MU retested its bottom lows; it will find support at a higher level after reaching above the top red line drawn on the chart. The Basing Bottom created sufficient hidden momentum as the stock gapped and ran vertically up to resistance.
SWKS has formed an Island Gap, after retesting the prior support level above the low of the bottoming formation. The recent gap creates the Island Gap formation. This kind of gap tends to not fill easily.
CSCO has plenty of Buyback activity; however, it has remained stuck in a trading range pattern since last May. CSCO has Dark Pool Quiet Rotation™ Candlestick Patterns occurring within this trading range.
MMM had a massive High Frequency Trader gap down in April, but has now found support at a previous low from 2016 that is a fundamental support level. Massive Smaller Funds Volume Weighted Average Price selling occurred after the gap down. The bottom has shifted the trend to the upside.
UTX recently had a High Frequency Trader early morning huge black candlestick, which triggered Smaller Funds’ Volume Weighted Average Price orders. The Buybacks have struggled to maintain price at the support level, which is around $121.
GS continues to struggle to break out to the upside from its trading range, which started after a High Frequency Trader gap up last January. There is Buyback activity as well as Dark Pool Quiet Rotation™, and those Buybacks are holding the stock in this range.
HD recently ran up on Buyback action, and it has stalled below the previous All-Time High. There is Dark Pool Quiet Rotation™ in the price action at this level.
IBM has been trending sideways, and recently filled the gap up from 4th-quarter earnings in 2018. IBM has formed an intralevel short-term bottom, which is at a short-term completion level.
DIS has a classic compression pattern as it works to overcome the extreme high, after a High Frequency Trader huge gap up. It was followed by Smaller Funds’ Volume Weighted Average Price automated orders, and ran up to an Exhaustion Dark Cloud Candlestick Pattern.
BBY gapped up on earnings news last quarter, then failed to complete its intermediate-term bottom. It did find support at the gap low, but now faces the challenge of resistance above the current price.
WDC ran speculatively out of a retest of its recent short-term bottom. A gap series formed with an exhaustion gap below resistance from the failed attempt to complete the bottom.
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.
ADBE gapped over a short-term high resistance area and moved up on a velocity run. This is a new all-time high for ADBE.
CERN has shifted sideways after a breakaway gap by High Frequency Traders followed by a momentum run upward. CERN has now shifted sideways, which can provide a strong support for another momentum run.
JD started to retest the bottom lows, but it has bounced off of higher support within the bottom. There is mild hidden accumulation at this price level.
AMZN ran up on buybacks that moved the stock up rapidly. Meanwhile, a slow and steady Dark Pool Quiet Rotation™ Pattern with incremental selling of this stock continued. The stock faces stronger resistance above the current price.
SBUX has defied the recent weak market activity, and has run up to a new all-time high. The Percentage of Shares Held by Institutions remains well above average for a big blue-chip stock.
BIDU is a huge bellwether of China. It has collapsed to a new low, indicating that the economy of China may be worse off than the official reports claim. This new low created a temporary bounce due to a severely steep selling trendline pattern.