Just wanted to throw up a few charts that look interesting to me.
TBT basing at previous support.
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WFC set up a
descending triangle; measured move about $30.50
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GOLD rallied today and set up a
flag on the daily chart, just when you think something can't go any higher...
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NFLX, sitting at the bottom of a flag pattern while printing a NR7 today. Downside support around $33.
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I thought coming into this week that FSLR looked week, and bound to fill the gap below. But now I'm not so sure. Today it recovered the 20-EMA, while momentum looks like it may be setting up for another push upwards. Perhaps the general strength of the Nasdaq will determine the stength in FSLR.
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AHT doesn't have the volume, or price range, I like. But, it has a perfect ascending triangle and price closed at the highs of the previous consolidation range. A measured move would bring price up to September '08 highs, around $5.25.
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AMZN is sitting at resistance (and 52-week high range).
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Looking at the weekly chart of AMZN, last week printed a very strong wide range candle after coming out of it's 3rd consecutive flag pattern. A measured move out of the most recent flag could put price back at the all-time highs of around $95.
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ARO is set up right near it's 52-week highs; Pop or Drop time.
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This weekly chart is ridiculous
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