 What is going on, everybody? It's Stas here. Welcome back to another video. So in this video, we're gonna be talking about a couple of stocks and ETFs that I'm personally watching and looking to trade for the first week of March and 2019, as well as taking a look at some stocks and ETFs that you guys ended up putting in the call-out section in our Discord group chat. So first and foremost, thank you to everybody out there that did drop a ticker symbol in that call-out section. I really do appreciate it. I'm gonna be covering as many of those tickers that I can in this video. And everybody out there watching me for the first time, my name is Stas, and I make videos dealing with swing trading, day trading, long-term investing, and my personal philosophies and strategies when it comes to investing and trading in the stock market. So if you're interested in that, you wanna learn more about the stock market, investing and trading, feel free to subscribe to this channel, hit that notification bell for daily market updates, trading updates throughout the week, trading tips as well as some personal finance tips sprinkled throughout the channel, the videos here on YouTube. And if you wanna be connected further, you can join our 100% free Discord group chat as well as our 100% free Facebook group. Both of those are linked down below in the description box. So let's start out this video very briefly, talking about the direction of the overall markets. This is what I typically do every single video throughout the week because it gives us as traders a better understanding of where the market is obviously pushing and what we can potentially trade based on whether we're trading large cap stocks, leveraged ETFs, some penny stocks, even though I rarely do trade penny stocks, you know, the direction of the market really allows us to understand a lot of different things. So let's take a look here at the SPX. We all know over the past couple of weeks, we've been absolutely killing it in the SPX. And right now in particular guys, we're trading in between this resistance which is now a new support from the beginning of December at around $2,900 or $2,790 rather, up to around $2,815 which was a resistance from back in the beginning of November. So if we zoom in a bit here, we can see that a little bit easier. Actually, no we can't. We gotta zoom in a little bit further. We can see we're trading right in between those levels like I said, $2,790 right now at this current support and $2,815 which is now the resistance. So what am I watching for this upcoming week guys in terms of the SPX? Again, we talked about this in Friday's and Thursday's video but I'm just gonna quickly recap it right now for all the new viewers out there and for everybody that did miss that video on Friday. What I'm looking for is now that we're holding above this support channel right here and the 50 SMA support and we clearly see we had a pretty strong green day on Friday, up about 0.7%, up about 20 points. I'm gonna start to see if we're gonna fill to the top of this channel on this uptrend channel here on the 30 day 90 minute chart and I'm also gonna be waiting to see are we gonna test that $2,815 level where we did end up getting rejected a couple of days ago back on the 25th of February in 2019. This is a very critical spot for the SPX because let's say we break to the downside here, we break the 50 SMA and the support of this channel that's gonna be a huge downwards trending or a downwards pattern rather for the SPX that will slowly be starting again if we do end up breaking to the downside but if we continue this uptrend pattern guys we slowly start to push into the 2815, 2820 level obviously large caps, the 500 largest US traded companies, they're overall gonna be moving to the nice green side if we do continue to push up, opening some opportunity in those large cap stocks as potential day trades or swing trades, which again is why it's super important to understand where the overall market is going so we can for example, trade some of those large cap stocks that do well when the SPX and the overall markets are pushing up. So I'm waiting for that fill here to the top or for the potential break to the downside. The Dow Jones is looking very similar guys, I'm waiting for the bounce on the support, on this 50 SMA support and a potential test at about the $26,200 resistance and if we do end up breaking out of there we're going to be headed to the top of this channel which is going to be at around $26,500, $26,600 if we do end up pushing to the top here and if we look over to the 184 hour chart we can see very similar to the SPX we're trading in between this channel from the old two resistances back in the beginning of December and the beginning of November. Now taking a look at the NASDAQ composite we're trading or roughly right at that resistance we can technically call it a new support now because we are slowly breaking above it and we're trading really between that new support and this next resistance at about $7,200 and judging on this