Charts To Watch!

Traders,

Another week has passed, another FOMC meeting behind us, and once again the S&P500 and Nasdaq have printed new weekly all-time closing highs.

After sifting through hundreds of charts across all major US indexes, these are the charts that stand out the most to me and are on high watch going into next week.

Tickers: AAPL, GLNG, ALTR, CROX, MCO

AAPL: Apple posting a +7.92% breakout on the week. It may be a bit difficult to enter a new trade after a move like this, but its worth keeping on your radar, as a move like this, is significant and could have strong follow through.

GLNG: A really clean base forming over the past year. Price attempted to breakout above the blue line back in August but failed. We now use this general area as a level to trade around. Price rose above this level intra-week last week, but closed the week under the line. I will be keeping on watch for a potential breakout and close above the blue line.

ALTR: Price is currently breaking out of a 5 month base on a significant increase in volume. It looks like a continuation higher may be in order. This is an actionable chart right where it sits right now.

CROX: Crox made a strong move off the 2022 lows, and has been consolidating for the past year forming a clean base. Price tested the blue line several times over the past year, and is now pushing above this resistance level signal which could indicate the next leg higher.

MCO: The price chart is forming a cup and handle pattern. Price is currently consolidating right at the well defined resistance level. Keeping this chart on watch for a push over the blue resistance line signalling a new trend higher.

As always, follow price and let it dictate your decisions as this the only true indicator.

Enjoy your weekend!

Together We Trade