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HT Weekend Watchlist - Stocks on Watch for Next Week

Humbled Trader's Weekly Stock Picks & Market Update

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Humbled Trader
April 07, 2024

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CADL $6.64

  • Another stock that had accumulated a lot of shorts the last few days.

  • Staying cautiously short-biased on this name. Ideally, we see another test of the 9-10 daily key level and fail first.

  • We’re expecting a lot more trap and squeeze before the final unwind and break down below KL.

  • Check out the recent VVPR chart as a reference.

  • Position Disclosure: No Position

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MDIA $3.88

  • This stock definitely took short sellers for a wild ride on Friday. The catalyst was bullish for the company short term.

  • We could see more trap and squeeze next week IF the stock reclaims over 4.5-4.6 key level.

  • If its able to consolidate over said key level, we could see a retest of highs to 5 or even 6.

  • This is a lower float stock. Please trade with caution and proper risk management.

  • Position Disclosure: No Position

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DXYZ $59.20

  • This is probably the first ETF we’ve had on the weekend watchlist. Please do your own due diligence and read into the ETF holdings details on your own.

  • We are only looking to trade this. Intraday on Friday the $50-$51 area formed a key level of support.

  • If sentiment for this ETF remains positive next week, and the stock holds above KL, we could see this continue to trend higher.

  • Ideally, we see some form of profit-taking and test said key support area at least once or twice next week.

  • If it continues to gap up and go, be cautious as parabolic hype could lead to an exhaustion soon.

  • Position Disclosure: No Position

AEHL $2.90

  • Please refer to its afterhours chart as it moved 100% after close on Friday.

  • Staying neutral on this name. The long-term daily chart is bearish, however AH volume is quite significant.

  • If the stock can gap and hold above 2.8 daily key level, we could see a test of 3 and potentially higher.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- Levi Strauss & Co ($LEVI) Levi Strauss beat estimates and raised its guidance for the year.
- How we traded: Trend Join Long.

- Tesla Inc. ($TSLA) Tesla’s stock price dropped after reporting cancellation of the economic models.
- How we traded: Extended Daily Short

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📣 Another Red Week for Tesla Amid Cancellation of Economic Models

Tesla has decided to cancel its plans for an affordable car, which was anticipated to significantly expand its market presence. This strategic pivot focuses on the development of self-driving taxis instead. This change is influenced by the stiff competition Tesla faces from Chinese electric vehicle manufacturers, who offer models starting as low as $10,000. The shift away from an entry-level vehicle model underscores Tesla's challenges in maintaining its innovative edge while addressing market demands and competitive pressures.

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The Watchlist Emails are NOT trade alerts to buy or sell. We are not financial advisers. The above information is for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. We are merely sharing our opinion with no guarantee of gains or losses on investments. You accept our Terms and Conditions.