11/16/2021 Watchlist Chart
Watchlist for 11/16/2021
$ABNB – The stock traded up 0.32% during market hours but was down 0.34% after hours. On the 1hr timeframe, ABNB has been trading within a ascending triangle with a break out above 209 level. ABNB has been showing relative strength compared to the overall market and we see a big pop if market pushes higher. Keep an eye on the 209 level but you can front run at 208 level, as it can test 211 (ATH) to 215 level resistance. We will consider puts if ABNB fails to hold above the 206 level (9MA) as it can pullback down to 204 to 200 level support.
Contract Suggestion:
Above 209 or front run at 208 break: 210C 11/19 (12.1K Volume @3.15)
Below 206 level: 200P 11/19 (1.4K Volume @1.54)
$TSLA – The stock fell 1.94% during market hours and was down 1.03% after hours. Despite TSLA closing red, it managed to close a long legged doji on the daily showing indecision after two prior sessions of selling off. Its still not convincing of a reversal just yet on the daily, but we can tell that buyer stepped in at the 978 level to push the stock higher above the 1000 level (previous break out level). We would treat TSLA as a day trade or scalp until we can see stronger price action and some more bullish candle for a swing. Keep an eye on the 1021 level or back test of 1000 level, as it can be a great entry to test 1045 to 1051 level a resistance. Above 1051 level, it can set its self-up to test 1060 (20DMA) to 1073 (9DMA) level resistance. We will consider puts if TSLA fails to hold above the 1000 level, as it can pullback down to 978 to 965 level support.
Contract Suggestion:
Above 1021 or B/T 1000 Level: 1100C 11/19 (62.3K Volume @5.70)
Below 1000 level: 950P 11/19 (44.6K Volume @7.90)
$BA – The stock traded up 5.49% during market hours and was up 0.22% after hours. On the daily timeframe, BA had a strong gap up and closed a strong bullish candle above both the 200 and 50DMA which is a bullish sign. BA popped after hours after Biden officially signed the 2.1T infrastructure bill. BA is prone to fake outs so play with caution. Keep an eye on the 234 level, if BA can break above with volume, it can test 241 to 250 level resistance. We will consider puts if BA fails to hold above the 232 level, as it can pullback down to 229 (200DMA) to 227 level support.
Contract Suggestion
Above 234 level: 240C 11/19 (42.6K Volume @1.49)
Below 232 level: 230P 11/19 (6.8K Volume @2.38)
$LCID – The stock traded up 2.16% during market hours and was up 0.94% after hours. LCID had mixed reviews during their earnings report and so far, its up after hours. On the daily timeframe, LCID has been trading in a bullish flag channel but had a series of daily dojis leading up to earnings report. Depending on how the market reacts at open on Tuesday, we can either see a break of the channel or a re-test of all time higher. Keep an eye on the 48 level, if LCID can break above with volume, it can test 50 to 53 level resistance. We will consider puts if LCID fails to hold above the 44 level, as it can pullback down to 41 (9DMA) to 38 level support.
Contract Suggestion:
Above 48 level: 50C 11/19 (34K Volume @1.69)
Below 44 level: 40P 11/19 (22.2K Volume @1.46)
$RBLX – The stock traded up 0.45% during market hours and was up 0.43% after hours. On the daily timeframe, we have a low volume pullback on RBLX after rejecting all time high levels again. This type of set ups is great for re-entry on continuation move higher. Keep an eye on the 110 level, if RBLX can break above with volume, it can test 114 to 117 level resistance. We will consider puts if RBLX fails to hold above the 106 level, as it can pullback down to 104 to 101 level support.
Contract Suggestion:
Above 110 level: 115C 11/19 (9.3K Volume @2.35)
Below 106 level: 100P 11/19 (6.1K Volume @0.93)