Last up is PetroChina ( PTR), the oil and gas giant based in the People's Republic. PTR is currently forming the bullish opposite of the setup in Google: an inverse head and shoulders pattern.

>>5 Big-Volume Stocks to Trade for Breakouts

As with Google, the neckline level is sloping in PTR, and shares are extremely close to that breakout level right now. At the moment, the neckline price is right around $114, a level that's getting tested in today's trading session. If PTR can hold a bid above that upper blue line, then it makes sense to jump into shares.

If you think that the head and shoulders is too well known to be worth trading, the research suggests otherwise: a recent academic study conducted by the Federal Reserve Board of New York found that the results of 10,000 computer-simulated head-and-shoulders trades resulted in "profits that would have been both statistically and economically significant." That's good reason to keep an eye on both of these names in the next few sessions.

To see this week's trades in action, check out this week's Must-See Charts portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji

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