AAPL
AAPL was subjected to its usual OpEx pinning game and was pinned near the 550 level. On the daily chart, its price action is holding the rising price channel trend line support.
Showing on the intraday chart, AAPL needs to fill the 541.50/554.50 price gap in order to make another move toward the 575. It is forming a higher low price pattern, but needs to hold the 543 support to maintain this price pattern.
FB
FB was added to the SP500 last Friday and it too was subjected to the OpEx pin near the 55. The price continues to hold the bull flag price action. Potential price target remains to be near 62.
A close inspection of the daily chart reveals an inside bar coiling pattern. From the intraday chart, one can see a possible first level of IB break above 55.19, and the big engulfing candle breakout above 55.89. Watch for this potential bullish breakout that could lead it to the bull flag price target.
TWTR
TWTR met its short term inverted head & shoulder price target of 60 on the intraday basis.
Looking at the daily time frame, a bull flag appears to have formed with a price target near 74.
GOOG
GOOG continues to break into new all time high, the long term chart with the 161% FIB project a possible price target near 1155.
GS
GS finally made it back up to the 175 level and now it appears to be consolidating before a move toward the 185 target.
MS
MS hit the 31.10 potential swing long trigger and now coiling within a big engulfing candle. Monitor for a breakout of this coiling action above 31.65. If it breaks below the engulfing candle low, it needs to hold the 30.12 support.
JPM
JPM is attempting to break above its previous high of 58.14. If it makes a new high, look for potential price target near the 127% FIB extension near 60 for the near term.
Happy holidays!
Disclosure: Long AAPL & TWTR Call, long FB & TWTR.
