I wrote a post over the w/e noting many FX pairs are at key S/R levels but the same applies for some of the stocks on my watch list; charts below. Most of them are NASDAQ stocks.
CSCO: watch the ascending triangle trend lines and key $35 level here as this is HUGE S/R:
INTC: there has been a bullish break above the triangle here but watch $40 level for any new breakout as this is HUGE S/R:
MU: there has been a bullish break above the triangle here but watch $40 level here too for any new breakout as this is HUGE S/R on this pair as well:
YHOO: there has been a bullish break above the triangle here but watch the $60 level for any new breakout as this is HUGE S/R:
AMD: watch the wedge trend lines and the $15 is this is a huge S/R zone:
ANF: watch the descending wedge trend lines for any new breakout:
BAC: watch for any hold above the $25 level as this is huge S/R and watch also for any new wedge breakout:
CONN: there has been a bullish wedge breakout here so watch for any continuation:
CPB: watch the 61.8% fib for any continued support:
DB: there has been a bit of a weak wedge breakout here but watch for any continuation:
HRL: watch the wedge trend lines here for any new breakout:
M: ditto:
MRVL: there has been a new bullish triangle breakout here so watch for any continuation. The $20 is S/R here:
TWTR: there has been a wedge breakout here so watch for any continuation:
APOL weekly: watching the wedge trend lines here for any new breakout:
DGII monthly: watching the wedge trend lines here for any new breakout:
DSPG: watching the ascending triangle trend lines and key $13 level for any new breakout:
JASO: there has been a bullish break above the triangle here but watch the weekly 200 EMA and $10 level for any new breakout:
MGM: there has been a bullish break above the triangle here but watch the $35 level for any new breakout:
PTNR weekly: there has been a bullish break above the triangle here but watch the weekly 200 EMA and $6 level for any new breakout:
TTGT weekly: there has been a bullish break above the triangle here so watch for any continuation:
Thankyou MAry, your contribution is most appreciated to a beginner myself.
Pete.
My pleasure Pete,
Just FYI:
# I’ve opened a few Put positions on some of these today: MU, MGM and BAC.
# I’ve already got positions on INTC, CSCO, CONN, TWTR and AMD.
Cheers,
Mary
Mary , are you selling puts with a view to possibly being exercised at a lower price or are you bearish and buying?
Hi Nick,
I’m selling Puts to take premium but happy to be exercised and then take stock at a lower price.
If assigned, I then sell Calls. This is what I’ve been doing on TWTR, CONN and AMD of late.
Hope that helps.
Cheers,
Mary