Stocks to watch for February 24, 2025

Hey all! 👋 I'll run through some charts that I'm watching closely this week. Also, I'm making a shift towards shares (read yesterday's post for more) and focusing more on my trading psychology than trying to find the perfect setup. Van Tharp recommends spending 10% of your time and effort focusing on setups and 90% on trade planning and execution.

To that end, I've settled on the TTM Squeeze as my setup. Why? I have a few reasons:

1. It has strict rules for entries and exits.
2. It's available for free on almost every charting platform out there.
3. You can screen for squeezes easily on most platforms, especially Barchart.
4. It gives me volatility indications plus momentum in the same indicator.
5. Comparing between multiple time frames is easy and gives you extra data so you can rank potential trade ideas.

Before we get into some charts:

Let's roll through some stocks I'm watching this week:

ZLAB

ZLAB showed up in this week's IBD top 50 and there are plenty of interesting things to note here. First off, the TTM squeeze (bottom indicator) shows that ZLAB just fired off a squeeze on the daily time frame (orange dots turned green) and the momentum is up (light blue bars above the green dots).

Look in the top right corner and you'll see that the weekly and monthly time frame are red. This tells me that on the daily time frame and below, the move is underway. However, the weekly and monthly time frames haven't fired yet. There's still time to get in on this move.

ZLAB appears to be making a long, flat base with quite a bit of dark pool trading happening in the base:

It's also above its year to date VWAP line. Daily and monthly momentum is positive. Weekly momentum is negative but improving. Watch for a potential breakout around $36.60. Earnings are coming up soon!

CWAN

Much like ZWAB, CWAN has been making a flat base with some institutional trading in the base. It recently approached a breakout after earnings and it looked like the squeeze would be over, but it's still in progress. There's improving momentum on daily and weekly time frames and the squeeze is still on with both time frames.

There's been an onslaught of dark pool trades here in the base for CWAN:

Watch for the breakout at $32.71.

BSX

There's a nice history of squeeze trades on BSX. Notice how it frequently moves into a cup pattern or runs sideways as a squeeze forms. Then it blasts off. It seems to be repeating the same pattern now after a large move up beginning at the start of 2025:

Volume still looks mostly positive with almost zero distribution days peeking over the 20 day moving average of volume. Each basing pattern comes with lots of dark pool trades hitting the tape and this recent consolidation is following the same playbook:

The squeeze indicator shows BSX in a squeeze on the daily time frame with decreasing momentum. However, the weekly and monthly momentum is increasing in the positive direction. The last three squeezes fired off higher when daily momentum pulled back a bit and the squeeze dots flipped from green to orange to red. I might wait on this one to base a little before getting in.

Honorable mentions

There were some other stocks this week that looked interesting, but some flaws kept me from considering them:

• ARGX: Momentum didn't look too great, but there is a squeeze happening on multiple time frames
• WGS: Needs a base, but it has good dark pool volume around $75-80
• GRND: Squeeze on multiple time frames, but momentum is down and the #1 volume level is above the current price at $18.10
• ISRG: Looking good, but waiting on a $616 breakout
• LPLA: Dark pool trades on the way up with a daily squeeze
• SHOP and RMBS: Both testing their year to date VWAP lines, but momentum looks decent with a squeeze on

Good luck to everyone this week! 🍀