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


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WEEK OF DECEMBER 21, 2020

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WEEK OF DECEMBER 7, 2020