Trading Notebook: $TOP $AMD $XLF $JNJ $JCI

By Ryan Mallory| Published On: May 4, 2023| Categories: Charts + Technical Analysis|

Stocks like $TOP are pump and dumps, yet people still never learn. They still have to chase and then blame the boogeyman when it doesn’t work out. Bearish

Big move out of $AMD on $MSFT news, but still within the short-term declining channel. Considering there hasn’t been a lower-low formed since October, may be more of a bull flag that has formed here. amd 04

Watch for the break down and through this channel on $XLF xlf 4

$JNJ Short-term double top, inside tight consolidation, but could end up resulting in a gap fill from early April.

jnj 04

$JCI bear flag formed following the head and shoulders confirmation. Watch for the break to the downside to start up the next leg lower.

jci 04

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