Welcome to the watchlist for Week 28 2024. This weekly compilation offers some ideas for you to analyze. Please note that the trades listed here are not ready-to-execute suggestions; do your own due diligence before trading. I dedicate many hours over the weekend to preparing this list, so instead of sharing it directly with friends, please recommend our site to them.
I base my trades on market action, so positions can open or close within minutes. It’s crucial to consistently follow your trading system.
80% of my portfolio is invested in three stocks: NVIDIA (NVDA), Novo Nordisk (NVO), Cava (CAVA), and Eli Lilly and Company (LLY). The remaining 20% is allocated for swing trades. I stick to trading from this watchlist to avoid succumbing to FOMO on other stocks.
Last week report : Week 27 watchlist – Trend trading (overwi.se)
Last week, NVIDIA Corporation (NVDA) formed a long-legged candle and has now entered a consolidation phase. This presents a favorable opportunity to add to or initiate a position in NVDA, especially if it exits this range on the upside
Iris Energy Limited (IREN) experienced a shakeout on Friday, June 28th, with a rebound at the EMA 21. The stock has now returned to the top of its range. The coming days promise to be interesting as we observe its next movements
Vital Farms, Inc. (VITL) is currently testing its breakout region, with trading volume diminishing. This suggests the stock may be gearing up for further upward movements
ADMA Biologics Inc. (ADMA) is tightening up, with trading volume diminishing after significant activity last Friday. Consider adding this stock to your watchlist.
TransMedics Group, Inc. (TMDX) is tightening up above its last breakout region. Some positive news could potentially inject further momentum into this stock
Summer is here, and India, being a vast market, brings us to spotlight MakeMyTrip Ltd. (MMYT). The stock is showing a nice consolidation pattern. Stay tuned for potential moves.
Sarepta Therapeutics, Inc. (SRPT) has been trading within a large range for several years, and it’s starting to post profits. Following a recent surge, we’ve observed a pullback. I’ll be watching this stock closely for potential opportunities
Wingstop Inc. (WING) is showing promising figures in its financial reports. Recently, we’ve noticed increased trading volume without a corresponding price movement within a tight range. Could this be stopping volume, indicating potential upward movements ahead?
Freshpet Inc. (FRPT) is currently testing the top of its range but without significant volume. Given the impressive earnings figures recently reported, I’m keeping a close watch on this stock. I’ll decide whether to enter based on the current setup, even if there isn’t confirming volume
Western Digital Corporation (WDC) reported positive earnings last quarter and anticipates maintaining profitability throughout 2024. Notably, the stock is displaying a ‘123 weak hand’ pattern, suggesting a potential rise as it tests its current region. I’m taking this opportunity to get on board
e.l.f. Beauty, Inc. (ELF) experienced high trading volume in the middle of its range last Friday. Such significant activity cannot be overlooked. We must remain alert and be prepared to act based on the market’s direction
If you have any questions, please feel free to contact me at henrik@overwise.se or reach out to me on Mastodon at @hekenberg@mastodonsweden.se.
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