3 Stocks Ready For Big Move This Week — RMBS, SKY, DHI (Trading The Earnings Announcements)

Market Update

Last week, the bear had several attempts to tank the market to at least have a decent pullback. Yet, the bull showed up and saved the market on Monday, Tuesday and Friday.

S&P 500 Emini Futures Daily Chart

On Tuesday and Friday (as highlighted in orange), supply increased and attempted to break below the intermediate support level around 4380. Yet S&P 500 found demand near the support and rallied up and closed at the high range.

The past week of shallow reaction could be a sign of supply absorption pending another run up to test the channel overbought near 4530.

Should the support at 4380 be broken, the next support is at 4340, 4280.

Meanwhile, check out the the stocks that are ready to move below!

US: Stocks Ready For Big Move Next Week — RMBS, SKY, DHI (Trading The Earnings Announcements)

Here are 2 stocks — RMBS, SKY with coming up earnings announcements next week and another one — DHI sits on a bullish price structure. Watch the video below to find out the low risk entry trades setup. At the end of the video, I will answer a question from my telegram group member on how to start day trading.

Timestamps

  • 0:31 SKY (Skyline Champion Corporation)
  • 3:53 RMBS (Rambus, Inc)
  • 6:30 DHI (D.R. Horton, Inc)
  • 9:12 How to get started on day trading

Further Reading

Q&A US Stocks EP5: Price Action Analysis On The Recent Correction of NIO, XPEV, PENN, TIGR, QS

Q&A US Stocks EP4: Price Action Analysis on PLTR,BIDU, XOM, PYPL

3 Stocks Ready For A New Up Trend To Hit All Time High Soon — ASAN, CDW, IQV

# 炒股技术派

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