$PYPL breaking through the neckline of the inverse head and shoulders, also recently broke through a long-term declining trend-line. This stock could be setting up for a gap fill in the $72's. Closed out this bounce play in $W today for a +12% profit. Nice to get some positive news that helps the retail trader
$SPY Kinda looks like a rug pull if you ask me. $FDX long-term trend-line worth watching especially as it is trying to hold it despite the massive gap lower. Diamond top on $GOOGL with a hard reversal and breakout to the upside which nullifies the pattern. Which is also a good example of why in
Incredible run for $GLD of late, but on the weekly chart be aware of heavy multi-year resistance that looms just above $190. If it can break through, that is huge, but expect there to be a struggle at this level. Just when you think $PYPL can't go any lower, it breaks another important support level,
Bull flag that $FDX was so close to breaking out of is now in a full breakdown. I’m expecting a retest of the rising trend-line off of the September lows.
Keep an eye on $FSLR and this developing head and shoulders pattern. Not confirmed, but getting close.
Two key support levels could offer up some support on the weekly for $UPS.
$FDX attempting to break the 200-day MA and the declining trend-line.
$MULN Cup and handle pattern that needs to turnaround fast if it is going to keep the pattern in place.
$THCA – “Don’t go chasing waterfalls”
$CMG with declining resistance broken