8/13/2021 Watchlist Charts

8/13/2021 Watchlist Charts

 

08/13 Watchlist

 

$CHWY – The stock traded up 4.09% during market hours and was up 0.18% after hours. CHWY was showing relative strength compared to the overall market as evidence by close near high of the day. On the daily timeframe, it closed a very strong bullish engulfing candle and breaking out of the bullish channel. Keep an eye on the 96 level, if CHWY can break above with volume, it can test 100 (psychological rounded resistance) to 103 level resistance. I will consider put if CHWY fails to hold above the 94 level, as it can pullback down to 91 to 88 level support.

Contract Suggestion:

Above 96 level: 96C 08/13 (2.7K Volume (@0.67) or 100C 08/20 (1.7K Volume @0.94)

Below 94 level: 94P 08/13 (374 Volume @0.61)

 

$DKNG – The stock traded up 4.66% during market hours but was down 0.24% after hours. Cathie woods has continued to buy up DKNG and finally it managed to close above the 200DMA (53.10) and showed relative strength. We also saw multiple price upgrades with legalization of gambling in Canada that catapulted this to new highs. On the daily timeframe, we see a double bottom around the low 40 level with a breakout at the 55 level resistance to test highs again. Keep an eye on the 55 level, if DKNG can break above with volume, it can test 59 to 62 level resistance. wil consider puts if DKNG fails to hold above the 200DMA (53.10), as it can pullback down to 50 to 47 level support.

Contract Suggestion:

Above 55 level: 55C 08/13(19.4K Volume @0.32) or 55C 08/20 (15.6K Volume (@1.14)

Below 53 level: 52P 08/20 (998 Volume @0.42)

 

$AAPL – The stock traded up 2.08% during market hours and was up 0.07% after hours. On the daily timeframe, AAPL finally broke out of the consolidation within a larger wedge and closed with incredible strength. It managed to close a bullish engulfing candle and its looking to test all time high of 150 level. The 150 level is a very hard resistance as it was rejected three times in the past. Keep an eye on the 149 level, it can be a great starter positions to go long on AAPL and once it can close above 150, you can add more then. The daily MACD almost close to crossing green and traded with above average volume during Thursday’s trading sessions. If AAPL can break above 150, it should test 151 to 15 level resistance. I will consider puts if AAPL fails to hold above the 148 level, as it can pullback down to 146 to 145 level! support. The 145 level is a very strong support as we saw multiple test and consolidation over this level to validate this as a strong support.

Contract Suggestion:

Above 149 level: 150C 08/13 (124K Volume @0.66) or 150C 08/20 ([147.1K Volume @1.25)

Below 148 level: 148P 08/13 (78K Volume @0.35)

 

$TSLA – The stock traded up 2.04% during market hours but was down 0.26% after hours. During Thursday trading sessions, TSLA has back tested the 700 level again (bounced 5 times on the daily), to validate this new support of 700 which was previous a resistance. On the daily timeframe, TSLA broke out of the wedge and closed a strong bullish candle with strength. The daily volume is almost at above average volume with RSI just holding slightly below overbought zone. On the weekly timeframe, it shows a larger picture where TSLA’s MACD crossed green which signals a trend change and so far, forming a strong bullish weekly candle. Keep an eye on the 729 level, as it can test 744 to 752 level resistance.! will consider puts if TSLA fails to hold above the 715 (previous HOD candle), as it can pullback down to 700 to 686 level support.

Contract suggestion:

Above 729 level: 740C 08/13 (45.7K Volume @1.34)

Below 715 level: 710P 08/13 (27.2K Volume @1.59)

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