3/28 FREE: Morning Market Briefing
3/28 FREE: Morning Market Briefing
FREE Morning Market Briefing
Good Morning Traders!
As you know we relocated right next to the NYSE on Wall Street.
We are thrilled to back in the Financial District of the entire world!
Also, for our Free report readers make sure to visit LussosResearch.com! We want you on our Pro Research Reports!
PRO SUBSCRIBER STOCK COMMENTARY
This segment we will go over a few stocks some of our PRO readers texted us to look at. If you want to have us look at stocks for you then make sure to join our PRO Reports Reports
SPT
Looking at the weekly chart on $SPT you can see that it found support at a prior support area but, now is seeing resistance around a prior resistance area.
Over $82 is where this stock needs to be to gain momentum in our opinion.
The issue their is probably a lot of bulls trapped in this so any rally could be met with selling as traders are looking to get out ‘breakeven’. This is called overhead supply.
Read more on Overhead supply here: https://www.investors.com/how-to-invest/investors-corner/stock-chart-reading-overhead-supply/
GME
GME ran up on nice volume last week but around the $160 area is a area to watch as well as the 200 day moving average.
In our opinion the risk/reward is not ideal up here unless it gets above $160 for a potential momentum trade.
TSLA
TSLA broke out as we called this around $850. It is trading higher this morning and is breaking out on a short squeeze. This stock is volatile and is prone to large short squeezes and remains on high alert for a potential short squeeze to continue.
TLRY
TLRY broke out of a sideways base last week and this week we want to see if it holds around $7.50 which was prior resistance as new support!
Traders, this is a free version of our report. For much more detailed reports please go visit Lussosresearch.com
Last nights report for PRO:
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