Sabato's Market Watchlist 8/2-8/6
Hey everyone! Welcome to my first watchlist with True Trade! I try to keep mine short and sweet by giving you the stocks I am watching and the key levels I find. The key levels can be used for entry/exit levels for trades both ways due to buyers/sellers sitting at these levels. Let's get right into it!
All levels below are based on a daily (yellow lines) or 30 minute chart (white lines). I approach charting by starting at daily and moving down to smaller time frames to find other intraday key levels.
1. Tesla: $TSLA
Tesla is always the best friend or worst enemy of traders... Here's how I see it:
Big move if we can break above $700. This has been key resistance time and time again. I am watching a break of $700 to the upside and a potential break of the daily trend on the downside if we have a flush. I am bias toward the upside. $690-695 has been a sell zone when trying to break 700.
30 minute chart:
Key levels downside: $686.2, 670.7, 668.2, 663.4
Key levels upside: $700, 702.8, 709.8
2. Moderna: $MRNA
Moderna has had a nice run recently. Here's how I see it:
The daily uptrend has been held the last few days, creating an ascending triangle. I am looking for a nice break of $358.7 then onto break 360. If this happens, we are headed for $362 and possible new highs for a breakout!
30 minute chart:
Key levels downside: $353.1, 350.5, 342.8
Key levels upside: $358.7, 360, 362, the moon!
3. Nvidia: $NVDA
Nvidia has been ranging for the most part the past 2 weeks. I will be keeping an eye out for a break of $200 for a bigger move to the upside. We could just see further consolidation. Always gotta read the market!
30 minute chart:
Key levels downside: uptrend line, $190, 186.3
Key levels upside: $197, 198.3, 200, 201.2
4. Advanced Micro Devices: $AMD
AMD has had a great run recently. A pattern I noticed on the daily is it has held the high of the previous day. I am looking to buy dips to these levels shown.
30 minute chart:
Key levels downside: $105.4, 104, 103, 101.3
Key levels upside: $107, new highs, the moon.
Bonus plays (try on your own):
Paypal: $PYPL: Watching to see if $275.6 is held. If broken, could see $270-268.5
Apple: $AAPL: "Will watch over $147 for upside play then $150 for new highs.
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 I'm 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**
**I AM NOT A FINANCIAL ADVISOR**
I can do this on and on for every stock , but the best way to get them live is by joining the chat ;) https://www.truetradellc.com/stock-signals-membership
Email: truetrade1313@gmail.com
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- Sabato