#012 | US Stocks
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.
In the weekly charts, we can see that Wix.com has crossed the marked resistance level with a strong confirmation candle. This gives us a bullish bias on the stock.
Let’s now have a look at the daily charts.
In the daily charts, once can see that the stock has finally managed to come out of the descending channel supported with strong confirmation candles.
This is also supported with volume shelf.
(Volume Shelf is an exclusive feature available only on Trendspider.)
MI is at a multi-year breakout.
This is giving us a strong bullish bias. Let’s now look at the daily charts.
In the daily charts, there is an ascending trendline.
The stock is continuously taking support at those levels and this adds to our bullish bias for the stock.