US Stocks Watchlist - 26 January 2022
Different kind of watchlist again tonight with the volatility from the Fed today
$TSLA had earnings after the bell and holding up so far despite an initial negative reaction after hours. So will be watching for it to recapture the 1000 level and move back into the range. Failure to do so, would a make me consider it on the short side.
$KSS - another stock in two minds with a double top pattern at the highs of the range after Mondays big gap move on news. Looks to be faltering, so potential for a gap fill.
If it can hold then would be looking for reversal back through the November high.
$MATX a new one for the watchlist with a Stage 2 continuation breakout attempt in Phase D of the base structure. Failure to follow through and drop back into the base could flip it to a UTAD.
$MDRX Highlighted in the watchlist yesterday, but held up well today with a tight range and only closing down -1%. So watching for a fishhook pattern (i.e. reversal higher)
$CF I did a video yesterday explaining the fact that the breakout attempt from the intraday base was early and hence might be an upthrust. So pullback to the support level today puts it in a better position now. Needs to hold above the 50 day MA and tighten up.
$CF here's the updated 2 hour chart with the Upthrust (UT) from today's price action added. Note how it closed at the Volume Point of Control (VPOC) on heavy volume. Want to see it hold that level ideally if considering long or could turn into a short.
Here's the link to yesterdays short 6 minute video on $CF
https://vimeo.com/670014542/005b555c89
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