channel on the 30 day 90 minute chart guys we are at the support of the channel also on the 180 SMA support here. So I'm going to be watching if we do end up filling to the $7,200 level this week if we do end up pushing another 100 points and the NASDAQ composite we're going to be slowly pushing to the top of this channel continuing the uptrend pattern but of course like I said with the SPX and the Dow if we break to the downside here the 180 SMA support as well as the support here on the channel that's going to be a huge, huge downwards move and there could be some more red to come if that does end up happening. So that's the overall synopsis here of what the overall markets are looking like. We are all, or rather the three major US indices here that we look at on this channel they're all at support levels at the bottom of their upwards trending patterns on this 30 day 90 hour or 90 minute chart rather and that's what we pretty much take away from this. So what stocks am I looking to trade this week that could potentially benefit on the market continuing to push up and let's say the market does push down let's say we do break the support we're going to be talking about some stocks that could potentially benefit from that as well. So let's just hop right into it guys I don't want to take too much out of your time today I kind of want to keep this video under about 25 to 30 minutes and let's get right into it guys. So the first stock that I'm watching this upcoming week is Square Stock ticker symbol SQ and Square is a stock that's been going absolutely crazy over the past couple of days. So for those of you guys I recall the stock actually tanked to $73 after they reported earnings I believe on Wednesday or Thursday of last week and it filled the entire gap back up almost 10, 12% all the way back up to $83 so literally a $10 move in the stock in a matter of about 24 hours which did end up being about a 10.24% move from the bottom here after market hours up to the peak here at about $82.85 and we see the day after guys what do we see? We see at about 5.05 AM pre-market hours on the 1st of March we ended up tanking all the way from $83 down to about $77 and we chilled there for the rest of the day consolidated on this support level at about $77 and how do I know that's a support level? Well, if we're looking back here let's say to this timeframe here if I can zoom in a little bit closer for you all you can see we ended up topping off in Square Stock back on the 25th of January at about $77 to $78 and we're holding roughly at that level right now we're technically not holding because we don't really see a reversal pattern to the upside quite yet we don't see a green candlestick pushing us back into the $78 range quite yet but let's say on Monday tomorrow we end up pushing up and we end up getting to the $78.30, $78.40 level this will be a confirmation of the hold on the new support which was obviously an old resistance and from there what I wanna capitalize on is a potential fill from about $78 up to about $80, $81 which would be the previous resistance here on Square Stock and another thing I wanna point out guys we are still holding this higher low pattern and really holding the support on the 50 simple moving average here on the 184 hour chart as well so what am I watching for tomorrow? I wanna see the hold at $78 on this new support as well as the hold above 50 SMA here, the 50 SMA to continue to push up to slowly fill the gap up to about $80.50, $81 so Square Stock is the number one stock that I'm watching for this upcoming week another stock I'm watching guys rather an ETF is UWT and UWT this week guys ended up doing well for the first half of the week but we ended up tanking about $1.15 this past Friday down about 7% because crude oil ended up taking a dump and we saw it in my video on Friday morning I was talking about how crude oil was at a very interesting spot, right? We can see it was at a double top formation which is a pretty bearish formation and we can see it was there at about 57.50 where we got topped off back in the 22nd of February back in this time period we ended up tanking down to about $55 from there and we struggled getting above 57.50 again this past Friday, what's it Friday the first? Yeah, it was Friday the first of March at about 57.50 and we slowly started to dip down and what did that do guys? That gave me the confirmation of a double top which again is a bearish pattern and that is why I ended up day trading UWT on Friday for those of you guys that were called but now I'm waiting to see if we can capitalize on the upside here if we do end up filling the gap back up and we do successfully hold this old resistance as a new support at about 55.50 on crude oil which it does seem like we slowly are doing, right? We can see there's been some nice candlesticks of consolidation above this new support so now all I wanna see is a break above around $56 I would say for us to slowly break above this resistance here which is obviously an old support and whenever we break an old