1

US stocks on my radar.

In my earlier post today I noted the charts of some US stock indices and the potentially bullish-reversal patterns setting up across them. With this in mind, I have reviewed some of the stocks on my watch list and these are the ones that I think are worth watching. Recall that the Descending Wedge is one of my favourite technical patterns and there are quite a few shaping up on the charts below.

 

General Electric: GE weekly / 15 min charts: this is the most appealing of the stocks for me. I'm watching for any longer-term trend line breakout but the short term has $8.22 in focus:

 

Apple: AAPL weekly: price action has held near the weekly 61.8% fib. Target for any bullish breakout is the revised 61.8% fib, up near $200:

 

Applied Materials: AMAT weekly: watch for any Handle / Flag breakout:

 

Activision Blizzard: ATVI weekly: price action has made a bullish descending wedge breakout after holding above the weekly 61.8% fib. Watch now for any continuation up to the revised 61.8% fib, circa $70:

 

Best Buy BBY weekly: watch for any hold above this 50% fib:

 

Campbell Soup: CPB weekly: watch trend lines for any new breakout. Target for any bullish breakout is the 61.8% fib, up near $55:

 

Deutsche Bank DB weekly: watch trend lines for any new breakout. Target for any bullish breakout is the 61.8% fib, up near $80:

 

EBAY: EBAY weekly: watch trend lines for any new breakout. Target for any bullish breakout is the 61.8% fib, up near $40:

 

Marvell Technology: MRVL weekly: price action has made a bullish descending wedge breakout after holding above the weekly 61.8% fib. Watch now for any continuation up to the revised 61.8% fib, circa $21:

 

Micron Technology: MU daily / weekly: price action has held near the weekly 61.8% fib. Target for any bullish breakout is the revised 61.8% fib, up near $50. Note the bullish-reversal pattern on the weekly chart:

 

NETAPP: NTAP weekly: price action has held near the weekly 50% fib so watch for any descending wedge breakout:

 

OKTA: OKTA weekly: price action has held near the weekly 61.8% fib so watch for any descending wedge breakout:

 

FEDEX: FDX weekly: watch for any hold at the weekly chart's 50% fib and note the bullish-reversal Morning Star-style pattern here:

 

KINROSS Gold: KGC weekly: price action has made a bullish triangle breakout. Watch now for any continuation up to near the 61.8% fib, circa $20:

 

Facebook: FB weekly: price action has held near the weekly 50% fib so watch for any new trend line breakout:

 

Netflix: NFLX weekly: price action has made a bullish descending wedge breakout after holding above the weekly 50% fib. Watch now for any continuation up to the revised 61.8% fib, near $360: