CAMARO’s Watchlist for 2/11/14
TSLA - broke out into new all-time highs yesterday and closed slightly off the HOD but either way it looks very strong and I think we will see another pretty big day today. I believe this week we will see a 200 break and with a high short float right before earnings next week we could see some big squeezes into that event. If I were short TSLA, I for sure would be concerned about taking it into earnings. Watch for prior high break to get us the 200 break. Ii think if it gets 200, it will get 205 shortly after. I am long TSLA using various call spreads.
GS - In a bear flag on the daily, however the flag has high volume and to me this is a sign that its bottoming out and wont get another leg lower. Also we have a rising support line that comes in right at 160. I think today I will be buying the dip using monthly options using 160ish as my stop loss. i think a bounce back to 167.50 is very much in play this week. Most other big bank stocks have bounced back recently and I think its time for GS to participate in the bounce. Here is a GS chart showing the levels
FSLR - In a falling wedge pattern is looking ready to breakout of any day now. FSLR has pulled back into its 8/21/100/200ma’s and that seems to be an area where FSLR has rallied off of before. ( March 2013 , Sept 2013). Looking to get some calls today with anticipation of this wedge to breakout. It does need to break above 52.13 to get the momo going. FSLR has a 16% short interest and reports earnings at the end of Feb on Feb 26th so we got time for FSLR to run before earnings. 55 target for this week.
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