Stocks Setups After A Wild Week

By Alexandros Yfantis of Trading2Day

Alexandros Yfantis • Aug 12, 2019 at 4:54 AM EDT

Here are 4 interesting setups in stocks: JPM, GS, XLK, WMT.

Here are some interesting setups in four stocks I monitor…. I hope you find them useful.

JPM

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Higher highs and higher lows. Bullish hammer candlestick pattern. Cloud support respected. A bullish follow-through would be a bullish sign for the next few months for JPM. Bullish stop last week’s low on a closing basis. Confirmation of bullish scenario, a break out above 117.30$.

XLK

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Red upward sloping trend line support respected. Cloud support also respected. RSI turning upwards from oversold levels.

GS

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Higher highs and higher lows. Price respects cloud support. As long as the price is above it we are bullish expecting a break above recent highs and a move towards 241$

WMT

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Perfect backtest of the broken trend line resistance. Price bounces off the trend line. This is a bullish sign. Last week’s lows very important. We could see the resumption of the bounce to even new higher highs.

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