WEEK OF DECEMBER 21, 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
CAKE - The Cheesecake Factory Incorporated
Entry: above $38.19
Stop: $36.54
The 200-day MA has flattened out and started to rise - this could attract some longer-term buyers in this name
More recently, the $38.19-level has been tested multiple times. With a rising 5-day MA and a potential higher-low in place, CAKE could be poised to breakt his level and make a move higher
FUTU - Futu Holdings Limited
Entry: above $45.15
Stop: $41.72, worse case $40.18
Big winner this year and has been holding on its recent gains well
Getting above the VWAPs from the peak and recent earnings near $45 could get it going
Some caution here has there have been some false starts, especially in the morning. I’d recommend not chasing any morning gaps
FUV - Arcimoto, Inc.
Entry: above $14.37 ($14.20 - $14.60 range)
Stop: $11.72
FUV still needs to clear the VWAPs from earnings and the peak in the $14.20 - $14.60 range, but it has been building energy at the rising 20-day MA and 5-day MA
I’m involved in some already from $12.50 and will look to add if it clears the VWAPs overhead
PLTR - Palantir Technologies Inc.
Entry: above $27.45
Stop: $25.04
There are a lot of eyes on this stock and has gotten a lot of attention since its IPO
Range has been tightening and the 20-day MA just caught up with it
Getting above last Thursday’s consolidation high would also get above the relevant VWAPs and pull the 5-day MA higher, which could lead to a nice move to the upside
VFF - Village Farms International, Inc.
Entry: above $10.41
Stop: $9.52 or $9.04
Experienced a strong breakout and a pullback to the the rising 20-day MA
Recaptured the 5-day MA last week and holding above. Could get going above 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
RYAM - Rayonier Advanced Materials Inc.
Entry: above $6.85
Stop: $5.97
RYAM has retraced 50% from the highs of its breakout move last month
Still needs some time to setup. We’ll want to see the 5-day MA start to flatten out and some consolidation before breaking above the VWAP off the peak near $6.80
WATCHLIST
Other names to watch this week with levels of interests to set alerts around
ADP - $8.66, stop $8.16
ATI - $16.75
BLDP - needs a pullback to $20.50 - $21, then buy strength
CGC - $27.10
COTY - $7.08
CRSP - $152.50
CRSR - looking for a pullback towards $37.50
CRUS - $82.00
D (short) - $75 - $74
DADA - $44.00
DKNG - looking to add near $54.60
FCEL - $9.20-ish
LI - $33.50, VWAPs AT $35.70
LSF - $52.00
LVS - $58.41, stop $56.23
MRNA - $152.00
NAVI - $9.70 - $9.90
NIO - looking for a pullback towards $45 after running 20%. Looking to buy strength around $47.50 - $48
NIU - $30.30, stop $27.72
NVAX - $132.50
OPK - $4.71 or above 1 & 2-day VWAPs
RKT - looking to add araoound $22.20
RXT - $20.50
SNOW - $246.88
UBER - $52.00
VIPS - looking for a pullback towards $25
XPEV - $51.24
YALA - $18.85, stop at $15.63