support it becomes a new resistance so the fact that we broke that support here it makes it the new resistance so I'm gonna wait to see for a break above $56 and from there I'm gonna be trading UWT which is the bull ETF on crude oil so that's the second one I'm watching UWT a 3x leveraged ETF that trades based upon crude oil the third one I'm watching here to add more to my position is Coca-Cola and this is one that I've been swing trading for a couple of days now ended up getting in at about $45 per share on the hold above this support from about a couple months back the middle of October and the end of August is where we got that support level and that's what I was looking at to see if we were gonna hold above this past week we ended up doing it ended up adding money at about $45 here and what I'm waiting for to add more money into Coca-Cola guys is a break above the 50 SMA here and above $46 which is what I've been talking about over the past couple of videos here I wanna see the break out of this resistance which it's slowly looking like we are breaking out we saw a couple wasn't on Friday or Thursday we got a rejection no it was on Friday morning actually if we take a look on the one day one minute we got a rejection on that 50 SMA on the one hour or the 184 hour chart which we can see here on the one day one minute we ended up pulling back from 45, 65 all the way down to 45, 20 and we can see on a longer term chart that is where we ended up getting rejected but towards the end of the market we ended up pushing back up it looks like we found our bottom and curling back up until after market hours we actually popped back up to 45, 50 so this is a good sign that we're slowly getting out of that resistance here from after market hours on Friday so I'm keeping an eye on Coca-Cola very closely guys and another one that I'm currently in that I wanna add more money potentially into if we do end up pulling back a bit and holding this 137, 137.50 support is J&J and this is one that I've been swing trading over the past couple of weeks with a gold target price to sell at about $140 which is the previous support which is now obviously a new resistance so this one guys it's been a slow mover I've been holding it for about two weeks now and I'm very happy with it because I did get in at about 135.50, 135-ish right around here and I'm up a decent amount right now probably up like 2%, I don't even know exactly to be completely honest with you guys yeah roughly about 2% now on my position and I would have loved to get in a little bit more on the pullback if we do end up holding this support and start to push back up I think that could be another good entry point to continue to scale in to J&J and honestly I just like the pattern that it's shown we got the big dip, we got the double bottom here which is a good sign for uptrend reversal we're getting that we broke above the 180 and the 50 SMA, the 50 SMA is crossing above the 180 SMA which is a very bullish sign we're all getting all these signs here from J&J that it's going to continue to push up which is why I like to focus on stocks like this for swing trading although Coca-Cola is not really looking like that so that is kind of contradicting my statement but for all you guys that do know and know my strategy when swing trading I like to scale into my positions and that's what I did with Coca-Cola I added a little bit of money into it at $45 on the hold of the support I kind of did jump the gun a little bit because it's not really showing a full sign of an uptrend reversal but that is a risk I am willing to take especially with their dividend coming up here in 10 days where I will be getting paid I believe it's like 40 cents per share let me just double check that for you guys because it does have it here yeah about 40 cents per share that is a risk I am willing to take and again if we do break out of $46 that's going to be an uptrend starting because at that point it's going to be a higher high from the previous which is what we like to see for an uptrend so in terms of what I'm watching this week guys it's not that much right it's not that much really just Coca-Cola UWT of course and Jnugg is another one the Segold ETF of course I'm always watching these ETFs for potential day trades like you guys Jnugg and UWT and of course their inverses but in terms of stocks guys not too much this week just Coca-Cola, JNJ there's another one what was it guys crap I'm blanking out and of course what was the other one Walmart Walmart's one that I want to talk about as well today Walmart is one I want to talk about as well and this one's actually breaking a bit below from where I intended to get in which was at about the $99-$100 level but if we do take a look at the trend line here let me just quickly just erase this trend set for you guys if we can see this trend line we're still technically uptrending right now we're still building a higher low so what I would like to see ideally in terms of Walmart right now guys is for it to break back into the 98 or rather the 99-$100 