5 Key Technical Levels To Watch Today

The following stocks and technicals were mentioned on Monday's edition of PreMarket Prep, a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick.

You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud and Stitcher.

  • Marvell Technology Group Ltd. MRVL: $19.75 has been the low since the deal was rumored so that’s support. Below that ,there’s a gap down to $18.55.
  • Alibaba Group Holding Ltd BABA has a pair of highs near $188. The premarket high was $188.07 and there are similar highs from Nov. 8 and 13, so that whole handle will be resistance.
  • Square Inc SQ: It’s at all-time high levels right now. There’s support at Friday’s close at $44.18. 
  • Twitter Inc TWTR: The Dorsey sympathy move is on. The Nov. 1 high of $20.99 and post-earnings high of $21.96 are two resistance levels. 
  • General Electric Company GE: Has a double top from the last two sessions at $18.47 and $18.48.

Watch the full show below!

PreMarket Prep is a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick. You can listen to the show live every day from 8-9 a.m. ET here or on YouTube Live. The podcast is available on iTunes, Soundcloud, and Stitcher.

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Posted In: TechnicalsPre-Market OutlookMarketsTrading IdeasGeneralPreMarket Prep
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