Chipotle at swing low in downtrend channel. Expecting a move up to the 465-470 area near the 20DMA
PVTL sitting on swing low looking for a move back to the upper channel trend line, currently sits around $21. Good risk/reward setup.
Height of the cup is approximately $16 which gives a measured move to ~$110 on a confirmed breakout above the handle. #Blessed
Every tag of this upper trend line has been met with lower prices within the next 1-2 months.
Falling wedge breakout watch for T. A successful breakout could take her to gap fill at 34 or 200dma would be first area to look for.
After consolidating for a month after a big earnings beat Nike looks poised to breakout out of the bull flag.
Earnings next week will determine if the breakout has legs or if it will enter back into the channel and get squeezed further.
I took my XLF off the table from $27.04. Was only looking for a move to the downtrend line. It is hitting some overhead resistance.
Broke out above the downtrend on June 21, looking at higher highs and lows in the uptrend channel. Earnings in 2 weeks but gap fill potential around 97.94 still in play for longer term holders.
Looking at this monthly chart Netflix started to break above it's upper channel trend line. Typically when this happens it is a sign that there is some parabolic momentum and there is a good chance for a reversion back to the upper trend line. That measured move would be around the $288 zone. I would expect that area to be defended.
Twitter taking out trend line support. No one could have seen this coming.
FB is nearing it's multi-year support swing low.