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[Platinum Watchlist] (4.21.23) Stocks on our radar!
[Platinum Watchlist] (4.21.23) Stocks on our radar!
August 22, 2023
Good morning.
It’s Friday and markets are undecisive this morning as we continue with earnings seasons.
We currently have two stocks remaining in the portfolio: BRKB and DE. We are continuing to watch IVZ for improving conditions.
As it is Friday, I’m hesitant to initiate any new positions prior to the weekend.
EW is on the Horizons list and has had a couple days closing above the 200-day SMA. There is still a negative crossover of the Stochastic. There is a level of resistance at 87.13 which has been a price action challenge over the past few days. If the price can move past this level with confirmation, the next level of resistance will be 88.84.
Also keep an eye on the RSI which is rolling over slightly.
Market conditions are choppy, so follow your trading plan and initiate the proper risk management for each position you may enter.
Have a great day. This information is being provided for educational purposes and in not a recommendation to buy or sell a security.
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