Hello and welcome to another issue of 🕵 The Seeker 🕵
1) Rectangle Formation On JBL 0.00%↑.
JBL 0.00%↑ Breaking a rectangle formation on the upside after beating earnings.
Big volume surge during the breaking, confirming trend-continuation pattern.
Price may retrace to the break-line before resuming direction.
On 24th September B of A Securities - Reconfirmed its grade on JBL.
From: Buy
To: Buy
On 29th September Barclays - Reconfirmed its grade on JBL.
From: Overweight
To: Overweight
2) Double Bottom On NKE 0.00%↑.
NKE 0.00%↑ Forming a double bottom pattern on the long-term weekly trendline.
Significant volume surge right after earnings beat last week and reacting from the support line.
The pattern has formed for around 51 weeks from point A to point B.
On 24th September Jefferies - Updated its grade on NKE.
From: Buy
To: Hold
On 24th September JP Morgan - Reconfirmed its grade on NKE.
From: Overweight
To: Overweight
3) Falling Wedge On AMD 0.00%↑.
AMD 0.00%↑ Forming a falling wedge pattern on the daily chart.
Volume dries up the deeper we get into the pattern, which is by the book.
The pattern has formed for around 75 days.
On 19th September Rosenblatt- Reconfirmed its grade on AMD.
From: Buy
To: Buy
On 19th September Susquehanna - Reconfirmed its grade on AMD.
From: Positive
To: Positive
😎 Cheers! 😎
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