#007 | US Stocks
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The complete idea behind this newsletter is not to make you think of it as a ‘get rich quick scheme’. If you’re reading this, you have already gone through the description and the disclaimer in detail.
Also, this is the effort of multiple stakeholders involved with Alpha Swing. My job is to hit send.
Let’s dive in.
Community Health Systems
In the weekly charts, we can see that Community Health Systems has formed a big cup and has been trying to come out of the range acting as a strong resistance on the charts.
In the current week, it has managed to close above the marked resistance level giving us bullish bias for the stock.
Let’s now look at the daily charts.
In the daily charts, CHS has formed a descending channel and has managed to come out with a bullish close above the descending channel. This adds to our bullish bias.
In the weekly charts, Facebook has closed above the marked resistance level.
The same resistance level has also acted as a support and has managed to keep a bullish bias going on the stock.
Let’s now take a look at the daily charts.
In the daily charts, the level marked is acting as a support for the stock.
This adds to our bullish bias for the stock.
This edition is powered by Trendspider. In the past we have used Volume Shelf to complement our analysis.
(Volume Shelf is an exclusive feature available only on Trendspider.)
Indian Stocks for the week
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