Charts to Pay Attention To!Just surfing the charts, seeing what's going on with stocks I haven't traded in a while and seeing a lot of things that I am like "Why is no one talking about it?!".
Let's start (also, these are not math based assessments, simple chart setup based assessments):
1. Pfizer, the most obvious. We have it forming a descending triangle. Whether these are bearish or bullish tends to be hit or miss but generally they signal an impending bigger move coming. Be watching to catch it!
RTX
2. RTX has broken out of a demand zone and is holding. This zone has been a reflexive area as of late and historically where RTX bounces. It has an overhead gap around 91 to 92 on the hourly chart. If RTX holds this breakout of the demand zone, the next area of slight resistance is around 91.
CLX
3. CLX (Aka Clorox) honestly takes the cake. This is a really convincing chart and I am planning on probably scaling into a position for a longer term hold on this on Monday. Solid fundamentals as well CLX is trading in a low it hasn't seen since around 2018, this is something both investors and traders should be watching closely!
CP
4. Ah yeah, the notorious bullish bird. My personal favourite (and invented) pattern. We see that CP has broken up of the fluttering wings of my notorious bullish bird. Positive momentum with it favoring a bullish continuation into next week based on a simple probability assessment. We should be seeing it hit the 80 mark very soon and expect to see some pullback before any continuation up. But I am personally watching this myself.
T
5. Poor AT&T. Regardless of your position on this company and its practices T has not seen these lows since 2009. Its extremely oversold and its likely going to rebound in a massive way and you can bet that I am going to be looking to enter on Monday.
TMO
6. Company with a sick name. Does a lot of research analytics stuff. I am not overly familiar with their fundamentals, aside from solid earner and established company that has continued to deliver to investors, which is great, but so is its chart.
That's it!
Just wanting to draw notice to some of these more neglected stocks that not many think about.
Hope you found it interesting!
Trade safe everyone!