INTERIM UPDATE – October 1, 2020

I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below are latest additions to Tech Charts watchlist in case they experience breakouts in the last two days of the week. These charts will also be included in the weekly update.

TELEPERFORMANCE SE (TEPRF.PA) – new addition to watchlist

Teleperformance SE, formerly Teleperformance SA is a France-based telemarketing and tele-services provider. The Company specializes in the customer relation management contact centers. The Company uses a range of distance sales media, including fixed line and mobile line telephones. The stock is listed on the Paris Stock Exchange. Price chart formed a 2 month-long rectangle with the horizontal boundary acting as resistance at 267.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 271.50 levels will confirm the breakout from the 2 month-long rectangle with the possible chart pattern price target of 285.4 levels. Breakout can push the stock to all-time highs. (Learn more: Video Tutorial)

GRANGES AB (GRANG.ST) – new addition to watchlist

Granges AB is a Sweden-based aluminum company. It specializes in rolled aluminum products for the manufacture of brazed heat products. The Company directs its offer to original equipment manufacturers (OEM), supporting them in product development. Its key competences include: brazing and processing, mechanical properties, corrosion, and lubrication, chemistry and surfaces. The Company has research and development (R&D) and production facilities in Sweden and China. The stock is listed on the Stockholm Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 82.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 85.20 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 95.8 levels. (Learn more: Video Tutorial)

DASSAULT SYSTEMES SE (DAST.PA) – new addition to watchlist

Dassault Systemes SE is a France-based software company, which provides different kind of three-dimensional (3D) solutions. The Company develops industry-focused solutions for industries, such as aerospace and defense, transportation and mobility, industrial equipment, business services, high-tech, life sciences, energy and materials, consumer goods and retail, construction, cities and territories, consumer packaged goods and retail, and marine and offshore. The stock is listed on the Paris Stock Exchange. Price chart formed a 2 month-long ascending triangle with the horizontal boundary acting as strong resistance at 162.80 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 165.25 levels will confirm the breakout from the 2 month-long ascending triangle with the possible chart pattern price target of 181.0 levels. Breakout can push the stock to all-time highs. (Learn more: Video Tutorial)

TWIN RIVER WORLDWIDE HOLDINGS INC (TRWH.N) – new addition to watchlist

Twin River Worldwide Holdings, Inc. owns and manages seven casinos, two casinos in Rhode Island and one in Mississippi, one in Delaware, and three casinos as well as a horse racetrack. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long cup & handle continuation with the horizontal boundary acting as strong resistance at 27.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 28.00 levels will confirm the breakout from the 4 month-long cup & handle with the possible chart pattern price target of 34.0 levels. (Learn more: Video Tutorial)

NCR CORP (NCR) – new addition to watchlist

NCR Corporation is a software and services-led enterprise provider in the financial, retail, hospitality, telecommunications and technology industries, with business in approximately 180 countries. The Company offers a range of solutions, including software, advisory and consulting services, hardware, support and managed services. The stock is listed on the New York Stock Exchange. Price chart formed a 6 month-long ascending triangle with the horizontal boundary acting as strong resistance at 22.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 23.15 levels will confirm the breakout from the 6 month-long ascending triangle with the possible chart pattern price target of 29.5 levels. (Learn more: Video Tutorial)

INVESCO LTD (IVZ.N) – new addition to watchlist

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. The stock is listed on the New York Stock Exchange. Price chart formed a 3 month-long rectangle with the horizontal boundary acting as strong resistance at 11.70 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 12.05 levels will confirm the breakout from the 3 month-long rectangle with the possible chart pattern price target of 13.8 levels. Breakout can also clear the 200-day average. (Learn more: Video Tutorial)

LGI HOMES INC (LGIH.OQ) – new addition to watchlist

LGI Homes, Inc. is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 2 month-long rectangle with the horizontal boundary acting as strong resistance at 123.20 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 127.00 levels will confirm the breakout from the 2 month-long rectangle with the possible chart pattern price target of 143.3 levels. Breakout can push the stock to all-time highs. (Learn more: Video Tutorial)

LHC GROUP INC (LHCG.OQ) – new addition to watchlist

LHC Group, Inc. is a holding company. The Company provides post-acute healthcare services to patients through its home nursing agencies, hospice agencies, community-based services agencies and long-term acute care hospitals (LTACHs). The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 2 month-long rectangle with the horizontal boundary acting as resistance at 213.70 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 217.00 levels will confirm the breakout from the 2 month-long rectangle with the possible chart pattern price target of 233.0 levels. Breakout can push the stock to all-time highs. (Learn more: Video Tutorial)