Hello, everybody.
Today I looked at these stocks and offered my insights: $Autodesk(ADSK)$ $MercadoLibre(MELI)$ $Royal Bank of Canada(RY)$ $Ford(F)$ $Infosys(INFY)$ $Lululemon Athletica(LULU)$ $Bce Inc(BCE)$ $PNC Financial Services Group Inc(PNC)$
ADSK - Up Channel Leading to Double Top
Up channel in grey
Previousdouble topat the first hammer
Current price push will possibly lead to a seconddouble topsimilar to the first one (at the firsthammer)
Bullish until the second top point forms
MELI - Double Top
Adouble tophas led price down a bearish road
I have plotted a Fibonacci trend and .236 shows promise for a recovery due to the large support cluster that can be seen around this area
This will continue the uptrend on a higher timeframes
VZ - Dominant Trend Line
Verizon has a dominant trend line in green
A have included a few chart patterns
I expectbullishcontinuation as indicated by the double curve above the green line
SIlver - Symmetrical Triangle Breakout
Symmetrical triangles can be compared
If its anything like the prior a large break out can be expected
This is the Weekly time phrase
RY - Bull Continuation
A large ascending triangle
The middletrend line is a good place of support
Double curve line is price continuation expectation
An analysis for Ford (F)
Similar positions above similar downward trending channels
Just above the green dotted line which is the line that I would consider the bullish support
INFY - Analysis
A largerising wedgehas broken out bullishly
I have used comparative ascending channels to show these points in red
Just as before, I expect price to rise following the second red circle
LULU - Above Up Channel
LULU has formed a megaphone pattern above the top of a dominantup channel
Thisup channelmay act now as support on this 3D chart
Earlier price formation shows a symmetrical triangle
BCE - Similar Situations
Similar situations along the dotted white lines
First situation resulted in a break out
The current situation is comparable just lacking the break out phase
PNC - Chart Patterns
Ascending Triangles and Broadening Wedges/ Megaphones
Cool repeating chart patterns
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