Trading Watch List 05-16-2022 | Bulls on Wall Street

Trading Watch List 05-16-2022

Relief rally follow day. Stopped at 1st resistance 8 EMA. With tons of overhead resistance, nothing much to get excited about. 20 MA next logical resistance. It’s just a dead cat bounce. Bottoming is a process and without quantitative easing, not much hope for “V” shape bounce.

Hit and run trade continues both long and short.

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Check out our watch list and game plan:

FB 200 resistance break might make a run for 50 MA.
AAPL Day 1 of the bounce. See if this can follow through.
BABA Paused at resistance. Follow through watch.
NVDA 180 support is now resistance. Needs to get over 180 for a run to 190’s.
OXY Bounced 20 MA again. See if this breakout this time around.
RIVN Not much follow through after earning. Watching 27 break for a pop. around.
MSFT 260 hold might make a run for trend line breakout.

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