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

1. TWTR
2. AMC
3. GME
4. ARDX
5. VERU
6. NKTX
7. LGVN
8. ITP
9. VLON
10. DOGZ
11. TKLF
12. SNDL
13. MULN
14. HYMC
15. GFAI
16. NILE

Oil Stocks to Watch for a Reversal

1. INDO
2. HUSA
3. IMPP
4. ENSV
5. CEI
6. USWS
7. MXC
8. MARPS

Earnings

5/2/22

1. SIX
2. EXPE
3. MGM

5/3/22

1. PFE
2. HLT
3. AMD
4. ABNB
5. SBUX
6. LYFT
7. CZR

5/4/22

1. MRNA
2. CVS
3. MAR
4. UBER
5. ETSY

5/5/22

1. SHOP
2. CROX
3. PENN
4. W
5. FUBO
6. OPEN
7. NET
8. WISH
9. DASH

5/6/22

1. DKNG
2. UA, UAA
3. CI
4. GT
5. CNK

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-Cheers

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