WATCHLIST: AAP, ABNB,BKI,CTXS

ADVANCE AUTO PARTS Inc. (#AAP)

- The stock stopped the bearish swings at $ 188, strong resistance area for March-April 2021

- MACD is crossing higher even if below 0

- Low RSI which could support bullish movements

- A close above the 50MA could lead the stock to resume the uptrend


Possible entry $ 195.00 - $ 196.00

Target $ 205.20

Stop loss $ 191.00


AIRBNB Inc. (#ABNB)

- On the 4-hour chart, we can better understand the strong role of support and resistance that the 100MA has played since February 2021

- After strong bearish moves, #ABNB is returning to near the 100MA

- A push and close above $ 150 could lead to a further extension of approx. 10%

- Relatively high MACD and RSI, the price may consolidate before breaking out of $ 150


Possible entry $ 155.00 - $ 156.00

Target $ 170.00

Stop loss $ 147.00


BLACK KNIGHT Inc. (#BKI)

- The stock, after a strong bearish phase, consoled itself between $ 70 $ 74 which now seems to want to break up

- A breach of the 50MA combined with a break of the bearish channel, could lead the stock to strong swings to the upside

- MACD is approaching 0, a breakout would confirm a bullish moment

- RSI is gradually increasing, which could support the leg higher


Possible entry $ 74.00 - $ 75.00

Target 1 $ 76.00

Target 2 $ 82.00

Stop loss $ 69.50


CITRIX SYSTEMS Inc. (#CTXS)

- The stock recently dropped to a strong support area

- With the break of the 9-day average it seems to want to exit the bearish trend

- The highest volumes are at $ 110 and $ 141: when #CTXS is at one of the two levels, it tends to move quickly towards the other

- Relatively far from average to 50 days

- MACD crossed higher although well below 0

- RSI has left the oversold zone


Possible entry $ 118 - $ 117

Target 1 $ 124

Target 2 $ 135

Target 3 $ 140

Stop loss $ 110

OTB Global Investments

7 June 2020

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