Stocks to Watch this week (8/16)

Week of 8/16/21

Overall Sentiment for the week: Neutral as many stocks and indexes are near all time-highs, attempting to re-test all-time highs, or in consolidation post earnings. Same sentiment as last week.

***Apple (AAPL)***

**Summary**: Looking to potentially break ATH’s. All analysis is based on the Daily chart but the Weekly chart is posted for additional reference. Here are some scenarios for the week:

  • Long/Calls: A break and close above 150 or a bounce off 148.25 with targets of:
  • 151, 152.5, 153.3, 155.75  (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 148.25  or rejection of 150 with targets of:
  • 147.3, 146.5, 145.6, 144.75 (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**:

  • MOVING AVG: Currently riding above the 72 EMA and the 4 Period Variable MA = Neutral to Cautiously Bullish
  • RNNR Spotter: Last signal was a Potential Uptrend on Thursday. Look for a break of levels mentioned above for continuation of current trend and/or another confirmed buy or sell signal
  • RNNR Momentum: Still in Bullish territory and trying to curl up iin the short term. = Cautiously Bullish to Neutral
  • On Balance Volume w/ Bollinger Band & EMA: Above its 21 & 72 EMA and pointing up. = Cautiously Bullish to Neutral

1D & Weekly Chart: https://www.tradingview.com/x/FJ08AB7r/ 

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

**Summary**: Has been on a nice run as of late but looks to be cooling before another leg up or breaking down further. All analysis is based on the Daily chart but the Weekly chart is posted for additional reference. Here are some scenarios for the week:

  • Long/Calls: A break and close above 112 or a bounce off 108 or 106 with targets of:
  • 114.5, 116.3, 117.7, 119 (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 108 or rejection of 112 or 115 with targets of:
  • 106, 104, 102, 99 (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**:

  • MOVING AVG: Currently sideways at the 4 Period Variable MA and its above the 21,50, & 72 EMA = Cautiously Bullish
  • RNNR Spotter: Last signal was a Sell on Thursday but buyers stepped in Friday. Look for a break of levels mentioned above for continuation of current trend and/or another confirmed buy or sell signal
  • RNNR Momentum: Still in Bullish territory with weak sellers. = Cautiously Bullish to Neutral
  • On Balance Volume w/ Bollinger Band & EMA: Above the 21 & 72 EMA and pointing up but nearing the top of the bollinger band = Cautiously Bullish to Neutral

1D & Weekly Chart: https://www.tradingview.com/x/6VUjzWOW/ 

***Paypal (PYPL)***

**Summary**: Post earnings consolidation happening. But may try to fill the large selloff gap over the next couple of weeks (Pending market sentiment). All analysis is based on the Daily chart but the Weekly chart is posted for additional reference. Here are some scenarios for the week:

  • Long/Calls: A break and close above 276 or a bounce off 273.3 or 272.3 with targets of:
  • 277.5, 279.25, 282.5, 284.5 (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 274.25 or rejection of 276 with targets of:
  • 274.25, 273.3, 272.3, 270.5, 269.5 (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**:

  • MOVING AVG: Currently below the 4 Period Variable MA and below the 21,50, & 72 EMA = Cautiously Bearish to Neutral
  • RNNR Spotter: Last signal was a Potential Downtrend on Thursday but buyers stepped in Friday and were rejected at key levels. Look for a break of levels mentioned above for continuation of current trend and/or another confirmed buy or sell signal
  • RNNR Momentum: Just curled into bearish territory with weak sellers. = Cautiously Bearish to Neutral
  • On Balance Volume w/ Bollinger Band & EMA: Below the 21 EMA bu above the 72 EMA and pointing up = Cautiously Bullish to Neutral

1D & Weekly Chart: https://www.tradingview.com/x/Ewo3BzZZ/ 

***Lyft (LYFT)***

**Summary**: Post earnings consolidation happening. But may try to fill the large selloff gap over the next couple of weeks (Pending market sentiment). All analysis is based on the Daily chart but the Weekly chart is posted for additional reference. Here are some scenarios for the week:

  • Long/Calls: A break and close above 54.4 or a bounce off 52.4 or 51 with targets of:
  • >55.75, 56.75, 58.75, 60   (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 53 or rejection of 54.4 with targets of:
  • 52.4, 51, 49.5, 47.25 (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**:

  • MOVING AVG: Currently riding sideways at the 4 Period Variable MA and below the 21,50, & 72 EMA = Cautiously Bearish to Neutral
  • RNNR Spotter: Last signal was a Potential Uptrend early last week. Look for a break of levels mentioned above for continuation of current trend and/or another confirmed buy or sell signal
  • RNNR Momentum: Currently in Bearish territory but with buyers slowly stepping in. = Cautiously Bearish to Neutral
  • On Balance Volume w/ Bollinger Band & EMA: Below the 21 EMA & 72 EMA and pointing down = Cautiously Bearish to Neutral

1D & Weekly Chart: https://www.tradingview.com/x/1EWZipxS/ 

***Starbucks (SBUX)***

**Summary**: Post earnings consolidation happening. But may try to fill the large selloff gap over the next couple of weeks (Pending market sentiment). All analysis is based on the Daily chart but the Weekly chart is posted for additional reference. Here are some scenarios for the week:

  • Long/Calls: A break and close above 117.3 or a bounce off 115.4 or 112.75 with targets of:
  • >118.75, 120, 121.5  (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 115.4 or rejection of 117.3 with targets of:
  • 113.85, 112.75, 110.85 (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**:

  • MOVING AVG: Currently below the 4 Period Variable MA, below the 21 & 50 EMA, but has found support on top of the 72 EMA = Cautiously Bearish to Neutral
  • RNNR Spotter: Last signal was a Potential Downtrend + Sell early last week but buyers have stepped in as of late. Look for a break of levels mentioned above for continuation of current trend and/or another confirmed buy or sell signal
  • RNNR Momentum: Just curled into Bearish territory but with weak sellers present. = Cautiously Bearish to Neutral
  • On Balance Volume w/ Bollinger Band & EMA: Below the 21 EMA & 72 EMA and pointing up = Cautiously Bearish to Neutral

1D & Weekly Chart: https://www.tradingview.com/x/U0oECPs8/ 

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