9/17/2021 Watchlist Charts

9/17/2021 Watchlist Charts

 

Watchlist for 09/17/2021

 

$SQ – The stock traded up 2.53% during market hours but was down 0.11% after hours. Strong bounce for SQ off the 200DMA and it started to show some signs of strength during Thursday’s trading sessions with above average volume. If we can continue to see volume come in, SQ can set up to test the 50DMA (258.80). Keep an eye on the 256 level, if SQ can break above with volume, it can test 258 to 262 level resistance. We will consider puts if SQ fails to hold above the 254 level, as it can pullback down to 251 to 247 level support.

Contract Suggestion:

Above 256 level: 260C 09/24 (2.5K Volume @3.05)

Below 254 level: 252.5P 09/17 (3.7K Volume @1.00)

 

$SE – The stock traded up 1.57% during market hours but was down 0.26% after hours. SE was showing relative strength compared to the overall market and this is evidence by it closing near high of the day. It managed to close a strong bullish candle off the daily moving averages with RSI holding above 55 signaling a bullish move. ARK has also started to buy up SE dips as well. Keep an eye on the 343 level, if SE can break above with volume, it can test 350 to 355 level resistance. We will consider puts if SE fails to hold above the 339 level, as it can pullback down to 337 to 335 level support.

Contract Suggestion:

Above 343 level: 345C 09/17 (1K Volume @2.40)

Below 339 level: 335P 09/17 (608 Volume @0.85)

 

$GOOGL – The stock fell 0.57% during market hours and was down 0.18% after hours. GOOGL is setting up for a major move higher if it can get enough volume. Most dips on GOOGL were bought up when it tested the lower trendline on the 4hr timeframe. Its has also been trading in an ascending triangle on the 4hr timeframe as well with a breakout level at the 2890 level. Friday same day expiration are the best to play for GOOGL as its cheaper but also comes with higher risk if it trade sideways. Keep an eye on the 2885 level, if GOOGL can break above with volume, it can test 2900 to 2910 level. Above 2910 level, it can test 2918 to 2925 level resistance. We will consider puts if GOOGL fails to hold above the 2869 level, as it can pullback down to 2863 to 2856 level support.

Contract Suggestion:

Above 2885 level: 2900C 09/17 (13.4K Volume @1.10)

Below 2869 level: 2850P 09/17 (1.6K volume @3.40)

 

$TSLA – The stock traded up 0.15% during market hours but was down 0.20% after hours. TSLA has been trading in a bullish flag and has started to break out of that flag on the daily timeframe. On the 10min timeframe, TSLA has continued to have a rejection at the 757 level twice during Thursday trading sessions and validates that as a minor resistance. The daily volume has been decreasing despite TLSA breaking up which bring concerns that it might be a false break out. So, keep this in mind as a quick scalp/day trade till it can clear that 770 level for a leg higher. Keep an eye on the 757 level, if TSLA can break above with volume, it can test 764 to 770 level resistance. We will consider puts if TSLA fails to hold above the 752 level, as it can pullback down to 744 to 737 level support.

Contract Suggestion:

Above 757 level: 760C 09/17 (79.2K Volume @2.70) or 765C 09/17 (34.7K Volume @1.25)

Below 752 level: 750P 09/17 (58.9K Volume @2.00)

 

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

  • Opex on Friday (09/17) – can see volatility this week
  • Quad-witching day on Friday (09/17)

 

 

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