9/22/2021 Watchlist Charts
Watchlist for 09/22/2021
$MRNA – The stock traded up 2.53% during market hours and was up 0.21% after hours. MRNA is setting up for a larger movest was showing relative strength compared to the overall market on the daily timeframe, MRNA continues to trade in a wedge but managed to close just a smidge outside of wedge. Its just lading daily volume though. Keep an eye on the 437 level MRNA can break above with volume, it can test 440 to 446 level resistance. We will consider puts if MRNA tails to hold above the 430 level, as it can pullback down to 424 to 419 level support.
Contract Suggestion:
Above 437 level: 440C 09/24 (8.25 Volume 6.75) or 450C 09/24 (14.8k Volume @3.70)
Below 430 level: 425P 09/24 (2.8K Volume @5.90)
$LCID – The stock traded up 11.38% during market hours but was down 1.53% after hours. On the daily timeframe, LCID was showing strong relative strength compared to the overall market with above average volume. It was noted that LCID was moving higher in anticipation of the company’s production preview week which is set to begin on Monday 09/27) as well as delivery numbers coming out soon, LCID was rejected at the daily top trendline of the wedge. If we can see more volume come into tomorrow, LCID can break that wedge and continue to move a leg higher. Keep an eye on the 28 level or back test 26 level, as it can test 29 to 32 level resistance. We will consider puts if LCID fails to hold above the 26 level, as it can pullback down to 25 to 22 level support.
Contract Suggestion:
Above 28 or back test 26 level: 28C 09/24 (68.8K Volume 0.871 or 30C 10/15 (15.8K Volume @1.88)
Below 26 level: 25P 09/24 (27.7K Volume @0.58)
$ABNB – The stock traded up 4.73% during market hours but was down 0.40% after hours, ABNB has continued to show strength in a weak market and its evidence by closing near high of the day. ABNB has tested the 170 level this past week but has continue to see a wall. The more times a resistance is tested, the weaker it gets. On the daily timeframe, it recently broke out of the downtrend, and is trading in an ascending triangle pattern. Keep an eye on the 170 level, if ABNB can break above with volume, it can test 175 to 179 level resistance. We will consider puts if ABNB fails to hold above the 165 level, as it can pullback down to 163 to 159 level support.
Contract Suggestion:
Above 170 level: 172.5C 09/24 (2.7K Volume @1.51)
Below 165 level: 160P 09/24 (5.4K Volume @0.50)
$SNAP – The stock traded up 6.08% during market hours but was down 0.18% after hours. SNAP has finally broken out of the triangle and closed near high of the day. Its currently in the golden pocket one of the Fibonacci retracement with the daily MACD dose to crossing above green (signaling a trend change). If we see some more volume come in, SNAP can see a continuation if it doesn’t back test the breakout. Keep an eye on the 77 level, if SNAP can break above with volume, it can test 79 to 81 level resistance. We will consider puts if SNAP fails to hold above the 75 level, as can pullback down to 73 to 71 level support.
Contract Suggestion:
Above 77 level: 780 09/24 (1.6K Volume @1.00) or 80C 10/15 (10.1K Volume @2.42)
Below 75 level: 74P 09/24 (3.3K Volume 20.95)
***NEWS TO LOOK OUT FOR THIS WEEK***
- FOMC statement on Wednesday (09/22) at 11am PST/2pm PST
- Fed Chair Jerome Powell news conference on Wednesday (09/22) at 11:30am PST/2:30pm PST
- Unemployment Claims data on Thursday (09/23) at 5:30am PST/8:30am EST