A reversion to the mean (RTM) can be seen as a healthy reset for stocks. So while the status of the market seems to still be “pending” there are a lot of great A+ setups we can take advantage of this week.
Here is our focus list:
NVDA – Nice squeeze under all-time high (ATH). Keeping an eye on stock split confirmation to see if it will continue to push higher.
GOOGL – Strong after a RTM last week. If it breaks 2404, then it has a chance to test ATH.
SQ – Basing at 200-day simple moving average (SMA) and forming a wedge. If it can clear 220, then it has a shot toward 223, 227, and 230.
SNOW – Breaking big resistance near 244. If it can break through 253, then we’re looking for a move toward 262.
BYND – Its daily wedge is breaking. If it breaks through 156, then it can possibly test 163 and 170.
Stay Focused!