News / Uncategorized
[Platinum Watchlist] (4.4.23) 1 stock that caught our eyes!
[Platinum Watchlist] (4.4.23) 1 stock that caught our eyes!
August 21, 2023
Good morning
We have ten stocks on the watchlist (which are analyzed above) and included in the Paper Trading Portfolio which can be difficult to manage especially with highly volatile markets.
The use of stock losses and sell limits can help to ease the burden of managing so many positions. The market can be volatile at the open as there may be a backlog of orders that have accumulated overnight, which can create a surge in trading volume and price fluctuations as those orders are executed.
During this time, traders may want to wait to put in an order until the market settles down and the initial surge of trading activity has passed. This can help avoid being caught up in the volatility and potentially executing orders at unfavorable prices.
Ultimately, whether or not to wait to put in an order after the market opens depends on the individual trader’s preferences and trading strategy. Some traders may prefer to wait and assess market conditions before placing orders, while others may prefer to enter the market quickly to take advantage of early price movements.
CVX had a huge gap-up yesterday due to the news that OPEC would be cutting production and has been moved up from the Horizons list. Price action leaped beyond the 200 and 50-day SMAs. All the oscillators are green. Support should be found at the 50-day SMA at 165.36. Sell orders will most likely be found at 174.41 followed by 178.06.
CVX was put on the stock watchlist because it meets the requirement of the trading guidelines. However, before paper trading this stock, be aware of the large gap that was formed due to the news out of OPEC.
As fast as this stock has risen, it can fall and fill that gap. As this is an educational channel, we use paper trades so members can learn from these situations and apply these lessons to their own trading strategy based on your risk tolerance.
This info is provided for education only and not a recommendation to buy or sell a stock.
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] (4.4.23) 1 stock that caught our eyes!
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 in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
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 in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
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] (4.4.23) 1 stock that caught our eyes!
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 in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
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 in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024