Charts| Stocks performance - NKE, MSM, MKC, LNN, HIHO, BEST & PDCO
Hello, everyone.
Today I bring you the latest on hot U.S. stocks: $Nike(NKE)$ $MSC Industrial Direct(MSM)$ $McCormick(MKC)$ $Lindsay(LNN)$ $HIGHWAY HOLDINGS LTD(HIHO)$ $BEST Inc(BEST)$ $Patterson(PDCO)$
NKE $Nike(NKE)$ - Double Bottom Higher Low
NKE: NKE - Double Bottom Higher Low
Higher low double bottom situation along a strong up trend in green. I expect this to allow a recovery upwards strongly. The curve just highlights the sharp rise. Daily timeframe.
MSM $MSC Industrial Direct(MSM)$ - Move Up To Top of Expanding Structure
MSM: MSM - Move Up To Top of Expanding Structure
A large expanding wedge structure on the Weekly timeframe. A channel can be drawn using a higher low which reveals a path towards the top of this structure. Lets see what happens.
MKC $McCormick(MKC)$ - Sustained Up Channel
MKC: MKC - Sustained Up Channel
A double bottom in green box has formed at the bottom of an up channel on the daily chart for MKC. I expect this to react bullishly to this formation and push price back up to the higher highs of the up channel. Bullish.
LNN $Lindsay(LNN)$ - Up Channel Pattern Count
LNN: LNN - Up Channel Pattern Count
Using my pattern count idea to show that the points at (1) are similar Showing double top patterns with downward moves expected to the bottom of the channel up. Weekly timeframe.
HIHO $HIGHWAY HOLDINGS LTD(HIHO)$ - Strong Double Bottoms
HIHO: HIHO - Strong Double Bottoms
Double bottom structures along horizontal lines. Using a higher high trend line we can assume the double bottom will push the price up to that line in white. Weekly timeframe.
BSET $BEST Inc(BEST)$ - Likes Printing Higher Lows
BSET: BSET - Likes Printing Higher Lows
I imagine another higher low to be printed on this chart for BSET on this weekly timeframe. Just as the previous higher low was printed. Bull continuation can then proceed.
PDCO $Patterson(PDCO)$ - Double Top Within Downtrend
PDCO: PDCO - Double Top Within Downtrend
A double top Labels show similar points in the structure with (2) being the top points. Weekly chart.
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