Charts| Stocks performance - NVT, NYCB, ABC, ACRE, AL & ZM
Hello, everyone.
Today I bring you the latest on hot U.S. stocks: $nVent Electric plc(NVT)$ $New York Community(NYCB)$ $AmerisourceBergen(ABC)$ $Ares Commercial Real Estate(ACRE)$ $Air Lease(AL)$ $Zoom(ZM)$
NVT $nVent Electric plc(NVT)$ - Angled H&S
An idea for NVT showing an inverted H&S on an angle
This is within a large broadening wedge or megaphone shown with the triangle.
I expect this to break down and allow the right shoulder to form.
NYCB $New York Community(NYCB)$ - Down Channel Continuation
A large down channel is in play which is dominant
A smaller down channel is also evident which is dominating the current trend, it is a sharp down channel.
I think price will continue down until the low of the larger channel which is the bottom trend line.
ABC $AmerisourceBergen(ABC)$ - Similar Hourly Patterns
An up channel on ABC shows similar 1,2,3 points.
With 3 being the extension to the top of the channel
ACRE $Ares Commercial Real Estate(ACRE)$ - Inverted H&S at Middle Line
Suggesting a reversal at the middle line of this dominant down channel in grey.
This reversal is assisted by the inverted head and shoulders pattern, with the right shoulder being a bullish period of trading.
(1) is the left and right shoulders
(2) is the left and right arms
(3) is the head
AL $Air Lease(AL)$ - Similar Double Bottoms
Plotting comparable double bottoms.
Following each double bottom roughly a 100% rise is witnessed.
I have plotted this rise with the bars pattern tool in green.
ZM $Zoom(ZM)$ - Strong Falling Wedge
Zoom is within a falling wedge on this 4Hr chart but can be reflected on higher timeframes also.
This will result in a big breakout once the falling wedge reaches its breaking point.
Bullish chart pattern
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