Watchlist 5/2/22-5/6/22
AMZN
AMZN triggered SSR on friday 4/29/22, hitting low of day (LOD) $2432.50 after reporting earnings on 4/28/22. Monday, we will see how AMZN moves under SSR. It can go one of two ways, drop to $2250-$2375 range or hold $2400 levels, and reclaim $2500-2600 levels.
AMZN has their 20:1 split coming up at the end of the month, so this huge drop is what long term investors look for, myself included. I mentioned in March that I will be looking to go long in May, heading into the split. I took a position on friday to go long. If I’m right, it will pay off. If I’m wrong, I’ll reposition and wait until it bottoms out to go long.
OST
OST, a new IPO, priced at $4 after debuting, is under SSR on Monday, hitting a low of $3.52 after hours on Friday. I took a position after hours to swing over the weekend. I will be looking for it to reclaim $4-$4.25 levels, and climb steadily towards the $5-6 range.
As you can see OST hit a HOD of $55 Pre-market on 4/28/22 before dropping. The risk:reward here is worthy of swinging long for me.
ATER
ATER hit high of day (HOD) $5.37 after hitting its intraday low of $4.85. Monday I’ll be looking for it to move above $5.40 levels to reclaim $6 levels. If there is a pullback, dip zone will be $4.61-$5.00. Watch for resistance between $5.30-$5.45 levels. End of week price target is $7-$8. They have earnings coming up next week on 5/9/22, so there should be some good momentum leading up to earnings.
SKYH
SKYH consolidated all day in the $7.60 levels. If there is a pullback on Monday, I will watch for $6.95-$7.42 levels. It would need to reclaim $8-$8.50 levels for the next leg up to $9-$10. Price target for end of week is $12-$15.
RDBX
RDBX hit high of day (HOD) after hours (AH) of $6.27 on Friday, 4/29/22. Dip zone levels are $5.38-$5.64. To trigger SSR for Monday and Tuesday, it would need to drop below $5.38. If it breaks that, the next dip zone will be $4.78-$5.00. Risk area is anything below that. If it breaks support levels, respect your stop loss. If it consolidates, forming higher lows, watch for the move into the $7-$8 range.
CYN
CYN hit high of day (HOD) $5.80 under SSR on Friday 4/29/22. Dip zone levels are $4.96-$5.22. To trigger SSR for Monday and Tuesday, it would need to drop below $4.96. If it breaks that, the next dip zone will be $4.41-$4.64. Risk area is anything below that. If it breaks support levels, respect your stop loss. If it consolidates, forming higher lows, watch for the move into the $6-$7 range.
DWAC
DWAC hit low of day (LOD) $49.26 but reclaimed VWAP into the close on Friday 4/29/22. Dip zone levels for Monday are $47.15-$50.08. To trigger SSR for Monday and Tuesday, it would need to drop below $47.15. Risk area is anything below that. If it breaks support levels, respect your stop loss. If it consolidates, forming higher lows, watch for the move into the $55-$65 range.
BBIG
BBIG hit high of day (HOD) $2.63 on Friday 4/29/22. Dip zone levels are $2.23-$2.36. To trigger SSR for Monday and Tuesday, it would need to drop below $2.23. Risk area is anything below that. If it breaks support levels, respect your stop loss. If it consolidates, forming higher lows, watch for the move into the $3-$3.25 range.
SBFM
SBFM hit high of day (HOD) $3.30 under SSR on Friday 4/29/22. Dip zone levels are $2.821-$2.91. To trigger SSR for Monday and Tuesday, it would need to drop below $2.67. Risk area is anything below that. If it breaks support levels, respect your stop loss. If it consolidates, forming higher lows, watch for the move into the $3.30-$4 range.
Others to Watch
- TWTR
- AMC
- GME
- ARDX
- VERU
- NKTX
- LGVN
- ITP
- VLON
- DOGZ
- TKLF
- SNDL
- MULN
- HYMC
- GFAI
- NILE
Oil Stocks to Watch for a Reversal
- INDO
- HUSA
- IMPP
- ENSV
- CEI
- USWS
- MXC
- MARPS
Earnings
5/2/22
- SIX
- EXPE
- MGM
5/3/22
- PFE
- HLT
- AMD
- ABNB
- SBUX
- LYFT
- CZR
5/4/22
- MRNA
- CVS
- MAR
- UBER
- ETSY
5/5/22
- SHOP
- CROX
- PENN
- W
- FUBO
- OPEN
- NET
- WISH
- DASH
5/6/22
- DKNG
- UA, UAA
- CI
- GT
- CNK
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-Cheers
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