level because if we do break above there and you can see my alert right here if we do trigger my alert what I want to see is for it to fill the gap and continue the uptrend back up to about excuse me 103-$104 which if we did get in at about $100 per share that would be a nice 3-4% profit margin on WMT Walmart stock so Walmart stock simply guys I want to see the break above $100 and for it to fill from $100 back up to $104, $105 maybe even $106 which was a resistance from back in the middle of November of 2018 so now that I talked about Jnug a couple of seconds ago let's take a look at Jnug's chart as well this is one that you guys called out in the Discord group chat again free link down below in the description box Jnug is one that's been getting absolutely hammered over the past couple of trading days we saw gold futures they got killed over the past couple of weeks Jnug ended up taking a very big beating due to this and we see a ton of margin of profit coming up here on Jnug stock we can see or the ETF rather we can see from about $13.67 down to about $9.85 that opened up a whopping 30% nearly in margin of profit but the bad thing about Jnug ETF right now guys it's not showing any signs of the support it's not showing any signs that it's pushing back up we don't really see any green candlesticks in sight frankly it's looking like a falling knife right now so if we take a look over here back to the gold futures so we can get a better understanding here and again whenever gold's going up Jnug's going up we can see gold futures they're looking like a falling knife as well no green candlestick in sight but the one thing I want to point out we do seem to be very very very oversold in terms of the gold futures we can see the RSI here is at $19 which is ridiculously oversold and another thing I want to point out is we're nearing that $12 we're actually we are at the $12.95 new support level right here due to it being a old resistance the old resistance when we break out of it it becomes a new support now this is the level that I'm going to be waiting to see if the gold futures end up holding above and if they do this could be a nice spot to enter Jnug if we do end up holding here and slowly start to push back up so in terms of Jnug's ETF guys I want to see ultimately a break back into the $10 range before even considering taking a day trade position or position in general in Jnug so those are the ones that I'm personally watching I do have a list right here which I did end up talking about Walmart so we can take that one off the list and these are the ones that you guys ended up calling out there are a bunch more that you guys did end up calling out but for the sake of this video I only picked a majority of them that I personally like potential and saw potential in because I don't want this video to be 45 minutes to an hour because that is quite a long, long video so let's just get right into these rapid fire right now starting off with Billy so Billy is one that we've been tracking over the past couple of weeks due to the nice pattern that it does have to offer but what do we see guys? just like Jnug this is showing a falling knife pattern quite frankly we see the top at about $21.50 we broke the first resistance here or the support rather at $19.50 it's looking like we're breaking the next support at about $18.30 we had about a 5.2% red day this past Friday and right now the next support level for Billy based off this chart I would say is at about $17.00 per share and I do think there is potential for some more sell off in Billy down to about $17.00 per share where that would be an attractive price to potentially buy in because that would put it right at the support level from back in the beginning of February and it also put it right on that $180.00 SMA support level as well and at this point the stock is going to be so battered down that it's going to be extremely oversold on the RSI as well and it's honestly already looking oversold here basically at the $37.00 level close to that $30.00 level which is extremely, extremely oversold so this week Billy can do very well we got to just wait and see where it's going to bottom off at and where we're going to slowly start to curl back up and there's going to be a ton of margin there whether it's at $17.00 back up to about $18.00 it's about $4.00 or 4% whether it's from $17.00 back up to $19.50 which is about a 10% and of course if we get all the way back up to $21.00 which is a bit unlikely but you never know in the stock market anything can happen that would offer about 17% in terms of Billy so overall I would love to see the pullback down to this level right here for a nice entry point for the potential 4%, 5%, 6% margin up to 16% margin of profit that it does have to offer so NEO is another one that we got a lot of requests for let's talk about this one very quickly so NEO stock for all you guys that don't know this is like the Tesla of China I personally haven't done much research into NEO if I'm completely 100% honest with you guys but this