Some stocks to watch for the week
Building this weeks watchlist, decided to record some ideas for the upcoming trading week. Looking at these charts and the technicals, build trading plans ahead of the trading week to be prepared. We will be looking at charts that provide other potential set ups for us to trade. Sentiment for the Week- Neutral/ slightly bullish for the near future. A bounce in the market CAN be due to rebalancing for funds and institution's portfolios but can also be looked at as a change of character/ trend change from the downtrend the market has been in. HOT IPO's like SpaceX coming up next month seems to add optimism in U.S. equities. Even with the Geopolitical tension it doesn't seem market participants are staying risk off with some low float names spiking it just seems the money moved over to small caps. SNDK is a name we are watching as the price action is showing this can be a leader for its sector and a mover for the week. Symbol DRAM (memory ETF) just started trading can can bring a ton of trading opportunities this week. Symbol LITE looking like a strong trading opportunity this week as well. Space theme names of course on watch as well: SATS, LUNR, RKLB and GSAT (Amazon acquisition news!!!)