Nike is consolidating near support zone and 50-70 is a good buying area for Nike, 68 being the monthly timeframe trend line support.
Add to watchlist to see how it plays out in the medium-long term
CVS is consolidating on a trend line support and is currently in a double top formation, breakout or breakdown may lead to a good move after the consolidation period is over.
Head and shoulder pattern is observed in target on monthly chart. This will be a good buy from the support and in case of breakdown, we have to wait for it to test other support levels.
CRM looks like it’s done with impulse waves and may begin correction waves ABC soon.
It will only be confirmed once we get wave A and CRM starts to make Wave B, wave C will be a good short trade in coming weeks if it follows the pattern.
DNN is making an inverted h&s pattern and a breakout here could take the stock higher but it’s important to wait for weekly candle close before trading
Stock is doing good fundamentally and chart is following the trend line support, so the next dip to trend line is a good opportunity to add more for a new ath
Assuming 5 impulse waves ended at 600 for SPY, and considering Friday’s low as the end of wave A, we’re going to retrace back to the range of 592-596 for wave B and then begin wave C. This analysis will be invalid if spy makes a new ATH on daily close.
