Here are the top 3 stocks we are watching for swing trades going into the week of 3/18/2024:
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$MRNA. Moderna, Inc.
High volume breakout above resistance, low volume pullback, and high volume coming back in to show support. This is a pattern I am ALWAYS looking for. Liking Moderna for long continuation with a stop below $99.90.
2. $MNST. Monster Beverage Corporation
Looking for continuation long here. $60.47 used to be previous ATH’s and this name had high volume buying coming in on Friday March 15th. I liked the S/R flip, stop will be a close below $60.
3. $MCHP. Microchip Technology Incorporated
Watching this name long. $MCHP and $QCOM have very similar steups right now. I would like to see $MCHP above $90 before longing anything. Technically, I like the high volume breakout of resistance, low volume pullback to former resistance, and the high volume buying coming in to support the S/R flip.