Tech Patterns: Nov 2013

Thurs Nov 28th 2013:

A number of strong socks are approaching key S/R levels and looking a bit bullish. Keep an eye on the following on Friday for their monthly candles to see if they can close above these key S/R levels. Watch for any test of these key levels if they have already been broken:
HPQ: a triangle break forming up perhaps here? I’m watching for a monthly close above the trend line. Price is above the daily Cloud:

 

 

 

 

CAT: A possible triangle break looming here still and price just below the Cloud:

 

 

 


MRK: triangle break possibly building for the $50 level and price above the Cloud:

 

 

 



MSFT: ditto here at the $37!

 

 

 

WMT: not so much a triangle break but a trend line break looming at the $80 level. Price above the Cloud:

 

 

 

YUM: price has broken the $75. It may test this level before any further bullish action. Price is above the daily Cloud though:

 

 

 

BAC: a monthly candle close above the $15 level would be very bullish:

 

 

 

BK: I’m watching for any bullish close above the $35 level:

 

 

 

Macy’s M: a hold above $50 might signal a new pathway for Macy’s:

 

 

 

PFE: look for any hold above the $30:

 

 

 

YHOO: watch for any close above the $40:

 

 

 

 

Wed Nov 6th:

CAKE: this is another stock I had been tracking prior to the triangle break. This has now returned 25% after making its break: