5/19/2021 Watchlist Charts

5/19/2021 Watchlist Charts

 

5/19 Wednesday 

 

$BCS – Seeing a nice wedge formation. Looking like it is ready to break out soon. Financial sector has been doing pretty well. Over 10.5, we can see 11+. Needs to hold 10 as support.

 

 

$SABR – Looking like SABR wants to bounce from support around 13. If it holds 13, we can bet set up to see 14, 15+. May 28th 14c contracts had over 27K in volume today. They are relatively cheap with a bid and ask spread of 0.22 – 0.24. MACD looks like it wants to cross over on the daily chart as well.

 

 

 

$PTON – Bear flag/Rising wedge formed on PTON. Needs to hold 92 for support or we will see further downside to 80. Above 98, it can be set up to see 104, 108, 114, 118.

 

 

 

$AAL – $AAL for the past 3 days had a green day. Today, the trading range was very tight. AAL needs to hold support at 23 to bet set up to see 24, 26. May 28th 25c contracts had over 19K in volume, with a bid and ask spread of 0.28 – 0.29. Really cheap contracts!

 

 

 

$RAPT – Had a very strong day today. Currently at resistance around 23.19. Above 23.5, we can be set up to see 24, 25+. July 16th 25c contracts had 5K+ in volume today. Bid and ask spread of 4.20 – 4.60.