5/03/2021 Watchlist Charts
$ROKU – Head and shoulders formed on the daily chart. Watching for a bounce from support levels around 341. Needs to continue to hold 341 for a bounce opportunity towards resistance around 371. If it can go further beyond 371, it can continue towards 390. Reporting earnings on 5/6.
$SQ – Reporting earnings May 7. Recently fell through previous support around 246.44 and the next level of support is around 236. SQ must stay above 236 and 246 for any hope of continuation. Watching for a bounce play here.
$CRLBF (OTC) – Cannabis play. CRLBF has licenses in 12 states for 32 stores and plans to open 12 more. Recently broke out of a downtrend. Watching for continuation if it holds above 13.5.
$CHGG – Reporting earnings on Monday afterhours. Perhaps we can see some more bullish momentum right before earnings. If not, we can possibly expect it after they report a positive earnings & forward guidance.
$PYPL – Earnings on 5/5 afterhours. Currently trending to test support around 260. If it can hold support and turn around for a final bull run before earnings, it should test towards 274/275 for resistance. If it breaks above that and maintains, we can see 282+.