News / Uncategorized
[Platinum Watchlist] (5.15.23) 4 stocks to watch
[Platinum Watchlist] (5.15.23) 4 stocks to watch
August 22, 2023
Good morning.
Futures are up this morning as the market is hopeful there will be a positive outcome with the debt ceiling discussions. Let’s look at the paper trade portfolio.
JCI has a slight rollover of the Stochastic and found support at the 9-day SMA on Friday. There will be some resistance around 62.98 and then 64.03.
CARR closed down on Friday and missed hitting the stop loss at 41.78. Support should be found at the 9-day SMA (that just crossed the 200-day SMA) and then 41.93 with resistance at the 50-day SMA. The RSI has fallen below the 50 level.
VCYT wicked down to the 200-day SMA where price action has found support. Upside resistance can be found at the 24.84 level.
We had a nice profit on SEDG last week and took advantage of a price action spike up. Price has somewhat stabilized and with all the oscillators in the green, this stock continues to meet the trading guideline criteria, Support will be at the 50-day SMA, and resistance will be at 309.
Range-bound patterns are defined by well-established support and resistance levels. Swing traders should consider using these levels as guides for identifying potential entry and exit points. Buying near the support level and selling near the resistance level can be effective swing trading strategies within a range-bound market. Understand and being mindful of the risks associated with trading during the first 30 minutes after the opening bell. This can assist you in making informed decisions and managing your risk exposure effectively.
We will watch the Horizons list for potential swing trade set-ups which will be added to the watchlist when appropriate. Both the Horizons and < 200 stock lists have been upgraded for this week.
I appreciate your membership in the Platinum Channel Have a great day!
This information is for educational purposes 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] (5.15.23) 4 stocks to watch
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] (5.15.23) 4 stocks to watch
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