Watchlist 2023-03-07 $OPK $RIGL $WE
SPY - flat this morning as we await the second testimonial day for FED chair Powell. There has been lots of opportunity in small caps the past week so shifting focus there, also to avoid the chop that we see in large cap on Fed days.
OPK - Opko health sign deal for experimental Epstein-Barr virus vaccine. Triple bottom type of action at the 1.00 level. Showing 3 RVOl in PM. Room to 1.50 level, don’t want to be first. Let some structure develop. Want to see shorts try and try but fail to push this under, that's when im interested.
RIGL - beats quarterley top and bottom. Will need some market structure to form. PM HL and pivot support to not align for either. Interested in a long without a support touch only if we hold the 1.85 level for 15-30 min, then start to breakout. Else, looking for support around 1.73, 1.64. 2.20 is the most key resistance area of PM resistance and the bottom channel forming support.
WE - gapping over a double top near the ATL after 8 days of consecutive selling. Might have some room to 1.55. Seem like a lot of sellers are done.
AAPL - if we see some momo pick up in large caps to the downside, Want to look for shorts in AAPL after and significant triple top at 157 on elevated RVOL
OPK - Opko health sign deal for experimental Epstein-Barr virus vaccine. Triple bottom type of action at the 1.00 level. Showing 3 RVOl in PM. Room to 1.50 level, don’t want to be first. Let some structure develop. Want to see shorts try and try but fail to push this under, that's when im interested.
RIGL - beats quarterley top and bottom. Will need some market structure to form. PM HL and pivot support to not align for either. Interested in a long without a support touch only if we hold the 1.85 level for 15-30 min, then start to breakout. Else, looking for support around 1.73, 1.64. 2.20 is the most key resistance area of PM resistance and the bottom channel forming support.
WE - gapping over a double top near the ATL after 8 days of consecutive selling. Might have some room to 1.55. Seem like a lot of sellers are done.
AAPL - if we see some momo pick up in large caps to the downside, Want to look for shorts in AAPL after and significant triple top at 157 on elevated RVOL