Sabato's Market Watchlist 9/20-9/24


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Hey! Welcome back everyone! Again, to the ~30 of you ride or die folks... Please share with your friends who share your interests. You might get a free trial out of it. Who knows.

You know the deal: I present my technical analysis (TA) and provide some set ups I like for this coming week. Check out my recap from last week to sharpen your skills and see how my picks went. Check out the small account challenge another going on in the True Trade Discord too! That account is up more than 100%! Anyway, 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, blue line is 20 day SMA, yellow is 50 SMA, and green is 200 SMA, where SMA = Simple Moving Average where applicable.



1. Zillow: $Z


$Z is in a falling wedge pattern and has found support off $90 area twice now. A break above 21 SMA and $98 area would confirm further upside.


Daily chart:




Key levels upside: 21 day SMA, $98, $100


Key levels downside: buy zone around $90

 

2.Lululemon: $LULU


$LULU establishing a range between highs and 414 area. Looking for a break of either key level shown below. Massive gap up as well.



Daily chart:




30 minute chart:



Key levels upside: highs


Key levels downside: $414


 

3. Nike: $NKE


$NKE has been in a downtrend since hitting highs. It had that massive gap up last earnings. Earnings are this week. Let's see if we move back toward the gap before then.


Daily chart:




Key levels upside: $159.9, 163


Key levels downside: $156, buy zone, gap


 

4. Plug Power: $PLUG


$PLUG is similar to Zillow. Nice volume and break on Friday. Will be watching a break of $27 area. Could also reject and consolidate more considering market conditions.


Daily chart:




Key levels upside: $26.7, 27.3,


Key levels downside: $23.67, $23, trend.


 

Bonus plays: Remember to check these out for yourself (members get more info for free).


  • $TSLA: $760 area of resistance is the area to break next. Looking strong into $760 last week.


  • $BA: keeping on watch as it ranges. Alerts set at 216 and 210.



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 anything about anything really. 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


Instagram: https://www.instagram.com/basement_financials/


Website: https://www.truetradellc.com/

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