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+.
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+.
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+.
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+.
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+.
THIS WEEK'S MAJOR ECONOMIC REPORTS & FED SPEAKERS
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