thetraderscall

KO breaking out reaching for new all time highs soon is possibility.Weekly view below.

High Tight Pennant on TGT

NFLX attempting a break higher on heavy volume. Looking for continuation into new highs.

Daily view

Weekly view. Soybeans looking for a further breakdown soon. Possible bounce but trend is down.

Weekly view watching for a breakout from this wedge pattern.

Daily View

Weekly View

I’m seeing a bullish divergence in WYNN. Over the next week or two I like it for a possible gap fill if it can close above $119 currently at 117.84 as of 5/8 close. Longer term I would like it more above $137 and then to see a new higher low form.Not trying to call a bottom here as fundamentally earnings growth has taken a hit and the stock is in a down trend. Wynn is down roughly 53% in a little over a year perhaps its time to retrace a bit.

AET- Aetna close up 3.24% today after a solid earnings report. The stock has broken out above the 110 level after basing for around a month. AET has been trending nicely therefore I expect this breakout from consolidation to be a resumption of the trend in place. The MACD indicator is curling upwards above the 0 line, it has not yet crossed over but looks like it will do so soon. I am looking for the 115 level shortly representing  a roughly 4-5% gain in the near term.

FRAN added to watch list looks ready for another leg higher if it can break and hold 18. Pretty small float so if it gets some volume it could end up being a pretty decent push.

ABT nice post earnings b/o at all time highs on higher than average volume with a strong close just below HOD. 50 SMA below,  MACD also curling up above zero line. Very strong weekly trend. Nothing but air above but will likely find resistance at $50 in the near term. Will be looking at May or June calls most likely the 50 strike.