Here is my Watchlist Part 2 of 2 you can find in the Taskbar above. It will send you to my Sparkfin where my Watchlist is located.
I will periodically remove calls from my Watchlist and add new ones based on the price action of the individual stocks. These are stocks I would be looking to enter into and the charts look healthy for the environment we are in. These are in No Particular Order.
Interactive Brokers is getting tighter on a longer time frame and the past two weeks have taken back the prior 21 weeks including the 40 week SMA. This is very bullish price action above 32 which happens to be the old highs and resistance in 2008. A lot of people disregard past price action as being too long ago, however it was relevant then and I know people are “looking” at it now. If IBKR can go sideways for a couple weeks and hold above the 40 week SMA I believe this breakout over the descending trend line since July 2015 could have legs to $45 and ATH in the next year.
Google I believe looks the best of all of the FANG members. Looking at the chart below it is holding above the 40 week SMA and has held the previous breakout of 750ish. I think GOOG should be bought against this 750 level for a move to all time highs and possibly $1000 in the next 3-6 months.
Chipotle is one of my favorite bottoming plays. As you can see there is a VERY strong weekly bullish divergence regarding RSI and Price. It has fallen a very long way and is looking for a reason to show some strength and bottom. If price can hold above 400 and then break above the 40 week SMA I believe you are going to see a short squeeze and quick move back to $550 to $600 in the next 3-6 months. This is a mean reversion trade that could have power with the close over $430.
Apple is also one of my favorites. It is one of the strongest and most institutionally owned stocks in history. It has also moved back from all time highs and is going sideways on a longer timeframe. The 40 Week SMA (200 Day SMA) has been trading with this stock very clearly for the past few years. Look at the chart below, AAPL held this line all the way to the middle of 2015, and then AAPL dropped it and held below it all the way to the middle of 2016. Guess where it is now? Above the moving average and it held. AAPL should be bought against this moving average and support of 105 for a move towards ATH in the future. Price target is $150 in 6 months to a year.