Stocks to look out for this week - ORCL, AMD and more

Daily Chart -[BULLISH ↗ **] Market shaped a bullish breakout of ascending channel. We stay bullish on Oracle, expecting price to hold above 137.50 support, before shaping a new push higher towards 156.50 resistance. Technical indicators advocating for a bullish scenario.

Daily Chart -[BULLISH ↗ **] AMD is holding above an ascending trendline support at 157.40. As long as price holds above this level, we stay bullish and expect a push up towards 191.00 resistance. Technical indicators are advocating for a bullish scenario as well.

Daily Chart -[BULLISH ↗ **] LYV has confirmed a double bottom reversal pattern. As long as price holds above 94.30 support, we stay bullish and expect a bounce higher towards 97.75 resistance first, then finally 102.00 resistance next. Price is holding above 21 period EMA with MACD showing a build up in bullish momentum.

Daily Chart -[BEARISH ↘ **] DHR confirmed a double top reversal pattern and has also broken below ascending trendline support (now resistance). With price holding below 248.30 resistance, we prefer to stay bearish and expect price to push lower towards 225.00 support level. Technical indicators are advocating for a bearish scenario as well.

Weekly Chart -[BULLISH ↗ **] 6098 JP confirmed a pennant breakout to the upside. We stay bullish above 8460 support, looking to add on dips, to ride the further push higher towards 9670 resistance. Technical indicators are advocating for a bullish scenario as well.

Prepared by:

Isaac Lim CMT, CFTe
Chief Market Strategist

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