Here are some interesting monthly charts of US stocks with trend lines &/or key levels worth watching as August draws to a close.
GE: watch for any continuation of the triangle breakout:
GSK: watch for any triangle breakout:
CSCO: watch for any monthly hold above $30:
AMAT: watch for a hold above $25:
INTC: watch the trend lines and $35 level for any continued breakout:
MRK: the breakout here continues:
MU: I’m looking for a test of $20:
WFC: watch wedge trend lines for any breakout:
YHOO: watch for support from $40:
AAPL: watch for any triangle breakout success:
ABT: ditto here
CAKE: watch for any momentum based triangle breakout here:
DIS: watch for any momentum based triangle breakout here:
FLEX: watch for any momentum based ascending triangle breakout above $15:
GILD: this looks like a Bull Flag building so watch for any momentum based Flag breakout here:
GRMN: a close and hold back above $60 would be bullish:
MGM weekly: watch for any momentum based triangle breakout here:
NKE weekly: watch for any momentum based triangle breakout here
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