stock or rather this company did IPO back I believe in September of 2019 or 2018 we can see it went from $5.00 up to $14.00 there was a lot of money being made in the two days that it did IPO I remember that day very clearly and from then we ended up falling off all the way to about $6.00 held that support nicely for about a couple of months there and now it's looking like we're slowly breaking out we broke out of the resistance at about $8.40 we popped up all the way to about $10.30 and now we're pulling back and it's looking like we're trading right around $9.95 to $10.00 we closed the day at about $10.06 so what am I watching here for a potential further breakout in NEO stock and remember guys stocks like this you know skeptical stocks like this could end up running 10-15% in a day you know it does happen we can see here this one ran from $6.00 to $8.00 in a matter of a day or two it ran here a lot ran here in the span of a couple of days so what I'm waiting for in terms of NEO for a further breakout would be a breakout of around $10.00 and $20.00 roughly because that is where we ended up topping off back towards the end of February we pulled back to about the mid $9.00 range and now we're slowly starting to curl back up so either two things can happen here one will break out of the $10.20 and continue to push up and probably end up hitting $11.00 if the stock does end up getting hot and of course if it does end up getting some volume another thing can happen is we're going to end up double topping here which is a bearish formation and we can slowly start to sell off back to that $50.00 SMA support put in the stock in my opinion maybe back down to around the higher $8.00 range maybe a $50.00, $8.75 or even the low $9.00 range so that's what I'm personally watching and it does seem like we have an earnings report on the 5th of March so actually this should be a stock for everybody's watch list because stocks like this guys mark my words they end up going crazy to the upside or to the downside especially after earnings and the fact that there's earnings in two days here I'm probably not going to be trading this one till after earnings because that's what I typically do I don't like holding or trading anything before earnings or especially holding through earnings that's a massive no-no in my book if you want to day trade it the day before earnings that's fine in my opinion again that's my personal opinion but holding through earnings is a bit too risky for me especially for NEO so in terms of NEO we're going to be waiting probably till the latter half of this week to potentially trade it and see what it does after their earnings report so another one Boeing stock ticker symbol DA very simple here guys I've been saying this over the past couple of weeks I got a request for this one about 2-3 weeks ago when it was at like $425 per share roughly around here and I said the same thing at this point guys Boeing is very overbought it's at all-time highs and I don't like to invest or even trade stocks when they're this high because at any single moment this can sell off pretty drastically Boeing is a larger company it's a very large company actually it's been along for a long long time it's been around but things like this sell-offs can happen to any stock no matter if it's a big stock large cap, penny stocks of course those are more likely for the big sell-offs to happen but I typically stay away from stocks especially at their all-time highs am I saying that it's going to stop running 100% absolutely not guys because I did say the same thing a couple of weeks ago and if you did buy it a couple of weeks ago when I was saying wait for the pullback you probably would have made about 3%, 4%, 5%, 6% on your money but again this is my strategy I personally don't like buying at the high points here you're wishing for more highs and you're not getting in at the absolute best price sure if you were to get in on this pullback from 413 to 400 if you were to get in here that would be a pretty good price to get in for a swing trade I would not deny that but we're already at the high point right now so what I would wait for we can wait for the pullback to the 50 SMA which has proven to be solid support in terms of Boeing it's already at all time highs I want to wait for a pullback probably down to about 430 before building a position so TWLO let's take a look at that one very quickly TWLO very similar here guys it's already at highs at about $123.90 it does seem a bit overbought here on the RSI let's take a look if this is the all time high this is the all time high in TWLO am I saying it's going to 100% stop moving right here it's going to pull back nope I'm not saying that I cannot tell the future but my strategy guys I don't like buying at highs I like buying at dip points when the uptrend pattern is confirmed and it's continued to push up really guys we all know this by now I like to get in for example for this one I would have been eyeing it up on the pullback here from 118 to 104 for a potential entry not all