9/24/2021 Watchlist Charts

9/24/2021 Watchlist Charts

 

Watchlist for 09/24/2021

 

$AMZN –  The stock traded up 1.06% during market hours but was flat after hours. AMZN moved over 100pt from the 200DMA and was showing relative strength compared to the overall market. The daily 50DMA (3424.41) remains as a dynamic resistance but the other daily moving averages are curling up for a potential move higher if the market remains healthy. AMZN still has some gap to fill from 3429 to 3452 from Monday’s gap down. The weekly timeframe provides us with a larger picture of AMZN. If AMZN can close above 3434, it can set up for a larger move to 3500 next week as it would close a strong bullish pinbar. Keep an eye on 3429 level, if AMZN can break above with volume, it can test 3434 to 3450 level resistance. Above 3450 level, it can test 3461 to 3486 level resistance. We will consider puts if AMZN fails to hold above the 3400 level, as it can pullback down to 3388 to 3367 level support.

Contract Suggestion:

Above 3429 level: 3450C 09/24 (26.5K Volume @2.73)

Below 3400 level: 3380P 09/24 (4.2K Volume 3.55)

 

$TSLA – the stock traded up 0.23% during market hours but was down 0.11% after hours. TSLA is setting up for a large breakout or another slap back down. On the daily timeframe, TSLA is tested the top trendline of the wedge but was rejected harshly and ended up closing a doji. Keep an eye on the 758 level, if TSLA can break above with volume, it can test 764 to 770 level resistance. Above 770, it can test 773 to 786 level resistance. We will consider puts if TSLA fails to hold above the 752 level, as it can pullback down to 744 to 730 level support.

Contract Suggestion:

Above 758 level: 760C 09/24 (83.8K Volume 2.00) or 765C 09/24 (27.7K Volume 00.91)

Below 752 level: 750P 09/24 (50.8K Volume @4.05)

 

$MRNA – The stock traded up 3.15% during market hours but was down 0.24% after hours. On the daily timeframe, MRNA is setting up for another run with the daily MACD moving averages close to crossing above. MRNA attempt to breakout higher but was harshly rejected at the 458 level. It’s also still trading within the bullish channel. Keep an eye on the 454 level, If MRNA can hold above this level, it can test 458 to 464 level resistance. We will consider puts if MRNA fails to hold above the 454 level, as it can pullback down to 442 to 440 level support.

Contract Suggestion:

Above 454 level: 460C 09/24 (14.7K Volume 2.39)

Below 454 level: 45OP 09/24 75K Volume @2.89)

 

$AFRM – The stock traded up 11.24% during market hours and was up 0.52% after hours. News broke out with their partnership with WMT and basically exploded upwards. It’s a huge chase at these levels, but still great for a scalp (risky). Keep an eye on the 127 level, if AFRM can break above with volume, it can test 129 to 132 level resistance. Above 132 level, can test 140 to 146 level resistance. We will consider puts if AFRM fails to hold above the 126 level, as it can pullback down to 121 to 118 level support.

Contract Suggestion:

Above 127 level: 130C 09/24 (14.5K Volume e 2.10)

Below 126 level: 125P 09/24 (1.6K Volume @2.30)

 

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

 

  • New Homes Sales for August 2021 on Friday (09/24) at 7am PST/10am EST
  • Fed Chairman Jerome Powell opening remarks on Friday (09/24) at 7am PST/10am EST

 

 

Leave a Reply

Your email address will not be published.