Week of 12/27/2020

By iamtez -

 

Hope everyone had great Christmas weekend. With the COVID relief bill signed, we should see a nice uptick to start the week and a possible Santa Claus rally this week. However, be careful of potential end of year profit and loss taking to offset taxes. Keep the contract size small this week.

 

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

 

AAPL

Dec 31, 2020 135c

Looks ready to test ATH of 137.5.

DIS

Jan 08, 2021 180c

Chart still strong and a test of ATH looks very much possible.

DKS

Jan 15, 2021 58c

Chart setup nicely, a test to 60 should happen soon.

PDD

Jan 15, 2021 160c

Chart turning up and a move to 156 should be quick. May need to get out of this around that point.

REGN

Jan 08, 2021 525c

Chart still looks good  so will hold this from last week.

ULTA

Jan 08, 2021 270c

Chart looks good and a move to 280 should happen soon.

YELP

Feb 21, 2021 30c

Chart turning up nicely. This should soon bounce especially with vaccine distribution picking up.

 

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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