After 3:30 this afternoon we saw some upward momentum in key names.
GS broke out around $120 (opening range high). Check out the daily. Looks like we could have, at least, a possible run up to $142.
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We see a lot of these chart patterns on the daily time frame. The "W"double-bottom, a clearing of the middle apex on
HK can give us a potential target of $22.
As with most stocks across the board, we need to see some serious conviction volume to trust these moves to the upside. So, while playing for a target, be ready to bail if strong selling comes back.
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Buying in
CCI picked up late in the afternoon and closed at the highs of the day on large volume.
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Same with
WLT. Strong volume closing near the highs of the day.
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Ditto
AGU and
IPI...
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VLO
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