Inside this analysis you can find the companies that showed the Trendline Rebounds Chart Patterns appeared today:
- REBOUND from TrendLine
None of the patterns below guarantee success because there may be false rebounds. The purpose of this analysis is purely informative.
REBOUND from RISING TrendLine
It represents an event in which the share price is bouncing away from a trend-line that has supported recent price growth. So it can be a point where the stock price starts to rise again following its main positive trend.
McDonalds Corp (MCD)
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally.
Target Price: 223.07
United Technologies Corp (UTX)
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide.
Target Price: 160.71
REBOUND from FALLING TrendLine
It represents an event in which the share price is bouncing away from a trend-line that has supported the recent decrease in prices. So it can be a point where the stock price starts to fall again following its main negative trend.
Hershey Co (HSY)
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products.
Target Price: 147.47
Grubhub Inc (GRUB)
Grubhub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States.
Target Price: 36.84
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This analysis shows the Trendline Rebounds of the Day. If you are interested in other Rebound Chart Patterns of the day (Resistance, Support and Moving Averages) I’ll wait here.
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*Charts by tradingview.com
*Company information from finance.yahoo.com
DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment. Stocks trading involves substantial risk of loss and is not suitable for every investor. Trade responsibly.