Hello, everybody.
Today I looked at these stocks and offered my insights: $Envestnet(ENV)$ $SPMD(SPMD)$ $Comstock Resources(CRK)$ $Mechel PAO(MTL)$ $National Oilwell Varco(NOV)$ $CF Industries Holdings Inc(CF)$
1.ENV$Envestnet(ENV)$ - Approaching a Bottom
A bottom is coming where both channels (up and down) intersect
This is shown within a green circle
I have put a price label where I think price will reversal out of this downtrend
Weekly chart
2.SPMD$SPMD(SPMD)$ Bull or Bear?
I favor the bull outcome in green, in which the solid white line acts as support for the double bottom
However I have also plotted a bear outcome in red where price breaks down within the channel and continues
This situation is where the double bottom fails
Lets see what happens on this daily chart
3.CRK$Comstock Resources(CRK)$ - Familiar Bottoms
Bottoms along thick white horizontal line are similar
I expect because of this a similar recovery will result. Recoveries I have indicated with the green and white bars pattern.
The recovery might be on a larger scale than the first due to the larger bottom formation
Monthly Chart
4.MTL$Mechel PAO(MTL)$ - Falling Wedge
Afalling wedge can be plotted on MTLon this Weekly timeframe
This falling wedge is also accompanied by a strongdouble bottom along the horizontal bottom line
I have placed some bars patterns indicating how falling wedges should break out in a bullish fashion
5.NOV$National Oilwell Varco(NOV)$ - Up Channel Move
Up Channel in grey
I expect a move up like was seen earlier in the channel development
Placed bars patterns to show my thoughts roughly on price evolution in green
Bullish on this timeframe
6.CF$CF Industries Holdings Inc(CF)$ - Retest of Up Channel
I expect a retest along theup channelin green as shown by the white bars pattern
I have drawn a few other channels that aren't as relevant as the green one
The dotted line shows a triangle chart pattern that price has broken out of
Retest then up
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