The Wagner Daily – 3 New Breakout Stock Setups ($NVDA $ANET $SEDG)

The Wagner Daily – March 29, 2022

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MTG Market Timing Model –  BUY as of 3/16 close

Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&P 500 or Nasdaq Composite.

today’s watchlist (potential trade entries):

 
open positions:

closed positions:

position notes:

• Canceled the $TSLA set up due to the gap.

Commentary:

There are three new setups for Tuesday along with the $SEDG add from Monday’s report.

First up is $NVDA, which has a bullish two-day pause within a strong uptrend as it forms the right side of its base.

The buy entry is over the three-day high with a stop below Monday’s low.

IBD numbers – RS 95, Comp 98, Acc/Dist A, group rank 48 of 197

$ANET is another two-day pause on the right side of its base. The volume has tapered off nicely the past few days and is buyable over the three-day high.

IBD numbers – RS 96, Comp 97, Acc/Dist A, group rank 37 of 197

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

• Longs –  watching $AOSL $ACLS $EXPE $LYV $PFGC $EDR $AMR
• Long off lows w/ entry over prior day’s high –  $BMBL  $SE $APP $RBLX $AFRM  $U
• Shorts – 

Press HERE (link restricted to paid members) to view this week’s stock watchlist, an excellent starting point for monitoring the health of the market and finding the best stocks for swing trading.

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