NYSE:TEVA has been trading sideways for 3 months forming a symmetrical triangle chart pattern. Symmetrical triangles could be a continuation or reversal pattern. That said, I am looking for the stock to breakout to the upside for a long trade.
OMEX broke out on Thursday from its 4 months rectangle consolidation pattern. Had a wide range breakout bar and pulled back into Friday session.
NYSE:JBL holding well right below the $36 level of its ascending triangle chart pattern resistance boundary. A break of that level could set the stock for a run to chart pattern price target identified on the chart.
i have alerted to the setup before the breakout on August 3rd. below is the chart from then.
failed the breakout and back in its rectangle trading range. A yellow flag warning for now.
If you bought CAT's ascending triangle breakout yesterday, watch out for the weekly trendline resistance that is most likely going to get tested today ;). Its the reason I skipped this trade.
I posted about NYSE:ARD consolidation ascending triangle chartpattern a week ago. Today, the stock closed well above its 200 MA and at the same time close above pattern horizontal resistance line. Chart from last week is here
NYSE:DOW I alerted to the breakout over the weekend and the stock made its move out of symmetrical resistance trend-line in today's session. Once in a trade, use your risk management skills and your pre-defined stop loss. Post from the weekend.
NYSE:AMCR broke out of its 2+months cup and handle chart pattern. I alerted to this setup on July 28th. Stock pulled back and made a deeper handle before breaking out in today's session.
NASDAQ:TITN the day is not over yet but so far, TITN looking like its on its way to breakout of its 2+ month consolidation to the upside. I came across this setup during my weekend research and have not had the chance to share it until now.
I've alerted to this setup few days ago here. Today, ascending triangle breakout price target has been reached.
NASDAQ:GH has been moving sideways for 2+ months forming an ascending triangle with a very well defined resistance line. The stock reported earning last week and looks set to breakout this week.
NASDAQ:IDN been trading sideways for the last 3 months forming a cup and handle chart pattern. Earnings in 2 days so buying a breakout ahead of that, obviously, comes with its own added risk. None the less, i good setup to watch how it unfolds this week. Good luck.
NYSE:DOW another stock consolidating in a symmetrical triangle chart pattern that looks like its ready to breakout this week.
NASDAQ:DLTR looks set to complete its 2+ month symmetrical triangle chart pattern. Once the breakout is under way, price should make a run to chart pattern price target identified on the chart.
NYSE:RE seems ready to breakout from a 2 month cup and handle pattern with a well defined horizontal resistance line.
I posted about the 1 month rectangle consolidation chart pattern the nasdaq was forming. It broke out on Thursday and pulled back Friday.
NYSE:CHWY fell short of its rectangle price target by $0.40 cents. When you enter a trade, use your trade management skills to judge when to exist your trade. I posted about the breakout here.