5/25/2021 Watchlist Charts
5/25 Tuesday Watchlist
$CRM – Earnings coming up on 5/27 after hours. CRM Stock Likely To Rise Due To Positive FQ1 2022 Results With Revenues and Earnings Beating Expectations. Over 227, CRM can see 230, 234, 238. Must hold 225 as support. Below 225, we can see 222, 220, 218. Seeing some nice converging of EMAs, so let’s see where CRM goes in the next couple days.
$VIPS – Looking like it has bottomed out and is slowly on its way to recovery. Recent earnings beat. Looking at 6/18 24c with 4K+ in volume today. Tons of upside on VIPS. Must hold 22.6 support for further continuation. Over 24, we can see 25, 27, 29.
$TPR – Falling wedge formed and it it looking like it wants to break out. Must hold support at 43. Over 44, we can see 45, 47+. Below 43, we can see 41, 39. The 5/28 44.5c had 6.4K+ in volume today. Looks like options traders are anticipating the breakout with such a short expiration. On watch for continuation tomorrow.
$SPCE – Huge gap up today due to a successful weekend spaceflight test. Jumped about 28%+ today! Huge falling wedge broken as well. Over 28, SPCE can see 30, 32, 36. Must hold 26 as support. We may see continuation tomorrow, so watch for these levels.