US Breakout Stocks Watchlist - 18 October 2020
The Nasdaq 100, Nasdaq and S&P 500 are all currently forming Cup with Handle patterns on their daily charts, with lower volume on the down days in the handle area. So there is potential for a continuation attempt higher in the coming weeks. Although the US Election is a wild card and Earnings Season is upon us from this week. So remember to focus on the price action and volume of the individual stocks (especially leading stocks) and not on the news headlines or talking heads on the financial news channels. As if there's one thing that everyone can do to improve their trading performance. It would be to turn off the news, and just focus on the price action that you see in the charts.
For the watchlist from the weekend scans - ADSK, ALDX, AMD, AVTR, CRM, CRNC, CRSP, DADA, DOYU, FIT, LAZY, SPCE, STRL, TEAM
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.