Hot Stocks Technical Analysis -PRPH,BAX,LAD,SBLK,KBAL&ASYS
Hello, everybody.
Today I looked at these stocks and offered my insights: $ProPhase Labs(PRPH)$ $Baxter(BAX)$ $Lithia Motors(LAD)$ $Star Bulk Carriers(SBLK)$ $Kimball(KBAL)$ $Amtech(ASYS)$
1.PRPH$ProPhase Labs(PRPH)$ - Bullflag
Price has broken out of a large triangle structure
Above this structure a bull formation is present which I think may be acting as a bullflag
Bars pattern placed next to price indicates my bullish bias
2.BAX$Baxter(BAX)$ - Price Continuation
Idea for BAX showing potential pathing for future price action on this Weekly timeframe
Horizontal white line is a strong support for the upward breakout along the solid green lie
3.LAD$Lithia Motors(LAD)$ - Bounce off Trend Line
Trend Lineformed along previous structure enabling a support for future price
This is shown perfectly with the bars pattern structures in white
A sharp bounce from thetrend line
This is the Weekly chart for LAD with possibilites of heading for a new ATH following this bottom
4.SBLK$Star Bulk Carriers(SBLK)$ - Plotted Channel Breakout
Using bars patterns to plot a breakout of the underlying green up channel
These bars patterns all three show a strong breakout for the bulls
Circles indicate an inverted H&S structure that is tilted, some would argue that it isn't a H&S structure but I included it anyway
Weekly timeframe
5.KBAL$Kimball(KBAL)$ - Downtrend Resistance Turned Support
Resistance and support shown with up and down arrows
Trend lineis now acting as support
Bars pattern placed is an example of bullish activity following the trend line touch
Still a buy against the trend but not the resistance/support
6.ASYS$Amtech(ASYS)$ - Indecisive Channel
Channel is moving completely sideways and has been since first listing
showing the bull and bear periods
Monthly chart so price could lead to a long term break out potentially, it may take some time although
https://www.tradingview.com/u/Bixley/
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
[Smile]