UPS with a strong bull flag set up to go after ATH after ripping off support. Could use a couple days to consolidate but we may not get it after closing at highs Friday. 200sma catching up for added support.
AMZN Bull Flag pattern is setting up to go after ATH. After flushing 2900 support to shake the weak hands it was quickly bought back up and ripped back to resistance. If we can clear this 3375 resistance level i see 4000 in the near future. Nice sideways action consolidating since July. Moving averages are curling up to add even more layers of probability to the trade.
GS is setting up with a nice wedge pattern. With Tech finally showing some weakness after an impressive run, Expect lagging sectors to finally get some love. Banks showed strength in the sell off last week with charts setting up for a potential move this week. I will be looking for an entry in the 214 area on strong volume.
BAC Cup & Handle inside of a wedge pattern looks good for a breakout through 27 level. With Tech selling off last week and Banks showing strength Im looking for this lagging sector to finally get some love. After the big day Friday some consolidation would be nice to give a tighter entry but we may not get it.
XP had a huge earnings reaction breakout only to reverse hard back down to defined support. I started buying up off support at the 44 level. XP made a nice move back up to resistance and now is sitting just under defined resistance. Sideways action to consolidate a few days would be a beautiful thing to give us a tight risk entry to add to our position on a...
AMD has been flagging consolidating the big move up it had last month. Forming an Ascending triangle pattern and coming off an inside day Friday makes this a very attractive setup. I will be watching for a breakout through the 87 level to add to my position.