CentaurL
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Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Every major index moved downward, Rusell 2000 Index slightly declined 1.7...
At the end of this post, there is a chance for you to win points!
Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Every major index moved downward, Rusell 2000 Index slightly declined 1.7...
![Weekly Buzz: "Come on Santa Claus Rally"](https://ussnsimg.moomoo.com/1639991978955-77777000-android-org.gif/thumb)
![Weekly Buzz: "Come on Santa Claus Rally"](https://ussnsimg.moomoo.com/1639991978970-77777000-android-org.png/thumb)
![Weekly Buzz: "Come on Santa Claus Rally"](https://ussnsimg.moomoo.com/1639991978980-77777000-android-org.jpg/thumb)
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CentaurL
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The hawkish Federal Reserve said it wants to taper faster than expected and raise rates next year. However, the market rallied on that news, as stocks had sold off too far into the event. Now falling again on Thursday, though, and it's a mixed bag. With all of that in mind, let's look at a few top stock trades. ![]()
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Top stock trades for today No. 1: Affirm Holdings![]()
Like the typical trend in growth, $Affirm Holdings (AFRM.US)$ got crushed on the day.
Each rally has been sold in this one, as shares have crumbled lower since the November high. Now down almost 40% from Nov. 8, bulls are looking for some relief.
I almost have a bearish engulfing candle on the charts as Affirm blows through this week's low.
If the stock takes out this month's low at $96.44, it puts the gap-fill level at $92.29 in play, along with the 200-day moving average. That may generate a bounce.![]()
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Top stock trades for today No. 2: Adobe Systems![]()
$Adobe (ADBE.US)$ stock was hammered on the day too, down about 10% after reporting earnings.
So far the stock is finding its footing near the 50-week moving average and the $552 low from October. If we get some sort of bounce or reversal from this area, let's see if Adobe can reclaim the 200-day.
Above that key measure and the post-earnings high is on the table, followed by a gap-fill toward $600.
However, a break of $550 that's not quickly reclaimed could send shares down to the $525 breakout area.
Top stock trades for today No. 3: Qualcomm![]()
$Qualcomm (QCOM.US)$ got a nasty one on display yesterday. A close below $180 will cement it, as semiconductor stocks reverse hard on the day.
If it leads to further weakness, see how Qualcomm handles the daily VWAP measure, currently near $174.50 and trending higher. This stock has been trading great and even hit new highs by early yesterday.![]()
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But let's see where the buyers step in. If it's not at the VWAP, the $168 area could draw some interest. That was the prior high and where the 10-week moving average comes into play.
On the upside, though, I want to see a move back over the 10-day and 21-day moving averages.![]()
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Top trades for today No. 4: Costco Wholesale![]()
Last but not least, let's see $Costco (COST.US)$. I have been watching this one for a breakout over around $560. It actually got that breakout on Wednesday, but reversed lower on Thursday.
From here, let's see if Costco stock can hold the 10-day moving average. If it can, it may be a buying opportunity for bulls.
On the upside, I'm looking for another trigger over $560.78 — call it $561. That immediately puts the recent high back in play at $566.50. Above, that and bulls can start looking for a larger rally.
If this one can set up and start trending higher, the 161.8% extension could eventually be in play, up near $590.![]()
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Source: InvestorPlace
Like the typical trend in growth, $Affirm Holdings (AFRM.US)$ got crushed on the day.
Each rally has been sold in this one, as shares have crumbled lower since the November high. Now down almost 40% from Nov. 8, bulls are looking for some relief.
I almost have a bearish engulfing candle on the charts as Affirm blows through this week's low.
If the stock takes out this month's low at $96.44, it puts the gap-fill level at $92.29 in play, along with the 200-day moving average. That may generate a bounce.
$Adobe (ADBE.US)$ stock was hammered on the day too, down about 10% after reporting earnings.
So far the stock is finding its footing near the 50-week moving average and the $552 low from October. If we get some sort of bounce or reversal from this area, let's see if Adobe can reclaim the 200-day.
Above that key measure and the post-earnings high is on the table, followed by a gap-fill toward $600.
However, a break of $550 that's not quickly reclaimed could send shares down to the $525 breakout area.
$Qualcomm (QCOM.US)$ got a nasty one on display yesterday. A close below $180 will cement it, as semiconductor stocks reverse hard on the day.
If it leads to further weakness, see how Qualcomm handles the daily VWAP measure, currently near $174.50 and trending higher. This stock has been trading great and even hit new highs by early yesterday.
But let's see where the buyers step in. If it's not at the VWAP, the $168 area could draw some interest. That was the prior high and where the 10-week moving average comes into play.
On the upside, though, I want to see a move back over the 10-day and 21-day moving averages.
Last but not least, let's see $Costco (COST.US)$. I have been watching this one for a breakout over around $560. It actually got that breakout on Wednesday, but reversed lower on Thursday.
From here, let's see if Costco stock can hold the 10-day moving average. If it can, it may be a buying opportunity for bulls.
On the upside, I'm looking for another trigger over $560.78 — call it $561. That immediately puts the recent high back in play at $566.50. Above, that and bulls can start looking for a larger rally.
If this one can set up and start trending higher, the 161.8% extension could eventually be in play, up near $590.
Source: InvestorPlace
![4 top stock trades for Friday: AFRM, ADBE, QCOM, COST](https://ussnsimg.moomoo.com/3112510342566355382.png/thumb)
![4 top stock trades for Friday: AFRM, ADBE, QCOM, COST](https://ussnsimg.moomoo.com/1589474226189973236.png/thumb)
![4 top stock trades for Friday: AFRM, ADBE, QCOM, COST](https://ussnsimg.moomoo.com/4747528667282874464.png/thumb)
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CentaurL
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$XIAOMI-W (01810.HK)$ Lei Jun good retirement (left to invest CEO...
Translated
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CentaurL
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$AMC Entertainment (AMC.US)$
$GameStop (GME.US)$
A market strategist said AMC, GME have seen the apex of their interest. Are the stories over for them?
https://sg.finance.yahoo.com/news/amc-gme-have-seen-the-apex-of-their-interest-strategist-203140661.html
$GameStop (GME.US)$
A market strategist said AMC, GME have seen the apex of their interest. Are the stories over for them?
https://sg.finance.yahoo.com/news/amc-gme-have-seen-the-apex-of-their-interest-strategist-203140661.html
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CentaurL
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$SMI Vantage - watch list (Y45.SG)$ back to square one soon
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CentaurL
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$AMC Entertainment (AMC.US)$ will clear my position when it hits 50, not dreaming for 100 already
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