Free Watch List for Nov 25th 2024

EW is approaching a critical resistance within its horizontal consolidation zone, as highlighted in the chart. The narrowing symmetrical triangle pattern suggests potential for a breakout, which could signal a continuation of the upward trend if confirmed by increased volume. However, the possibility of a reversal remains if the price fails to sustain upward momentum and breaks below the ascending support trendline. Close attention to the Bollinger Bands and moving averages is essential for gauging the stock’s next move.

F is trading near a critical resistance level within its extended consolidation range, as seen in the chart. The stock has been forming a base, with its upper boundary acting as a significant barrier. A breakout from this range, especially with higher volume, could signal the beginning of a bullish move. However, a failure to sustain upward momentum could result in a reversal toward the lower boundary of the range. Monitoring the behavior around the Bollinger Bands and key moving averages will provide additional confirmation for the next potential move.

PRU is trading near a significant resistance level at the top of its consolidation pattern, supported by an ascending trendline. The consistent higher lows indicate building bullish momentum, suggesting the potential for an upward breakout if accompanied by strong volume. However, a reversal is possible if the stock fails to sustain upward movement, breaking below the rising trendline. Observing price action near the resistance and tracking the Bollinger Bands and moving averages will be critical in confirming the direction of the next move.

TSLA is forming an ascending triangle pattern, characterized by a rising trendline and a horizontal resistance level. This pattern often signals a bullish continuation if the stock breaks above the resistance. A strong breakout, accompanied by increased volume, could confirm the upward momentum. Keeping an eye on price action near the resistance and volume trends will be crucial for assessing the breakout’s strength.

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