5/17/2021 Watchlist Charts

5/17/2021 Watchlist Charts

 

5/17 Monday Watchlist

 

$HLT – Nice breakout from a falling wedge on Friday’s trading session. Seems like hospitality sector is recovering very nicely. Above 124, we can see 125, 127, 130. Below 124, we can see 122, 121, 120.

 

 

$BIIB – looking primed to breakout soon. Would need to break above 282 for confirmation. Above 282, we can see 284, 286, 288. Below 280, we can see 278, 276, 274.

 

 

$IRWD – also looking primed for breakout. Would need to break above 11.70 for further continuation. Above, 11.70, 12 can see 12, 12.3, 12.50. Below 11.50 we can see 11.25, 11, 10.8.

 

 

$CAKE – Nice breakout from breaking a falling wedge and holding trendline support. Needs to hold 59 for further bullish price action. Above 60, we can see 62, 64. Below 59, we can see 57, 55.

 

 

$SNOW – Earnings on 5/26. SNOW showed excellent strength in a weak market. Moved about 21 points. Perhaps seeing an early earnings rally. If SNOW can maintain support around 204/205, it can see 222, 231, 241.