Sabato's Market Watchlist 8/30-9/3
Updated: Sep 5, 2021
Hey! Welcome back everyone! Hope you all had a great weekend! This week, I'll again highlight some of my stock picks which I will be watching. I will give key levels of support and resistance along with an ideal entry point for both the upside and downside (psssst.. those are usually the key levels). Check out my recap from last week where members profited mucho dinero from picks our analysts alerted live! Anyway, I can't wait to help you guys profit this week too! Let's get right into it!
As usual, all levels below are based on a daily (yellow price levels in images) or less than daily chart (white price levels in images). I approach charting by starting on a daily time frame and moving down to smaller time frames to find other intraday key levels. When the market is open and trading is live, I like to bring up a 5 minute and 1 minute chart to time entry as price is coming into my level.
Side note: In images, bue line is 20 day SMA, yellow is 50 SMA, and green is 200 SMA, where SMA = Simple Moving Average.
1. Boeing: $BA:
$BA has taken a dip lately, but had put in some support around $216 and made some higher highs on a daily. Also, there is clear resistance zone from $221-223 on a daily. I like this one on a break of $223.1 for a long (calls) play on the upside. Ideal entry would be retrace to $221.2 or even a bit lower to $219.1 if sellers step in. If we break $223.1, we could see $226 and $229. Break below $216 and we may test uptrend again.
Daily chart:
30 minute chart:
Key levels upside: $223.1, 226
Key levels downside: $216, 219.1, 221.86
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2. Facebook: $FB:
$FB has been ranging before a slight dip 2 weeks ago. Last week, we moved higher and settled a bit over $364.4 area. We had a nice move Friday and broke previous 2 days' resistance. I'm looking for a break of $373.3 for a move to 375 then highs of 377. Best confirmation is commanding break of a daily close over $375. Ideal entry would be a dip to 372 area of even 369.2. Open above $373.3, we may be off to the races outta the gate! Break below $351 would indicate weakness.
Daily chart:
30 minute chart:
Key levels upside: $$373.26, 375, ATH (all time highs)
Key levels downside: $372, 369.15
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3. Advanced Micro Devices: $AMD:
$AMD had held the $106.8-107.4 area since it's recent run up then slight sell off. We also have a nice uptrend being held on a daily. We had a nice strong day of buyers on Friday as well, tapping so close to that $112 resistance for the third time. I am favoring a break of $112 with 112.5 as a quick first target and then we could see $115. Ideal entry would be a retrace to $110.9 area, which was support on Friday after it's run up. Break below support zone mentioned would indicate weakness.
Daily chart:
30 minute chart:
Key levels upside: $112, 115, 116.7
Key levels downside: $109.45, 110.9
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4. Marathon Digital Holdings: $MARA:
$MARA has seen some nice movement back to the upside recently and a small consolidation took place last week. On Friday, we broke the top of this weekly consolidation from the previous 4 days. I'm looking for a continuation as there is a lot of space to be filled above $40. I'm looking for a break of $41.19 for an entry on calls. This can ride up to 42.14 and then $44 area. On the downside, we'd need to hold the bottom of the resistance turned support range from last week, around $39. Best entry would be a dip to $39.15 area. Break of $36-35.5 on the downside could lead us back down to $34.
Daily chart:
30 minute chart:
Key levels upside: $41.19, 42.1, 44.
Key levels downside: $37.8, 39.7
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Bonus plays:
$TSLA: $720 is resistance, wedge on the daily has formed. Alerts set for $717 and $700.
$ROKU: Watch break of $360 then $368-370 area
$DKNG: Break of $60.4 on upside.
Enjoy. Please comment below or DM me on Instagram/Discord for more help. I'm happy to help for free when others will charge hundreds of dollars for their courses, etc. Maybe one day I'll have to put together a mini e-book.... who knows. Thanks for reading! Remember to stick to your rules this week!
-Sabato
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: spdascobiz@gmail.com
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