ASML Holding (ASML) approaching a significant zone of support, able to absorb monthly selling pressures. Currently, there are two dynamics at play for (ASML). If (ASML) drops into the zone of support, the stock can rotate higher and elicit gains of 20% over the following 3 - 5 months. Also, there is nearby resistance that if settled above, would also elicit...
Zoetis Inc. (ZTS) presently testing key channel support, able to absorb weekly selling pressures. From here, (ZTS) can rotate higher to channel resistance, eliciting gains of 20% over the following 3 - 5 months. Inversely, closing below channel support would indicate a sell signal where losses of 10% would be expected over the following 2 - 3 months, where...
CrowdStrike Holdings Inc. (CRWD) presently testing significant long-term resistance, able to absorb monthly buying pressures. From here, (CRWD) can fall lower to channel support, eliciting losses of 15% over the following 2 - 3 months. A settlement below channel support would lead to a long-term sell signal in (CRWD) into 2024. Inversely, a weekly settlement...
Elevance Health Inc. (ELV) approaching significant overhead resistance, able to absorb monthly buying pressures. From here, (ELV) can reject and fall lower to channel support, eliciting losses of 15% - 20% over the following 2 - 3 months. Inversely, a weekly settlement above resistance would place (ELV) into a buy-signal where gains of 15% - 20% would be...
United Parcel Service Inc. (UPS) having previously closed below key support, showing potential weakness. However, there is significant support below present price levels. Holding above secondary support, (UPS) is susceptible to recovery over the months ahead. A weekly settlement above near-term resistance would place (UPS) in a buy signal where gains of 20%...
McDonald’s Corp. (MCD) presently approaching meaningful long-term support, able to absorb monthly selling pressures. From here, (MCD) can rotate higher to our next notable resistance level, eliciting gains of 10 - 15% over the following 3 - 5 months, and gains of 20% over the following 5 - 6 months. Inversely, a weekly settlement below key support would place...
NVIDIA Inc. (NVDA) approaching significant long-term channel support, able to absorb monthly selling pressures. From here (NVDA) can turn higher and push to new highs over the following 2 - 3 months. A settlement above a near-term resistance level would accelerate this process. Inversely, if a weekly settlement below channel support occurs, this places...
Advanced Micro Devices (AMD) presently approaching meaningful support, able to absorb weekly selling pressures. From here, (AMD) can recover and push to our next notable resistance level, eliciting gains of 10% from current price levels. A settlement above this resistance level would push (AMD) to our next notable breakout point, able to absorb weekly buying...
Borg Warner Inc. (BWA) presently approaching meaningful channel support, able to absorb monthly selling pressures. From here (BWA) can gain bullish momentum and push back to the channel top, eliciting gains of 20% over the following 2 - 3 months. A weekly settlement above a key level would accelerate this potential move. Inversely, closing below channel...
FedEx Corp. (FDX) presently testing meaningful support, able to absorb weekly selling pressures. From here, (FDX) can gain bullish momentum and turn higher into later year, eliciting gains of 20% over the following 3-5 months. Inversely, if a weekly settlement below this support level occurs, (FDX) would be placed into a sell signal where losses of 20% would...
T-Mobile US Inc. (TMUS) presently breaking through key resistance. A weekly settlement above this resistance would place (TMUS) into a buy-signal with potential gains of 5% - 10% over the next 1 - 2 months for short-term traders, and gains of 20% expected over the next 6 - 8 months for long-term investors. Inversely, failing to close above this resistance...
Amazon.com Inc. (AMZN) presently approaching significant resistance, able to absorb weekly buying pressures. Amazon.com Inc. (AMZN) is currently in a buy signal by one-degree from last week’s settlement above a key level. Therefore, bullish continuation is expected. A more cautious investor/trader may wait for a weekly settlement above the resistance levels...
Snowflake Inc. (SNOW) having come off significant channel support, is now approaching meaningful resistance, able to absorb weekly selling pressures. From here (SNOW) can fall back to channel support, eliciting losses of 20% over the following 1 - 2 months. A weekly settlement above resistance would lead to a buy signal in (SNOW) where gains of 20% would be...
International Business Machines (IBM) testing long-term channel resistance, able to absorb monthly buying pressures. From here, (IBM) can fall lower to channel support, eliciting losses of 5-10% over the following 1-2 months. A settlement below this channel support would lead to significant losses through 2024. Inversely, a weekly settlement above channel...
Micron Technology Inc. (MU) in a two-sided framework, capable of contain buying and selling pressures on a weekly basis. If (MU) were able to close above the resistance of this framework on a weekly basis, this would elicit a buy-signal where gains of 20% would be anticipated over the following 2 - 3 months. Inversely, if a weekly settlement below the support...
Netflix Inc. (NFLX) presently approaching meaningful support, able to contain weekly perhaps monthly selling pressures. From here, (NFLX) can continue higher to notable resistance, eliciting gains of 15% over the following 1 - 2 months, and gains of 20 - 30% over the following 6 - 8 months. Inversely, closing below support on a weekly basis would put (NFLX)...
D.R Horton Inc. (DHI) presently approaching meaningful support, able to absorb weekly selling pressures. From here, (DHI) can recover and turn higher to channel resistance, eliciting gains of 20-25% over the following 3-5 months. Inversely, a weekly settlement below the shown support would place (DHI) into a sell signal where losses of a similar magnitude would be...
Cheniere Energy presently testing channel resistance, able to absorb weekly buying pressures. From here, (LNG) can fall back to channel support, eliciting losses of 15% over the following 2-3 months. Inversely, a weekly settlement above channel resistance would elicit a buy signal where gains of 10% would be expected within 1-2 months, and gains of 20% would be...