6/17/2021 Watchlist Charts

6/17/2021 Watchlist Charts

 

6/17 Thursday Watchlist

 

$SHOP – Still looking pretty good from Tuesday’s Watchlist… Nice green day today. If SHOP can maintain 1360, then 1400+ is right around the corner.

 

 

$XLF – Seeing a small falling wedge forming on the daily chart. There was more buying than selling going on today. Tight trading range. Looking like it is primed to breakout soon. Watching XLF to see if it holds 37 for further continuation.

 

 

 

$WKHS – Workhorse challenges USPS decision to award vehicle contract to Oshkosh. Bull flag formation. Watching for a breakout above 15. Must hold above 14.

 

 

 

$KO – Trading along trendline resistance at the moment. Typically has seen a reversal everytime KO has touched trendline support. Looking for KO to hold above 54.