Mortimer Arthur
11-02

$Microsoft(MSFT)$  - One of the few tech names holding up well. Earnings were decent. Watching calls as long as $520 holds, with a move toward $540 and $550 in mind. The chart setup looks reasonable.

$Apple(AAPL)$  - Still in an uptrend and near all-time highs. Watching calls above $350 for a move toward $355 and $365. There is trendline resistance around $365.

$Moderna, Inc.(MRNA)$  - Back at resistance between $228 and $242. It pushed higher after last week's pullback. Calls above $228 look interesting for a move toward $242 and $260. The weekly chart is showing a decent green candle.

$IBM(IBM)$  - Sitting in a large upside gap from $252 to $287.32. Watching calls above $260 for a move higher toward the gap fill. The stock picked up multiple price targets last week.

$Merck(MRK)$  - At the top of the daily channel around $150. Worth keeping an eye on for a possible breakout. It has been in this channel for a while. There is also a gap from $144.50 down to $141.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment