TOP STOCKS TO WATCH
Week of August 2, 2021

1. NIO Inc. $NIO

Looking like the end of the corrective phase as long as the fibonacci box below holds as support. Ideally, the $40 low will hold for continuation higher. Above $48 we have targets at $50, $52 and $55+.

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2. Qualcomm Inc. $QCOM

 

This has been correcting since making highs in February, consolidating for months. We have quite the large gap overhead. Above $152 we have targets at $155, $160 and $162+.

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3. Roku Inc. $ROKU

After a monster rally from testing $400, we have now retraced as anticipated. Sitting right inside the fibonacci box and golden pocket, making it an ideal place to enter if we can hold. Above $426 we have targets at $440, $450 and $460+.

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4. Tesla Inc. $TSLA

After a very frustrating few months of consolidation, Tesla looks like it may be coming back to life again. Still range bound, but can be explosive if volume/continuation happens. Above $700 we have targets at $780, $900 and $1000+.

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5. Walmart Inc. $WMT

Been very patient waiting for this one, sitting right below breakout. Expecting move to be fairly quick and explosive, so pay attention to the volume here. Above $144 we have targets at $145, $147.5 and $150+.

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THIS WEEK'S MAJOR ECONOMIC REPORTS & FED SPEAKERS

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Disclaimer: All ideas listed on this page are our opinion and should not be taken as investment advice. The market is always changing and so can our views. These are not buy or sell recommendations. All actionable trade alerts will be available in our official Discord server.