Yesterday has been a rather mediocre trading day with lots of ups and downs. Stocks like TSLA and NVDA from yesterday’s watch list provided great opportunities nevertheless. Let’s hope for even better action on these watches today:
Picture perfect continued long trend. Currently retesting yesterday’s high in pre-market trading. We will look for any confirmed continuation of this trend and join it long.
Tremendous rally the last four trading days. We do not know how far this can go. It is currently over yesterday’s high in pre-market trading already. Hence, we will be much more cautious. However, in case a clear long trend establishes, we will join it nevertheless.
MU rallied after breaking the 52 week high yesterday. We will closely monitor this trend for more upside.
By breaking the $39.00 price level yesterday, FSLR confirmed its $38.00 breakout. With this kind of trend throughout April and May, we will be on the lookout for even more upside on any confirmed intraday push. As we are currently experiencing a gap down to the $39.00 price level in pre-market trading, this could turn out to be a great red to green push.
After its initial drop below $40.00, MOMO consolidated for a couple of days before showing more downside yesterday. With the gap up in pre-market trading in mind, we will be looking for even more downside by joining a confirmed continued sell-off for a green to red move.
Tremendous rally yesterday and an additional well accepted earnings report during today’s pre-market trading. Plan is to trade this stock reactively.
Trading reactively after bad earnings report and announcement that they plan to close 100 to 125 retail stores.