Swing Trades for the Week , 7 December On Wards ( US Stocks )

 

Ishares Silver Trust

In the weekly charts, we can see that there is bullish engulfing support at the marked level. Let’s have a look at the daily charts now.

In the daily chart, we can see that the stock has been constantly taking support at the marked level which gives us a bullish bias going forward.





Cirrus Logic

In the weekly charts, we can see that the stock has been range-bound within the marked box and has finally given us a confirmation close outside the box in the current week.

Let’s now have a look at the daily charts.

In the daily charts, the stock has formed a cup pattern and has also managed to close above the marked level. This gives us a bullish bias.

Community Health Systems

In the weekly charts, Community Health Systems has formed a cup pattern and given us a strong closing above the marked resistance level.

Let’s look at the daily charts.

In the daily charts, the stock has formed a descending triangle. The closing candle has emerged outside the descending triangle which gives us a bullish bias on the stock.


Charts are used from TrendSpider website. 

Comments

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