Trading Watch List 01.29.2020

Sayed
Zaman
January 29, 2020
How to trade stocksbows-opengraphTrading-Watch-List

Gap down Monday with spread of Corona virus news but dip was bought yet again. Our dip buy idea,LK, LABU,SPCE,BYND,SQ all worked out well. SPY gap filled so easy bounce part is done, now earnings and potential news flow will determine the next move. SPY 322.66 is the short term support and 327.85 is the resistance.

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[caption id="attachment_58282" align="alignnone" width="800"]
CRNC Watch list idea finally making moves. Another IPO breakout watch, ideally on a dip to 23 or on red to green type of move.[/caption][caption id="attachment_58285" align="alignnone" width="800"]
SPCE Dip buy idea worked well. Needs to clear 18.50 now.[/caption][caption id="attachment_58284" align="alignnone" width="800"]
SDC Setting up flag. Watching 13.60 area.[/caption][caption id="attachment_58283" align="alignnone" width="800"]
RVNC Bouncing support. Looks good to grind higher again.[/caption][caption id="attachment_58286" align="alignnone" width="800"]
TEAM Absorbing earning gap well. Needs to clear 149.80/150.[/caption][caption id="attachment_58287" align="alignnone" width="800"]
TLRY Pot stocks bouncing support. Watching over 19.70.[/caption]

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