11/04/2021 Watchlist Chart

11/04/2021 Watchlist Chart

 

Watchlist for 11/04/2021

$AFRM – The stock traded up 3.33% during market hours and was up 0.82% after hours. AFRM has been trading in an ascending triangle on the daily timeframe with a big break out at the 166 level (ATH) which was rejected twice so far. Keep an eye on the 162 level (HOD on Wednesday), for a scalp entry as it can test 166 to 173 level resistance. We will consider puts if AFRM fails to hold above the 158 level, as it can pullback down to 156 (9MA) to 154 level support.

Contract Suggestion:
Above 162 level: 165C 11/05 (9.8K Volume @1.95)
Below 158 level: 155P 11/05 (1.3K Volume @1.40)

 

 

$SQ – The stock traded up 1.39% during market hours and was up 1.09% during market hours. SQ reports earnings on Thursday (11/04) after market closes. On the daily timeframe, SQ currently back tested that daily flag but currently trading below the 50DMA (253.03) which is acting as a dynamic resistance. This could be a great run up play into ER if SQ can show some volume at open. Keep an eye on the 253 level, if SQ can break above this level, it can test 258 to 262 level resistance. We will consider puts if SQ fails to hold above the 251 level, as it can pullback down to 246 to 244 level support.

Contract Suggestion:
Above 253 level: 260C 11/05 (3.1K Volume @4.75) or 270C 11/05 (2.3K Volume @2.35)
Below 252 level: 240P 11/05 (1.7K Volume @2.97)

 

 

$ABNB – The stock traded flat during market hours but was up 2.08% after hours. ABNB rose after hours from BKNG earnings with their own earnings report after market on Thursday (11/04). On the daily timeframe, ABNB has been trading in a larger rising wedge but has been forming a tight wedge within that pattern. We may see a possible run up into earnings but keep in mind to treat it as a lotto if decide to swing into earnings. Keep an eye on the 175 level, if ABNB can break above this level or hold this level, it can test 177 to 179 level resistance. Above 179 level, it can test 184 to 190 level resistance. We will consider puts if ABNB fails to hold above the 170 level, as it can pullback down to 168 to 165 level support.

Contract Suggestion:
Above 175 level: 180C 11/05 (1.8K Volume @2.94)
Below 170 level: 165P 11/05 (302 Volume @2.73) or 157.5P 11/05 (2.9K Volume @1.10)

 

 

$TSLA – The stock traded up 3.57% during market hours and was up 0.30% after hours. TSLA was showing relative strength towards the latter half of the day as it tested and validated that 1150 level as a solid support. During Wednesday trading sessions, TSLA was struggling at the 1200 level resistance and was rejected twice. TSLA managed to break above the 1200 level with volume and formed a strong bullish candle on the daily timeframe. Treat these as quick day trade or scalps as it is making new ATH. Keep an eye on the 1219 level or back test 1200 level, as it can test 1241 to 1257 level resistance. Above 1257 level, it can test 1280 to 1295 level resistance. We will consider puts if TSLA fails to hold above the 1200 level, as it can pullback down to 1193 to 1175 level support.

Contract Suggestion:
Above 1219 level or back test 1200 level: 1250C 11/05 (80.5K Volume @12.80) or 1300C 11/05 (64.4K Volume @4.85)
Below 1200 level: 1150P 11/05 (24.3K Volume @6.50)

 

 

***NEWS TO LOOK OUT FOR THIS WEEK***

 

  • Unemployment claims data on Thursday (11/04) at 5:30am PST/8:30am EST
  • Non-farm payroll of October 2021 on Friday (11/05) at 5:30am PST/8:30am EST

 

 

 

 

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