12/29/2021 Watchlist Chart
Watchlist for 12/29/2021
$NFLX – The stock fell 0.39% during market hours but was up 0.33% after hours. On the daily timeframe, NFLX is back testing the falling wedge breakout but failed to break out above that 615 level. We continue to see several rejections at that 615 level for the past 4 trading sessions. If NFLX can find some volume and string together some bullish daily candles above that 615 break out level, it can set up for a major move higher. Keep an eye on the 615 or back test 610 level, if NFLX can break above with volume, it can test 618 to 624 level resistance. Above 624 level, it can test 627 to 633 level resistance. We will consider puts if NFLX fails to hold above the 610 level, as it can pull back down to 608 (9DMA) to 600 level support.
Contract Suggestion:
Above 615 or B/T 610 level:620C 12/31 (8.9K Volume @2.69)
Below 610 level: 600P 12/31 (2.6K Volume @ 2.22)
$RBLX – The stock fell 5.97% during market hours but was up 0.12% after hours. RBLX popped pre-market after making news with their partnership with Paris Hilton but quickly lost a ll its gains towards the end of the day. On the daily frame, it closed a strong bearish candle and under the daily trendline . RBLX still does have a large gap to fill from 93 down to 77 from the earnings gap up but that 93 level has been a strong support after multiple bounces on the daily timeframe. Keep an eye on the 99 or back test 93 as it can test 104 to 108 level resistance. Above 108 level can test 110 to 114 level resistance. We will consider puts if RBLX fails to hold above the 93 level, as it can start to gap fill down to 90 to 86 level support.
Contract Suggestion:
Above 99 or B/T 93 level: OOC 12/31 (6.SK Volume @ 2.10)
Below 93 level: 90P 12/31 (689 Volume @0.33)
$ROKU – The stock traded up 1.49% during market hours and was up 0.29% after hours. On the daily timeframe, ROKU failed to break out at the 239 level after multiple rejection with volume. ROKU was showing relative strength at open but quickly was sold off once the market pulled back early morning. ROKU currently is trading within a wedge with very tight price action that can go either way. Beware of play ROKU as its prone to fake outs as the best way to play ROKU if you miss the initial move is to play the second day if it has another continuation day. Keep an eye on the 239 (break out level) or back test 230 level, as it can test 243 to 250 level resistance. We will consider puts of ROKU fails to hold above 230 level, as it can pull back down to 224 (strong support) to 219 level support.
Contract Suggestion:
Above 239 or B/T 230 level: 240C 12/31 (24. K Volume @2.50) or 250C 12/31 (22.4K Volume @l.11)
Below 230 level: 225P 12/31 (2. K Volume @ 2.60)
$LCID – The stock fell 4.30% during market hours and was down 0.19% after hours. On the daily timeframe, LCID is trying to base above the 36 level support but struggling to find another volume to push it back to the 41level. Its currently trading within a bear flag and if market pulls back more, LCID would be a great put candidate if it fails to hold above 36 level. Keep an eye on the 36 level, if LCID fails to hold above this level, it can drop down to 33 to 31 (lOOMDA) level support. Calls look better above 41 (SOD MA) for better confirmation of uptrend as it can test 44 to 46 level resistance.
Contract Suggestion:
Above 41 level: 42C 12/31 (10.SK Volume @0.12) or 46C 1/ 21/ 22 (2.9K Volume @1.01)
Below 36 level:36P 12/31 (9.4K Volume @0.67)
$AMZN – The stock traded up 0.58% during market hours and was up 0.32% after hours. On the daily timeframe, AMZN continues to struggle to break above the 3434 level as evidenced by multiple reject ions but continues to hold above the weekly trendline despite choppy price action. AMZN is being supported by the 200DMA (3380.99) and is setting up for an explosive move in either direction as its wedge in between the 50 and 200DMA. Keep an eye on the 3434 or back test 3400 level, as it can test 3448 to 3458 (SODMA) . Above that can test 3486 to 3500 level resistance. We will consider puts if AMZ N fails to hold above the 3400 level, as it can pullback down to 3388 to 3380 (200DMA) level support. Below that can drop down to 3367 to 3300 level support.
Contract Suggestion:
Above 3434 or B/T 3400 level:3500C 12/31 (33.4K Volume @8.60) or 3520C 12/31 (2.2K Volume @6.55)
Below 3400 level: 3350P 12/31 (3.8K Volume @10.25)