Watchlist 11/23/21
Left a lot on the table with Dash and AMD puts yesterday. Need to remember that these big companies are really hard to reverse once they have momentum and be more patient.
LCID - Big spike yesterday but hit resistance around $56 and failed. Faded rest of day. Still looks weak after 8 day EMA test. Could fade more. Looking for downward momentum and might get some puts. If it holds above $50 could see some flagging over the next few days with another run at $60 next week.
RBLX - Big FRD yesterday. On watch for VWAP failure and continued downward momentum.
KZR - Recent runner consolidating near highs, looks like it could break through $14.3 and run more or might have a red day first. Keep on watch for FRD or MDBO. Top watch for FRD but has show slow illiquid strength much like MRAM. Need more volume on 14.3 break for me to long calls.
Prog - Unable to break previous resistance yesterday, failed to hold $5 and faded. Now looks like $4 as support could break which would send this back to the 3s maybe even 2s. Will buy 12/3/21 $3 puts if 4 breaks risking 4 with some variance.
NVDA - Set new ATHs and then fell back to support yesterday. Bounced off 8 ema and ended right around recent support around 319 and 2% away from the EMA. If teens support is lose I could see this going back to support at 300. Watching for VWAP fail and weakness to buy 11/26/21 $300 puts on
AMD - Fell with NVDA yesterday. Pierced the 8 ema and bounced away. Looks like it could remain weak though. If it falls through 150 I could see that level becoming strong resistance and more fade. Likely to target 12/3/21 $145 puts
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