US Banks & Financial Sectors are ready for another fabulous riseNasdaq Banks
The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations.
Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern.
However, once the pattern broke downwards, the bank index experienced a significant decline.
Upon hitting a support level around 2,650, the index established a Double Bottom pattern, signaling a potential trend reversal.
Subsequent to the breakout above the neckline, the bank index began consolidating within a tight range.
Most recently, another breakout has occurred, setting the stage for a potential upward rally.
S&P 500 Financials
After the market crash in 2020, the index fell into an oversold zone and stayed in a period of consolidation within an Ascending Triangle formation.
Following this breakout, the financial index experienced a strong rally to the upside.
However, it struggled to break above the 700 level and began to decline.
Subsequently, the index went through a lengthy consolidation inside a Box formation.
After another breakthrough, the index surged once more and created a bullish Pole & Flag pattern.
With a recent breakout, the financial index is poised for another upswing.
Usstocks
Nasdaq & RTX Charts Suggest Promising Growth AheadNASDAQ
After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter.
Finding stability near the 47 level, the price surged within a Rising Wedge formation.
Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected.
Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend.
With two successive breakouts, the stock is currently advancing with strong volume backing.
RTX
We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past.
After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high.
However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern.
Once the pattern broke down, the price dropped back to its previous support zone.
Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level.
At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.
DHI, BX & CG - Charts Suggest a Possible Upward MovementD.R HORTON
After analysing the historical stock price, it is clear that the stock has been on an upward trend.
Following the market crash in March’20, the price began its upward movement.
During this uptrend, the price initially formed a Bullish Pennant pattern, leading to a surge after the breakout.
Around the 107 level, the stock faced resistance and started to decline.
However, the stock found support near the 60 level and started to climb again.
During this consolidation phase, an Inverted Head & Shoulder pattern emerged.
After the breakout of this pattern, the stock price consolidated above the breakout zone and recently experienced a new breakout.
It is anticipated that the trend will continue upwards and the price will reach new highs.
BLACKSTONE
After a powerful rally, the stock price experienced a notable correction.
It rebounded from the support around the 72 level.
Following an upward movement, the stock reached its trendline resistance area and faced rejection.
However, instead of dropping, the stock price began consolidating just under the resistance zone.
The stock recently achieved a new breakout.
With the RSI above 60, it suggests bullish sentiments in the market.
CARLYLE GROUP
The stock had been on a strong uptrend, hitting an all-time high at the 60 level.
However, it later plummeted by around 60% from that peak.
Following the drop, the price stabilized at a support level and consolidated for a while.
Now, the price seems poised for another breakout, potentially leading to a new rally.
With the RSI slightly above 60, it suggests bullish sentiments in the market.
PepsiCo _ Next Target is Triangle Pattern TopPepsiCo is forming a Triangle Pattern. The Next Target is the Top of the Triangle. If it doesn't Breakout above the Triangle Pattern (or) Resistance, the market is Expected to move downward again, anticipating a breakout at the bottom of the triangle. If there is a breakout at the bottom of the triangle, the market Expects a 27% fall. Because PepsiCo has been trading within two parallel lines, or a channel, since 2009. Therefore, if it breakout on the bottom side of the triangle pattern, the market could fall to at least the 0.3 Fibonacci Retracement level. Refer to this below image :
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Morgan Stanley _ Chance to Make HUGE PROFIT + 442%.Morgan Stanley Trading within the Rising Channel Pattern and has Breakout the Triangle Pattern. If Breakout above the Resistance level, market significant Bullish Trend then the 1st Target is the Channel Top price around USD 350 or more, depending on the time. And 2nd Target is the Triangle Pattern Target price at USD 572. Offering a Chance to Achieve +442 % of HUGE PROFIT. This is Long-Term Analysis, must follow the Trend Continuation Technique.
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Watch out FDX, ZION and HLNE - Prices are ready to soar!FedEx
The stock price has been following a downward trend within a parallel channel.
After reaching a base near the 145 level, the price started to move in an upward direction.
With the support of a trendline, the stock managed to break through its trendline resistance with strong volume.
As long as the price remained below the 50 EMA, it faced resistance from the 50 EMA. However, once it broke above the EMA, it found support from the 50 EMA multiple times.
The current RSI is above 60, indicating the strength of the buyers.
The MACD line recently crossed over the signal line from below, signalling a bullish sentiment.
Zions Bancorporation
After the Symmetrical Triangle pattern breakout, the price surged and reached a high near the 75 level.
However, the stock failed to sustain the uptrend and dropped to its support zone.
A Head & Shoulder pattern emerged, signalling bearish sentiment.
When the neckline was breached, the price significantly dropped to its previous support level near 22.
The stock then moved up with higher trading volume.
It later formed an Ascending pattern and recently experienced a sharp breakout.
The current RSI is above 60 and trending upwards, indicating buyer strength.
Hamilton Lane
Before, the stock price made an Ascending triangle pattern and after breaking out, the price consolidated before going up.
The stock price encountered a sharp rejection around the 115 level and fell significantly.
Following a substantial consolidation, the stock formed a Cup & Handle pattern.
When this pattern appears on the chart, it typically signals a continuation of the trend.
After the breakout, the stock price is on the rise.
The current RSI is above 60 and the RSI line is also trending upwards, demonstrating the strength of the buyers.
US500 - breakout resistance? What's next??#US500.. overall bullish trend and you can see every time market made an area then consolidate below that after that breakout and new high,
If market continue his pattern then now we have 5486 as resistance area.
If that is breakout then above that level a further bull run expected.
Keep close 5486 around ..
Good luck
Trade wisely