Just like $NFLX, $GOOGL is creating a inverted head and shoulders pattern with the Fed statement looming. RSI, MACD, Stochastics all pointing upwards. Fed will be the catalyst for the setup to work.
$NFLX is creating a inverted head and shoulders pattern and breaking over the downtrend line. Fed announcements are about an hour away, so anything can happen but it looks to be bottoming here. RSI, MACD, and Stochastics are also perking upwards at the moment.
Held $14.5 - $15 area and finally broke above the descending trendline and now after a quick visit back to the trendline reversing direction. Possibly sees a big move higher over the next few months.
Since its initial IPO run and deflation since then, $TWLO has been consolidating well for the past year. On a weekly basis it is above its 8, 21 and 50 week averages. It is also looking great on a daily chart. Earnings are due out in 3 weeks but on a long term basis this might be the time to get involved with $TWLO.
$CYBR has been basing well since the last big drop and is now looking ready to break out of that base. It might go up to 45.5 (weekly resistance) and 47.5 (200dma) but earnings are around the corner as well.
Nice reversal today. It looks good to make a move to the upside following the downtrend and consolidation. Earnings are in about 3 weeks. Does it run up before that?
$PANW hasn't gone anywhere since the start of 2016. It has been consolidating making a triangle in the process. If it breaks above the downtrend line over the next few weeks we can see it go much higher. Above $155 is where the jet propulsion starts. If so it could easily see $200 in the year 2018.
$FEYE IPO was almost 5 years ago. It went to the moon and returned to be kept locked up at the bottom of the abyss for the past 2.5 years. In a long term scenario, this stock might play catchup to its peers once it crosses above $20 mark.
ADSK is forming an inverted head and shoulder pattern. Above $140 and it can run to about $160.
$RTN consolidation looks ready for a breakout once it breaks over $214 with authority. It could easily go to the highs from April 2018.
$AFL has been running a narrow $4 range all year long. Earnings are coming up in just under 2 months time. I anticipate it to go up and break out over $46 soon.
After consolidating for the past 6 weeks or so, $DO is ready to take off again. It is creating a cup and handle pattern on the daily chart and trying to break over the flat line on its weekly chart.
In a little over the past 3 years X has seen highs and lows and in the process is making this huge cup and handle pattern, going into its earnings next week. Earnings will determine its direction for the most part but based on the overall economy and the border wall and need for steel, it might just be getting started. If after earnings it stays in this narrow...
$MGM is looking to come out of its base that is has been consolidating for the past 6 months or so. Daily and Weekly both good look to continue the strong uptrend.
Oil is moving up and DO is coming up on a big crossroad where the prior resistance of $15-$15.50 area is going to be tackled. At the same time it is also at the descending trendline that started 3 years ago. It is flagging on the daily chart as well. Does it have enough power to correct its course and go up from here? A lot will depend on oil prices and earnings...
Flat topping over the last 3 weeks and now looks ready to breakout of that pattern.
ACIA is consolidating since April with a series of higher lows since July. If it breaks the trendline for higher lows, it will lose momentum and go down fast. However, if it holds this spot and reverses it should break the $50 barrier.
After almost a year long consolidation between $67.50 and $79.50 it looks like it will try to break north. Could see some more consolidation around $80-$82.50 but after that it should revisit the highs. This is a long term play, could take a year for it to reach the highs