LPTX has formed an inverse head and shoulders. Stocks like this are challenging to assess. They just do not have the technical history required. Never the less, i think this could be a solid play. Massive inverse H&S with ok indicator conformation.
AJG has formed a rounded top with breakout. I expect this one to at least go to $72 this week.
AVP looks to be forming a rounded bottom. The daily looks good. All indicators perking up with a rounded bottom formation. Weekly looks good. 2 x out of three indicators looking good. Same with the monthly. The only downside is this looks like a bottom within a massive downtrend. You have to be very careful going against a massive downtrend. I have used Fib levels...
MLM has formed a double bottom. All indicators look good. Weekly and Monthly time frame analysis look good. Weekly As you can see the stock has formed a series of higher highs and higher lows. MACD and Stock RSI look good. OBV is seeing some recovery. Monthly As you can see, MLM has formed a cup and tiny handle. all the indicators look good.
TAL has formed a a pennant. MACD, OBV, and stoch RSI all look good. Lower time frames all look good too.
GRUB has formed a inverse H&S. This is a short term play. No more than a month.
#MKC has formed a double bottom on the monthly charts. The daily and weekly charts look good. Macd crossing up. Stoch RSI leading up. OBV is ok. I think this will be a good one to ride this year.
SWN has formed a beautiful and symmetrical head and shoulders. you do not see to many of these. MACD, OBV, and STOCH RSI all look bearish. the overall trend is bearish. Ill probably play this one.
PVG looks like it has formed a triple top. If you look on the weekly and monthly charts, the indicators have turned negative and this formation is propionate in all of them. I have set a stop at the top of the gap on the daily chart and target at the price projection mirror. One note of caution, this stock has already plunged into a support zone and has an...
MDXG formed a rounded bottom. looks good on all indicators, it is with the trend and has a good pattern formation. I like this one a lot. Weekly looks good. MACD and OBV look good. Stock is forming an nice U shaped breakout Monthly MACD looks good, OBV not so much, but the stock continues to make a series of higher highs and higher lows.
NOC is locked into a escalating channel. As you can see from the black lines, the angle of ascent continues to rise. The MACD has set up for another up run and OBV looks good. If you scroll up to the weekly and daily, they look good too.
BIIB looks to be setting up a rounded bottom. I set a stop at the $310 mark because the is where it gapped down and made several failed attempts to recapture the up side. It finally did so with a powerful move at the end of august. I think this stock is going to get carried away with many of the other BIOTECH stocks. If you have looked at the XBI and the IBB...
STT has formed a bull flag. MACD, OBV and STOCH RSI all pointing up.
MLX has formed a double top. Stoch RSI, MACD and OBV rolling over. About a 1.5 RRR.
GWB looks to be forming a complex inverse H&S. Stoch RSI and MACD look good. OBV is ok. Nothing special. With about a 1.5 RRR, it is worth looking at. The inverse H&S also correlates with overall up trend. I would just caution, complex H&S formations usually take awhile to breakout. Weekly MACD perking up, Stoch RSI up, OBV is ok.
I would place treasuries on the short watch list. It looks like a H&S is forming. Weekly Same story. it look like a H&S is forming. OBV slowly tiring. Monthly It looks like an H&S is forming, however, it has not broken out yet. MACD could go either way. OBV looks tired.
PAI looks to be forming a complex H&S. MACD pointing down. OBV slightly sliding down...not ideal. I like this as a short. The only catch is the trajectory. Complex H&S can take time to play out. So I might watch this for a while. Weekly Monthly cross
LYB is breaking out on a defending triangle. Macd looks good. OBV breaking out of a range. Nice depending triangle pattern with an upward breakout. The best part....3.5 RRR!