that is S & P 500 Strongest weekly profits since November 2020 — up more than 6% in the last 5 days. With that in mind, this is the top stock trading I’m looking at next week.
Top Stock Trading # 1 on Monday: Bitcoin (BTC-USD)
Bitcoin ((((BTC-USDIt has been trading better these days as it continues to put in a series of higher lows and holds an area of $ 37,000. It is currently above the 10th, 21st, 50th moving averages, and daily VWAP measurements.
Last week’s high was close to $ 42,590. If you clear this level immediately, or if you pause here and bring the highs twice a week closer to each other, the bull will rotate this area back and yuan the $ 45,000 to $ 46,000 area. You can go back to.
On top of that, the door to 200 days will be opened.
However, on the downside, below $ 40,000, the $ 37,000 area and uptrend support will be restored.
Top Stock Trading on Monday 2: Ethereum (ETH-USD)
Like Bitcoin Ethereum ((((ETH-USD) Also, we are doing better trading. It has already cleared the resistance of the downtrend and has also entered a series of higher lows. Also, like Bitcoin, Ethereum is above the short-term and medium-term moving averages.
Now press higher and keep an eye on the $ 3,000 area. Not only is it a great number of rounds, but it’s also near where the downtrend resistance and March highs work.
On top of that will open the door to the $ 3,300 area.
However, on the downside, below the major moving averages (10th, 21st, 50th), $ 2,500 will be re-validated.
Top stock trading on Monday 3rd place: Dogecoin (DOGE-USD)
Last but not least, the key to our crypto coverage is Dogecoin ((((DOGE-USD), This has been crushed in the recent bear market for “risk-on” assets.
The 21 days, which are currently struggling in 10 days, are just above today’s highs and have been aggressively resisting for a month. However, if you can get a push above this level, it can quickly pop up to the range of 13-14 cents and the 50-day moving average.
By doing so, it also clears the 12-cent mark, which was about January’s low and was acting as a resistance.
However, on the downside, note the 10.5 cent mark. Below that, Dogecoin is below the March and February lows, with support for the downtrend. It will come into play in the range of 8.8 to 9 cents.
Monday’s Top Trade 4: StoneCo (STNE)
Exploded on the day, StoneCo (NASDAQ:STNE) Recovered more than 42% on Friday.
The rally sent shares directly to the $ 14 resistance area, but above the 50-day moving average. We hope StoneCo will keep the latter as a support.
However, moves below today’s lows of $ 12.09 could result in 10-day and 21-day moving averages, as well as a gap fill level of $ 9.83.
On the positive side, let’s see if the stock can boost daily VWAP readings close to $ 15. This could open the door to a 50% retracement near $ 17.25 and a 61.8% retracement near the $ 19.50 to $ 20 zone.
As of the date of publication, Brett Kenwell did not have (directly or indirectly) the position of the security described in this article. The opinions expressed in this article are those of the authors covered by InvestorPlace.com. Public guidelines..
Bret Kenwell is the manager and author of. Future excellent stocks And on Twitter @BretKenwell..
