/29/2021

 

$FB – The stock traded up 1.51% during market hours and was up 0.21% after hours. Strong bounce towards the morning after testing and holding above the 308 level daily support. FB ran towards their metaverse event and managed to hit high of the day before losing majority of its gains after testing the 326 tough resistance. On the daily timeframe, we are starting to see some bottoming for FB after multiple negative news that came out the past few weeks. So far, FB is still trading below the 50 and 200DMA which makes its bearish and still in a downtrend for now. Keep an eye on the 320 level or back test 316 level for entry, as it can test 326 to 333 level resistance. We will consider puts if FB fails to hold above the 316 level, as it can pullback down to 314 to 308 level support. Below 308 level can drop it down to 3050 o 300 level support. FB is looking to try to find a bottom for now.

Contract Suggestion:
Above 320 level or back test 316 level: 322.5C 10/29 (41.6K Volume @1.37) or 320C 10/29 (80.4K Volume @1.86)
Below 316 level: 312P 10/29 (18K Volume @1.12)

 

$NVDA – The stock traded up 2% during market hours and was up 0.83% after hours. On the daily timeframe, NVDA has been trading within a double inside day pattern. Like how you would play any inside day pattern, the break above the high or low usually will have a continuation pattern to that break. So far, NVDA has been staying very strong and
managed to close near high of the day showing relative strength to the overall market. Keep an eye on the 250 level, if
NVDA can break above with volume, it can test 253 to 260 level resistance. We will consider puts if NVDA fails to hold above the 248 level, as it can pullback down to 241 to 239 level support. Below that can start to fill the gap down.

Contract Suggestion:
Above 250 level: 255C 11/05 (3.9K Volume @3.10)
Below 248 level: 247.5P 10/29 (4.7K Volume @1.30)

 

$SE – The stock traded up 3.69% during market hours but was down 0.75% after hours. On the daily timeframe, SE has
been trading within a double inside day pattern and a small break out from the downtrend. SE was showing relative
strength compared to the overall market and managed to close near high of the day. Closed a strong bullish pinbar on
the daily. On the 4hr timeframe, you can see a clearer break out and closed strong as well. Keep an eye on the 355 level, if SE can break above with volume, it can test 358 to 363 level resistance. We will consider puts if SE fails to hold above the 350 level, as it can pullback down to 344 to 337 level support. SE options all have wide spreads, limit order if you play.

Contract Suggestion:
Above 355 level: 365C 11/05 (140 Volume @4.10)
Below 350 level: 347.5P 10/29 (106 Volume @1.71)

 

$TSLA – The stock traded up 3.78% during market hours and was up 0.34% after hours. TSLA for the past two trading
sessions were showing bearish signs with long top wicks on the daily, but after each day TSLA continues to have
upgrades or positive news come in to push the stock higher from the previous close. TSLA is known to kill bears. On the daily timeframe, TSLA managed to close a bullish candle with decent volume and the daily MACD still shows a strong move towards the upside. Keep an eye on the 1077 level, if TSLA can hold above this level, it can squeeze up to 1091 to 1100 level resistance. We will consider puts if TSLA fails to hold above the 1077 level, as it can pullback down to 1051 to 1045 level support. Honestly, TSLA is digesting that crazy move this week, We expect some consolidating before another move.

Contract Suggestion:
Above 1077 level: 1100C 10/29 (154.9K Volume @7.75) or 1200C 11/05 (11.4K Volume @9.40)
Below 1077 level: 1050P 10/29 (37.9K Volume @5.65)

 

 

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