AAPL reported strong earnings in late January, but fell precipitously after. Earlier this month, it broke out of an upward channel, but bounced back off a support at 127. Given no fundamental cause for the drop, and a failure to break past the 127 support, a return back to the 137 resistance is distinctly possible. Should AAPL break past the 127 support on the...
AMD has been trading in a downward channel since the beginning of this year, with a small break above the channel earlier this month. It is currently trading at a support line that has been tested several times since mid-December 2020, at the top of the current channel. Looking toward the next week or two, AMD could continue the channel pattern down into the low...
PEP has been trending down since the beginning of this year, and is currently skirting along the bottom of the channel after an earnings miss earlier this month. The current RSI value at around 25 on the hourly timeframe places PEP firmly within oversold territory. Given PEP is currently oversold and resting on a historical support line, a move back up to the 135...
