Hello, everyone.
Today I bring you the latest on hot U.S. stocks: $American Water(AWK)$ $Monster Beverage(MNST)$ $Carrier Global Corporation(CARR)$ $Williams(WMB)$ $Aptiv PLC(APTV)$ $Avery Dennison(AVY)$ $EQT Corp(EQT)$
AWK $American Water(AWK)$ - Bowl Structure Could Lead to Cup and Handle
AWK: AWK - Bowl Structure Could Lead to Cup and Handle
AWK has formed a nice higher low which is indicative of this bowl structure or cup. The handle is yet to form but it has a chance if this cup completes itself on this daily chart. An inverted H&S is also present.
MNST $Monster Beverage(MNST)$ - Can Still Move Up
MNST: MNST - Can Still Move Up
MNST is approaching an upper trend line with this recent burst of energy (lol) A breakout from a rising wedge or you could call and ascending triangle occurred. I think the run has some movement left.
CARR $Carrier Global Corporation(CARR)$ - Rounded Top Bullish Breakout
CARR: CARR - Rounded Top Bullish Breakout
CARR has formed a nice rounded top These structures usually result in a breakout, which is nice at the top of this down channel. This could result in a long term trend change.
WMB $Williams(WMB)$ - Breakout Structure
WMB: WMB - Breakout Structure
WMB has reached the top of a down channel at this point it will either break out or break down I am favouring a break out due to the larger structure on the weekly chart which you can see for yourselves if watching this ticker. Diagonal double bottom along the thin green line allows for a breakout of the entire down channel. This double bottom is also supported by...
APTV $Aptiv PLC(APTV)$ - Finding Its Support
APTV: APTV - Finding Its Support
APTV is currently looking for a support line which it is very close to! The support line is highlighted in solid green I have also drawn a few patterns two falling wedges and one falling broadening wedge, or falling megaphone Bullish once price
AVY $Avery Dennison(AVY)$ - Opposite Triangles
AVY: AVY - Opposite Triangles
Triangles are similar but angled oppositely. From this we can assume that the upper triangle will break down, as price entering the first triangle was upward movement. Also the structure above the solid green line does look like a top structure.
EQT $EQT Corp(EQT)$ - Maintaining An Up Channel
EQT: EQT - Maintaining An Up Channel
A tight up channel has formed and price looks like a double top but I do think it will continue up along the up channel.
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