This is the best case bull scenario I see other than if we repeat the V pattern we made in 2018-2019. On the chart the late 60's / early 70's distribution phase seems similar to the 2000-2009 distribution phase. Then a long bull run followed by a flash crash of about -30% or more very quickly (a month or two) and the continuation of the bull run.
APPS is retesting a Inverted Head and Shoulders pattern it has recently created, could act as support. May be a nice dip buy opportunity to keep riding this bullish trend.
Could be a great dip buying opportunity.
SERV has been falling aggressively for a few weeks but has seem to his some support at the 200 Weekly SMA. Looking to go long.
PPL seems to be respecting the 200 Weekly SMA as a resistance. Could be a nice short back down to support around 31.75.
Could TWNK find support at the newly formed 200 Weekly SMA? It seems to be holding as of now.
VRNT had been falling since for awhile but is now at a major support area (200 Weekly SMA and 100 Monthly SMA) and looks to be gaining support. Lots of room back to the 200 daily SMA and a gap above to fill.
FATE is getting oversold on the weekly chart and seems to be gaining some support as it chops on the 100 Weekly SMA. Could swing back up to the 200 Daily SMA.
INFY had huge gap down but is looking strong off the 200 Weekly SMA. Decent risk/reward to close the gap.
GDDY forming an inverted head and shoulder pattern.
Kinda sloppy but the sentiment is there.
AAPL has been showing weakness at the trendline resistance. Imo with the upper wicks and indecision candles the past few weeks, it looks weak, I reduced my position expecting a pullback. This could also be a bull flag and could we could see a real break of the trendline and move higher toward all time highs.
3M is currently consolidating at a long term trend line/long term moving average (100 Monthly SMA)/ and a yearly pivot level. With 3M offering an attractive dividend yield and being at an attractive level it may be a good fit for some long term investors portfolio.
I like this weekly chart on W. Currently its consolidating on the 100 weekly SMA , which has acted as strong support in the past. I will be watching.
ATVI has earning coming up and I would love a gap above 51.50 (in the green circle) out of this consolidation causing bears to be trapped. On the weekly chart it looks like it might have put in a bear trap with that long weekly wick last week. Similar to how it crated a bull trap before the earning on 8/11/18. Playing devils advocate it could be a trap for bulls...
I would love to add some shares around 185.
Might be a great dip buy this week off the 100 SMA and the trend line from the December lows.
KHC is forming a bullish Island Reversal. Recently the stock gapped down below 29.00 and never filled. Today it gapped above 29.00. Could this be the bottom. It is a retest gap so I will give it a few days to a week to retest to take a small position.