I’m writing my watchlist here more as an endeavor in doing my own research to find day tradable stocks. While I feel I do decently well digging into others’ finds, I want to find my own stuff!
Also shoutout to @juangomez053 for inspiring me to start posting my list. Credit is the easiest thing to give so glad to give it!
Definitely pick apart any of my thesis, they won’t be too deep but I am looking for feedback!
All of these stocks started from a high level filter of:
- Decreasing RSI
- Increase Relative volume
- Optionable
- Under 10Bln Market Cap
Thesis: In medium/large sized companies large changes in sentiment tends to be sticky, my goal is to quickly find this trending with a little bit more space to gap down. From there dig in and find watch list candidate.
If you know anything fundamental about these companies drop it in the thread!
BHC
- Increasing selling pressure.
- Relative volume 2X of average
- $25 Puts look really tasty. Like very, look at the options prices on these things
CWH
Solid space to move downwards here. Feel off a cliff but there is definitely room more more. Solid support at 29 level and 26.5.
PD
The resistance/support level on the weekly is a fucking straight line.
- RSI on the weekly is on a steady decline currently sitting at 36.96
- $30 puts are near 0, if these go in the money we could see some juice.
- Going to watch pre market and grab puts/calls depending on how it gaps pre market monday. With the strong resistance level I anticipate it will revert back to that early before breaking away
X
Steel company
Currently getting beat up quite a bit with some definitely space downside. Has traded in a range and just broke out. I expect this to trend down daily with strong resistance at $16 level
Options are dirt cheap as well. A common theme on every find here is a considerable amount of upside on the chain assuming the next strike goes in the money 