Software stocks have been hit a lot lately but they seem to be making a comeback with better charts. $SPLK is one that is lagging but is making a triangle and is almost at the apex. Its a do or die situation for it but I believe it resolves itself upwards. With earnings scheduled for around Nov 20, it has plenty of time to consolidate more or just go north now.
$CYBR is coming out of its falling channel and is looking good to break it for the upside here. Earnings are coming up on Nov 6 so might run prior to the report. Some might say it has a mini inverted h&s pattern too.
Over the last year $WB has been decimated, going from a high of $142.12 to a recent low of $53.11 in late October 2018. Since then it has consolidated well. If market cooperates here, it could be gearing up from that consolidation to go north again. If it takes out $70, then $80 to $90 is doable.
$AMZN another one with an inverted head and shoulders pattern. 3 out of 5 FAANG names are looking to do the heavy lifting, possibly after the Fed statements.
Just like $NFLX, $GOOGL is creating a inverted head and shoulders pattern with the Fed statement looming. RSI, MACD, Stochastics all pointing upwards. Fed will be the catalyst for the setup to work.
$NFLX is creating a inverted head and shoulders pattern and breaking over the downtrend line. Fed announcements are about an hour away, so anything can happen but it looks to be bottoming here. RSI, MACD, and Stochastics are also perking upwards at the moment.
$FEYE IPO was almost 5 years ago. It went to the moon and returned to be kept locked up at the bottom of the abyss for the past 2.5 years. In a long term scenario, this stock might play catchup to its peers once it crosses above $20 mark.
$AFL has been running a narrow $4 range all year long. Earnings are coming up in just under 2 months time. I anticipate it to go up and break out over $46 soon.
After consolidating for the past 6 weeks or so, $DO is ready to take off again. It is creating a cup and handle pattern on the daily chart and trying to break over the flat line on its weekly chart.
In a little over the past 3 years X has seen highs and lows and in the process is making this huge cup and handle pattern, going into its earnings next week. Earnings will determine its direction for the most part but based on the overall economy and the border wall and need for steel, it might just be getting started.
If after earnings it stays in this narrow...
Nice reversal today. It looks good to make a move to the upside following the downtrend and consolidation. Earnings are in about 3 weeks. Does it run up before that?
$PANW hasn't gone anywhere since the start of 2016. It has been consolidating making a triangle in the process. If it breaks above the downtrend line over the next few weeks we can see it go much higher. Above $155 is where the jet propulsion starts. If so it could easily see $200 in the year 2018.
$MGM is looking to come out of its base that is has been consolidating for the past 6 months or so. Daily and Weekly both good look to continue the strong uptrend.
