Tesla putting in an inverted head and shoulders pattern, probably sees 205-215 if it can get past 195
NASDAQ:ABNB is showing a inverted head and shoulder pattern on the weekly chart. Earnings are in couple of days which could be the catalyst in the next leg up.
As traderstewie calls it on his X handle Backblaze is putting in a huge J.Lo bottom. Only a matter of time.
It has been consolidating between 40 and 48 for many months now. This weekly chart has it coming up again on its 48 price point and if it can bypass it then it will go much higher.
Has been holding up long term support well and it just needs to break the trendline to go higher. It might take next earnings to propel it upwards.
NYSE:NKE is consolidating well and should start going up soon
NASDAQ:AAPL is sitting at an interesting point with earnings coming up next week. Which way will it break? My guess is higher
$SPY Looks like a failed breakout after the rate increase earlier today. Does it reverse tomorrow or does it keep going down? Might even close below the 20 dma.
With all the bank craziness around is $QQQ going to be able to keep this breakout attempt or will it break back below and fail? Breakouts in bear markets rarely work out. I am pessimistically optimistic :)
After getting taken to the cleaners over the last year, this Netflix is setting up for a small comeback. It has an unfilled gap at $333 now consolidating for a few days in a tight range around $230
$ABNB is putting in an inside day today and looking at its chart $130 is the line in the sand for it to hold. If it breaks that pivot a lot of pain will follow in this name.
After basing for the past 6 months, it looks ready to go north yet again.
Another software stock getting ready for a trip up north.
Software stocks have been hit a lot lately but they seem to be making a comeback with better charts. $SPLK is one that is lagging but is making a triangle and is almost at the apex. Its a do or die situation for it but I believe it resolves itself upwards. With earnings scheduled for around Nov 20, it has plenty of time to consolidate more or just go north now.
$CYBR is coming out of its falling channel and is looking good to break it for the upside here. Earnings are coming up on Nov 6 so might run prior to the report. Some might say it has a mini inverted h&s pattern too.
$TJX is flagging on the weekly with a triple top and a cup and handle formation.
Over the last year $WB has been decimated, going from a high of $142.12 to a recent low of $53.11 in late October 2018. Since then it has consolidated well. If market cooperates here, it could be gearing up from that consolidation to go north again. If it takes out $70, then $80 to $90 is doable.
$AMZN another one with an inverted head and shoulders pattern. 3 out of 5 FAANG names are looking to do the heavy lifting, possibly after the Fed statements.