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Wedges and Bull Flags in Focus.

The bullish-reversal Descending Wedge and Bull Flag are two of my preferred technical patterns as I find them very reliable. Here are some stocks setting up in similar patterns that are worth keeping an eye on in coming sessions for any bullish breakout or continuation from their new breakout.

Data: recall Earnings season kicks off this week so keep those schedules in focus here as well.

 

 

AMAT: watch for any new descending wedge breakout:

AMAT weekly:

 

AMAT monthly: note that this wedge is part of a larger monthly Cup’n’Handle pattern:

 

BBY weekly: watch for any new descending wedge breakout:

 

BBBY: watch for any continuation from this new descending wedge breakout:

BBBY monthly: prior to breakout:

 

BBBY monthly: a bullish candle pattern prior to breakout. Suggesting a base might be being formed:

 

BBBY weekly: prior to the breakout:

 

BBBY weekly: a new breakout this week:

 

EBAY weekly: watch for any new descending wedge breakout:

 

GE weekly: watch for any new descending wedge breakout:

 

MRVL: watch for any continuation from this new descending wedge breakout:

MRVL weekly: prior to the breakout:

 

MRVL weekly: a new breakout the previous week:

 

MRVL weekly: this breakout is continuing so watch for any push to the 61.8% fib, circa $21:

 

MSFT weekly: watch for any new Bull Flag breakout:

 

MU: watch for any continuation with this new descending wedge/channel breakout:

MU weekly: a clue that this might have been trying to base:

 

MU weekly: prior t any breakout:

 

MU weekly: a new breakout this week so watch for any push up to the 61.8% fib, circa $50:

 

NAT weekly: watch for any new descending wedge breakout:

 

NTAP: watch for any continuation from this new descending wedge breakout:

NTAP weekly: before the breakout:

 

NTAP weekly: a very new breakout so watch for any follow-through:

 

V weekly: watch for any new Bull Flag breakout:

 

HL weekly: watch for any continuation with this new descending wedge breakout. The target is the 61.8% fib, circa $5: