WEEK OF JANUARY 19, 2021
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
DADA - Dada Nexus Limited
Entry: above $44.38
Stop: $40.74
Experienced a big breakout run during their last earnings. DADA has recently recaptured the VWAPs from earnings and the recent peak, putting buyers back in control
DADA is also consolidating above the rising 50-day MA on the daily chart
Fairly large 33% short float
RVP - Retractable Technologies, Inc.
Entry: above $12.66
Stop: $11.02 or $10.57
RVP is currently holding above the VWAPs from the recent high and low and is above a rising 5-day MA
Recently bounced off the rising 50-day MA, where it has found support in the past
Another name with a decently large short float of 30%
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
AAPL - Apple Inc.
Entry: above $131.45
Stop: $126.23
AAPL is currently consolidating between the VWAPs from the recently low and highs. Still needs some time to setup as the 5-day MA is currently declining
Would like to see a move towards $131, hold a flat 5-day MA, then buy strength above $131.45 or so
WATCHLIST
Other names to watch this week with levels of interests to set alerts around
ACM - $54.44
ATI - $18.88
COTY - ~$7.50
FEYE - $23.75 - $24
FUBO - $35.50
HEAR - $22.85
HYFM - $73.00
LAZR - $33 - $34
VLDR - $24.67
