Skip to content

News   /   Uncategorized

[Platinum Watchlist] (3.29.23) 7 Stocks we are looking at this week!

[Platinum Watchlist] (3.29.23) 7 Stocks we are looking at this week!
August 21, 2023

Good morning  

PFGC again found resistance at the 50-day SMA and wicked up just below the 59.02 level where sell limits were placed. Our sell limit was hit at 58.50 for a 2.67% gain or $152.00 on a 100-lot position. Oscillators are still green and price action is above all the major SMAs. Resistance is still at the 50 with support at the 20-day EMA.  

ABBV closed up .45%. Price action is above the major SMAs, and all the oscillators are in the green. Support is the 9-day SMA while there should be some resistance at the 159.50 level followed by 163.10. We still maintain a 1/2 paper trade position.   

AJG closed up .39% after hitting support at the cost basis at 185.66. Resistance will be seen at about 189.03. All oscillators remain in the green.  

KO closed up .11% just above the cost basis of 61.38. Support will be the 200-day SMA where stop limits will be found around that level. Resistance will be found at 62.37 where traders may find some sell orders. All the oscillators are in the green with price action above the SMAs.  

KHC closed down just above the 20-day EMA where support lies. The next level of support will be the 200-day SMA. Resistance will be at the 50-day SMA at 39.22. The RSI has moved below the 50 level so set stops to match your risk tolerance level.  

PPH closed just below the cost basis of 76.59. Resistance is the downward sloping 50-day SMA and support can be found around the 20-day EMA. The oscillators are all green. Price action need to move beyond the 50-day SMA to maintain positive momentum.  

DOW had a 1 candle close above the 200 SMA which is now support where we may find stops. Resistance will be found at the 20 EMA at 53.32 followed by 54.24 where we may find sell limits. Note that the RSI is below the 50 level but ascending. The MACD and SS show a slight positive cross.   

Alway manage risk & defend your gains!  This information is provided for educational purposes and is not a recommendation to buy or sell a security.

Share this article:

More in Uncategorized:

Best of US Investors

Platinum Channel Swing Trading has EPIC Year in 2023

Experience remarkable trading success with the Platinum Channel! In 2023, our Swing Trading Program showcased an outstanding performance. With a...

Mark Willet in front of stock market with bull background

Mark Willet
January 7, 2024

‘I’ll Just Ride it Out’

Buy and holders justify losing money

Buy and holders justify losing money Yesterday I was in Birmingham visiting family and decided to go for a mountain...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
October 26, 2023

Markets Becoming Predictable?

How Market Markers Hedge

How Market Markers Hedge From my point of view, it is. Much of the market's predictability is due to the...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
October 24, 2023

Field Curve is Flattening | Recession Ahead?

This was meant to go out on Monday

This was meant to go out on Monday The yield curve has been much ignored here recently after its sizable...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
October 24, 2023

Best of US Investors

Best of US Investors Website | Discord Update


[Platinum Watchlist] (3.29.23) 7 Stocks we are looking at this week!
October 15, 2023

Best of US Investors

Best of Us Discord update


[Platinum Watchlist] (3.29.23) 7 Stocks we are looking at this week!
October 14, 2023

Register for the Best of US Investors Newsletter

Get daily financial news delivered to your inbox. Join today.

©2024 Best of US Investors. All rights reserved.

Site by KMA

Disclaimer

This Best of US Investors website is not and should not be considered investment advice. This Best of US Investors website is for informational purposes only. Nothing on this Best of US Investors website constitutes a recommendation to buy, sell or hold any security at any time. Always consult with a financial professional that is familiar with your specific situation before making any investment or trade.

Use of this Best of US Investors website is at your own risk. Best of US Investors makes no warranties about the accuracy, completeness or reliability of any content on this Best of US Investors website.

All the information on this Best of US Investors website is provided “AS IS”. Do not rely on any statements made on this Best of US Investors website.

In no event shall Best of US Investors be responsible or liable for any damage that occurs while using or reading any content on this Best of US Investors website.

Best of US Investors may have a position (long, short or neutral) in any security mentioned on this Best of US Investors website and therefore may realize significant gains in the event that the price of the security mentioned on this Best of US Investors website declines or appreciates.

Best of US Investors may buy and/or sell any security mentioned on this Twitter account at any time and for any reason. I may trade contrary or different to the information provided on this Best of US Investors website. You should assume that any email or post on this Best of US Investors website may cause the price of the security mentioned to appreciate or decline in a dramatic way.

Best of US Investors may continue to transact in any security mentioned on this Best of US Investors website an indefinite period of time after any email or post and such positions may be long, short or neutral at any time hereafter regardless of the initial view or positions stated on this Best of US Investors website.

In no event shall Best of US Investors be liable for any claims, losses, costs or damages of any kind including direct, indirect, punitive, exemplary, incidental, special or consequential damages, arising out of or in any way connected with any information presented on this Best of US Investors website. This limitation of liability applies regardless of any negligence or gross negligence of Best of US Investors or any company affiliated with Best of US Investors. You accept all risks in relying on the information presented on this Best of US Investors website.

If any statement in this legal disclaimer is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.

For more information, contact [email protected] .