Watchlist: 6/7 Meme Stocks: Can’t Stop Won’t Stop

Market Notes:

Volume remains high on the meme stocks, AMC is in a multiday rest period but has yet to break down. A breakout could keep make it the dominant story of this week too.

Bitcoin is holding in another sort of no man’s land. It’s above the 200 day moving average but below the $40K resistance. I’m a long-term bull but ready for a wild ride. I’ll load the boat under $20K.

The broader markets are looking strong, the S&P 500 is very near all time highs. I’m watching for any dip to get bought.

With earnings season pretty well over and the meme trends moving sideways I’m likely to stay risk off today.

Watchlist:

*Low Float

*MOSY has support at $9, resistance at $10
*WISA watching for a setup above $5
*PDSB has support at $12.50
WPG has resistance at $6
SND watching for a setup above $3.50
PFMT has resistance at $5

OTC (on watch, no levels):
HTZGQ, GGII, HMBL, ABML, NWGC, ENZC, RECAF, AITX, LWLG, SAML, KYNC

watchlist

Leave a Comment

Your email address will not be published. Required fields are marked *