10 CHEAP JANUARY STOCKS | SUNDAY STOCK TALK | Summary and Q&A

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January 9, 2022
by
Ricky Gutierrez
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10 CHEAP JANUARY STOCKS | SUNDAY STOCK TALK

TL;DR

This live stream discusses the current market conditions and analyzes potential stocks, including Tesla, Target, and Procter & Gamble.

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Key Insights

  • ✋ Tesla has experienced a pullback from its highs and is currently showing signs of potential support.
  • 🤘 Target is consolidating and not indicating clear signs of growth.
  • ™️ United Airlines has been trading sideways and is not indicating consistent growth.
  • ❓ Procter & Gamble is overbought and may require a pullback before considering an investment.
  • 😘 Netflix has been selling off and is making lower highs and lower lows.
  • 💄 Nvidia is consolidating and oversold, making it a potential buying opportunity.
  • 🤘 DDOG is oversold and has the potential for a recovery if it shows signs of positive price action.

Transcript

test test one two one two what's going on team it's ricky with attack but solutions hope that you guys are all having a good start here i guess not a good start hope that you guys are all having a good sunday uh so for those that are tuned in for the first time i go live every single sunday normally around 6 to 6 30 p.m mountain standard time uh an... Read More

Questions & Answers

Q: How do you determine if a stock is showing signs of recovery?

One way to determine if a stock is showing signs of recovery is by analyzing its price action. Look for higher highs and higher lows, as well as trading above key moving averages. It is also important to consider volume and the overall market conditions.

Q: How do you manage risk when buying the dip?

Risk management is crucial when buying the dip. Set a predetermined stop-loss level to limit potential losses, and consider position sizing based on your risk tolerance. It is also important to have a plan and follow it, rather than trying to predict the bottom of a stock.

Q: What is the significance of support and resistance levels?

Support and resistance levels are key areas on a stock's chart where buying or selling pressure tends to increase. Support is a level at which demand is expected to be strong and may cause the stock to bounce back. Resistance is a level at which supply is expected to be strong and may cause the stock to reverse its upward trend.

Q: How do you determine if a stock is oversold or overbought?

There are various indicators that can be used to determine if a stock is oversold or overbought, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). These indicators measure price momentum and can help identify potential reversal points.

Summary & Key Takeaways

  • Tesla recently hit highs of $1,200 but has since pulled back. The stock is currently showing signs of potential support around $1,000, with resistance at $1,150 to $1,200.

  • Target (TGT) has been struggling to trade above $240 and is currently consolidating. The stock is not showing clear signs of growth, so it is recommended to set alerts and wait for confirmation.

  • United Airlines (UAL) has been trading sideways and is not indicating consistent growth. It is advised to wait for a clear direction before considering an investment.

  • Procter & Gamble (PG) has been bullish but is currently overbought. It is recommended to wait for a pullback before considering a buying opportunity.

  • Netflix has been selling off and is currently making lower highs and lower lows. It is not indicating signs of recovery, so it is advised to set alerts and wait.

  • Nvidia (NVDA) recently hit highs of $346 and is currently consolidating. The stock is oversold, and it is advised to set alerts and wait for indications of a recovery before entering a trade.

  • DDOG is oversold and has the potential for a recovery, but it is recommended to set alerts and wait for confirmation before considering an investment.

  • TQQQ has been consistently bullish and oversold. It is recommended to buy the dip and average up as the stock recovers.

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