In this volatile market, we're going to look at charts trending both up and down. Here are two stocks that are trending higher and two that are trending lower.

On the long side:

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HLX

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YCharts

Helix Energy Solutions Group, Inc. (HLX) - Get Report

Helix broke out of a several month consolidation on Tuesday on strong earnings news, but then closed back under resistance near $6.50. On Wednesday morning it pulled back all the way down to Tuesday's low at $5.81, with support at around $5.63, but it rallied back to close at $6.55, up a penny on the day. It was a nice reversal, and now we're watching for a test of Tuesday's high at $7.75. If the stock gets through that, look for a move to $8.75, and then $10.50.

NEO data by YCharts

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Neogenomics Inc. (NEO) - Get Report

Neogenomics exploded on Wednesday, up $1.40, or 25%, to $7.08, on 3.6 million shares on news it is acquiring a company in its field of cancer diagnostics. That's the second biggest volume in a couple years, and the stock, which is right at its September high, now looks ready to break out and run. Targets are the channel top at $8.50, and then $9.50-to-$10.


On the short side:

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MAN

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YCharts

ManpowerGroup (MAN) - Get Report

Outsourcing services company ManpowerGroup has just broken down out of out a month-long up-channel within its intermediate-term down-channel. The stock dropped $2.61 to $85.05 on 1.1 million shares on Wednesday, just ahead of earnings, repelled by declining tops line resistance. After what appears to be a four-wave move, the stock could be a fifth wave down that takes it towards the channel bottom in the $73-to-$75 range.

WSM data by YCharts

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Williams-Sonoma Inc. (WSM) - Get Report

Williams-Sonoma looks about to crack support after multiple weeks of consolidation following a big down-draft at the end of August. On Wednesday the stock fell 1.39 to 74.78 on a million shares, on no news, which could be setting up the break. Its next leg down could take it to the mid-$60's or lower.

See video chart analysis on these stocks.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. At the time of publication, the author held no positions in the stocks mentioned.