Stocks to Watch This Week (6/21)

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. 

Week of 6/21/21

***Tesla (TSLA)***

**Summary**: Lots of mixed sentiment news catalysts for Tesla as of late. So this is purely a play on technical analysis & price action. Here are some scenarios for the week:

  • Long/Calls: A break and close above 631 with targets of:
  • 658.5, 682, 700 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 612 with targets of:
  • 598, 580, 568 (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • EMA: Below the 72 EMA & Above 4 Period Variable MA = Short Term Bullish
  • RNNR Spotter: Last signal was Potential Uptrend on Fri. Look for a confirmed Buy signal for continuation of current trend
  • RNNR Momentum: Curling up with buying pressure/momentum in the short term from bearish territory.
  • On Balance Volume w/ Bollinger Band & EMA: Above its 9 & 21 EMA. Needs to break above its 72EMA for a confirmation of trend continuation.

1D Chart: https://www.tradingview.com/x/03ZiqcAQ/ 

***AMD (Advanced Micro Devices)***

**Summary**: Some bullish news Catalysts as of late with a breakout from consolidation. Expecting a continuation of the trend if the market doesn’t pullback this week. Here are some scenarios for the week:

  • Long/Calls: A break and close above 86 with targets of:
  • 87.6, 90.8, 94.3, 97.5 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 83.4 with targets of:
  • 82, 80.5, 78.5, 74.3 (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • EMA: Broke above the 72 EMA & Above 4 Period Variable MA this past Friday= Bullish
  • RNNR Spotter: Last signal was Potential Uptrend on Fri. Look for a confirmed Buy signal for continuation of current trend
  • RNNR Momentum: In Bullish territory with lots of buying pressure/momentum in the short term.
  • On Balance Volume w/ Bollinger Band & EMA: Above its 9, 21, & 72 EMA = Bullish

1D Chart: https://www.tradingview.com/x/P2GDlzBp/ 

***PLTR (Palantir)***

**Summary**: Some bullish news Catalysts as of late. Expecting a continuation of the trend if the market doesn’t pullback this week. Here are some scenarios for the week:

  • Long/Calls: A break and close above 26 with targets of:
  • > 28, 31, 33, 35 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 25 with targets of:
  • > 24, 22, 20, 18 (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • EMA: Recently Broke above the 72 EMA & Above 4 Period Variable MA this past Friday= Bullish
  • RNNR Spotter: Last signal was Potential Uptrend on Fri. Look for a confirmed Buy signal for continuation of current trend
  • RNNR Momentum: In Bullish territory with lots of buying pressure/momentum in the short term.
  • On Balance Volume w/ Bollinger Band & EMA: Above its 9, 21, & 72 EMA but pointing down = Short Term Neutral

1D Chart:https://www.tradingview.com/x/b9Wlhu5a/

***U (Unity Software)***

**Summary**: This one has been consolidating for a while and looks ready to make a big move, pending the market doesn’t pullback more this week. Here are some scenarios for the week:

  • Long/Calls: A break and close above 106.5 with targets of:
  • > 114, 126, 137 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 102 with targets of:
  • > 98.25, 88.25, 77.3 (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • EMA: Recently Broke above the 72 EMA & Above 4 Period Variable MA this past Friday= Bullish
  • RNNR Spotter: Last signal was Potential Uptrend on Fri. Look for a confirmed Buy signal for continuation of current trend
  • RNNR Momentum: Just recently hit Bullish territory with buying pressure/momentum in the short term. However the momentum is strong enough yet for a big push unless we get the levels mentioned above
  • On Balance Volume w/ Bollinger Band & EMA: Above its 9, 21, but below its 72 EMA and pointing up = Short Term Bullish

1D Chart: https://www.tradingview.com/x/kGG4ydT5/ 

***SQ (Square)***

**Summary**: Looking for a continuation of the current trend after a recent pattern breakout, pending the market doesn’t pullback more this week. Here are some scenarios for the week:

  • Long/Calls: A break and close above 240 with targets of:
  • > 245, 250, 257, 265 (Also Watch for potential rejections from these levels to go short to previous target and/or re-test before a breakout)
  • Short/Puts: A break and close below 233 with targets of:
  • > 230, 225, 221, 217 (Also Watch for potential bounces from these levels to go long to previous target and/or re-test before a breakdown)
  • Possible Consolidation between breaking level and 1st target on the Long or Short side pending which happens first.

**Indicators**:

  • EMA: Recently Broke above the 72 EMA & Above 4 Period Variable MA this past Friday= Bullish
  • RNNR Spotter: Last signal was Potential Uptrend + Buy on Fri. Look for a break of levels mentioned above for continuation of current trend
  • RNNR Momentum: Just recently hit Bullish territory with buying pressure/momentum in the short term. However the momentum is not strong enough yet for a bigger push unless we get the levels mentioned above
  • On Balance Volume w/ Bollinger Band & EMA: Above its 9, 21, & 72 EMA and pointing up = Short Term Bullish

1D Chart: https://www.tradingview.com/x/RA9sUTsw/ 

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