WiseTraders Weekly Watchlist: October 28, 2024 – November 01, 2024
A busy week for earnings with many interesting setups in the pre-earnings category. Our pre-earnings indicator does show bullish pre-earnings sentiment, while our post-earnings indicator has been mixed so far, but this could change to more bullish. Best to stay cautious, and if you feel compelled to trade across an earnings announcement, better to be watching for the breakout at the open.
BBY (Bearish) – Struggling with several bearish Big Money Footprints including OVI, Key Levels and clearly visible Shrinking Retracements. A break below recent lows could send this stock down 10%.
BFH (Bearish) – Struggling to break above its 50-dma after earnings, this stock looks weak with a negative OVI. A drop below its current support could lead to a retest of the 200-dma.
MNST (Bullish) – After a solid recovery from its August post-earnings gap down, this stock has moved above both major Key Levels. A breakout above recent highs could signal further upside leading into earnings on Nov 7.
MU (Bullish) – Needs some further work to get it over the 200-dma and recent highs, but several bullish Big Money Footprints here, including OVI, Shrinking Retracements, a post earnings pop, and Key Levels if it does get over that 200-dma
This website uses cookies to ensure you get the best experience on our website. AcceptPrivacy Policy
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
