[Platinum Watchlist] (1.17.23) 6 Stocks on our watchlist

Our share stock channel participants have been doing a great job in finding potential swing trade set-ups including NEM and RUN:

NEM just Friday closed above the 200-day SMA. There are a few gaps below current price action so just be aware. I’d like to see a full candle close above the 200 to avoid a fake out prior to entering a paper trade.

RUN also close above both the 200-day & 50-day SMA. All the indicators are positive, but I still would like to have the MACD above the zero line and a full candle close above the 200.

MLM has closed above all of the critical SMAs and is finding support at the 50-day SMA.

ADM just experience a large price action pullback and is showing signs of reversal with its Friday close above the 9 and 200-day SMA. I am looking for confirmation with a MACD cross of the signal line and an RSI above the 50 level and showing strength.

NOVA closed above the 50 and 200-day SMA on Friday. All the indicators are positive, and I’d like to have the MACD cross the zero line and see a full candle close above the 200.

CMCSA closed over the 200-day SMA with rising 9, 20 and 50 day SMAs. The 200-day SMA should act as support at this point. IF there is a full candle close below the 9, that would be an exit signal.

Always develop and follow a trading plan. I use my guidelines. Paper trade to practice and learn the process. Don’t use market orders or chase price action and utilize stop limits to defend your gains and/or reduce your potential losses. Don’t fall in love with a stock! The markets look to open lower, so be patient. Have a great day!

This information is being provided for educational purposes only and is not a recommendation to buy or sell a security.