WEEK OF AUGUST 24, 2020

Ready-to-go setups

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15 minute chart

CNSL - Consolidated Communications Holdings, Inc.

Entry:

• Look for a small pullback to 5-day MA (gold line), then buy above 814

• Stop below pullback low to & 5-day MA OR stop at 776

Other info:

• Up against VWAP from recent peak (blue line) - will put buyers back in control above this VWAP

• Above the flat-to-rising 5-day MA

• 20-day, 50-day, 200-day MA aligned

• Has room to run on the longer-term chart

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Early-to-Midweek setups

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15 minute chart

FOSL - Fossil Group

Over the next couple days:

• Look for a FOSL to get back above the 5-day MA (gold line) and test the 569 level

• Look to buy strength above 569

• Stop(s) at 513 or below 5-day MA

Other info:

• Nice consolidation on the daily chart above the 200-day MA

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15 minute chart

NIU - NIU Technologies

Over the next couple days:

• Look for a NIU to trade above a flat-to-rising 5-day MA

• Unclear where to enter yet, but watching the 2045-ish level

• Stop(s) at 1898 or a higher-low below the 5-day MA

Other info:

• Looks to be consolidating above the 50-day MA, possibly building energy for another push higher

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15 minute chart

IGT - International Game Technology

Over the next couple days:

• Look for a IGT to trade above a flat-to-rising 5-day MA

• Looking to purchase on strength above 1062 (green line)

• Stop at 1026 (red line)

Other info:

• Currently holding above the VWAP from the recent earnings report

• Lower confidence trade as it looks stuck below a declining 200-day MA on the daily chart

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Watchlist for the week

• ABR

• ADNT

• ADT

• ADVM

• APPN

• BIGC

• BILI

• CFX

• CLDR

• CNSL

• DLPH

• EDIT

• ENTG

• ETSY

• EVTC

• EXPE

• FOSL

• IGT

• IMMU

• MGM

• NIU

• SGMS

• STAG