Charts| Stocks performance - T, EXPE, CMG, EL, VFC & NUE
Hello, everyone.
Today I bring you the latest on hot U.S. stocks: $AT&T Inc(T)$ $Expedia(EXPE)$ $Chipotle Mexican Grill(CMG)$ $Estee Lauder(EL)$ $VF Corp(VFC)$ $Nucor(NUE)$
T $AT&T Inc(T)$ - Channels
T: T - Channels
T is within a large Weekly up channel and a smaller down channel on this daily chart. I expect a strong reversal when the bottom of the up channel is tested. Continuation of the down channel on daily is expected until bottom is reached.
EXPE $Expedia(EXPE)$ - Bottom Recovery
EXPE: EXPE - Bottom Recovery
A recovery idea for EXPE. Extension up to a higher high trend line for the retest. This is a sharp reversal pattern as a result of a strong bottom. Daily timeframe.
CMG $Chipotle Mexican Grill(CMG)$ - Ascending Megaphone
CMG: CMG - Ascending Megaphone
A megaphone structure If another wave up is completed as shown on this chart a big move up is yet to come. Daily timeframe.
EL $Estee Lauder(EL)$ - Recovery Along Strong Trend Line
EL: EL - Recovery Along Strong Trend Line
Strong trend line in green will prove to be a support for price. This trend line extends back awhile on the Weekly timeframe. I have plotted possible price action for how the recovery might play out. Daily timeframe
VFC $VF Corp(VFC)$ - Down Channel Bottom
VFC: VFC - Down Channel Bottom
Price is looking to bottom at the bottom of a down channel This follows a strong downtrend. I do expect a strong recovery following this bounce off the bearish channel.
NUE $Nucor(NUE)$ - Bull Structure
NUE: NUE - Bull Structure
A bull structure dominant above the slight up channel in grey I expect a breakout from this structure bullishly If no breakout then a retest of the up channel in grey is fine Daily chart
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