Week of 03/29/2021

By iamtez -

Welcome back everyone. Hope you had a great weekend.

 

Even though we had a nice bounce to end last week, technology/growth stocks do look like they need another week to have higher probability of bouncing. Nevertheless there are few that look good which I have posted below.

 

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

 

ADBE Apr 01, 2021 480c

Chart looks nice and it closed above 50 and 200 dma on Friday. It seems on its way back to 500.

CVX Apr 16, 2021 110c

Chart strong, a test back to 113 seems like very likely.

NOW Apr 01, 2021 510c

Nice bounce above 50dma on Friday. Good chance it moves back to 530 near the 200 dma.

ORCL Apr 01, 2021 72c

Strong move to end the week, chart looking pretty good. A continuation to 73+ likely.

UPS Apr 01, 2021 170c

Chart turning up nicely. A move close to 172 seems likely in short term.

XOM Apr 16, 2021 60c

Chart starting to turn and a move back to 62.5 seems likely in near future.

 

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

 

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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