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[Platinum Watchlist] (3.30.23) 7 Stocks on the rise!
[Platinum Watchlist] (3.30.23) 7 Stocks on the rise!
August 21, 2023
Good Morning
ABBV closed down .16% wicking down to the 9-day SMA which held as support. Resistance will be found around 161.16 where price action may encounter some sell orders. There was a slight roll-over of the Stochastic, otherwise the oscillators are still positive. The gain on this position is currently $3.45 / share.
AJG Closed up 1.33% finding resistance at the 50-day SMA where price action found some sell orders as predicted yesterday. Support is at the cost basis around 185.66. All the oscillators are in the green. Some traders would have taken a portion of their gains off at resistance; however, the market trend is up which I’m thinking will push price action beyond this resistance level. The gain on this position is $3.34 / share.
KO closed up .72% just below the resistance level of 62.09. Sell orders will be found around 62.53.Support remains at the cost basis at 61.35 followed by the 200-day SMA. Price is $0.51 above the cost basis.
KHC cLosed up .73% after wicking up to just under the resistance level at 38.94 where it found sell orders. Support is at the cost basis at 38.60. All the oscillators are green but would like to see more strength in the RSI. Price is up $.07.
DOW was up 1.3% finding support at the 20-day EMA. Resistance is at the 54.57 level. The RSI has fallen below the 50 level. Price is $0.69% above the cost basis.
PPH was up .21% fending support at the 50-day SMA. Look for some selling at the 77.52 level which will be resistance. All oscillators are in the green. Be mindful of the gap from 3 days ago.
BRKB is added from the Horizon list as the RSI moved above the 50 level. Support is at the 20 with resistance at the 50 where selling pressure will most likely be found. Utilize support and resistance as a part of your risk management plan! Have a great day.
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