Power Stock Setups
December 27, 2021
This weeks video covers mainly pullback plays. The are plays that either have been crushed in recent months and are very oversold or just recent days and are near potential support and short term oversold. The list of names are by no means an exhaustive list, but give plenty to go through this morning for ideas and opportunities.
Chart Highlights
Here are a few charts I pulled out and took a snapshot.
$ENPH very ovesold on daily and Weekly RSI just now resting the bull range
$CRWD right at potential weekly support and RSI 40 with a dialy divergence & some churning
$DDOG came right back into volume support with an oversold CFG. decent level to work against on a closing or even weekly close basis
$ZI zigzag paatern back to the weekly TO and previous daily breakout level
$VEEV came back and closed the gap and lost the weekly support level in the process, but trying to make a quick recovery. Big reversal pattern need confirmation
$DHI fast fall back to close the gap as the whole space was raided. Daily CFG solidly negative and RSI looks spikey. Weekly holding at the MA bands and in a RSI bull range
$INTU fell right back into the previous breakout and volume apex. CFG oversold on the daily with RSI at 32, Weekly solid RSI bull range and working on and RSI Positive Reversal pattern if this reversal gets confirmation
$MSFT a megacap leader taken out the last two weeks. It closed the daily gap and touched the previous breakout level with a now oversold CFG. Weekly RSI and MA bands not worried at the moment.
$NFLX with a deeply oversold daily RSI and CFG while the weekly is right at the RSI bull range test level of 40. Candle needs confirmation, but if the market can make this a multi-day move, this one is likely to play along.
$LULU has come back down pretty hard the last couple of months, but seeing a lot of buying off yesterday’s gap down. if it leaves a small island (abandoned baby) it would bode well for continuation back near the 380-400 zone to start with. RSI weekly is testing the bull range while the daily diverges..
VEEV, HUBS, APP, REGN, TTM, CRWD, DDOG, IDXX, ZI, ENPH, LSI, MTCH, LAD, PWR, ZBRA, ACN, NVDA, MMP, DHI, INTU, TT, ALGN, AVGO, DMLP, MSFT, ADSK, SHW, NFLX, CPRT, PLD, PANW, KEYS, ETSY, MRVL, DPX, TPX, SBAC, ATKR, MSCI, LULU, DXCM, AWK, NEE, CROX, ARGX
Above are just some names to consider as you plan the rest of this week. Please make sure you do your own due diligence and form a trade and risk management plan before considering any of these names. Otherwise consult a licensed advisor to help with your portfolio construction.
As always, I hope this helps!
