Wednesday, July 2, 2014

Consolidating Today's Charts - 7/2/2014

Here are the charts I have posted during today's trading session.

MEET:

(click on the chart to get an enlarged view)
It appears to be working on filling the recent price gap near 3.09


AMD:

There are two price gaps made in July 2012 waiting to be filled.


Before it can fill those price gaps, it needs to break above the resistance level near 4.50.


CLF:

It seems to have formed a double bottom and is about to break the downward trendline.


WLT:

It has broke above the downward trendline and holding above the support level near 5.20


BAC:

Breaking out of the cup & handle price pattern in the early part of the trading session. By the close, the price has retraced back under the baseline of the price pattern (see the second chart).




GTAT:

There are quit a few price patterns within the recent price actions. The first is the inverted head & shoulder pattern.


Then as the first inverted head & shoulder pattern traces itself out, a larger head & shoulder developed with a bull flag accompanying the right shoulder.


KNDI:

An inverted head & shoulder has been formed with a bull flag on the right shoulder. It is attempting to breakout from this price pattern.



Disclosure: Long AMD, WLT & BAC.


Share It