It appears to have just hit the upper end of its trend line and looks likely to make its next move lower in the coming weeks.
Costco (Nasdaq: COST) Looks Poised for a Bounce
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Its stochastic indicators hit oversold territory recently, but made a bullish crossover last night. Similar patterns in June, September, and October preceded nice rallies in the stock.
Trade EOG Resources (NYSE: EOG) Drop to Potentially Double Your Money in Two Months
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In a two year downtrend, the weekly stochastic indicators made a bearish crossover this past week.
Trade Walmart (NYSE: WMT) for a Potential 75% Return in Two Months
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It just hit the lower rail of its trend channel and looks as though it’s primed for another leg higher.
Trade Truist Financial (NYSE: TFC) for a Potential 100% Return in 3 Months
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It could rally 20% like it did the previous two times it hit the lower rail of its trend channel to reach the targeted return.
Trading Deutsche X-Trackers Harvest ETF (AMEX: ASHR) Could Double Your Money by mid-March
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The underlying fund’s stochastic indicators are near oversold, but just reversed and made a bullish crossover. The last few times this happened turned out to be pretty good bullish signals.
Trade Olin’s (NYSE: OLN) Drop for a Potential 100% Return in Two Months
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The trend reversal patterns are set up for it to move lower for the next few weeks.
This JD.com (Nasdaq: JD) Stock Trade Could Double Your Money in About Two Months
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The underlying stock’s daily stochastic indicators are in oversold territory and made a bullish crossover on Friday. The last few instances where this has happened have been pretty solid bullish signals.
This Deere & Co. (NYSE: DE) Trade Targets a 75% Return in Five Weeks
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At the lower rail of a seven month trend channel, the underlying stock is oversold and made a bullish crossover last night. The last three times this happened, the stock rallied sharply.
Trade American Airlines’ (Nasdaq: AAL) Drop for a Potential 75% Return in 10 Weeks
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With a very concerning weekly chart, the stock came close to hitting the upper end of the trend line early in the day yesterday before dropping sharply.