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THREAD | 20 STOCKS PULLING BACK, BASING or NEAR MA
$ZM $TDOC $DOCU $TCEHY $UBER $PLTR $GDRX $TTD $NET $DDOG $CRM $FSLY $FB $PINS $ZI $AMZN $NFLX $SE $JD $BABA
Leaders offering or about to offer interesting setups (to grab shares).
Some 2021 names or new portfolio adds...?
$ZM $TDOC $DOCU $TCEHY $UBER $PLTR $GDRX $TTD $NET $DDOG $CRM $FSLY $FB $PINS $ZI $AMZN $NFLX $SE $JD $BABA
Leaders offering or about to offer interesting setups (to grab shares).
Some 2021 names or new portfolio adds...?
1) $ZM - $353.75, a three month base trading between the 50d and 200d ma. Support near the 200d is ideal (bottom of base?). I own shares
Chart via @MarketSmith
Chart via @MarketSmith
2) $TDOC - $198.98, the 50d and 200d ma’s are converging in a 6 month sideways pattern for price. Once a stock folks said would not visit the 200d, but here we are. Institutional funds love the stock. I own shares
Chart via @MarketSmith
Chart via @MarketSmith
3) $DOCU - $228.16, a slightly rising sideways six month base as it rides the 50d ma. Will the 200d close the gap?
Chart via @MarketSmith
Chart via @MarketSmith
4) $TCEHY - $69.86, eight weeks since the all time high as the stock pulls back towards the 200d ma. I own shares.
Chart via @MarketSmith
Chart via @MarketSmith
5) $UBER - $52.27, basing sideways over the past 6 weeks after the 50% run. Closing the gap with the 50d ma. I own shares.
Chart via @MarketSmith
Chart via @MarketSmith
6) $PLTR - $24.66, basing the past 5 weeks after the 200% run to highs. Let’s see if it breaks out of this consolidation or waits for 50d ma to catch up. I own shares.
Chart via @MarketSmith
Chart via @MarketSmith
7) $GDRX - $42.15, now 34% off highs post IPO but looks to have put in a bottom. Sales QoQ look great. Still deciding direction (lower with 50d ma or can it make a break). Interested in grabbing. 2021 candidate.
Chart via @MarketSmith
Chart via @MarketSmith
8) $TTD - $820.29, back at the 50d ma in what’s been an unbelievable run the past several years (especially 2020). I own shares.
Chart via @MarketSmith
Chart via @MarketSmith
9) $NET - $76.40, pulling back to the 50s ma, 14% off highs. I’d like to see a base form (selfishly), as I want to grab shares – but at a better risk/reward setup.
10) $DDOG - $98.92, a three month cup with deep handle base. I’d like to see it breakout above $111 area on above average volume. I own shares
11) $CRM - $222.46, a four month base now trading between the 50d and 200d ma. Has always been a solid grab near the 200d.
12) $FSLY - $89.51, essentially a six month trading range with some resistance near the $100 threshold. I own shares.
13) $FB - $276.78, a four to five month sideways trading range, sitting on the 50d ma. Has been a solid grab near the 200d ma.
14) $PINS - $68.29, only 9.5% off highs but sitting on the 50d ma. Let’s see if it wants to form a base. It could propel higher following holidays sales. I own shares.
15) $ZI - $45.64, a sloppy base post IPO but an interesting company and stock. I know many companies that use the service. Watching.
16) $AMZN - $3,322.00, a six month sideways base with resistance at the $3,400 level. 200d ma closing in on 50d ma and price.
17) $NFLX - $530.87, like Amazon, a six months sideways base with resistance near $575. Price, 50d and 200d ma all closing in on each other.
18) $SE - $188.35, riding the 50d ma and 11% off all time highs. $200 is the next key resistance and breakout area. I own shares.
19) $JD - $86.12, trading near the 50d ma, 7% off highs. It’s a Chinese stock (not my favorite) but one with plenty of institutional interest.
20) $BABA - $236.26, now 26% off highs and some controversy with Chinese government (prefer not to see this). Historically, it’s been a solid grab below the 200d ma.
NOTE: All charts provided via @MarketSmith (the tweet thread sent, by accident, before I finished putting that on each tweet).