the way up here we could get in let's say if it pulls back down to let's say 110-113 that could be a good price to enter but for now I'm waiting for the pullback in TWLO but I'm not saying 100% that the pullback is coming it can continue to push up all we know guys no one truly knows what is going to happen we just have to react when the stocks are obviously open when the market is open that is when we can make our decisions based off of the data that we get here on the think or swim platform so Amazon, AMD, McDonald's let's take a look at these stocks Amazon I was looking at this one earlier actually it's looking pretty pretty solid here we broke out of this downwards trend back in the beginning of January a lot of stocks have been breaking out of their downwards trends in 2019 in general we all know the markets have been soaring but what I like about Amazon stock right now is we're holding this one ADSMA support very nicely but we see a strong resistance at about 1675 so really very simple I would love to see a break out of 1675 maybe back into the $1,700 range and from there guys from 1,700 back up to about 1,760 I think that would be a solid solid move right here in Amazon just wait for that break above there that would be what I'm waiting for in terms of Amazon AMD stock this one's looking like a double top at about what is that $25 but we are on the pullback excuse me we are on the pullback here at about $23 and it does look like we're holding that pullback which is a very very good sign so actually I do really like AMD based off what I'm seeing here we did have a couple of days of push up let's see one day two days of higher highs higher lows based off the smaller term chart that is a good sign that we did find a support on the larger term charts but now what I want to see guys is you can see this level right here at $25 which was an old resistance we are right at that level what I want to see is for us to hold above here and slowly start to fill the gap back up to about $25 so basically from $24 to $25 I think that's a very very attainable trade in terms of AMD and that is what I'm watching in this particular stock let's take a look at Mickey Mickey D's McDonald's guys the largest, largest fast food company in the entire world hands down let's take a look what is going on in this particular stock here well this stock guys we all know it's a defensive stock it does well whenever the overall markets are typically selling off which is why we see from the month of October up to you know the end of December roughly you know this stock was doing absolutely crazy right just like Coca Cola just like a lot of these safer stocks Proctor and Gamble these do very well when the markets are doing poorly right you know because people are flooding their money away from growth stocks which is why a lot of the growth stocks got hammered into value plays into safe companies where people think their money will be safe pretty much right very very simple here so this stock right now guys you know it pulled back back in the you know the end of January from 188 down to about 174 this would have been a very good spot to take a position but now this is honestly in a very tricky spot we do see it's a bit overbought here on the RSI we are approaching resistances at about 186-187 right here so I would be kind of cautious I think it's a bit too late to be quite frank to get into McDonald's stock right now especially if you're looking to swing trade it because let's say you do want to get in now with these resistances it really offers about 1.3% profit and a lot more loss potential than the profit potential so as of right now you know I think it's a bit iffy to get in here but let's say we do break 187 maybe you want to capitalize on 187 to 191 even then guys it's still you know there's still a bunch more potential for loss than potential for profit so honestly I'm not too interested in trading McDonald's stock until I see a pullback maybe back into the 170s at this point that's just my honest opinion on McDonald's stock ticker symbol MCD 3 more to cover before we do end off this video guys CMG Chipotle XOM and ACB let's take a look at Chipotle's stock which again is joked upon heavily that I pushed the stock of Chipotle because I tend to eat Chipotle about 2-3 times a week and to be completely honest with you guys I've cut back on my eating out recently I've been trying to save a bunch more money because saving money is the best if you are an investor and you're obsessed with the stock market which I am because you get to put more money into the stock market right so I've been cooking a lot of my meals I haven't been eating much Chipotle recently but it is funny when we do joke about that in the discord group chat we push up the Chipotle stock because I eat a lot of Chipotle but I actually have not been eating much Chipotle recently just to be completely honest with you guys but in terms of the stock what I want to point out here is the longer term chart on this 3 year 1 week chart actually no that's not it the 20 