Week of 02/16/2021

By iamtez -

 

Welcome back everyone. Hope you had a great long weekend.

 

Last couple weeks have been really good and lot of stocks have moved considerably. While lot of growth stocks seem to be near over bought territory, there are still many good setups. I think there will be some rotation for next couple of weeks. Another important thing to remember is we have a short trading week so weekly option premiums will drain more quickly. Size your short term trade accordingly.

 

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

 

AMD Feb 26, 2021 95c

Chart looks strong and a move to 98 seems likely by this week.

AMGN Feb 19, 2021 240c

Very oversold and a high likelihood for a move back to 245 this week.

BIIB Feb 26, 2021 295c

Good looking chart and a move to 288 seems likely this week.

LAZR Feb 19, 2021 40c

This has very good setup and a move to 39.9 is very likely this week. If that breaks, then this could go up much further.

LITE Feb 26, 2021 100c

Another great looking chart and a move to 100 seems likely this week.

LMND Feb 26, 2021 175c

Very nice looking chart and a move to 182 seems likely soon.

MU Feb 26, 2021 95c

Chart looks strong and it is on the verge of a breakout. If this moves up on high volume, then 100 can come very quickly.

SPOT Feb 19, 2021 350c

Strong looking chart, a move to 350+ seems very likely this week.

QS Feb 26, 2021 65c

Chart looks pretty good and a move to 61.37 should happen quickly this week. If that breaks with volume, then this should go to 74 very quickly.

 

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.

Comments

  1. ankitpatel4999February 16, 2021 at 4:16 PM

    Why LAZR keep
    Going down

    ReplyDelete
    Replies
    1. iamtezFebruary 16, 2021 at 7:22 PM

      It backed off from the $40 area which is resistance. Has pulled back from there 3 times now. However chart still good so could give another try by thursday.

      Delete
  2. ankitpatel4999February 17, 2021 at 6:00 AM

    Thanks for the reply!

    ReplyDelete
  3. JohnFebruary 17, 2021 at 9:53 AM

    Why don't you start Discord channel. In Discord, we can get realtime entry and exit alert from you and we can also benefited from your knowledge.

    ReplyDelete
    Replies
    1. ankitpatel4999February 17, 2021 at 6:05 PM

      Agree with you because some time we bought early and price will go down asap.we have to wait for coming back.same story happen with LAZR I have 500 contact with $1.75 price and current price is .03 no one is buying.

      Delete
    2. iamtezFebruary 17, 2021 at 6:30 PM

      This is not a paid service. If I start one, I shall surely do that.
      Also if you do not use stops, you are playing with fire. I rode LAZR on monday for 50% profit but always had a stop.

      Delete

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