Lots of double and triple tops—

Discussion in 'Technical Analysis' started by NY_HOOD, Mar 23, 2018.

  1. NY_HOOD

    NY_HOOD

    im seeing many topping patterns in individual equities. Double and triple tops, head and shoulders.
    NVDA, AAPL, GOOG, SWKS, AVGO, LRCX, KLAC, GS, MMM, CAT to name a few.
     
  2. More bad news. :(:(:(
     
  3. NY_HOOD

    NY_HOOD

    There is definitely more downside.
     
  4. truetype

    truetype

    So I take it you're bearish on those names. Here are today's closes - we can check back in a week.
    Code:
    NVDA 232.97
    AAPL 164.94
    GOOG 1021.57
    SWKS 101.41
    AVGO 242.48
    LRCX 202.63
    KLAC 108.18
    GS 245.26
    MMM 215.36
    CAT 144.29
    
     
  5. So truetype, you are bullish at this point? Thanks.
     
  6. Bear market for sure for these stocks, they are in bubble territory. Bull market starting for gold and agro commodities, corn, soy, wheat
     
  7. truetype

    truetype

    Where are your stoploss levels?
    Code:
    NVDA 241.28 8.31 3.57 %
    AAPL 169.12 4.18 2.53 %
    GOOG 1046.80 25.23 2.47 %
    SWKS 104.63 3.22 3.18 %
    AVGO 245.13 2.65 1.09 %
    LRCX 210.65 8.02 3.96 %
    KLAC 111.94 3.76 3.48 %
    GS 251.21 5.95 2.43 %
    MMM 218.15 2.79 1.30 %
    CAT 147.58 3.29 2.28 %