it has a very weird chart which I can not estimate how it could make. UPS had a strong uptrend. whiting parallel channels it can hold an uptrend and fall below MA's. I think it could move in either direction the key levels are 50MA or the lower trendline should be broken.
it seams like there is bottom diamond pattern in DXY. I think it could break the pattern and rise.
Based on my analysis, I see a diamond top pattern at this level. I think the upcoming day EURUSD could consolidate.
since the beginning of 2023, 50 SMA and 20 EMA are strong support levels for this underlying. The stock moved much before earnings and I guess due to iv% there were no big price movements on HAL. I think it could retest Jun 2022 highs. if it fails to hold that level we could see HAL at 35s.
CSCO stock nicely bounced from its 200MA now it is above both 20 and 50 MA's I think CSCO wants to test the December high.
I see the double top pattern on ORCL also I think ORCL is overpriced it is uptrend since the beginning Oct 2022. also, the stocks' mean P/E ratio is about 20 now it is almost 30s. for these reasons, I am bearish on ORCL. I want to move opposite side I think the stock needed consolidation and then bounced up.
BAC and GS are the most oversold financial stocks . I see that BAC finds some support on moving averages and 3 MAs are crossed at the same price. this could be a buy signal for the long term and bac will test its December high or even go up. if not I think it will consolidate at moving averages.
MNST is trading between its support and resistance level since the beginning Nov 2022. I guess it can not break the resistance level and going to test its support level at 98s. Also, this stock has huge P/E ratio
I have no exact idea about this stock. it could move in either direction as it is holding - in the middle of both 20EMA&50MA. this is one of the best stocks to add watchlist but not opened a position yet. I will be back to this stock mid-next week after see monthly close on it
CCI is attractive and interesting for me at 142s price. there have 50 MA levels also in a weekly timeframe this is a substantial level. also 50 and 200 MA are crossed at this point.
I am short on kMI as I see a long-term descending triangle pattern. I guess the breakout it near and kinder morgan will retouch its 200 SMA soon.
there are interesting actions on Halliburton for the weekly and daily timeframes. I think as soon as HAL could not break 39 and hold it to bounce up. and could test it moving averages or support levels as 35s
there is a downtrend parallel channel on this underlying. also last trading day it can not break its 200 MA and sell-off. I think the sell-off could fall until 49.5 in couple days
it seems a bearish trend is going to start on M. I guess the price could be reversed from the 23.45-22.81 zone if the price break 23.45 above it could reach to 24.9 level.
I am bullish on this stock there are some reasons for it. As I see there is a nice uptrend as moving averages supported it. this week stock tested its 20 EMA and did not break it down. I guess as soon as the price stay above moving averages it could bounce up.
I see double top pattern on MU at 64.8s level. After strong bounce from it 200MA I assume it could retouch that level. I am waiting until see touch.
I am bearish on GE I think that there is a strong level between 85-87 from Nov 2021. In my opinion for this stock overpriced and needed some consolidation
I see the diamond pattern on SPX but I am still unsure if it is bullish or bearish. In my opinion, before earnings season market could consolidate and we can test the 3700-3600 range.