HomeUncategorizedStocks WatchList - Week of 28th Oct 2024

Stocks WatchList – Week of 28th Oct 2024

I finished my screening for the weekend. Sharing my best ideas for the watch list for the next week in no specific order. I am no expert and hence sharing with a grain of salt. First 6 for today. Will share the next 7 tomorrow.

$NVDA

  • Potentially the true market leader for the next bull market 
  • Has formed a nice pattern and resting on the right side 
  • The geopolitical concerns could have an impact but setting up really nice 
  • Has a similar look to the previous two breaks in Jan and May this year.
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$ARGX – Has high growth prospects in the next 4 quarters > 100% EPS on a quarterly basis – Sitting on top of a long and large base though which is 41% deep – The handle on the right side is around 8% deep and the price is hanging on the top of the base forming a mini base.

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$FOUR

– Has formed a big base spanning 3 years with a contracting pattern. – Might not be ready yet and will likely need more digestion – Is a recent IPO within the last 4 years and has consistent Sales and EPS > 25% forecasted for next 4 quarters

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$DUOL – Has beaten me down a few times but has been growing at greater than 100% for the last 5 quarters. – Is a language learning education platform continuing to grow – Forming a high tight flag following the last quarter earnings.

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$IBIT – Waiting for Trump to win the election – Barring the geopolitical headwinds, looks prime for next move up – The crypto environment has been improving steadily as its gains main stream traction. ETH ETF and BTC ETF’s are examples – There is no turning back on its adoption

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$SG – Forming a perfect Minervini VCP pattern – It has a large cup spanning from the IPO time period. – Both the RS and price, look prime to breakout. Have a good weekend and Peace to All !



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