Stocks to Watch This Week (6/14)

Post Sponsored by RNNR Spotter Trend Algo

RNNR Spotter’s proprietary trend algorithm script uses a combination of indicators and data to generate accurate buy and sell alerts.

Here is our list of five stocks to add to your watchlist this week. 

***S&P 500 (SPY)***

**Summary**: Looking to keep the party going or the fun police will come bursting through the door this week. Here are the scenarios below. Also I used Fibonnaci extensions to plot potential upward resistance targets since we are at ATH’s.

  • Long/Calls: A break and close above 425 with targets of 427.5, 430, 432.5 (Watch for potential rejections from these levels to go short to previous target and/or re-test)
  • Short/Puts: A break and close below 424 with targets of 421.5 (Major Support), 420, 419.5, 418.75, 417.5 (Major Support)
  • Also look for a potential bounce/reversal off 422.5 or 421.5 support level with Targets mentioned above.
  • Possible Consolidation between 422 & 427

**Indicators**:

  • EMA: Above 72 EMA & Above 4 Period Variable MA
  • RNNR Spotter: Last signal was Potential Uptrend on Friday. Be on the lookout for confirmed Buy Signal for continuation of trend or Potential Downtrend (To confirm reversal )
  • RNNR Momentum: Curling Up but Buying pressure is picking up. Thus indicating some bullish momentum in play
  • On Balance Volume w/ Bollinger Band & EMA: Just broke above its 9,21, & 72 EMA and is near the middle of the bollinger bands. There’s room for more upside in this instance.

1D Chart: https://www.tradingview.com/x/MN4jlx7Q/ 

***Apple (AAPL)***

**Summary**: Looking for Post WWDC volatility and price action.

  • Long/Calls: A break and close above 127.64 with targets of 129.6, 131.34, 134.93, 137  (Also Watch for potential rejections from these levels to go short to previous target and/or re-test)
  • Short/Puts: A break and close below 126.1 with targets of 125.35, 123.02, 121.75, 119.43
  • Also look for a potential bounce/reversal off 126.1 or 125.35 support level with Targets mentioned above.
  • Possible Consolidation between 127 & 132

**Indicators**:

  • EMA: Sitting at 72 EMA & Above 4 Period Variable MA
  • RNNR Spotter: Last signal was Buy on this past Wed. Look for a continuation of the trend on the breakout or potential downtrend signal showing a reversal (especially if it is near the levels mentioned above)
  • RNNR Momentum: Bearish but Curling Up. Buying pressure is picking up. Thus indicating some bullish momentum in play
  • On Balance Volume w/ Bollinger Band & EMA: Just broke above its 9 & 21. A brea above its 72MA will add to the confirmation of an uptrend. However a rejection of the 72MA takes us back down south.

1D Chart: https://www.tradingview.com/x/pzpbYvjV/

***Square (SQ)***

**Summary**: Lots of recent catalysts have appeared for Square in the crypto space. In addition, to the expansion of its product offerings. Also Cash App was added to the tip jar feature within Twitter. Let’s see what can happen

  • Long/Calls: A break and close above 221.8 with targets of 225.56, 230.63, 238.34, 244.85 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test)
  • Short/Puts: A break and close below 217.37 with targets of 214, 212, 208, 205
  • Also look for a potential bounce/reversal off 217.37 or 212 support level with Targets mentioned above.
  • Possible Consolidation between 217 & 225

**Indicators**:

  • EMA: Below the 72 EMA & Above 4 Period Variable MA
  • RNNR Spotter: Last signal was Potential Uptrend on Fri. Look for a continuation of the trend on the breakout or potential downtrend signal showing a reversal (especially if it is near the levels mentioned above)
  • RNNR Momentum: Bearish but Curling Up. Buying pressure is picking up. Thus indicating some bullish momentum in play
  • On Balance Volume w/ Bollinger Band & EMA: Just broke above its 9, 21, & 72MA but could reverse as shown from previous breakouts from these levels.

1D Chart: https://www.tradingview.com/x/m8jcfMgl/

***Roku (Roku)***

**Summary**: A few news catalysts with Roku as of late. Also this stock appears to be in a squeeze, which means we should see a massive move to the upside or downside any day now.

  • Long/Calls: A break and close above 357 with targets of 368, 381, 391 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before bounce higher)
  • Short/Puts: A break and close below 341.3 with targets of 325, 316, 304
  • Also look for a potential bounce/reversal off 341.3 & 325 support levels with Targets mentioned above.

**Indicators**:

  • EMA: Sitting at 72 EMA & 4 Period Variable MA (At same level which points to a squeeze)
  • RNNR Spotter: Last signal was Buy on Fri. Look for a continuation of the trend on the breakout or potential downtrend signal showing a reversal (especially if it is near the levels mentioned above)
  • RNNR Momentum: In a squeeze because bearish and bullish momentum hasn’t pushed in any one direction but is within a range
  • On Balance Volume w/ Bollinger Band & EMA: 9,21,72 MA are all in a line and the outer bands are really tight. Also indicating a squeeze

1D Chart: https://www.tradingview.com/x/sTCOxlVT/ 

***Target (TGT)***

**Summary**: I just went shopping there this weekend and it was packed. That’s the catalyst. Lets see what can happen since we are at ATH’s

  • Long/Calls: A break and close above 234 with targets of 236.8, 238, 242, 246 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test)
  • Short/Puts: A break and close below 231.5 with targets of 228/226, 220, 214.67
  • Also look for a potential bounce/reversal off 228 & 226 support level with Targets mentioned above.
  • Possible Consolidation between 217 & 225

**Indicators**:

  • EMA: Above the 72 EMA & Above 4 Period Variable MA = Bullish
  • RNNR Spotter: Last signal was Potential Downtrend on Thur. Look for a confirmed Sell signal for continuation or breach of levels above. If not then look for a continued Potential Uptrend Signal next
  • RNNR Momentum: Bullish but looking somewhat flat or potentially pushing down with seller momentum picking up in the short term.
  • On Balance Volume w/ Bollinger Band & EMA: Near the top of its bollinger band, indicating the current bullish uptrend. Needs to stay above 9MA to confirm continuation this week

1D Chart: https://www.tradingview.com/x/WMBfznaJ/ 

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts