Today, we’ll be going over some stocks to watch or potentially buy in June 2022. Keep in mind, this isn’t a recommendation to buy, sell, or trade any stock—just my personal thoughts.
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Let’s dive right in.
I’ve made a quick list of stocks that could be worth keeping an eye on. These aren’t in any particular order, but we’ll go through them starting from the highest-priced stock first.
1. Intuit (INTU)
Intuit has been doing well for a while. If you look at its long-term trend since 2009, it’s been consistently going up. Recently, it pulled back to a support level, which means we might see a bounce soon.
The stock is currently hovering around the $350 support zone. If it breaks through and continues upward, it could be an opportunity.
2. Home Depot (HD)
Another strong performer. If you look at the longer-term trend, Home Depot has been consistently rising over time. Right now, the stock is down from its highs but is showing some sideways movement around the $292 mark.
I’d watch for a potential breakout above $300. Keep an eye on it for a turnaround.
3. Netflix (NFLX)
Netflix has had a rough time recently, but it’s not all bad. It seems to be finding a base after significant drops.
We’re seeing a lot of sideways consolidation around $190, which could be a sign that it’s stabilizing. Watch for any movement from here, as it could make a quick move once the dust settles.
4. Target (TGT)
Target has pulled back after its recent highs, but it’s near a previous support zone around $130.
There’s potential for a counter-trend bounce, and we might see it push back toward the $180-$200 range. Be cautious, but this is one to watch for a recovery.
5. JP Morgan (JPM)
JP Morgan has been under pressure recently, but it’s testing a descending trend line.
If it breaks above that, it could signify a good buying opportunity. Also, the stock is building up some bullish volume, which is encouraging.
6. Zoom (ZM)
Zoom had a massive run-up and a sharp pullback. However, it seems to be entering a digestion period, where it’s consolidating sideways.
If it breaks out, it could be another solid play.
7. Camping World Holdings (CWH)
This one is a bit cheaper but interesting. The stock was trending down, but now it’s moving sideways, around the $25 mark.
Watch for a possible breakout if it holds at this level. If it drops below $25, it could be in trouble, but for now, it’s worth keeping on your radar.
These are just a few stocks to watch, particularly if you’re into trading options, as they have decent volume and liquidity. Of course, nothing is guaranteed, and market conditions can change, so always make decisions based on your strategy and risk tolerance.
Thanks for watching! I hope you found this video helpful. Be sure to keep an eye on these stocks, whether for paper trading or real trades. Enjoy the rest of the week, and I’ll see you in the next video!
