My top 10 buythedip picks:

TSLA - 697
ROKU - 367
SQ - 234
Z - 153
BIDU - 266
PYPL - 249
SNAP - 57
FLGT - 104
REGI - 85
FCEL - 17.3

These are considered based on following criteria:

  • Was in clear uptrend before pullback
  • Had deep pullbacks from ATH, yet support level is not broken.
  • Has bounced off a bit from bottom - support level
  • Still lot of room to move up before making new ATH or next resistance level .

I have also listed present pre-market price. Will update as and when we go.

Thanks to LonesomeTheBlue for nice scripts on trend lines and support, resistance levels :)
Comment: Let me be honest, this isn’t going well. Index moving up. But, these stocks still trending down. Not a good sign.If you are already in the trade, I suggest tightening stoploss to last low - 1 atr.
Comment: Nice Leg up last two days and Nasdaq is looking stronger. Today is not going to be the day it hits stop but some of these are still not looking that strong.

Prices at this point:

TSLA - 660 (-37)
ROKU - 331 (-36)
SQ - 232 ( -1)
Z - 133 (-20)
BIDU - 220 (-46)
PYPL - 248 (-1)
SNAP - 55 ( -2)
FLGT - 100 ( -4)
REGI - 68 (-17)
FCEL - 14.3 (-3)

So, these stocks have underperformed compared to index - yet have not hit the stop. So, it is just the waiting game.
Comment: Update time:

Prices at this point:

TSLA - 736 ( +39)
ROKU - 357 ( -10)
SQ - 249 (+16)
Z - 137 (-16)
BIDU - 219 (-47)
PYPL - 266 (+17)
SNAP - 62 (+5)
FLGT - 85 (-19)
REGI - 59 ( -26)
FCEL - 10.5 (-7)

Ok, many of them are underperforming. Overall price unchanged. Hence, yet to hit stop. Will keep it alive to see how many days it will take to recover to ATH.

Request trial access: https://www.trendoscope.com.au/contact-us
Reach me on telegram: https://t.me/HeWhoMustNotBeNaamed
Join tradingview: https://www.tradingview.com/gopro/?share_your_love=sudh
USDT (TRC20): TCaz4CG9aZyR4jp3Ygf7MESWJPmcJgoep5
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.