Skip to content

News   /   Uncategorized

[Platinum Watchlist] (5.22.23) 4 stocks

[Platinum Watchlist] (5.22.23) 4 stocks
August 22, 2023

Good morning.

Markets have been flat this morning as they wait for news on the debt ceiling discussions.  There are a couple of potential set-ups this morning:

BWA had a full candle close above the 9-day SMA on Friday. All the oscillators are in the green, although look for more strength in the RSI. Price action will most likely find some resistance at the 50-day SMA at 46.87.

STX closed above the 200-dat SMA at 62.26. With resistance at 64.87, there is a $2.61 potential upside and a $1.23 potential downside to support at the 200-day SMA.

ANET had a one candle close above the 20 SMA. The RSI is rising but still under the 50 level. Friday’s closing price of 143.91 is just above the 20-day EMA and $3.35 below the resistance level at 147.20.

BRKB closed above all the critical moving averages and the MACD just positively crossed the signal line. Support is at the 9-day SMA.

Market open is always chaotic with potential wide price swings and larger spreads between bids and asks. Current market conditions are uncertain especially concerning the outcome of the debt ceiling discussions.

Always be patient and let the market come to you with set-ups that meet your trading plan and risk tolerance. If you enter a position, set stops correlated to your risk tolerance an utilize support and resistance levels to your advantage. When I enter a position, I try to set buy limits below the current price to see if I can enter at more of a sale price,

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:

Best of US Investors

Platinum Channel Swing Trading has EPIC Year in 2023

Experience remarkable trading success with the Platinum Channel! In 2023, our Swing Trading Program showcased an outstanding performance. With a...

Mark Willet in front of stock market with bull background

Mark Willet
January 7, 2024

‘I’ll Just Ride it Out’

Buy and holders justify losing money

Buy and holders justify losing money Yesterday I was in Birmingham visiting family and decided to go for a mountain...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
October 26, 2023

Markets Becoming Predictable?

How Market Markers Hedge

How Market Markers Hedge From my point of view, it is. Much of the market's predictability is due to the...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
October 24, 2023

Field Curve is Flattening | Recession Ahead?

This was meant to go out on Monday

This was meant to go out on Monday The yield curve has been much ignored here recently after its sizable...

Trent Grinkmeyer in front of stock market with bull background

Trent Grinkmeyer
October 24, 2023

Best of US Investors

Best of US Investors Website | Discord Update


[Platinum Watchlist] (5.22.23) 4 stocks
October 15, 2023

Best of US Investors

Best of Us Discord update


[Platinum Watchlist] (5.22.23) 4 stocks
October 14, 2023

Register for the Best of US Investors Newsletter

Get daily financial news delivered to your inbox. Join today.

©2024 Best of US Investors. All rights reserved.

Site by KMA

Disclaimer

This Best of US Investors website is not and should not be considered investment advice. This Best of US Investors website is for informational purposes only. Nothing on this Best of US Investors website constitutes a recommendation to buy, sell or hold any security at any time. Always consult with a financial professional that is familiar with your specific situation before making any investment or trade.

Use of this Best of US Investors website is at your own risk. Best of US Investors makes no warranties about the accuracy, completeness or reliability of any content on this Best of US Investors website.

All the information on this Best of US Investors website is provided “AS IS”. Do not rely on any statements made on this Best of US Investors website.

In no event shall Best of US Investors be responsible or liable for any damage that occurs while using or reading any content on this Best of US Investors website.

Best of US Investors may have a position (long, short or neutral) in any security mentioned on this Best of US Investors website and therefore may realize significant gains in the event that the price of the security mentioned on this Best of US Investors website declines or appreciates.

Best of US Investors may buy and/or sell any security mentioned on this Twitter account at any time and for any reason. I may trade contrary or different to the information provided on this Best of US Investors website. You should assume that any email or post on this Best of US Investors website may cause the price of the security mentioned to appreciate or decline in a dramatic way.

Best of US Investors may continue to transact in any security mentioned on this Best of US Investors website an indefinite period of time after any email or post and such positions may be long, short or neutral at any time hereafter regardless of the initial view or positions stated on this Best of US Investors website.

In no event shall Best of US Investors be liable for any claims, losses, costs or damages of any kind including direct, indirect, punitive, exemplary, incidental, special or consequential damages, arising out of or in any way connected with any information presented on this Best of US Investors website. This limitation of liability applies regardless of any negligence or gross negligence of Best of US Investors or any company affiliated with Best of US Investors. You accept all risks in relying on the information presented on this Best of US Investors website.

If any statement in this legal disclaimer is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.

For more information, contact [email protected] .