WEEK OF SEPTEMBER 28, 2020
Ready-to-go setups
WMT - Walmart Inc.
Entry:
WMT has been pulling back from hits hights for the past couple weeks, but has slowed its decent and is looking good for an entry. Look to buy above 13779.
Stop at 13460.
Additional Info:
Keep an eye out for the two VWAPs overhead around 13935 - 13980 (light blue lines) for potential resistance.
WMT has had an orderly pullback to longer-term support on the daily chart.
Still setting up
TRTN - Triton International Limited
Entry:
TRTN needs a couple days of consolidation for the 5-day MA (yellow line) to flatten out. Look to buy above 3995.
Worst case stop at 3843. Tighter stop can go at 3894.
Additional Info:
Important VWAPs (ligth blue lines) to clear are at 3985 - 3995.
TRTN has has been holding onto its gains with its recent consolidation on lower volume on the daily chart.
VCEL - Vericel Corporation
Entry:
VCEL will need a couple days for the 5-day MA to flatten out before getting involved. Look to buy above 1870.
Stop below 1776.
Additional Info:
Great looking setup coming together with the tightening of the VWAP off the peak and VWAP from the start of the most recent move (light blue lines).
On the daily chart, VCEL a nice pullback / consolidation after breaking through longer-term resistance (light blue box).
WATCHLIST
AAPL - 5-day MA is starting to flatten out. VWAP from the peak at 11470.
AAXN - Will need the 50-day MA to flatten out before getting involved. Looking for further consolidation below 8900.
ADBE - Finding support at the rising 50-day MA.
ADNT (short) - 200/50/20-day MAs starting to decline.
AEO - Nice run recently, holding onto gains well. Watching for an entry to develop over the next week.
AMD - 5-day MA starting to flatten out. Keeping an eye out for an entry to setup.
BBY - Resistance at 110, level to watch.
CDAY - Testing resistance again at 7950. WIll need another pullback / consolidation before getting involved.
CDNS (short)
CGC (short) - Broke down from recent consolidation. Will need to settle down / bounce before getting involved.
CRWD - still holding onto some from last week’s trade.
DADA - VWAP from IPO has been acting as support.
DOCU - Back above VWAP from recent earnings.
EXPE - 5-day MA needs to flatten out. Potential entry above 9400, with stop below 9038.
FSLY - Nice consolidation above the 50/20-day MAs.
LOW - 5-day MA needs to flatten out. Potential entry above 16100.
MPLX (short) - Broke down through support at 1660.
ORCL - Holding up well from recent earnings / news.
PLAN
PS (short) - Watching the 1630-ish level
SDC - 5-day MA needs to flatten out. Watching the 1130-ish level for an entry.
SPT - Good consolidation above the 20-day MA.
SQ - Keeping an eye on the 15900 level.
TPR - Nice pullback, but below declining 200-day MA.
TRTN
VIAV - Trade from last week. Still looking weak.
WMT
ZS
*UNDERLINE = stocks I’m watching closely
