9/01/2021 Watchlist Charts

9/01/2021 Watchlist Charts

 

Watchlist for 09/01/2021

 

$AMZN – The stock traded up 1.44% during market hours and was up 0.04% after hours. n the daily timeframe, AMZN was showing relative strength compared to the overall market as it held the 3400 level and closed near the 0.5fib level of 3474 level resistance. AMZN is almost half way to filling the gap from the previous gap down from earnings and managed to close strong bullish candle. Keep an eye on the 3474 level, if AMZN can break above with volume, it can test 3486 to 3500 level of resistance. Above 3500 level, it can rocket to 3545 level resistance. We will consider puts if AMZN fails to hold above the 3460 (50DMA) as it can pull back down to 3448 to 3400 level support.

Contract Suggestion:

Above 3474 level: 3530C 09/03 (2.3K Volume @9.50)

Below 3460 level: 3425P 09/03 (3.6K Volume @8.95)

 

$TSLA – The stock traded up 0.66% during market hours but was down 0.21% after hours. TSLA showed a continuation from Monday/s trading sessions and managed to make a new high of the day, but it basically chopped its way there. Those market makers (MMs) are trying to prevent TSLA from running and you can tell by the premiums as the moves intraday weren’t correlating together. The great thing is that TSLA did not break down, but it didn’t close near high. We would treat this as a day trade till it can get above the 752 level. Keep an eye one the 740 level (High of the day on Tuesday), if TSLA can break above with volume, it can test 752 to 770 level. We will consider puts if TSLA fails to hold above the 730 level, as it can pull back down to 721 to 714 level support.

Contract Suggestion:

Above 740 level: 750C 09/03 (127.8K Volume @2.85)

Below 730 level: 720P 09/03 (18K Volume @4.15)

 

 

$UPST – The stock traded up 6.25% during market hours but was down 0.93% after hours. UPST was showing relative strength compared to the overall market was evidence by it closing near high of the day. On the 1hrtimeframe, UPST has been bull flagging and it looks ready to pop if it gets enough volume. Keep an eye on the 230 level, if UPST can break above with volume, it can test 235 to 244 level resistance.  We will consider puts if UPST fails to hold above the 228 level, as it can pull back down to 225 to 223 level support.

Contract Suggestion:

Above 230 level: 240C 09/03 (1.4K Volume @2.35)

Below 228 level: 220p 09/03 (2k Volume @2.60)

 

$ROKU – The stock fell .98% during market hours but was up 0.16% after hours. ROKU has held that 352 level support for like the millionth time but has struggled to get past that 360 level. For the seventh consecutive day it has chopped sideway with pop at open and fades rest of the day. This would be a great buy the dip if ROKU holds that 352 level on the daily as there’ potential for a great run soon. The daily MACD crossed green but RSI still stagnant above the oversold zone. Keep in mind that ROKU has crazy runs once there’s some catalyst or upgrade, so shares are great buy here. Keep an eye on the 352 level if ROKU can hold above this level, it would be a great day trade for a scalp as it can test 356 to 361 level. Above 361, it can test 366 (big break out level), to 372 level resistance. We will consider puts if ROKU fails to hold above the 352 level, as it can pull back down to 350 to 345 level support.

Contract Suggestion:

Above 352 level: 360C 09/03 (6.9K Volume @3.50)

Below 352 level: 340P 09/03 (1.5K Volume @2.17)

 

**NEWSTO LOOKOUT FOR THIS WEEK**

  • Unemployment Data Thursday (09/02) at 5:30am PST/8:30am EST
  • Non farm payroll Friday(09/03) at 5:30am PST/8:30am EST
  • Market is closed on Monday (09/06) for Labor day

 

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