WEEK OF DECEMBER 14, 2020
Ready-to-go setups
These setups look ready to go early this week. Entries and Stops are suggestions and should be adjusted to your risk tolerance and timeframe you’re comfortable trading
APPN - Appian Corporation
Entry: above $156.43
Stop: $138.90
This one was on the watchlist last week and looks ready to go next week after a retest of the 20-day MA and the VWAP from earnings
This one should get going above Thursday’s high & the VWAP off the peak
CLDR - Cloudera, Inc.
Entry: above $12.43
Stop: $11.83
After a big volume gap-up on earnings, CLDR has been consolidating near the 5-day MA. Getting above the VWAP from earnings and Friday’s high could get going
Good trend alignment on the daily chart with rising 20, 50, and 200-day MAs
CYH - Community Health Systems, Inc.
Entry: above $8.87
Stop: $7.74
After consolidating for a few weeks, CYH looks ready to go above the VWAP from the peak and last week’s high
Stocks-to-watch
We never know what the market will give us, but we can anticipate and plan ahead. The following setups still need some time to develop over the next few days, so Entries and Stops are areas of focus rather than exact levels
DADA - Dada Nexus Limited
Entry: buy strength above $44.50 - $45.50
Stop: near $40.00
Last Thursday and Friday we saw buying after a pullback to the breakout level near $38 and the 50-day MA
DADA got a little extended last week after moving from $39-$44. Next week, look for a pullback towards $43-$42, then buy strength
FCEL - FuelCell Energy, Inc.
Entry: above $8.49
Stop: $7.48
Pulled back a little more than I would have liked on Friday and is now below the 5-day MA, which could start to turn lower, so some caution here
If FCEL can recapture the 5-day MA and get above the VWAPs off the recent highs near $8.40, it could get going and retest the highs
WATCHLIST
Other names to watch this week with levels of interests to set alerts around
BLDP - $20.36
BLNK - $29.75
BSX (short) - $33.00
CLNE - $4.59, stop $4.11
CRDF - $21 - $21.50
DKNG - $51.30
EXTR - $6.38
FNKO - $10.74, stop $9.44
FUTU - $45.00-ish
FUV - $14.50
MARA - $5.50
PLTR - $28.27
REGI - $62.57
RIOT - $9.60
RKT - $21.42 — overhead VWAP near $22.40
UAVS - $2.86