Greetings everyone, here are some interesting setups in four stocks I monitor….I hope you find them useful.
JPMorgan Chase & Co (NYSE:JPM)
Higher highs and higher lows. Bullish hammer candlestick pattern. Cloud support respected. A bullish follow through would be a bullish sign for the next few months for JPM. Bullish stop last week’s low on a closing basis. Confirmation of bullish scenario, a break out above 117.30$.
Technology Select Sector SPDR (NYSE:XLK)
Red upward sloping trend line support respected. Cloud support also respected. RSI turning upwards from oversold levels.
Goldman Sachs Group Inc (NYSE:GS)
Higher highs and higher lows. Price respects cloud support. As long as price is above it we are bullish expecting a break above recent highs and a move towards 241$
Walmart Inc (NYSE:WMT)
Perfect back test of the broken trend line resistance. Price bounces off the trend line. This is a bullish sign. Last week’s lows very important. We could see resumption of the bounce to even new higher highs.
Trade at your own risk.
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