Week of 12/13/2020

By iamtez -

 

Last week was a volatile week probably due to some big IPOs coming to the market and capital getting moved around for them. We might see another week similar to last one which would actually be good as it will bring lot of stocks to better levels before the Santa Claus rally starts.

 

Financial stocks in general look weak and most charts turning down so I would recommend staying away from them in the short term.

 

Below are stocks that look good to me for Up move.

 

FSLY

Jan 15, 2021 120c

Had a good jump last week and seems like the run will continue.

HD

Jan 15, 2021 280c

Chart looks great and a move to 285 should be swift.

HZNP

Jan 15, 2021 80c

Chart looks really good and a move to 80 should be very quick.

KR

Jan 15, 2021 30c

Chart looking really good and a move to 33+ should be happening very soon.

REGN

Dec 18, 2020 500c

Very oversold and a move back to 500 should be happening very quick.

RKT

Jan 15, 2021 20c

Very nice chart setup and a move to 23, even 24 is likely in next 2-3 weeks.

VMW

Jan 15, 2021 150c

I mentioned this last week too and said it needed some time. Now chart looks ready to move up.

 

Below are stocks that look good for a DOWN move.

 

MU

Jan 15, 2021 65p

Chart turning down and a move to 65 should happen soon.

QCOM

Dec 18, 2020 140p

A move down to 140 should happen soon and if that breaks, then 130 seems very likely.

RH

Dec 24, 2020 400p

A move down to 400 seems very likely, especially if 420 breaks with volume.

 

Disclaimer: The views and opinions expressed here are my own. Before taking any financial decisions based on these, please do your own due diligence.

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