$BLOK – RS line is in a channel – BLOK is in a multi year cup formation dating back to 2021 – ETF that seeks return from investing in Blockchain companies – Is tied to the prospects of the crypto industry.
$CLBT – Classic base upon base – EPS growth > 100% and projected to continue for the next 4 quarters
$CMG Chipotle Mexican Grill – EPS continues to be >25% QoQ. – RS and Price both forming a VCP pattern with potential cheat on the right side in the middle of the 31% deep cup – Has had a large shakeout in Aug
$CYBR – Forming a rising wedge – Contracting price within the wedge – I have given up a few times trying to catch-up Cyber Ark with small losses. – Has had stellar results thus far. Question is what happens in the next quarterly report. – I might give one more try.
$SPOT – A large cup spanning back to 2021 – Projected to have accelerated growth (courtesy
data – Sitting just below breakout point from the base. – Hasn’t really accelerated in price for the past 5 months
$TQQQ – I use this as a benchmark – Haven’t been able to beat it yet – Is a symptom of the market past 4 years amidst with the geopolitical uncertainty and the interest rate environment. – A saucer, potentially – The market environment is still uncertain with US elections looming
$TSM – Rounding off with Taiwan Semi. – Has a small base over a larger base spanning Feb 21 to now – The smaller base makes it interesting coupled with the projections of the AI market led by NVDIA over the next decade – Is projected to have accelerated earnings and growth over the next 4 quarters > 25%
The post Stock Watchlist – Week of 24th Oct 2024 – Part II appeared first on TheTwigg.
