SQ-PYPL Swing Trades | Best Stock Picks Today 11-24-20
BEST STOCK PICKS TODAY
Trading Game Plan: 11-24-20
PayPal and Square's Cash App have scooped up 100% of newly mined bitcoins, report says... (source business insider)
The digital token is seeing a record rally this year, according to Pantera Capital's monthly blockchain newsletter.
After PayPal announced it would allow its users to buy, sell, and hold the digital token, about 300 million active users got instant access to digital currencies.
For today's game plan we're looking to begin building positions for a long-term trade using the higher time frame weekly and monthly charts.
SQ (Square) traded into all-time highs so we plan to build the position as it moves higher.
Energy stocks remain strong and many closed on the highs. Stocks in our game plan include: FANG, XOM< CVX, MPC and COP.
TSLA stock paused for two days (as expected) near the $500 level and gave another entry yesterday for a new swing trade. the stock is trading higher in pre-market trading.
PLUG, KSS and FTCH continue to grind higher as we decide if we should add to the winners.
BA (Boeing) resumed it's advance as bullish order flow stepped back in and gave us solid day trading opportunities that we'll work into new swing trades.
Have a great day!