Trading Watch List 05.04.2020 | Bulls on Wall Street

Trading Watch List 05.04.2020

Some profit taking in the market. SPY channel remains intact over 20 and 50 MA. Many stocks holding short term support and moving averages. I will be focusing on individual stocks to see if those support areas holds for a bounce.

 

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Here is the watch list and game plan:

Another push down to 48 area should be good for a bounce trade.
SPCE Looks great over 50 MA resistance, 18. Ideally on a red to green type move.
CGC Had news after hours. See if this builds below 18 for a trade. Watching TLRY as well.
ZM On a bounce zone after this sell off. Watching for a build below 142.
TSLA Holding 20 MA. See if this holds and build for a bounce else a gap to fill at 650 area.
NUGT Gold miner ETF. Watching for this mini range range breakout for a trade.
LABU Biotech ETF. Holding duel 20/50 MA support. Bounce watch.
INO Holding support and 20 MA. See if this 10 holds for a bounce.
TDOC On a bounce zone. Watching for a build below 170.

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