5/11/2021 Watchlist Charts

5/11/2021 Watchlist Charts

 

5/11 Tuesday Watchlist

 

$STX – Been on a ripper as of lately! Today STX had a red day, but is holding up relatively well. Must hold 89.6+ for support for a retest of resistance around 92.5. It can fall to 87 if it can’t hold 89.

 

 

$SLV – Silver is always a good hedge to consider if the market isn’t happy. Looks like some traders are thinking the same. 32c 7/16 had 34K+ in volume today. SLV must maintain 25+ for further continuation to 26-27+.

 

 

 

$COIN – Finally broke out of a downtrend, after being listed on the market. Above 298, COIN can be set up to see 305, 325, 345. Must hold 285+ as support.

 

 

 

$QSR – Looking like a bull flag has formed on the daily. Recent beat of earnings too and has been cooling off after a nice bull run. If QSR can maintain 69 as a support, we can potentially see it break out of the bull flag and see a move towards 70/71+. Noticed some unusual volume for 70c 5/21, with 5295 in volume today.

 

 

 

$WU – Nice bounce off of the 55 day EMA. Overall, bullish trend and it looks like WU is recovering from a dip. You want to buy the dips on a bullish trend, not on a bearish trend. Options traders had the same sentiment for WU today. 26c 8/20 had 13.5K+ in volume today. Relatively cheap too. Wu needs to break 26+ and maintain it for further continuation into 27 and beyond.

 

 

Notable earnings before market open: $PLTR, $JMIA, $NNOX

Notable earnings after market close: $FUBO, $U, $LMND, $UPST, $SNDL, $EA, $BIGC, $QS

 

 

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