News / Uncategorized
[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.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Watchlist] (3.30.23) 7 Stocks on the rise!
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Watchlist] (3.30.23) 7 Stocks on the rise!
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
Trent Grinkmeyer
July 23, 2024