WiseTraders Weekly Watchlist: November 25, 2024 – November 29, 2024
As expected last week was choppy but the markets remain robust with more bullishness likely. Many overbought stocks remain overbought with only minor pullbacks so far. With the right catalyst there will be a meaningful pullback, but we’re not seeing it just yet. Here are four stocks to keep on your radar this week:
AAPL (bullish) – Coiling like a loaded spring … Although our Shrinking Retracements pattern recognition is showing bearish, there is also visual evidence of bullish Shrinking Retracements. Combined with other bullish Big Money Footprints, we’re included to be bullish on AAPL.
DLO (bullish) – A post-earnings setup with a full house of bullish Big Money Footprints. There’s also high levels of short interest here, which means an up move could be dramatic.
SNAP (bullish) – After a positive earnings reaction, this stock sank back with low volume. But it’s now finding support at its 50-dma and a 9% bullish momentum bar on Friday, plus several bullish Big Money Footprints present, may set the scene for further upside.
UPS (bullish) – A similar situation with SNAP in that a positive earnings reaction was followed by a retracement down to the 50-dma where UPS has also found support. A bullish momentum bar on Friday, plus several bullish Big Money Footprints present, may set the scene for further upside.
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