Watchlist 2023-06-09 $DOCU $INTC $SMTC

2023年6月9日

SPY getting ever so close to breaking out from the 430 level after a nasty fakeout below the 426 support. For a BO we can trust, the ideal situation would be to find some support off the open near 428 and then attempt a BO. We don't want this to go right off the open as it's less likely to succeed.

For further confirmation of a trend day, watch for:
AADD pinned near +\-2000
VVOLD ratio over +/- 3
TTICK cumulating past 0 wicking to +/-900

INTC - juicy technical break out over 31.50 with buyers aggressively stepping up at 30 . Lots of resistance at 31.50, and 33.80 but if chips can get moving INTC has room to move.

DOCU - DocuSign Slightly Lifts Fiscal 2024 Revenue Guidance Following First-Quarter Beat. Need this to calm down after the open as it will be very spready, however, with squeezes stocks moving, and DOCU having positive news, this has a great opportunity to run if a base forms.

Support 64
Resistance 67
Inflection 62

PDD - support test at 74 would be a buy.
SMTC - buyers finally stepped up at 23. if we can show signs of strength and the bottom holds, plent of room to the upside after PD's profit taking off positive news.

Other Watches:


Comment what you are watching!