U.S. Equities Watchlist Additions – November 22nd, 2021

U.S. Equities Watchlist Additions – November 22nd, 2021

The following additions to our watchlist were brought to our attention over the past weekend since they show clear Rectangle patterns, usually the most reliable patterns for trading.


$STEM – Stem, Inc. builds and operates the digitally-connected energy storage network. It provides solutions that address the challenges of the dynamic energy market.

Sector: Producer Manufacturing

Market Capitalization: 2.801B

TECHNICALS

On the daily timeframe, the price chart has formed a Rectangle pattern since August of 2021, finding resistance at the $26.00 price level, and finding support at the $21.15 price level.  A daily close of $26.78 will confirm the breakout from the rectangle pattern with a possible price target of $30.85. A daily close of $20.52 will confirm the breakdown of the rectangle pattern with a possible price target of $17.20.

The chart shows that the price bounced off the support area on November 18th, 2021. We see a Bullish Engulfing candle on the following trading day ( 11/19/2021), indicating that higher prices could follow.

$STEM Rectangle pattern

$CNP – CenterPoint Energy, Inc. is a holding company that engages in power generation and distribution.

Sector: Utilities

Market Capitalization: 16.696B

TECHNICALS

On the daily timeframe, the price chart has formed a Rectangle pattern since June of 2021, finding resistance at the $26.60 price level, and finding support at the $24.17 price level.  A daily close of $27.40 will confirm the breakout from the rectangle pattern with a possible price target of $29.00.

$CNP Rectangle pattern

$X – United States Steel Corp. engages in the manufacturing and selling of steel products.

Sector: Non-Energy Minerals

Market Capitalization: 6.626B

TECHNICALS

On the daily timeframe, the price chart has formed a Rectangle pattern since May of 2021, finding resistance at the $28.85 price level, and finding support at the $20.50 price level.  A daily close of $29.70 will confirm the breakout from the rectangle pattern with a possible price target of $37.00.

$X Rectangle pattern

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Chart Pattern Morphing

Most chart patterns morph into other patterns when they fail their formations. Chart patterns show possibilities of price direction, but Read more

U.S. Equities Watchlist Additions – November 19th, 2021

$EVRI - Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive and gaming industry. It Read more

$TG – Breakdown Alert

Please scroll down to see the most recent updates to this post$TG - Tredegar Corp. engages in the manufacture of Read more

U.S. Equities Watchlist Additions – November 19th, 2021

U.S. Equities Watchlist Additions – November 19th, 2021

$EVRI – Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive and gaming industry. It operates through the segments of Games and FinTech.

Sector: Consumer Services

Market Capitalization: 2.106B

TECHNICALS

On the daily timeframe, the price chart has formed a Rectangle pattern since July of 2021, finding resistance at the $25.75 price level, and finding support at the $20.85 price level.  A daily close of $26.50 will confirm the breakout from the rectangle pattern with a possible price target of $30.65. A daily close of $20.20 will confirm the breakdown of the rectangle pattern with a possible price target of $16.85.


$HI – Hillenbrand, Inc. is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment.

Sector: Producer Manufacturing

Market Capitalization: 3.503B

TECHNICALS

On the daily timeframe, the price chart has formed a Head and Shoulders pattern since August of 2021, finding resistance at the $46.70  A daily close of $48.10 confirmed the breakout from the Head & Shoulders pattern with a possible price target of $52.70.


$BOX – Box, Inc. engages in the provision of enterprise content platform that enables organizations to securely manage enterprise content.

Sector: Technology Services

Market Capitalization: 3.769B

TECHNICALS

On the daily timeframe, the price chart has formed a Rectangle pattern since July of 2021, finding resistance at the $26.90 price level, and finding support at the $22.55 price level.  A daily close of $27.70 will confirm the breakout from the rectangle pattern with a possible price target of $30.65. A daily close of $21.87 will confirm the breakdown of the rectangle pattern with a possible price target of $18.25.


