Charts| Stocks performance - RUM,PLSE,SMID,SNDA,AYI,SCHN & SMPL
Hello, everyone.
Today, I bring you the volatility of hot American stocks: $Rumble Inc.(RUM)$ $Pulse Biosciences, Inc.(PLSE)$ $SMITH-MIDLAND CORP(SMID)$ $Senior Living Corp.(SNDA)$ $Acuity Brands Inc(AYI)$ $Schnitzer Steel(SCHN)$ $Simply Good Foods Company(SMPL)$
1.RUM $Rumble Inc.(RUM)$ - Triple Bottom Angle
Triple Bottom is evident along this inner downtrend line of the channel, almost forming another channel in of itself.
Previously this has been rejected twice at the larger channel top but this time may be different due to the presence of this triple bottom.
Plotted the price action thoughts of a large breakout in green.
If no breakout continuation of the large down channel .
2.PLSE $Pulse Biosciences(PLSE)$ - Immediate Breakdown
A breakdown seems inevitable as price touches the top of the downward channel .
However this downward move might be short lived as a double bottom is in formation.
This double bottom is an example of something that might break the down channel and create new horizons for PLSE .
Nobody likes the bears.
3.SMID $SMITH-MIDLAND CORP(SMID)$ - Bull Idea
This is a bull idea for SMID showing a channel that is acting as a flag.
The move up allows for the formation of a nice W formation this is coupled with a triple bottom, Outweighing the strength of the Head and Shoulders .
Bullish momentum should carry this higher within this curved area.
4.SNDA $Senior Living Corp.(SNDA)$ - Large Falling Wedge
Price is currently within a large falling wedge
I expect a double bottom to form and price to rise, as shown with the bars pattern in green.
This is a breakout from the falling wedge . A strong bullish pattern .
5.AYI $Acuity(AYI)$ - Another Channel Breakout
Price is now settling above the middle line of a strong channel.
I expect this to be a prompt reversal and price to rise above this up channel as it has in the past
The $400 psychological level looks nice right now following a breakout
Bullish
6.SCHN $Schnitzer Steel(SCHN)$ - Strong Breakout
SCHN has broken out nicely of the down channel in white
It is now forming an up channel that i have drawn with the solid white lines
On an angle the structure could be viewed as an inverted head and shoulders
Breakout move should continue within this up channel , right shoulder forming.
7.SMPL $Simply Good Foods Company(SMPL)$ - Up Channel
Similar formations are within the rectangles
I expect a pattern repeat as shown with the bars pattern.
This angle allows continuation of the channel, while providing some familiarity.
Daily timeframe .
I would call it a W formation.
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