Comments include: ASML, LRCX, ORCL, P, SHOP, & TSLA.
| ASML ASML Holding NV ADR ($1,831.80) - Semiconductors - ASML inched higher to complete a double top break at $1792. The 3 for 5'er moved down from a 5 in July after reversing back into Os against the market and its peers. Although the stock has shown much improvement this year, ASML is still rated a hold in its technical attribute score. Continue monitoring for further improvement. Initial strong support is at $1584, with additional support at $1536. |
| LRCX Lam Research Corporation ($323.00) - Semiconductors - LRCX inched higher to complete a triple top break at $324. The 5 for 5'er moved up from a 4 with its latest move, after reversing back into a positive trend. Additionally, the stock ranks in the top half of the semiconductors sector matrix. Long exposure can be made here. Initial strong support is at $268, with additional suppor at $252. |
| ORCL Oracle Corporation ($138.16) - Software - ORCL reversed back up and completed a double top break at $142. The 1 for 5'er moved up from a 0 after reversing back into Xs against the market last month, and ranks in the top half of the software sector. Although ORCL has demonstrated some improvement in recent weeks, the stock is still rated a sell and is down over 27% year-to-date. Continue avoiding for the time being. Initial support is at $132, with additional support at $116. |
| P Everpure Inc. ($130.86) - Computers - P inched higher to complete a double top break at $132, marking its third consecutive buy signal. The 5 for 5'er moved up from a 4 earlier this month, after reversing back into Xs against the market. Additionally, the stock ranks first in the computers sector matrix. The weekly OBOS indicates that the stock is in overbought territory, so wait for a normalization of the 10-week trading band before considering. Initial support is at $124, with additional support at $96. |
| SHOP Shopify Inc ($147.62) - Retailing - SHOP completed a bullish triangle $146, marking its second consecutive buy signal. The 4 for 5'er moved up from a 3 earlier this month, after reversing back into a positive trend. Long exposure can be made here. Initial strong support can be seen between $136-$138, with additional strong support between $126-$128. |
| TSLA Tesla Inc. ($354.40) - Autos and Parts - TSLA inched lower to complete a double bottom break at $352. The 2 for 5'er moved down from a 3 with its latest move, after reversing back into a negative trend. Additionally, the stock ranks in the bottom half of the autos and parts sector matrix. Initial strong support is at $352, with additional support at $344. Strong resistance can be seen at $384. |
