12/20/2021 Watchlist Chart

12/20/2021 Watchlist Chart

 

Watchlist for 12/20/2021

 

$NVAX – The stock traded up 11.49% during market hours and was up 0.31% after hours. The vaccine stocks were showing relative strength during Friday’s trading sessions and NVAX. NVAX rose more than its competitors after it announced their partnership with Takeda Pharmaceuticals (TAK) for their approval of their COVID-19 vaccine in Japan. Also this coming week, NVAX does have a potential catalyst for a move higher as WHO will be deliberating the approval for NVAX COVID-19 vaccine approval for emergency use. On the daily timeframe, NVAX tested but was rejected at the top
trendline of the overall wedge and it has the potential to break if it sees a continuation volume into the next day. Keep in mind that vaccine stocks are very sensitive to news, so its harder to see continuation days on these. Keep an eye on 222, if NVAX can break above with volume, it can test 230 to 241. Above 241, it can test 250 to 263. We will consider puts if NVAX fails to hold above 210, as it can pullback down to 200 to 194 (200DMA). Below 194, it can pullback down to 183 to 172.

Contract Suggestion:
Above 222: 250C 12/23 or 300C 12/23
Below 210: 170P 12/23

 

 

$RBLX – The stock traded 7.55% during market hours but was down 0.40% after hours. On the daily timeframe, RBLX formed like a tweezer bottom pattern which usually signals a trend reversal. We were able to see buyers waiting at 93 as it managed to bounce three times at that level to avoid forming a new low. Keep an eye on 104 or back test 99, as it can fill the gap up to 105 from the gap down of last week. Above 105, it can test 110 to 114 resistances. We will consider puts if RBLX fails to hold above 99, as it can pullback down to 93 to 90 (100DMA).

Contract Suggestion:
Above 104 or B/T 99: 105C 12/23
Below 99: 95P 12/23

 

 

$NVDA – The stock fell 2.06% during market hours but was up 0.63% after hours. On the daily timeframe, NVDA closed an inverted hammer and managed to close below the 50DMA (278.39). Usually for an inverted hammer found after the downtrend is taken as a sign of a trend-reversal, so the selling might be near. Keep an eye on the 278 (50DMA), or back test 277, as it can test 285 to 288. Above 288, it can test 295 to 300. We will consider puts if NVDA fails to hold above the 277, as it can pullback down to 272 to 263.

Contract Suggestion:
Above 278 or B/T 277: 290C 12/23 or 300C 12/23
Below 277: 260P 12/23

 

 

$AMZN – The stock traded up 0.68% during market hours but was down 0.03% after hours. AMZN was one of the few stocks that managed to close green after the morning dip during last Friday’s trading sessions, which indicated relative strength compared to the overall market. The 100DM (3403.72) continues to act as a dynamic resistance for now, but we see buyers were waiting near that 3300 to buy up the stock again. Keep an eye on the 3418 or back test 3400, it can test 3434 to 3448. Above 3448, it can test 3483 (20DMA) to 3500. We will consider puts if AMZN fails to hold above 3400, as it can drop down to 3388 to 3367 support. Below 3367, it can test 3300 to 3275 support.

Contract Suggestion:
Above 3418 or B/T 3400: 3500C 12/23 or 3550C 12/23
Below 3400: 3300P 12/23 or 3250P 12/23

 

 

$DOCU – The stock traded up 3.57% during market hours but was down 0.30% after hours. On the daily timeframe, DOCU has been trading within ascending triangle with a big break 156 (9DMA) for a move higher. There’s a huge gap to be filled from 163 to 227. Keep an eye on156, if DOCU can break above with volume, it can test 161 to 163. Above 163, it can test 172 to 180. We will consider puts if DOCU fails to hold above 155, as it can pull back down to 152 to 147.

Contract Suggestion:
Above 156: 160C 12/23
Below 155: 150P 12/23

 

 

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