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[Platinum Watchlist] (6.20.23) 4 stocks on the Radar
[Platinum Watchlist] (6.20.23) 4 stocks on the Radar
August 22, 2023
Good morning.
Futures are down this morning as current market conditions are being affected by hawkish Fed speak and upcoming congressional testimony from Powell this week.
Cost basis on AIG is just below the 200-day SMA at 56.21. The 9-day SMA just crossed over the 200 and is now providing price action support. Resistance can be found at 58.25. The upper Bolinger Band is at 57.88. The paper trade portfolio is currently up $1.09 / share on this position.

PG closed above cost basis of 148.45 on Friday. Support is found around the 20-day EMA with resistance at the 50-day SMA. All the oscillators remain in the green. The paper trade portfolio is currently up $1.09 / share on this position.

RE had a full candle close above the 9-day SMA on Friday with a crossover of the MACD line. The RSI is below the 50 level but trending upward. There will be resistance at 357.37. Prudence would suggest setting a lower buy limit to try to get a better cost basis if you are so inclined to enter a position.

ATVI is trading above all of the critical SMAs, and the oscillators are in the green. Support is found at the 9-day SMA with resistance at 84.29.

We are coming off an extended weekend so be cautious when entering orders within the first 30-60 minutes of trading as the order books work to move the backed-up orders.
Have a great day. This information is for educational purposes and not a recommendation to buy or sell a stock.
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