PYPL has been in a descending channel for over a year. From March to May 2023, PYPL traded in a rectangular formation. RSI during this period hovered around 50. However, the volume wasn't enough for breakout. After Q2 earnings, PYPL broke down from the rectangular formation. In June-August 2023, PYPL has been trading at a higher volume. It bounced from a double...
WSM is in a similar position as it was in beginning Feb 2023. Stock fell from the same level (high of approx. 145) to a low of about 125. Unlike in Feb 2023 when the stock bounced to 130 before falling again, this time, it has again reached the high of 145. A cup and handle formation along with a bullish pennant seem bullish. However, the neckline of the large W...
(i) There is a cup and handle formation. (ii) Price bounced from a key support level with multiple bottoms (125 price region). (iii) On 1 September 2023, price gapped up. (iv) Squeeze Momentum indictor on daily chart has turned dark red from red, showing decreasing bearish momentum. On weekly chart, it has just turned green, showing increasing bullish...
FNV is trading in a descending channel. In its latest upswing, it has gone above the upper trendline of the channel. It has also gone above the neck (yellow line) of the double bottom formation, which is now acting as support. Bullish trend on Squeeze Momentum indicator. Move bullish volume than bearish volume in current upswing. If it doesn't lose the yellow line...
KMB trading in an upward channel. Has bounced from a major support level. Two hurdles at 135 and 142 before reaching 150.
The trendline of the uptrend which started in May 2023 was breached in early Aug 2023. However, GATX is holding 100 EMA and holding support of 122. If it falls below this first support of 122, it is likely to bounce back from the second support of 119. If not, it may go into a long downtrend, reaching levels between 100-110. Squeeze Momentum indicator is...
This is what I see: A cup and handle pattern. End of 4th motive wave. Stock to go up to next resistance level of 320 and possibly higher in the 5th wave.
SPX has gone above 200/100/50/20 EMAs. Broke the neck-line of double bottom today. One slight push and SPX's uptrend will begin. Go SPX Go!
HD hasn't been able to break a strong resistance level. The uptrend channel has also been breached. Likely to go up and down near the resistance level before losing power and breaking down.
EXPO has bounced from a major support level (multiple bottoms). Bullish RSI Divergence. Squeeze Momentum indicator bullish. Next resistance at 95.
IRDM has lost a major support level. Huge price drops thrice in last one month. It will try to go up to 50 before falling again.
IDCC is holding the resistance(July 2018, June 2021)-turned-support level. Also 100 EMA. Squeeze Momentum indicator points towards bullish trend. RSI has crossed average from below. Indications of a bullish trend.
NFG has bounced from a strong support level. There is bullish RSI divergence. Bearish Squeeze Momentum is nearly over. NFG may fall a couple of days before rising again and going up to 60 in its next uptrend cycle.
F has bounced from a major support level. It's oversold. There were two minor RSI failure swings. Lowest low was 22. Next low was 26.06. The current low is 26.34. RSI oscillator has crossed RSI average. According to Squeeze Momentum indicator, bearish momentum is getting weaker. F needs to break the neck of W formation to start an uptrend.
After reaching a high of 118 in Feb 2023, DIS has been in a continuous downtrend, forming a descending triangle. It is not at support level of 82.5. An RSI divergence has formed. Uptrend to begin in a couple of weeks, at best.
ENGI has been trading in an upward channel (red lines). It hasn't been able to break the neck of W formation this time. Likely to go down a little further, max. up to the lower red trend line and break the W neck during next upward trend. Price target of 16 by end-2023.
NDX's cup and handle formation is complete and its breakout begun. Three small pull backs before reaching 18000 by end 2023.
CVX consolidated for two months from May to July 2023 (larger rectangle). Moved up slightly and started consolidating again. Price is now above 20/50/100 EMAs and just below 200 EMA. Likely to break 200 EMA soon. Uptrend to start by end-August with PT of 180 by end-2023.