Week of 02/22/2021

By iamtez -

Welcome back everyone. Hope you had a great weekend.

 

Last week was a tough one. I still do not see lot of good setups. Hence the watchlist is little short for this week. There are some good setups that will most likely emerge for next week if market does go down this week.

 

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

 

AAPL Feb 26, 2021 130c

Seems oversold, chart about to start turning up. A gap down should give good entry but be sure to take quick profits.

HOME Mar 19, 2021 30c

Very close to a breakout and chart looks pretty solid. Keep an eye out for 28.61, if it cannot break that with volume, then it would be a failed breakout.

OKTA Feb 26, 2021 300c

Chart looks strong and a pre-earnings runup most likely to happen this week. If 293 breaks with volume, then 300 will come in a hurry.

SNAP Feb 26, 2021 70c

Another good looking chart. A breakout seems imminent and that could send this over 70 very fast.

 

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

 

ANET Feb 26, 2021 300p

Could not hold gains with decent earnings and a test back down to 300 seems likely this week.

CRWD Feb 26, 2021 230p

Chart turning down though have to be quick with this one. If it gaps down then do not chase it. Else a test of 230 seems very likely.

 

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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