Bolanos374

Bolanos374

Fb has to break out of the descending wedge and get get back into the trend channel. If it cannot get back into the trend channel, it will continue downward in the descending wedge and will likely make a leg lower.

Bolanos374

Appears to continue downward in the trend channel

Bolanos374

Does not look like it can get out of the downward trend

Bolanos374

QCOM recently executed a bullish bat formation, setting up for measured moves over the next couple months. Eventually the technicals suggest it breaks out of the box and sets up a price objective of $60 or more.

Bolanos374

Buffett's newest stock pick

Bolanos374

The Fibonacci Retracement lined up perfectly with my previously drawn measured move patterns. Setting up for a price objective in Mid September around $182.

Bolanos374

Trend channel becomes resistance on the breakdown.

Bolanos374

CEQP should stay in this trend channel, but is subject to crude oil decline risk, which in turn would alter the movements into smaller gains and a longer horizon on the neon circle/price objective.

Bolanos374

Looks to be setting up for a head and shoulders bottom pattern, which should in turn break the the resistance line plotted in yellow.