12/11/2023
stocks on watch this week:
NVDA 🦋 this looks like a bull flag on the daily timeframe. For calls above 480 looking for that of 488/490/495/497/500/506. Looking for puts below 470 if it completes the double top, with tgts of 465/457/453/450/440.
TSLA 🦋 this has been in a tight range holding the downside trendline really well. Looking for a break of the trendline below 240 with tgts of 237/232/230/226/223/218. Looking for calls above 247 with tgts of 250/253/258/260/266
NFLX 🦋 this rejected at its daily high perfectly. Looking for puts below 445 with tgts of 440/434/425/420/417/411/404/400. Calls above 460 with tgts of 464/470/473/480/485 above 485 it’ll be above the daily high and has room to 500.
SPX 🦋 this is right at the upper trendline and daily high of 4610. Looking for calls above this level for the break of the trendline and a move to 4638/4652/4665/4700/4727. Puts if we reject the 4600 level down to tgts of 4585/4560/4544/4535/4500/4557.
These are mostly all weekly tgts so can take some time to reach them but you can scalp it in between as well! Make sure you’re signed up to our newsletter!
We have CPI & FOMC this week so it will depend on what we get through this data prior to the market making the move! Will be risk off until then 🤍