Stocks Technical Analysis On September 25 -RAD,IDYA,TBPH,MRBK,GDMA&MPLN

Hello, everybody.

Today I looked at these stocks and offered my insights: $Rite Aid(RAD)$ $IDEAYA Biosciences(IDYA)$ $Theravance Biopharma(TBPH)$ $Meridian Bank(MRBK)$ $Gadsden Dynamic Multi-Asset ETF(GDMA)$ $MultiPlan Corporation(MPLN)$

1.RAD$Rite Aid(RAD)$ - Idea

Idea for RAD showing large cup structures
These cup structures form after a strong bounce off a downtrend in orange
Right now price is testing this orange line, so expect a possible large upswing

2.IDYA$IDEAYA Biosciences(IDYA)$ - Chart Patterns

On Chart is aDescending Broadening Wedgeand a largeFalling Wedge
This is all contained within anup channel
Just as the DescendingWedgebroke out bullishly, I expect thefalling wedgeto break out to the upside, continuing the channel upwards
Weekly timeframe

3.TBPH$Theravance Biopharma(TBPH)$ - Falling Wedge

TBPHhas formed a large overallfalling wedge
Smaller structures within thiswedgecan be identified, anotherfalling wedgeand an expanding structure that will lead price toward breakout
This is theWeekly timeframeand I have pasted a breakout situation with bars pattern tool

4.MRBK$Meridian Bank(MRBK)$ - Descending Wedge

A descendingwedgestructure leading to a bull break
This can be seen as the opposite of the leftascending triangle
This would constitute a reversal in price, and a continuation of the overall dominant upward bull trend

5.GDMA$Gadsden Dynamic Multi-Asset ETF(GDMA)$ - Double Bottoms

GDMAhas this niceup channel
It has formed double bottoms contained within thisup channelwith the second one yet to break out
Above the firstdouble bottomis a megaphone orwedgestructure
I expect the seconddouble bottom(Curve) to breakout much like the first

6.MPLN$MultiPlan Corporation(MPLN)$ - Descending Megaphone

MPLNhas formed a large descending megaphone with touches along the bottom line the onlybullisharea on chart
From this we can conclude once the current bear move finishes and a touch on the lower line is hit the bulls will come back briefly, against the trend
This is shown in the green circles
Red arrows for emphasis

https://www.tradingview.com/u/Bixley/

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  • Aoyjai
    ·2022-09-25
    Hmmm
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  • zeeling
    ·2022-09-25
    G reat
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  • hktiigeracct
    ·2022-09-25
    ok
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  • PeterLim007
    ·2022-09-25
    Okay
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  • robot1234
    ·2022-09-25
    noted
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