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5 Key Technical Levels To Watch Today

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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. (NASDAQ: 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 (NYSE: 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 (NYSE: SQ): It’s at all-time high levels right now. There’s support at Friday’s close at $44.18. 
  • Twitter Inc (NYSE: 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 (NYSE: 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.

Posted-In: PreMarket PrepTechnicals Pre-Market Outlook Markets Trading Ideas General Best of Benzinga

 

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