SRPP New Ideas: DASH, AMZN, META, TSLA
September 12, 2024
By Scott Redler
Yesterday's big green engulfing bar looks like a change in character for the market, so I'm going to add 4 new Power Plays right here.
I'd consider these feelers since the market came a long way off yesterday's lows, but I believe the bulls have the advantage.
Doordash (DASH) held up great during the volatility and has an excellent chart. It needs to get and stay above $130.50 to ignite. On the risk side, it needs to hold the $118 to $124 area to stay in play.
Amazon (AMZN): I got stopped out of this fast yesterday which was very frustrating, but it still has one of the best patterns in tech. It needs to hold the $168 to $175 area. A move over $187 could ignite a real rally.
Tesla (TSLA) has been very strong and looks ready to get and stay over the $230 area. It needs to hold the $210 to $220 range to stay out of trouble.
Meta (META) could be volatile but looks in the game for a move over the $542 area. I needs to hold $478 to $498.
Stay tuned for more updates
-Scott
Scott Redler Positions Disclosure as of 2024-09-12 at 11.22.52 AM