On watch 11/30/24 from Emil

  


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Main indices QQQ, SPY managed to hold the trend pretty well and broke the range, now that SPY made a new high and closed above 600 which make me think there might be a continuation in the next coming days 



VST – building up with a nice base having an eye for 161 break out especially if volume will kick in 

TSN – looks baked , potential break thru 65

SQ – ideally will gave a slide and rest on vs 84ish level but if momentum will continue then 90.5 for a break out, this one coming of a big yearly base and has wind int he back (see SOFI)

SNOW – tapped 179 and rejected had no follow thru but as long as will hold above 160 see it as a good swing idea with a target of 250 in the coming months

NWL – a bit loose but if will build up above 9.5 gonna be interested in a long for a run into eoy or beginning on next year

NU – reacted pretty bad on a news in regard with fiscal reforms but that doesn’t not mean company is bad, going to watch it for a bounce trade and potential swing into eoy once is gonna settle down, one good point to start in would be a build up above 12.5 and not reclaiming Fridays lows

ESTC – if will manage to hold 106 then volume will be there to sustain a push thru 113 then 118 – break out play with a trail stop – swing idea

JMIA – not a technical trade right now but and narrow range here will pay attention for a long trade ( right now looks like fell of ppl’s radar but if one zooms out can see that very similar with (HOOD, SOFI, PLTR before taking off) of course not saying it will… but to me r/r wise worth 

DJT – still a hot topic and might do a “bella figura” into inauguration so any break thru 32 can be a start for another leg up

AMZN – breakout ongoing 

WGS – break thru 80 area, might need few more days but the tighter it gets the better