This is the best case bull scenario I see other than if we repeat the V pattern we made in 2018-2019. On the chart the late 60's / early 70's distribution phase seems similar to the 2000-2009 distribution phase. Then a long bull run followed by a flash crash of about -30% or more very quickly (a month or two) and the continuation of the bull run.
VRNT had been falling since for awhile but is now at a major support area (200 Weekly SMA and 100 Monthly SMA) and looks to be gaining support. Lots of room back to the 200 daily SMA and a gap above to fill.
AAPL has been showing weakness at the trendline resistance. Imo with the upper wicks and indecision candles the past few weeks, it looks weak, I reduced my position expecting a pullback. This could also be a bull flag and could we could see a real break of the trendline and move higher toward all time highs.
3M is currently consolidating at a long term trend line/long term moving average (100 Monthly SMA)/ and a yearly pivot level. With 3M offering an attractive dividend yield and being at an attractive level it may be a good fit for some long term investors portfolio.
ATVI has earning coming up and I would love a gap above 51.50 (in the green circle) out of this consolidation causing bears to be trapped. On the weekly chart it looks like it might have put in a bear trap with that long weekly wick last week. Similar to how it crated a bull trap before the earning on 8/11/18. Playing devils advocate it could be a trap for bulls...
KHC is forming a bullish Island Reversal. Recently the stock gapped down below 29.00 and never filled. Today it gapped above 29.00. Could this be the bottom. It is a retest gap so I will give it a few days to a week to retest to take a small position.