9/13/2021 Watchlist Charts

9/13/2021 Watchlist Charts

 

Watchlist for 09/13/2021

 

$AFRM – The stock traded up 34.37% during market hours but was down 0.5% after hours. After destroying earnings report and providing positive guidance, AFRM gapped up close to 20% and managed to close a strong bullish candle on the daily timeframe despite the market pulling back at the end of the day. Keep an eye on the 126 level, if AFRM can break above with volume, it can test 130 to 132 level support. We will consider puts if AFRM fails to hold above the 121 level, as it can pullback down to 118 to 115 level support.

Contract Suggestion:

Above 126 level: 130C 09/17 (19.5K Volume @3.80)

Below 121 level: 115P 09/17 (7.2K Volume @2.70)

 

$SE – The stock traded up 0.90% during market hours and was flat after hours. SE was showing relative strength towards the earlier half on Friday but sold off heavily with the market. On the 1hr timeframe, it managed to close a bullish pinbar but the daily macd crossed red. If the market decides to pullback further, SE can continue to dive lower. Keep an eye on the 325 level, if SE can back test or hold above this level, it can test 328 to 333 level resistance. We will consider puts if SE fails to hold above the 325 level, as it can pullback down to 322 to 317 level support.

Contract Suggestion:

Above 325 level: 335C 09/17 (2.8K Volume @3.95)

Below 325 level: 320P 09/17 (742 Volume @5.30)

 

$NFLX – The stock traded up 0.20% during market hours and was up 0.05% after hours. NFLX has started to show weakness relative to the overall market starting after its rejection from highs since Thursday (09/09). On the weekly timeframe, its starting to form an evening star pattern which is a bearish reversal from highs. On the daily timeframe, despite the market pullback, it still managed to close green. Keep an eye on the 600 level, if NFLX can break above and hold this level, it can test 610 to 617 level resistance. We will consider puts if NFLX remains below the 600 level, as it can pullback down to 594 to 590 level support. Below 590, it can fall further down to 588 to 575 level support.

Contract Suggestion:

Above 600 level: 610C 09/17 (10.9K Volume @5.00)

Below 600 level: 580P 09/17 (2K Volume @3.65)

 

$TTD – The stock fell 0.05% during market hours and was down 0.15% after hours. TTD was starting to show a bounce towards the earlier part of the trading day last Friday (09/10) after closing a bullish candle on the daily timeframe. TTD unfortunately failed to get above the 200DMA(75 level) to continue the uptrend once the market started to pullback in the latter half of the day. On the daily MACD, it looks to have topped out from the selling pressure and RSI remained fat from the sell off. f we can see a bit more volume to come back into TTD and market bounce, TTD can test the 200DMA to break that downtrend. Keep an eye on the 75 level, if TTD can break above with volume, it can test 78to 80 level resistance. We will consider puts if TTD fails to hold above the 71 level, as it can pullback down to 69 to 67 level support.

Contract Suggestion:

Above 75 level: 76C 09/17 (556 Volume @0.60)

Below 71 level: 70P 09/17 (217 Volume @0.80

 

***NEWS TO LOOK OUT FOR THIS WEEK***

  • Unemployment data on Thursday (09/16) at 5:30am PST/8:30am EST
  • Opex on Friday (09/17) – can see volatility this week
  • Quad-witching day on Friday (09/17)

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