Week of 02/01/2021

By iamtez -

 

Welcome back everyone. Hope you had a good weekend. Another week where approximately 580 companies will be reporting earnings. Lot of related stocks would also move based on these earnings. I was hoping for a red open tomorrow and futures started off that way but have turned green. However, quite a few charts need little more time. At least another day or 2 down days would setup lot of stocks nicely for a bounce. I am not listing those below but will be monitoring them.

 

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

 

DIS

Feb 05, 2021 170c

Good chart setup and with earnings next week, a move to at least 175 this week seems very likely.

MTCH

Feb 05, 2021 145c

Nice chart setup and with earnings, this could easily go beyond 150 this week.

PAYC

Feb 19, 2021 450c

This is a carry over from last week. I still like the chart on this one so will hold this week to see if things improve.

RUN

Feb 19, 2021 75c

Chart setting up nicely. This is near 50MA. If it reclaims that, then we could see a run back to 80 in next couple weeks.

SQ

Feb 05, 2021 225c

Chart looking good and a run back to 225 seems likely this week.

TWTR

Feb 05, 2021 50c

Strong chart and a run to 52 and possibly even 55 seems likely this week.

UBER

Feb 05, 2021 52c

Looks oversold and chart about to turn. A move to 52.64 to try and reclaim 50MA seems likely. If it breaks that with volume, them 54.5 could come quickly. Also with earnings next week, I feel we see a pre-earnings runup this week.

 

ALWAYS REMEMBER TO USE STOPS AS PER YOUR APPETITE TO HANDLE LOSES.

 

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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