12/17/2021 Watchlist Chart

12/17/2021 Watchlist Chart

 

Watchlist for 12/17/2021

$SE – The stock fell 5.29% during market hours and was down 0.19% after hours. On the daily timeframe, SE is currently in falling knife status after being almost down 50% from its all time high level. Both the monthly and weekly timeframe are extremely bearish but with soo many multiple red candles, SE is at least due to a relief bounce. On the weekly timeframe, SE is quickly approaching a key weekly support at the 100DMA (194.70) that can act as a bounce point other than the 200 support level. Keep an eye on the 214 level or back test 207 level, if SE can hold above those, it can test 221 to 230 level resistance. Above 230 level, it can test 234 to 240 level resistance. We will consider puts if SE fails to hold above the 214 level, it can pullback down to 207 to 200 level support. Below 200 level, it can test 194 to 187 level support.
Contract Suggestion:
Above 214 or B/T 207: 220C 12/17 (1.5K Volume @1.69) or 230C 12/23 (412 Volume @2.53)
Below 214: 210P 12/17 (2.1K Volume @2.55) – Wide Spread

 

$SNOW – The stock fell 9.81% during market hours and was down 0.15% after hours. On the daily timeframe, SNOW managed to find a support at the 100DMA (324.59) after bouncing back up around the 312 level. Overall, it’s a fairly ugly bearish candle on the daily with the daily moving averages curling down. We also see the daily MACD moving lower, strong bearish volume, and RSI tanking below 50. On the weekly, we also see a double inside week with a big resistance at 375 (break out level). SNOW can see more downside if market pulls back more and would be a great put candidate. Keep an eye on the 329 level or back test 319 level, as it can test 343 (50DMA) to 352 level resistance. Above 352 level, it can test 362 to 375 level resistance. We will consider puts if SNOW fails to hold above the 319 level, as it can pull back down to 312 to 307 level support.
Contract Suggestion:
Above 329 or B/T 319: 340C 12/17 (3.7K Volume @1.70) or 350C 12/23 (532 Volume @4.10)
Below 319: 315P 12/17 (1.4K Volume @3.10) or 300P 12/17 (5.9K Volume @1.10) – LOTTO

 

$TSLA – The stock fell 5.03% during market hours and was down 0.79% after hours. On the daily timeframe, TSLA has closed into the gap zone from the previous gap up back in October 2021 and closed a strong bearish engulfing candle. TSLA continues to struggle getting above the 1000 level resistance and quickly sold off majority of the day with the market. Keep an eye on the 930 level, if TSLA can break above with volume, it can test 945 to 964 level resistance. Above 964 level, it can test 978 to 1000 level resistance. We will consider puts if TSLA fails to hold above the 915 level, as it can start to gap fill down to 910 level support. Below 910 level, it can drop down to 900 to 886 level resistance. Below 886 level, it can test 875 (100DMA) to 859 level support.
Contract Suggestion:
Above 930: 950C 12/17 (51K Volume @5.75)
Below 915: 900P 12/17 (67.5K Volume @ 5.95) or 880P 12/17 (15.7K Volume @2.81)

 

$MSFT – The stock fell 2.91% during market hours but was up 0.12% after hours. On the daily timeframe, MSFT closed a strong bearish engulfing candle but still managed to hold above the 50DMA (324.78) which has been a dynamic support for the past two sessions. The daily moving averages are curling down and RSI dipping below 50 is a showing current bearish sentiment. Overall MSFT still trading within a larger wedge but can break down that wedge if MSFT closes below that 50DMA on the daily. Keep an eye on 325 or back test 324 level, as it can test 330 to 333 level resistance. Above 333 level, it can test 337 to 342 level resistance. We will consider puts if MSFT fails to hold above the 324 level, as it can pullback down to 320 to 318.
Contract Suggestion:
Above 325 or B/T 324: 327.5C 12/17 (8.2K Volume @1.47) or 330C 12/23 (5.3K Volume @3.20)
Below 333: 322.5P 12/17 (4.4K Volume @1.75)

 

***NEWS TO LOOK OUT FOR***

  • Quad witching and OPEX on Friday (12/17)

 

 

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