Carolyn Boroden is a Commodity Trading Advisor and technical analyst who has been involved in the trading industry for over 25 years. Her background includes working on the major trading floors including the Chicago Mercantile Exchange, the CBOT, NYFE and COMEX, where she eventually shifted over to focusing on technical analysis of the markets.
Let's see if either of these names provide an entry this week.
It's worth watching for trade triggers in both stocks.
There is the potential for a vertical spread in the aircraft maker.
However, traders would be wise to use stops if they want to shoot for this target.
A key chart is saying it isn't time to buy the video streaming giant just yet, but a tradable low could be near.
Watching for a pattern shift and eyeing support on NKE's charts.
The fitness name is displaying a pattern of higher highs and lows and favorable symmetry projections.
If the bank's price holds above a key support level it will be time to be bullish; if not, the trade setup will be a bust.
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