Lululemon Athletica (LULU) declining channel despite strong run higher. Needs to push through the $468 level to change stock's trajectory. Sunrun (RUN) attempting to breakout of the triangle. However, heavy price level resistance is pushing back on the stock here, and could see a break lower instead. Jacobs Solutions (J) ascending triangle pattern setting up
T-Mobile (TMUS) breaking out of a bull flag yesterday, with follow-through today. Strong volume as well. MedPace (MEDP) ascending triangle breakout, right after the opening bell. ZipRecruiter (ZIP) head and shoulders confirmed, continuation triangle pattern forming with a break to the downside today. Palantir Technologies (PLTR) holding the channel breakout from last month, and now
Possible that $FSLR breaks out of that base here. Very volatile and wild stock for swing trading at times. . $SPY attempting to set the stage for an end of day rally with this inverse head and shoulders forming. $CMC solid bounce off of the trend-line, with potential room to run up to resistance at
XPO (XPO) possible that there's another breakout here, but after a trucking company runs 50% higher in the past month, not sure this is where I would want to be chasing a stock at. And already showing signs of struggling to sustain the breakout recently. Major break in resistance on Friday for SPDR Gold ETF
$QQQ 30 min chart will zero chill in it. . Another breakout attempt unfolding on $IWM today. A solid push through resistance so far. If $JETS breaks out of the continuation triangle, then it has to immediately contend with long-term declining resistance. A no-go for me. Heavy resistance getting tested on $ABNB. Remains inside of
$VIRT broke out of the base and through the declining trend-line. . $IWM gapped above resistance today, and has since pulled back for a retest. Watching here to see whether that level holds, or if it starts to fade and close the gap from this morning. Bull flag in $WYNN attempting to breakout. Rising trend-line
$SHOP trading inside a megaphone, but very little else to comment on, not even crazy about what could be a bullish wedge that is forming. Chart is a complete mess, and half expect it to move back to $71 to test support. . $XLV pulling back to the rising trend-line from the October lows. Potential
$BABA inverse head and shoulders yet to confirm, and heavy declining resistance above. Previous bases similar to the current one never quite materialized with a breakout - something to keep in mind. . Keep an eye on this bearish inverse cup & handle pattern on $PDD. Not confirmed yet, but a break below $120 would
$IBB broke out of the bull flag but running into some resistance that goes back to 2022. Watch for whether it can breakout here, or pulls back as a result of a failed break. . $IBIT bull flag breakout here, representing a continuation of the current trend-line off of the January lows.