Some of the stocks on my watch-lists are drifting towards trend lines suggesting that they could be gearing up for a breakout. As well, I’m noticing some rotation back into resource and material-related stocks and I’m not too surprised given the infrastructure focus current in the USA and China. Also, a few banking stocks are perky following the Trump victory and some tech stocks are too as the NASDAQ still holds above the key 5,200 breakout level. A number of these stocks have been quite beaten down over recent times and so some recovery activity could well be due.
NB: forgive my use of just ticker symbols but there are quite a few stocks to go through.
BAC weekly: a close and hold above $20 might underpin this stock:
AA monthly: any continued recovery with commodities might help to reverse the fortunes here. Keep a watch on the trend lines for any breakout.
AMAT monthly: $30 might become new support here.
BBY monthly: a bullish breakout in progress:
BK monthly: here too?
INTC monthly: keep an eye out for any monthly hold above $35:
MU weekly: keep an eye out for any new break and hold above $20:
NUE weekly: $50 looks like the new floor here:
WFC monthly: watch to see where the November candle closes but it looks bullish for now:
YHOO daily: watch trend lines here:
ABT monthly: and here:
CAKE monthly: a bullish breakout underway here?
DIS weekly: gearing up again?
HRL weekly: watch trend lines here too:
MGM weekly: watch for any new close and hold back above the $30:
MS weekly: watch for any new hold above the $40:
NTAP weekly: watch for any bullish continuation here:
X monthly: keep an eye out here for any trend line breakout:
CBI monthly: here too!
DAN weekly: and here too:
DB monthly: here also:
FCX monthly: keep an eye out for any continued recovery effort here:
PBR monthly: and here too:
TWTR weekly: watch trend lines for any breakout;up or down!
VALE weekly: a long recovery ahead following the bullish breakout?