JMIA
12/22 WATCHLIST + MARKET OUTLOOK** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS
With the stimulus bill all but passed, and fairly positive sentiment around existing vaccines being effective against the new coronavirus strain, I remain bullish and continue to believe we will see a blow-off top in equities in the short term. This morning during pre-market, we're seeing SPY back above the major support line (red) that has been support since the coronavirus low. Let's see whether we can break the major resistance line (green) today. If so, a good trade would be to wait for a retest of this line, and enter long on the bounce confirmation.
Yesterday's watchlist went absolutely bonkers. I post watchlists daily - be sure to follow me so you get the notification!
WATCHLIST 12/22
Recall that my trading style is short scalps and intraday trading. These are not swing levels.
LONG LIST TODAY! Highly suggest you pick a few of your favorite setups out of these and just focus on them
BA calls over 221.2, puts under 215.6
PLTR calls over 29.75
MSFT calls over 224
CHWY calls over 109.1
GRWG calls over 41.2
JMIA calls over 43, second entry 44.5
NFLX calls over 531.9
NVDA calls over 534.9
BABA puts under 257.8
DIS puts under 170
PYPL calls over 240.45
SOLO calls/equity over 7.65
TWLO calls over 370.5
HD calls over 272
$JMIA is ready to be massively SOLD!The reasons are:
Ascending wedge pattern on 2H + descending volume (left window)
Double top pattern on 1H + descending volume (right window)
POC is below $20 per share
Chaikin Money Flow index is descending on both of the charts
Put option alert is triggered by Benzinga
JMIA (NYSE:JMIA), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on December 18, 2020. A trader bought 326 contract(s) at a $35.00 strike. This particular put needed to be split into 8 different trades to become filled. The trader or institution spent $83.6K on this trade with a price of $255.0 per contract. There were 3560 open contracts at this strike prior to today, and today 1335 contract(s) were bought and sold.
Analysts rating:
Date Research Firm Action Current Target
8/13/20 Stifel Maintains Hold 12.0
8/13/20 Morgan Stanley Maintains Equal-Weight 11.5
5/14/20 Stifel Downgrades BuyHold 4.5
Wish you a profitable trading week!
Dias