The TradeXchange

Wednesday, December 2, 2020

WATCH LIST 12/03/2020

 BA- first 737 Max fight by AAL and Ryanair potential 737-Max order pushed the stock today to $225 resistance area. The stock is on high alert for potential breakout of the $225 range. Long from $160's, after recycling shares new average is $199. Long Term Hold. 


CMPS - Continuous positive relative strength being observed as low 50's look like resistance short term, looking for a remount of $50 to continue positive trend. Sold 2/3 of position above $53 recently and started to re-build bellow $50. After rebalancing position average is now is $40.32, will add on the way up, at the moment position is 1/3 of full size. NOT adding if follow through fails.


CRWD- Company reported an impressive earnings report. I opened a feet wet position at low $140's before earnings and will definitely add more shares as long as it holds above $150. It would not surprise me if we see $200 before year end. It hit $160.50 afterhours. Long Term Position.


TLRY- Cannabis stock being driven by momentum on vote to decriminalize marijuana. Technical analysis shows frontside price action on the daily with MACD crossing to the upside and 50 day moving average creeping up for a golden cross. This is purely a swing trade with targets above $10. Long

WWR- EV Battery play with a clear view of a cup/handle pattern on daily. EV stocks have taken a breather lately with large percentage retreats whereas WWR has stayed with a high relative strength. This is another swing play with targets above $8. Long


Other stocks on Backburner 
SPCE PINS KERN AXAS APPN

                                                       NOT a financial advisor. NOT investment advice.
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