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[Platinum Watchlist] (1.18.23) 2 New Stocks on our watchlist for Swings
[Platinum Watchlist] (1.18.23) 2 New Stocks on our watchlist for Swings
August 21, 2023
Good morning!
We are seeing some green in the indices in pre-market this morning. In addition to the previous stocks on our list, I’m also watching:
CENX just closed above the 200-day SMA. The 9, 20 and 50 day SMAs are trending up and the indicators are positive. There is resistance at 11.96. Watch for price strength at open.
ENPH just closed above its 200-day SMA yesterday after price action pullback, however we still do NOT have a positive crossover of the MACD, and the RSI is well below the 50 level.
This is one to watch but not consider until we get confirmation by these indicators. I’m only including this stock to show what I’m looking for in potential swing trade set-ups.
Remember, this is just a watchlist, not a recommendation to buy or sell a security but a tool to be used for* educational* purposes to help you become a better swing trader. Always develop and utilize a trading plan (guidelines) and utilize stop limits to protect your gains and/or reduce your potential losses. In swing trading, we don’t fall in love with stocks, we just use them for our benefit and then move on.
Have a great day
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