Trading Watch List 08.17.2020 | Bulls on Wall Street

Trading Watch List 08.17.2020

Market in consolidation mode. I am a little concerned about lack of setup though. Many individual tech names are acting choppy and price action remains poor ,indices still not reflecting this yet. Ideally you want to see strong price action in individual stocks while indices chops around. We will see how this divergence plays out in coming days. QQQ 8 EMA short term support followed by 20 MA, 275 big resistance.

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Here is the watch list and game plan:

SQ Holding 8 EMA. Needs 144 for momentum.
KEYS 103.75 looks good for a run.
NKLA 39 idea worked well. Inside day. Watching back over 46.95 for a run to 50 MA.
GAN Watching over 23 .
LVGO Having issue with resistance and forming a bear flag. See which way it gets resolved. If market weakens this will likely crack.
ENPH Failed to breakout over 76.69. Still on radar if it decides to go later.
FSLY Having issue with 50 MA resistance and forming a bear flag. See which way it gets resolved. If market weakens this will likely crack.
LMND Potential double bottom. Watching for a build below 63.80 for a continuation.
LMND Potential double bottom. Watching for a build below 63.80 for a continuation.
RUN 47.85 is a spot now.

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