INTERIM UPDATE – September 25, 2024
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 up during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist from different regions in single equities. These charts will be covered in the weekly report as well.
TECH CHARTS WATCHLIST – SUMMARY OF RICS & PATTERNS IN FOCUS
INTUIT INC (INTU.OQ) – new addition to watchlist
Intuit Inc. is a global financial technology platform that helps consumers and small businesses prosper by delivering financial management, compliance, and marketing products and services. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 6 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 672.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 692.00 levels will confirm the breakout from the 6 month-long head and shoulder continuation with the possible chart pattern price target of 780.00 levels. (Learn more: Video Tutorial)
GENERAL MOTORS CO (GM.N) – new addition to watchlist
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 49.75 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 51.25 levels will confirm the breakout from the 4 month-long head and shoulder continuation with the possible chart pattern price target of 59.70 levels. (Learn more: Video Tutorial)
PRAIRIESKY ROYALTY LTD (PSK.TO) – new addition to watchlist
PrairieSky Royalty Ltd. is a Canada-based royalty company. The Company has a geologically and geographically diverse portfolio of fee simple mineral title (Fee Lands), lessor interests in and to leases that are issued in respect of certain Fee Lands (Lessor Interests), crude oil and natural gas overriding royalty interests, gross overriding royalty interests, net profit interests and production payments on lands (GORR Interests) and other acreage spanning Alberta, Saskatchewan, British Columbia and Manitoba (the Royalty Properties). The stock is listed on the Toronto Stock Exchange. Price chart formed a 5 month-long rectangle with the horizontal boundary acting as strong resistance at 28.41 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 28.80 levels will confirm the breakout from the 5 month-long rectangle with the possible chart pattern price target of 31.30 levels. (Learn more: Video Tutorial)
ZIM INTEGRATED SHIPPING SERVICES LTD (ZIM.N) – new addition to watchlist
Zim Integrated Shipping Services Ltd is an Israel-based company. It operates as fleet and a network of shipping lines offering cargo transportation services on all major global trade routes, it also offers multi-modal, cargo handling, tariff management, schedule information, and other related services supported by the company’s local offices and representatives around the world. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long rectangle with the horizontal boundary acting as strong resistance at 23.90 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 24.60 levels will confirm the breakout from the 4 month-long rectangle with the possible chart pattern price target of 31.20 levels. (Learn more: Video Tutorial)
TOAST INC (TOST.N) – new addition to watchlist
Toast, Inc. offers cloud-based, end-to-end technology digital platform for the restaurant community. The Company’s platform provides a suite of software as a service (SaaS), products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and an ecosystem of third-party partners. The stock is listed on the New York Stock Exchange. Price chart formed a 4 month-long ascending triangle with the horizontal boundary acting as strong resistance at 27.90 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 28.70 levels will confirm the breakout from the 4 month-long ascending triangle with the possible chart pattern price target of 33.90 levels. (Learn more: Video Tutorial)
