5/18/2021 Watchlist Charts

5/18/2021 Watchlist Charts

 

5/18 Tuesday Watchlist

 

$WDC – Nice break of resistance today around 75. Above 78, we can see 80, 83. Must hold 74 as support. Looking at WDC 90c 6/18 with over 22K in volume traded today. If that’s too far out the money, the at the money calls would be good too.

 

 

$CSCO – Earnings tomorrow after close. Tested resistance multiple times around 53.15. Analysts are expecting CSCO to beat their earnings. Needs to hold above 53 for a move to 55, 57.

 

 

$UPST – Falling wedge breakout. Over 118, we can see a move to 125, 134, 145+. Must hold 115 as support.

 

 

$MPC – Getting close to testing resistance around 62. Over 62, we can see 64, 66. Must hold 61 as support.