Market Watchlist 11/1 - 11/5

Happy Halloween to anyone Reading this Sunday night. It is about to be the start of a new month this trading week, will we continue to float to new highs to end the year , or is something different in store.


Earnings are still in season , so let's go over a few I will have a close eye on this week.


(ALL TIME IS BASED ON PST)


(for all trades below I mention level hold, stop loss, etc, I'm using daily or hourly closes for stop losses or holds, you can trade the levels on an intraday basis !)



1. ROKU ($ROKU)

$ROKU - DAILY UNTIL 10/29


Roku has been looking much more weaker than the relative market. Will earnings save it , or is more downside in store. We saw a decent bounce off the 300's a month ago , and it looks like we will be there again very soon.

KEY LEVELS:

333.83 - A gap , it was technically filled , but a spot to watch out for back on the upside , until the 350's.

318.77 - Breakdown candle + 318-319 has been an important pivot over the last few weeks. After the initial bounce on 10/6 , buyers held the 318 zone , and then when we started to pull back down , buyers held it until that 10/29 breakdown. Needs to get back over this if we want momentum to start to flip again.

301.13 - A breakup candle that started out initial reversal from the pivot low about 2-3 weeks ago. Hasn't been tested , but look for buyers here on an initial move down.

284.18 - A important pivot from back in May. If ROKU getts falling , it may quickly just break thru this , especially with its recent trend. But would start looking for potential support in this general vicinity , the mid 280's. If that breaks , Ill try to get some other zones posted in real time.


2. QUALCOMM ($QCOM)

$QCOM - DAILY UNTIL 10/29


Qcom is set for earnings coming mid week. The chart itself is looking bullish , but how will the ER report effect it 👀.

KEY LEVELS:

137.81 - Breakdown candle , no restest yet , if buyers start holding 134 , likely the nxt target up here.

133.91 - The top resistance atm for the last few trading weeks. Top of the flag , break here would trigger some momentum back towards 138,especially if there is a positive ER reaction.

131.02- The current base support , buyers have held here for about 2 trading weeks , the bottom of the bull flag. As long as this level is holding , I would look to be a buyer, if we start getting under , it's not necessarily terrible in the bigger picture , but can definitely create some initial downside towards 129 zone.

126.06 - Breakup candle hat helped get our reversal in store from the lows, Any visit back her should ,at least initially, provide a buy opportunity. If ER goes bad , and we break look out for a test back into that 123 pivot.


3. AIRBNB ($ABNB)

$ABNB - DAILY UNTIL 10/29


Airbnb has been pretty sideways over the last few trading weeks , basically in a $3-$4 trading range per day. Can this next ER announcement get it moving again 👀. On the down side 160 is important to watch while on the upside 176.

KEY LEVELS:

182.75 - A breakdown zone from a few months back , that 18-182 zone did offer a lot of selling pressure. if buyers can claar here , this can also lead to a quick squeeze toward 190. If not definitely keep an eye out for initial short trades.

175.88 - Most recent upside resistance , breaking here can lead to a quick squeeze into the 180's ,especially if it is following some great ER reports.

166.7 - WWe have held slightly higher this past week off the 166.6 zone. This was be used as more of a midday pivot , if buyers are holding hover , look for upside , while if they start holding under especially on a larger time frame , it opens the gate for 160.

159.7 - The better support zone for the current ABNB range , util 160 can hold will look for continued buys , but under it trend is looking to flip back to the downside. If sellers hold under , the gate opens on the downside for 152 and the the 147 break up candle.

4. SQUARE ($SQ)

$SQ - DAILY UNTIL 10/29


Square is creeping back up to its former ATH's. Last earnings we saw that new high made , will this earnings give us the same momentum to make a new high? Buyers held 252 all last week and that can be a early week pivot , while sellers wanted to hold control off 265.

KEY LEVELS:

273.5 - Next upside level if break 265

264.77 - Has been consolidating under this level now for about 2 trading weeks , expect for one of the spikes early last week. if buyers can start holding over , it could be the start of the initial step to get us going back to all time highs.

252.2 - This has been the support zone over the last 2 trading weeks , buyers continue to buy, and this will be my early week pivot , ideally looking for long trades as long as the zone holds.

239.3 - On a gap down instance post ER , would like to see some initial buying around 240 , as it was the start of the most recent up run , while it technically started around 232 , but still both level will be important to watch. As well as looking at the gap 242.73


5. COINBASE ($COIN)

$COIN - DAILY UNTIL 10/29


Crypto has been on fire over the last 1-2 months again , with BTC and ETH hitting new all time highs. Coinbase is one of the leading crypto platforms and as a result of this crypto surge, we have seen it start to take off again. Earnings come out to close the week , and it will e greatly interesting to see how we react, a positive reaction can easily get us into new all time highs in the weeks to follow.

KEY LEVELS:

348.9 - Not a lot of price action occurred above 350 zone, in terms of volume at least , holds here and new highs are very likely. Buyers building up momentum over 350 opens the doors for blastoff. As the lack of volume can perhaps show even the lack of sellers, but we will have more information in real time if buyers =start trading over 400.

333.43 - Breakdown candle from around the IPO time , hasn't necessarily tested it yet , but has been rejecting lower around the 330 range , if we ca start getting over this

305.98 - Most recent support zone , earlier in the year 305-7 zone offered a lot of selling , we have recently broken back over thi zone in these last 1-2 trading weeks , and it has began to act as support. In the short term this 306 pivot will be important in deciphering which way we head.

293.34 - Already had a retest of this breakup candle , and it was respected. in case of a gap down after ER , watch here for potential buyers.


 

That's it for this week's list, if you have any questions don't hesitate to contact us or drop them below. These are just a few stocks im keeping my eye on this week, and as always, do your own due diligence and realize that their will always be risks associated with trading !


** THIS IS NOT FINANCIAL ADVICE**


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