Week of 04/19/2021

By iamtez -

Welcome back everyone. Hope you had a great weekend.

 

Last week was amazing follow through in lot of stocks. Banks had great earnings and that bodes well for growth earnings too. However number of stocks having good setup has definitely gone down dramatically. I believe we might have some sideways movement for week or two with more movement for stocks with earnings only. It is better to lighten up this week as we should get better entry in 1-2 weeks.

 

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

 

AMD Apr 23, 2021 85c

Chart looks good and a pre-earnings run up is likely to happen this week.

BYND Apr 23, 2021 140c

Chart looking good and a test to 50dma and 200dma near 144 seems likely in short term.

GS Apr 23, 2021 350c

Really nice run last week with good earnings. Chart still very strong and a test to ATH near 352 seems likely.

NVAX Apr 23, 2021 240c

Very strong chart. Had really nice move last week so hoping for a tiny pullback tomorrow to get this. A test to 243 seems very likely this week.

SE Apr 23, 2021 260c

Strong chart and a move to 261 seems likely.

 

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

 

SQ Apr 23, 2021 245p

Double top near 280 and a move back down to 245 seems likely.

 

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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