year 1 month chart so for all you guys that don't know Chipotle stock has actually been a $700 stock before we've seen that in 2015 we hit $750 then we sold off all the way down to about $280 Chipotle had some problems with its lettuce I believe like E. coli a lot of things were getting recalled, a lot of stores were having problems people and investors especially were flooding out of the stock due to this which is why we see the big dip but now we saw a solid earnings report I believe the stock has been turning around very nicely and now we're at a level at a previous support and this is a new resistance for us guys right at about $611 so if you're looking at the 184 hour chart you might say ok this is very very overbought I'm not going to be buying into Chipotle stock as a potential swing trade but then if you look at the 3 year 1 week chart or note the 20 year 1 month chart you can see ok there is some more potential in Chipotle stock about 20% back to the all time highs but guys you know we do see some very very strong consolidation literally look at this from the past literally from the beginning of February the stock has not budged above $611 and told this past Friday what do we see here we're slowly starting to see a higher low from the previous and we're slowly breaking up so this could be a potential break to the upside for Chipotle stock I'm watching it very closely but let's say we end up breaking back into the high $500 level that's going to be in my eyes a rejection on that longer term resistance which honestly won't be too good of a sign in Chipotle stock in terms of a technical basis so that's what I'm watching in terms of Chipotle stock let's go over XOM, ACB because I already know this video is probably about 35 minutes at this point because I've been talking a lot guys I've been talking a lot but what can I say I do love talking about stocks so XOM Exxon Mobile Corporation this is another one of those you know a lot of people consider value stocks right Exxon tanked from $87 to $64 just like many stocks did during this time period and we can see from 64 back up to $80 we've been pushing up very strongly over the course of 2019 and we're approaching we actually broke the resistance here at about what is this like $76 roughly and now we're trending up to slowly get to the next resistance at about $82 so right now XOM is at a point in time where it kind of has the same amount of margin for gain as it does for potential loss and by that I mean we have about from where we are right now up to the resistance about a 2% margin of profit potentially to gain but we also have about actually we have more loss margin for potential loss we have about a 3-4% potential for loss on this stock as well so unless we get a break out of here the resistance to test the next all-time high let's just say the high at about $87 you know that's what I'm going to be waiting for to trade XOM or if we get a pullback back down to about $78 on this 50 SMA support that could be another entry point but at the point we are right now I'm not really considering trading XOM because again we saw 2% margin of profit because 4-5% margin of loss so I would love to see a little pullback here tightening up that margin of loss and opening up expanding that margin of profit so we can profit on the potential upside so XOM is looking solid but would love to see either a pullback or a break out to the upside but I really think we are more likely to see a pullback than a break to the upside because stocks like this they don't technically sometimes on earnings report but they don't always pump up 10% in a day you know that's not really too likely but again anything can happen but I'm just really speaking from experience here so that's XOM and the last one we are going to talk about today is Aurora Cannabis ACB so let's quickly draw out some resistances here on Aurora Cannabis and we can draw out some support levels as well guys it's actually looking like it's pulling back slowly to the support level at about $7 flat and what that's going to do is that's going to open up a ton of margin of potential profit and it's tightening up that gap for potential loss so if we slowly get to $7 and we hold above that 180SMA as a support that's going to be a good sign that we are slowly starting to push back up and at this point I'm going to be waiting to hold on this support to potentially fill the gap back up to about $820 which is a very clear resistance so right now guys it's looking like kind of a head and shoulders here the shoulder, the head and the shoulder which is why I do think we can pull back a little bit more but keep an eye on the support if we do hold this we can potentially fill the gap back up to the upside so that's it for this video I hope you guys enjoyed the video if you did feel free to leave a like drop a comment subscribe to the channel if you're new turn on the notification bell so you're notified every time that I do make a video I'll catch you all in the next video thanks again for watching and supporting peace out