Swing Trades for the Week Ahead ( US Stocks )

 Let's discuss some stocks which gave a nice weekly closing and are looking good for the next few days/weeks.


To zoom the charts, just tap on them. 


Charts are used from TrendSpider.

Expedia Group Inc.

In the weekly charts, Expedia Group Inc. hasn’t managed to cross the price line marked in the chart even after trying multiple times.

This week there has been an interesting development.

It has managed to cross the price line supported by volume shelf.

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

(Volume Shelf is an exclusive feature available only on Trendspider.)

In the daily charts, Expedia has managed to come at the verge of breaking out of the marked region supported with the volume shelf and is showing strong bullish bias.

This gives us a positive uptrend bias on Expedia.




Starbucks Corporation

In the weekly charts, Starbucks Corporation has managed to break the marked resistance level.

We saw that the marked level was not crossed and was the previous high on the weekly charts.

The weekly close above this level gives us a positive bias.

Now, let’s look at the daily charts.

In the daily charts, a descending triangle pattern has been formed.

This adds to the positive bias that we noticed in the weekly charts.

We are bullish on the daily charts.

Packaging Corp of America

In the weekly charts, Packaging Corp of America (PCOA) has been moving in a descending channel.

In this week’s close, we can see that that the weekly charts have managed to come out of this descending channel supported with volume shelf (an exclusive feature of TrendSpider).

Now, let’s look at the daily charts.

In the daily charts, PCOA has formed a triangle and is at the verge of a potential breakout.

This adds to the bullish bias that we have on the stock.


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Comments

  1. Every Weekend I eagerly wait for your blog, I try to learn from each chart you post, I am new to the market and if it's possible Can you please share some details on how you find this types of charts and how to scan the market for this type of charts please.. Thank you

    ReplyDelete
  2. Thanks, i scan stocks from yahoo finance for US stocks, now i have a watchlist on which i focus...

    ReplyDelete
  3. excellent stock selection sir.......i am taking trade in PCOA...i am based in london and we have a platform here to trade in all stocks/indices/commodities in the world....
    Thanks for continued guidance and learning to traders......

    ReplyDelete

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