$TSLA | WEEKLY WATCHLIST 12/6Looks like wave C is potentially in here in my proposed ABCDE. If we break below B, I will shift my count to an ABC correction with A=C. Looks very similar to $TSLA.
Calls
$GOOGL | WEEKLY WATCHLIST 12/6Looks like a double 1-2 nest. Seems like selling pressure calming down a bit here compared to it's friends. Name of the game this week is waiting for wave 1-2s to form for some more insight/confirmation.
$FCEL | WEEKLY WATCHLISTUgly drawdown with rest of market last week. $7 needs to hold for me to like this count, although $6.69 is the lower fib. This week will be telling.
$FB | WEEKLY WATCHLIST 12/6Still needs some time to develop, but bounced off falling wedge support for now. Also holding between 23.6-38.2% fib.
Markets must reverse in order for Facebook to reverse as well.
$BABA | WEEKLY WATCHLIST 12/6Just something to keep on your radar although China sentiment is concerning. Sitting on ALL TIME LOW TL and flirting with the 78.6% fib. Must wait for wave 1-2 confirmation after this major draw down, but still worth a watch.
$AMZN | WEEKLY WATCHLIST 12/6Patience is KEY here. Potential W2 low for Amazon (again lol). WAIT for wave 1-2 confirmation to follow before entering imo.
$AAPL | WEEKLY WATCHLIST 12/6Looking for a W2 down which correlates to TL support and retest of breakout. Don't rush into this one.
$T - Chart analysis Dec 6 - 10$T - December 5th, 2021.
If T gets over the 24-24.26 area, it's good for short-term calls. The concern, however, is resistance at 25 and 25.58. If it goes above and fails from the 24-24.26 area, it's a good short till the 22.22-22.55 area. Then further continuation is expected below that.
Overall, short bias on this one.
Let me know your thoughts!
Will the big boy break or hold? Possible bear disappointment here. Still a long while before candle close though. Some YOLO calls won't hurt too bad.
$SQ | WEEKLY WATCHLIST 11/29Good start on this bounce. We want to see bullish continuation to confirm my thesis! Think long-term with this one...
$RTY | WEEKLY WATCHLIST 11/29Have been tracking this for awhile now. Expecting a base to build here before our next leg higher towards $2650+. Eyeing a position on this one very soon. ($IWM)
$ROKU | WEEKLY WATCHLIST 11/29Uhhhhhh is it finally time?! Last week we nearly tapped my buy zone. I'm fairly sure I was one of the first to share that level with you guys! Looking for some support to build before pulling the trigger. $400 above is possible on the next impulse up.
$NIO | WEEKLY WATCHLIST 11/29Smaller degree wave 2 looks to be in! Expecting an impulse higher this week above $45. $37 needs to hold below for this count to stay strong.
$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
$MSTR | WEEKLY WATCHLIST 11/29Do you regret not buying Tesla under $700? Well... you're in luck. MicroStrategy under $700 is a GIFT. Look for $635 to hold as support and a sharp move higher towards $1000. Don't sleep on this one.
11/29 - 12/3 | PTON | Watchlist #2 $PTON +47
(Over $47 for calls)
Price targets: $48, $50
Technical analysis: Bounce off pivot point on the daily chart
Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
$LCID | WEEKLY WATCHLIST 11/29Following Tesla's chart very well and have been tracking the two together. Looks to be a wave C in progress. Still waiting patiently before pulling the trigger to go long on this one.
$FCEL | WEEKLY WATCHLIST 11/29Triple nested 1-2 setup sitting on falling wedge support. As long as $8.60 holds, I expect another leg higher to $14.59 by December 17th.
Yes, I am aware this is quite an aggressive prediction, however I'm using past data with how FCEL likes to behave indicated with the red/green boxes.
$AMZN | WEEKLY WATCHLIST 11/29Like Apple, we expected Amazon to pullback while most were super bullish. A bit more uncertainty with this one, as we can call this pullback either a wave 4 (if we hold 50%) or another nested 1-2 (if we hold $3350-3440)
No longs for now.
$AAPL | WEEKLY WATCHLIST 11/29Short-term, Apple doesn't look too hot. False breakout last week while everyone was super bullish, however we saw this one coming and didn't rush in. I'm looking for a retest of the diagonal breakout which also lines up with the golden pocket. Daily Oscillators need to cool off as well.
If markets prove to be strong through the end of the year, we may get a shallower retrace for wave 2. Target above remains at $180+. Be patient friends.
$ROKU | WEEKLY WATCHLIST 11/22Like PayPal, Roku still has some more downside to go before a potential reversal. Not interested in long setups until we tap $220 region. Don't get burned trying to catch this in the meantime.
$PYPL | WEEKLY WATCHLIST 11/22Very ugly move for PayPal last week. I have since taken profits on the initial bounce we got from $201 to $215. I hold no options for the time being. Weakness from last week opens up the possibility to see $169-170 get tested before a major low is potentially put in. Be patient with this one and careful catching a falling knife with weakness present.
