**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
NVDA has turned above the extreme low of the early bottom formation. This is a sign of strength. The stock also has some Dark Pool Quiet Rotation™ going on at this level.
Nvidia has bounced up from a slightly higher low than its previous low. This may result in a bottom formation developing slowly over this summer.
FDX is an example of a failed short-term bottom formation. These bottoms develop too quickly and are unable to fully complete the formation. This stock is now poised to retest the prior candlestick pattern lows for support.
ROKU gapped and ran in a long white candle pushing through prior highs’ resistance easily. ROKU recently had a strong earnings report. This pattern completes the bottom formation.
Paychex Inc. has begun a sideways pattern after a strong move out of the bottom formation of early January. The sideways pattern provides support for the next trend upward.
Gilead Sciences, Inc. is testing the resistance to begin completion of this longer-term bottoming formation. The W bottom formation has tiers of resistance to overcome. Hybrid Leading Indicators show strengthening pattern.
JD is now near completion of its intermediate-term round bottom formation. The resistance above price is weak with adequate upside potential for a swing or day trade. There has been intermittent quiet accumulation during the bottom formation.
CERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.
Ford Motor Company has been in an intermediate-term bottoming formation that completed recently. The stock gapped after a strong earnings report. The stock has sustained the gains from the gap. The stock may shift sideways or consolidate before resuming an uptrend.
CDNS is shifting sideways after a strong run out of a bottoming formation. The sideways action patterns out some of the speculation and provides support for the stock to move higher.