Top 6 Stocks on Watch: 03/10/21
$TSLA – Yesterday we had an aggressive move to the upside on TSLA as the stock had its best day since March of last year, gaining a whooping 19.64% ($110) in the trading day. As mentioned in the weekly watchlist, buyers tend to step in aggressively once the price drops to a certain point and then its “to the moon!”
Yesterday’s close above 670 was strong despite SPY selling off. Watch for continuation on the upside and a strong breakout if we can push past 700.
Upside: 700, 720, 728, 745, 770 – 780 –> 800
Lotto trade: TSLA 750 C for 03/12/21
- This lotto was posted yesterday about 10 minutes before close. If we get a slight pullback at open, I’d look to get in this trade again. Again, this is a LOTTO trade – meaning I am only risking a small amount of capital and am letting it rip or allowing it to expire worthless on Friday.
$AMC – Andddd… the meme stonks are back. AMC reports earnings today after market close. The stock held its 7.50 support level nicely the last 2 weeks and with a strong rally yesterday, AMC is now gaining steam ahead of its earnings report. Watch for a hold above $11 and push through $11.89 for a strong move on the upside. The stock is approaching levels not seen since the late Jan. – early Feb $GME hype train days so a strong push on the upside is likely to trigger a short squeeze.
Upside: Hold above $11, $11.88, $13, $15, $17.85, $20
$GME – Deja Vu all over again. $GME has been on a TEAR the past couple of days, going from a low of $125 to closing right under the $250 mark yesterday (100%). $GME is on a steady uptrend and now has a market cap of $17 million. Watch for a continuation of the steady uptrend and a push towards 300. We’ve seen this movie before and I would not be surprised if GME reaches 350 – 400 levels by the end of the week.
Upside: above 300, 320, 350, 385, 400
$DKNG – After taking a beating last week, DKNG had a nice bounce off last week’s low of $57 and was able to get back above 60, closing at $62.20 following the company’s first ever investor day. Today, DKNG has been the topic of multiple analyst upgrades and raised target prices. Look for DKNG to get some momentum back once it clears the $65 level and makes a push towards 67, and 69. Above that and DKNG will retest ATHs.
Upside: $65, 69, 70, 72, 73 to 73.83 ATH.
$SQ: refer to the levels on weekly watchlist
$BA: refer to the levels on the weekly watchlist
DISCLAIMER: I am not a financial advisor. These trade ideas are my opinion and my opinion only. Please do your own DD.