LULU holding trendline support with an outside candle.
(Click on the chart to enlarge)
M retraced to prior resistance/breakout level and consolidated above support/breakout level. Look for potential bounce off this support back to prior high.
MDT has been consolidating within a trading band and could be moving toward upper trendline for potential breakout.
SWI price is near apex of the triangle, look for potential upside breakout.
LLY pulled back to supporting trendline, could present a bounce off this trendline toward prior high.
SWKS hugging supporting trendline, look for potential bounce off trendline and make a move toward prior high.
DATA broke out from recently formed inverted head & shoulder. Beware of potential retracement below baseline (shake & bake) before it pulls away.
DNKN gapped away from supporting trendline after reported earnings. Let it consolidate and wait for setup from new level for continuation move.
EBAY also gapped up from supporting trendline after reported earnings. Price faded, need to watch if it can hold the price gap then look for setup for continuation move.
Be sure you have a trading plan to make trades off support and willing to take the stop. Never make trades that are not suitable to your trading style. Good luck on your trades!
