Hello and welcome to another issue of 🕵 The Seeker 🕵
"The four most dangerous words in investing are: 'This time it's different.'" — Sir John Templeton
1) Break of 2023 Trendline On QQQ 0.00%↑ .
Break of 2023 trend structure on QQQ 0.00%↑.
Usually, trend may continue at a slower pace after correction.
Price would be heading into a support zone or new support line.
Price may soon approach 2 standard deviation Bollinger Band.
2) Wedge Formation On SBUX 0.00%↑ .
Potential Wedge forming on SBUX 0.00%↑.
Volume however has not yet significantly increased during the last sessions.
Furthermore, the formation has been undergoing for more than 180 days (6 months), which makes it more significant.
On 20th September TD Cowen - Updated its grade on SBUX.
From: Market Perform
To: Perform
3) Inverted Flag Formation On HPP 0.00%↑.
Potential Inverted Flag forming on HPP 0.00%↑.
Currently in a very interesting position, on the bottom line of the inverted flag formation.
Volume has reacted recently as well, with above-average over the last few sessions.
On 20th September BMO Capital - Updated its grade on HPP.
From: Market Perform
To: Outperform
😎 Cheers! 😎
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Excellent choice with percentage of stocks above 50dma at the very top. Quality!
Thank you mate! I will try adding up more quant data in the next posts! Cheers!