QCOM Bull flag is setting up for a breakout. Support form the 50sma coming in and repeated testing of resistance makes me think this one is getting close.
After testing the 200sma and finding support SE has formed a Bullish W pattern. Inside day at resistance today gives a tight Risk to reward entry here and makes me think this one is ready to go higher.
GNRC Wedge setting up for a breakout. Defined support and resistance with an inflection point imminent. Entry 332.55 Target 360+
After gapping up CRM has moved in this downward channel. If we can clear this 235 level CRM could make a run back to ATH level.
ADBE is flagging after its huge run off lows last year. All moving averages are curling up and If we can clear this 505 level of resistance then a new ATH should follow.
UPS with a strong bull flag set up to go after ATH after ripping off support. Could use a couple days to consolidate but we may not get it after closing at highs Friday. 200sma catching up for added support. Entry 176.05 Target 200+
AMZN Bull Flag pattern is setting up to go after ATH. After flushing 2900 support to shake the weak hands it was quickly bought back up and ripped back to resistance. If we can clear this 3375 resistance level i see 4000 in the near future. Nice sideways action consolidating since July. Moving averages are curling up to add even more layers of probability to the trade.
BAH Bullish flag is looking poised for a breakout to new highs. Consolidating here at this macro level. 89.55 for an entry.
CDAY with a nice ascending triangle setting up for a breakout under 85 level.
MDB with a nice flag under 238. Looks ready to break through resistance and go for highs.
With Homebuilding hot and LEN setting up with a beautiful ascending triangle under ATH resistance level, I'm anticipating a breakout to new highs.
TGT wedge pattern, coming off back to back inside days and holding up this earnings flag like a champ make this very attractive. I will be watching closely to enter on a break through 148.50 level.
DKNG is setting up with a nice wedge. Watching for a breakout through 39-40 level on volume.
GS is setting up with a nice wedge pattern. With Tech finally showing some weakness after an impressive run, Expect lagging sectors to finally get some love. Banks showed strength in the sell off last week with charts setting up for a potential move this week. I will be looking for an entry in the 214 area on strong volume.
BAC Cup & Handle inside of a wedge pattern looks good for a breakout through 27 level. With Tech selling off last week and Banks showing strength Im looking for this lagging sector to finally get some love. After the big day Friday some consolidation would be nice to give a tighter entry but we may not get it.
XP had a huge earnings reaction breakout only to reverse hard back down to defined support. I started buying up off support at the 44 level. XP made a nice move back up to resistance and now is sitting just under defined resistance. Sideways action to consolidate a few days would be a beautiful thing to give us a tight risk entry to add to our position on a...
AMD has been flagging consolidating the big move up it had last month. Forming an Ascending triangle pattern and coming off an inside day Friday makes this a very attractive setup. I will be watching for a breakout through the 87 level to add to my position.
After a nice run up into new highs CHWY is retesting 52 level turning old resistance into new support. If you have been watching CHWY and didn't want to chase it this your chance to get in.