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Cryptocurrency Watchlist Additions – November 8th, 2021

The additions of these 3 cryptocurrencies to our watchlist show well defined chart patterns that could possibly offer profits with Read more

U.S. Equities Watchlist Additions – November 7th, 2021

The following 3 additions to our watchlist show well defined chart patterns that could possibly offer profits with the correct Read more

$TG – Breakdown Alert

Please scroll down to see the most recent updates to this post$TG - Tredegar Corp. engages in the manufacture of Read more

$ETWO Breakout Alert

$ETWO Breakout Alert

$ETWO – E2open Parent Holdings, Inc. is a provider of supply chain management software. It offers an end-to-end and cloud-based supply chain management software as a service (SaaS).

On the daily timeframe, the price chart has been forming  a Cup and Handle pattern since Septemmber of 2021, finding  resistance at the $12.73 price level. A daily close of $13.31 on Nov. 16th 2021 confirmed the breakout from the Cup & Handle pattern with a possible price target of $14.50.


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U.S. Equities Watchlist Additions – November 22nd, 2021

The following additions to our watchlist were brought to our attention over the past weekend since they show clear Rectangle Read more

U.S. Equities Watchlist Additions – November 19th, 2021

$EVRI - Everi Holdings, Inc. engages in the provision of technology solutions to the casino, interactive and gaming industry. It Read more

U.S. Equities Watchlist Additions – November 14th, 2021

The following additions to our watchlist feature well defined chart patterns that can offer trading opportunites and profits if the Read more

U.S. Equities Watchlist Additions – November 14th, 2021

U.S. Equities Watchlist Additions – November 14th, 2021

The following additions to our watchlist feature well defined chart patterns that can offer trading opportunites and profits if the correct trade actions are applied to your trades.


$K – Kellogs Company engages in the manufacturing, marketing, and distribution of cereal and convenience foods. The firm markets cookies, crackers, crisps, and other convenience foods.

Sector: Consumer Non-Durables

Market Capitalization: 21.566B

Ownership Summary: 85.39%

TECHNICALS

On the weekly timeframe, the price chart has formed a multi-year Ascending Triangle pattern since September of 2018, finding strong resistance at the $67.00 price level.  A weekly close of $69.00 will confirm the breakout from the ascending triangle pattern with a possible price target of $88.00


$UPWK – Upwork, Inc. operates an online marketplace that allows businesses to find, hire, and pay freelancers for short-term and longer-term projects.

Sector: Technology Services

Market Capitalization: 6.092B

Ownership Summary: 68.23%

TECHNICALS

On the daily timeframe, the price chart has formed an Ascending Triangle pattern since February of 2021, finding strong resistance at the $60.50 price level.  A daily close of $62.30 will confirm the breakout from the ascending triangle pattern with a possible price target of $88.00

If we add some indicators to the chart, we can notice that Stochastics is in the oversold area, and the RSI 14 is having postive convergence towards RSI 75. The price bounced off the diagonal support line on Nov. 11th, which could indicate that the price will continue moving towards the resistance level. The current price can be an excellent long entry for the more aggressive and experienced traders.


$ACB – Aurora Cannabis, Inc. engages in the production, distribution, and sale of cannabis products. Terry Booth and Steve Dobler founded the company on December 21, 2006, and its headquarters are in Edmonton, Canada.

Sector: Process Industries

Market Capitalization: 1.685B

Ownership Summary: 17.33%

TECHNICALS

On the daily timeframe, the price chart has been forming what could be interpreted as a Head and Shoulders Bottom pattern since August of 2021, finding strong resistance at the $7.50 price level. The daily close of $7.70 on Nov. 12th, 2021, confirmed the breakout from the Head&Shoulders Bottom pattern with a possible price target of $9.00. The price gapped at the open and closed with a substantial 12.29% increase from its previous close. This gap could be considered as a breakaway gap since there was a higher than average volume. This volume could signal firm conviction for a continuation to the upside on Monday, but this is not a guarantee.

Higher Volume

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U.S. Equities Watchlist Additions – November 7th, 2021

The following 3 additions to our watchlist show well defined chart patterns that could possibly offer profits with the correct Read more

$ETWO Breakout Alert

$ETWO - E2open Parent Holdings, Inc. is a provider of supply chain management software. It offers an end-to-end and cloud-based Read more

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