Indexes
Our reference is the QQQ, TQQQ:
We have increased TQQQ with stops, we have set stops for this new position at 149. We have not had a clear or consistent parameter to reduce portfolios aggressively, in accordance we continue looking for long opportunities.
TSLA and ZM:
TSLA: We have been expecting 600 to produce a sizable pullback on TSLA. Yesterday, December 1st we added back some shares with stops at 561. If this position stops out, our plan is to build a core between 546 and 525. Once this consolidation completes we will look for 775 as the next target on the upside for TSLA. We have nailed the 40% move in $TSLA with some high figure trades shared before the move.
ZM: Report was excellent, the company is not only growing at a fast rate, has now built a solid financial position with a healthy balance sheet. Probabilities indicate that for now we must wait for dust to settle and take advantage of further weakness in the price. Range of downside I see from here is 378/346. Should we use stops? Not; is a position to accumulate. Our target is 645/700.
Stocks summary:
SQ: we have parameters to accumulate. Supports at 187/197.
GOOGL: Last low for GOOGL was 1747.84 a level to consider for stops.
AYX; We still lack enough parameters to add to AYX. Next important range is 91/86
JKS: We had not a clear parameter to set stops on JKS, we still hold the position as a core.
NVTA: Since it is a position with targets at 95 for now we have no parameters to set a proper stop. We have had the best parameters to accumulate, and we have accumulated.
PLAN: We have parameters to buy PLAN on pullbacks.
AMAT: We had consistent parameters to start AMAT, support is at 62 and 103/123 are standard lines for targets.
SE; We will take advantage of weakness on SE to repurchase the position. Support at 166/154.
MRNA: MA stopped out of full position on MRNA at 165. We had probabilities to and so far repurchased 23 percent of position at 141 yesterday. Some companies are of our interest in the XLV sector: MRNA, ABBV, NVTA. For conservatie accounts 114 could be a better line to rebuild MRNA position. We will take advantage of MRNA to build back our position.
NKLA: We have accumulated NKLA according to our parameters for targets at 63.
FVRR: We have not had the best parameters to add to FVRR, but since our target is 313 we can wait for a move past 213 again and then look for stops at 189. We have parameters to accumulate on pullbacks too.
ABBV: We had not the best parameters to overweight ABBV, so we added but we set stops at 102 for the position.
AMD: As one of our candidates to double or triple within the next year or two, we added to AMD, now we have stops at 93 for the position.
SEDG: We had pragmatic parameters to add back some SEDG, in accordance we repurchased.
ROKU: we have a pragmatic target at 393 for ROKU, we stopped out yesterday Dec. 1st at 280. We will look for reentries.
UPS: We have not had parameters to rotate capital for UPS to TTD. We have parameters to consider 976 as a target for TTD, 12 percent upside off current levels at 871.
TSLA; we are considering 541 and 525 range to rebuild our position in TSLA.
CRM: We had parameters to repurchase CRM after earnings, so far we have purchased 50 percent of planned purchase.
NFLX: Continue being a core position, we have not had parameters to sell or reduce.
WORK: We had parameters to sell WORK yesterday, December 1st. We proceeded.
PTON: We had clear parameters to add to PTON, we started a position.
These are some highlights on what we have in the Managed Account portfolio, in which we providing charts, entries, setups targets stops, and other insightful notes. if you would like to have more insight and reports on the Managed Account (traded actively) please contact Seeking Options Team – RQLAB via [email protected] subject line “Managed Account” Check us in chat room – Platinum Service.
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