US Breakout Stocks Watchlist - 8 December 2020
You may note the main stock on tonights watchlist is FSLY, which I didn't think I'd be posting again this year. However, the base it's developing is still very constructive imo, and I've marked up the chart using the Wyckoff method Phase analysis - which allows you to do a detailed analysis of the base structure to help to determine whether it's an accumulation dominant base or a distribution dominant base. So I'd highly recommend that you read some Wyckoff books, as really helps with Stages 1 and 3, and continuation bases, with some additional low risk entry points to consider.
For the watchlist from Tuesdays scans - ARRY, BAND, BLDP, CHWY, DKNG, FSLY, FCEL, FLGT, FUV, GOGO, LPRO, LTHM, MITK, ONEM, OTRK, PDD, PENN, PERI, PLUG, RXT, SFIX, SPWR, TWLO, UPWK, VNET
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.