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[Platinum Watchlist] (4.25.23) 5 Stocks keeping a close eye on!
[Platinum Watchlist] (4.25.23) 5 Stocks keeping a close eye on!
August 22, 2023
Good morning. Futures are down this morning. The Paper Trade Portfolio maintains several positions.
EW closed above its resistance line yesterday. The next level of resistance will be found around 90.71. There will be support around 86.54 and then the 9-day SMA.
DVA hit a sell limit order at 86.02 where 1/2 the position was taken off the table for a gain. The portfolio still maintains a 1/2 position with a 86.02 cost basis. The next level of resistance will be 90.36 with support at cost basis and then the 9-day SMA.
ROST is trading between a narrowing wedge between the 20-day EMA and the 50-day SMA. There will most likely be limit sell orders around the 50.
BRKB has continued its steady uptrend. I’ll be looking for some more set-ups this morning.
TT was on the Horizons List. TT found support at the 20-day EMA with resistance at the 50-day SMA. There is a rising MACD and Stochastic. The 9-day SMA is ascending along with the 200-day SMA. Be cautious when entering a position as the markets look to be opening lower this morning.
This information is provided for educational purposes only and is not a recommendation to buy or sell a stock. @Platinum (edited)
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