Tech Patterns: May 2014

1st May 2014:I do realise it is May and the ‘sell in May and go away’ mantra is clear in my mind BUT some of these strong stocks have charts that are setting up with potentially bullish patterns. Trend line breaks should offer guidance here about any breakout move:NUE:

TSLA:

PEP:

TJX:

WAG:

WMT:

ADBE:

BTU: the monthly close above $19 is bullish and suggests this may have bottomed:

FB: H&S or Bull Flag: let trend line breaks guide you:

HPQ: this bullish ‘Inverse H&S’ continues to perform:

MGM: some consolidation before the next move higher?

MU: this looks to be off and running again after a bit of consolidation:

Xsome consolidation before the next move higher?

YHOO: some consolidation before the next move higher here too?

AA: headed to $18?

PCLN:

PCLN