CAMARO’s Stock Watchlist for 7/2/13
TSLA - The squeeze of the year continued onto new all-time highs today reaching highs of 117+. Although it is not a good practice to play stocks the day after they ran 9% (on big boards) TSLA imo is an exception due to the incredibly high short %. Simple setup for tomorrow- needs to break 117.77 for a buy trigger then target would be 120s and your key support level to maybe go long against is previous all-time highs at 114.90. I am currently long TSLA via 120 calls overnight.
AMZN - Broke above that wedge formation today and acted very strong all day long. AMZN is now right under all-time highs and with earnings still weeks away I think there is a strong chance AMZN runs into its next earnings announcement and maybe even pokes its head above 300. Tomorrow I will be looking to buy a gap down or a 283.30 breakout and then hold for my target which is 285+
GS - If markets do see some pressure tomorrow due to weakness in some key areas mainly financials today I believe GS will provide a good shorting opportunity. GS currently is in a bear flag formation and if 150-150.70 gives way I believe that will open the door for another selloff down to next support level at 145. Another key level to note is the 6/24 low of 148.71 because that could act as short term support but otherwise I believe 145 will be a magnet. Markets bounced back pretty strong towards the EOW last week but GS remained in this bearish formation.
Full Stock Watchlist available here
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