Previous all time high resistance is flipped. Watching for the recent breakout to settle on previous resistance, and become support. If support level holds, blue skies ahead.
Coupang is breaking out of strong resistance that it has tested 4 times (now 5) in the past 18 months. Once it clears $20, expect it to retest the resistance band and flip it to support. Its next levels of resistance are $25 and $30 based on its previous crashing pattern. I expect this stock to reach $40 this year.
Intel stock is retesting multi-year support, showing a local triple-bottom. It just broke out of resistance, is retesting it as support. If the red resistance lines holds up as support, INTC could quickly reclaim 50-60. Value in this business is being helped along by technology advances and domestic stimulus. Explosion of AI softwares incentivizes chip development...
I see a long-term accumulation pattern on AT&T's share price, starting with an A-B-C correction in 2000-2002 followed by a 20 year accumulation period. I expect a bottom at around $21 corresponding with this year's Q2 spinoff of Time-Warner Media. I am long T for the next 10 years.
