NEE was operating in an ascending channel until September 17, 2021. Technical Analysis for NEE is hard to pinpoint due to energy sector volatility.
Square is now operating in a descending channel having recently come off an ascending channel.
In this technical analysis, I give you an explanation for GE's price movement. After every major market correction, GE forms a bearish flag. It is my hope that after the pandemic we see another flag. The market corrections are labeled. The percent increase/decrease is measured left to right from the arrows. If you notice in the last two flags, the price hit the...
General Electric formed a Head and Shoulders pattern starting on June 17, 2021, and ended on July 15, 2021. This pattern was soon followed by a breakdown. Since then, the stock has been operating in a horizontal channel with resistance at $107 and $98. Look to enter the market around the lower resistance mark.
There's a lot of action going on here in a short time span. I have identified three different stock patterns in CIDM over the past 6 months. The first pattern is a simple horizontal channel. The second is a head & shoulders pattern. The third (current) is an ascending channel.
PNR has formed a symmetrical triangle which resulted in a break out.
XSPA has been operating in an ascending channel. There have been two breaks but both times that stock has returned back into the ascending channel. One break would be enough to scare away investors, but two breaks seems rather odd. What caused these breaks? From what I can tell, the stock seems to be doing well with COVID-19. XSPA offers onsite testing for...
AYX has formed two descending channels. The first channel had a short breakout followed by the second channel. The second channel is interesting because it breaks but re-enters the channel shortly. AYX is still operating in the descending channel, but I'm not sure whether to be excited or concerned. The break and re-enter on the second channel will worry most...
MU has formed several bearish flags in the past month. It looks like there's another potential flag forming currently.
AMD seems to be forming a falling wedge. The target price should be set to the height of the wedge.
Alibaba seems to be forming a bearish flag. The one flaw in particular i'm worried about is July 27. That day looks like an outlier. What I believe caused this downturn were the rape accusations.
Apple has formed a double top pattern. This is a 1m chart.
Intel looks to be forming either a ascending triangle or bearish pennant.
Intel looks to be forming a bullish pennant.
I will be posting some DD on META tomorrow. Check it out on reddit at r/DoctorStock.
I originally bought BYND @ $112 a few weeks ago. Since then, it peaked @ $160 amid news of recent hire Phil Hardin to CFO. Hardin was considered a "veteran" at Amazon where he previously worked as a VP of Finance. I'm waiting to confirm this pattern. If it hits $150 before the end of October, I will sell. I will then buy back in where the triangle forms around $117.
I discovered a gem-shaped pattern that I call the Ruby Pattern© . Inside is another pattern I call the Lance Pattern© . Let me know what you think. Aside from the pattern itself, the market for semiconductor chips is incredibly hot right now. Intel CEO Pat Gelsinger predicts this trend to last until 2023.