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HT Weekend Watchlist - Trade Ideas for Next Week 📈

Humbled Trader's Weekly Stock Picks & Market Update

Author

Humbled Trader
July 21, 2024

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Data points provided by Stox.io scanner

SERV $8.21

  • Stock soared on Friday after Nvidia’s stake in the company is revealed.

  • Very bullish technical breakout over the multi-month resistance around $7.30 KL.

  • Leaning bullish on the name as long as $7.30 area is held up next week. Looking for dips along the trend. We could see upside to $9s and potentially higher.

  • Position Disclosure: No Position

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Notable: High short interest %

MARA $24.73

  • Another daily range break over the $23.70 key level resistance.

  • The stock rallied up in the last few days following strength in Bitcoin.

  • Key level is $23.70 daily. Looking for consolidation above KL for a trend continuation to the upside.

  • Position Disclosure: No Position

Data points provided by Stox.io scanner

CRWD $304.96

  • Stock dropped 11.80% after a massive global outage.

  • It’s very possible that the stock has more downside to go, to test the daily 200SMA area once more.

  • Staying cautiously patient. I’m looking for a sell off below to $287-$280 area early next week. If that does occur then I’m looking fro a subsequent first green day bounce to go long.

  • Position Disclosure: No position

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🗞️ Market movers you might’ve missed:

- Serve Robotics ($SERV) Nvidia revealed their stakes in the company.
- How we traded: Former High-of-Day Long

- Coinbase ($COIN) Bitcoin rises on bullish sentiment during Trump’s presidential campaign.
- How we traded: Backside Long

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Relative Volume Indicator & HTB Guide is now live on Stox Scanner

Relative volume, or RVOL, is an indicator that measures the current volume traded, compared to a specified period. On Stox.io, we set this RVOL period to 14 days.

Typically the higher the RVOL is, the bigger the range and momentum it can provide. Also extremely high volume means it would be easier for traders to enter and exit with size.

Most momentum traders look to trade stocks with a RVOL of at least 2 or 3+.

Many of the top gainers on the day have HIGH RVOL

HTB (hard to borrow) stock guide is now live exclusively on Stox!

You can now find the brokers that have shares to short, as well as the locate pricing for these hard to borrow (HTB) stocks on Stox.

If you hover your mouse over the HTB column for each stock, you will see a pop up with all the brokers’ locate pricing.

With our brand new HTB feature, you can preview pricing for HTB stock for premium brokers that offer short locates, such as Interactive Brokers, Trade Station, TradeZero, Centerpoint, Cobra Trading and Success Trader.

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Email Disclaimer:
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.