11/18/2021 Watchlist Chart

11/18/2021 Watchlist Chart

 

Watchlist for 11/18/2021

 

$ABNB – The stock fell 3.83% during market hours but was up 0.37% after hours. On the daily timeframe, we continue to see multiple rejections at the 208 level and all-time high level of 211 with multiple long top wicks that shows sellers stepping in with force. ABNB gapped up from their earnings report and rallied higher with the infrastructure bill signing. On the daily timeframe, ABNB is still trading with a bullish channel but closed a strong bearish candle from highs. Keep an eye on the 200 level or back test 197 level (9DMA), as it can test 208 to 210 level resistance. Above 210 level, it can test 211 to 215 level resistance. We will consider puts if ABNB fails to hold above the 197 level, as it can break that channel and test 192 to 190 level support.

Contract Suggestion:
Above 200 or B/T 197 level: 202.5C 11/19 (1.3K Volume @ 1.45)
Below 197 level: 195P 11/19 (1.9K Volume @0.97)

 

$TSLA – The stock traded up 3.25% during market hours but was down 0.12% after hours. At open, TSLA was showing relative strength as it gapped up and broke the 1100 level. Unfortunately, it faded later one in the day and continues to have a huge sell volume at the 1100 level. There were multiple fake outs with volume at that 1100 but sellers quickly slammed it back down and ended up losing most of its gains from the second half of the day. On the 4hr timeframe, its currently trading within a wedge, so continue to watch that volume on that 1100 as it would be the key for a move higher. Keep an eye on the 1100 level, if TSLA can break above with volume, it can test 107 to 1111 resistance. Above 1111 level, it can test 1128 to 1142 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.

Contract Suggestion:
Above 1100 level: 1150C 11/19 (77K Volume @3.50)
Below 1077 level: 1050P 11/19 (32.7K Volume @5.85)

 

$AAPL – The stock traded up 1.65% during market hours and was up 0.09% after hours. On the daily timeframe, AAPL was in a weeklong consolidating between 153 to 147 level as it was coiling for an explosive move. AAPL managed to break out of that consolidation with volume during Wednesday trading sessions and managed to close a strong bullish candle. The daily MACD flipped green with a possible continuation into Thursday. Keep an eye on the 155 level or back test of 153 level, as it can test all time high of 157 to 158 level resistance. Above 158 level, it can test that big psychological resistance of 160 level. I will consider puts if AAPL fails to hold above the 153 level, as it can pullback down to 150 to 147 level support.

Contract Suggestion:
Above 155 or B/T 153 level: 157.5C 11/26 (45.6K Volume @0.59) or 155C 11/26 (166.4K Volume @1.25)
Below 153 level: 152.5P 11/26 (20.6K Volume @1.39)

 

$MRNA – The stock traded up 3.39% during market hours and was up 0.31% during market hours. On the daily timeframe, MRNA has been forming a rounded bottom and has started to show some signs of a rebound with increasing daily volume recently. There are multiple gaps to be filled to the upside but must clear that 200 DMA (255.31) first to confirm a better uptrend. Keep an eye on the 246 level, if MRNA can break above with volume, it can test 248 (9DMA) to 255 level resistance (200MDA). Above 255 level, it can test 261 to 266 level resistance. We will consider puts if MRNA fails to hold above the 240 level, as it can pullback down to 238 to 228 level support.

Contract Suggestion:
Above 246 level: 250C 11/19 (16.4K Volume @2.03)
Below 240 level: 235P 11/19 (1.2K Volume @2.07)

 

 

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

 

  • Unemployment claims data on Thursday (11/18) at 5:30am PST/8:30 am EST
  • OPEX on Friday (11/19) – expect volatility this week

 

 

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