Taking Aim
25.06.24
These are the stocks I am watching for long positions, based on their fundamentals and weekly charts.
ZBRA, EXR, TOST, PANW
ZBRA:
On this weekly chart, we can clearly see that the downtrend has stopped, the stock has consolidated and put in a bottom on a weekly basis, for me 311.80 is where we begin the uptrend.
On the daily chart we had a hammer candle on friday and upside follow through yesterday, both on higher than average volume, this took us above 305.50, which I think was a meaningful Pivot Point. We also closed above the 10 , 20, and 50 Day moving averages:
EXR:
Weekly, the downtrend has stopped and as long as we stay above 156.70 we are in an uptrend imo:
Daily, bullish consolidation and good relative strength, if we push up from this level I am happy to take a long:
TOST:
Weekly, I think we stopped the downtrend, started to move and then got hit hard, if we can recover here, I think we might see a volatile uptrend:
Daily, we took out the important 25$ level and are set up to go higher:
PANW:
Weekly, althought PANW has been beating earings and revenue, it still got hit and is recovering slowly, longterm i see a lot of potential in this Cyber Security name:
Daily, we have the moving averages in place and are consolidating below resistance, we clearly see the sellers above, I would like to see a low volume up day, indicating that the sellers are done, and then follow through with a big up day:
In the next two stocks I took long positions yesterday:
LDOS
Weekly, this was a stock that I already owned this year, but had taken profits after an extension on a daily basis, but we see a strong uptrend continuation on the weekly:
Daily, the stock built a beautiful saucer bottom and pushed out strongly:
SFM
Another strong uptrend on a weekly basis, with a little consolidation:
Daily, looks similar to LDOS, but we gapped up and then came down to find support at the Moving Averages:
