Curated by ZYTrade Editors: If you’re scanning the stock market for a potential swing trade, Thomas Bulkowski’s site does an impressive job at identifying tradable patterns for weekend scanning. Not everyone follows Thomas Bulkowski’s blog, so we’re reposting it here. By the way, if you’re serious about chart patterns, his site is an incredible resource for technical analysis education.
You can find setups based on a Fibonacci retrace by clicking on the link.
The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.
There were 34 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 575 stocks searched, or 5.9%. Based on the percentage, the stock market is trending since few consolidation patterns appear.
I found 15 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move (I see many of them just before a bear market ends or during a bear market rally. Often it means the first bottom of a double bottom has formed. Thus, expect a move down to the second bottom).
Excluding ETFs, there were 36 bullish chart patterns this week and 4 bearish ones with any remaining (7) being undecided. The ratio of bullish to bearish patterns suggests the market is bullish.
In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.
For details about the chart patterns, click here.
Bullish Patterns
Symbol |
Chart Pattern |
Start |
End |
Industry |
MMM |
05/10/2021 |
05/26/2021 |
Diversified Co. |
|
AFL |
05/11/2021 |
05/26/2021 |
Insurance (Diversified) |
|
ALB |
04/20/2021 |
05/21/2021 |
Chemical (Diversified) |
|
AMN |
05/07/2021 |
05/27/2021 |
Human Resources |
|
AMAT |
05/10/2021 |
05/17/2021 |
Semiconductor Cap Equip. |
|
AIZ |
04/30/2021 |
05/27/2021 |
Insurance (Diversified) |
|
BKNG |
05/10/2021 |
05/17/2021 |
Internet |
|
BRKS |
05/10/2021 |
05/17/2021 |
Semiconductor Cap Equip. |
|
BBW |
03/29/2021 |
05/27/2021 |
Retail (Special Lines) |
|
CBT |
05/07/2021 |
05/26/2021 |
Chemical (Diversified) |
|
CAG |
03/30/2021 |
05/27/2021 |
Food Processing |
|
CREE |
05/10/2021 |
05/17/2021 |
Semiconductor |
|
DECK |
02/02/2021 |
05/27/2021 |
Shoe |
|
XRAY |
05/06/2021 |
05/25/2021 |
Medical Supplies |
|
DDS |
05/19/2021 |
05/26/2021 |
Retail Store |
|
FB |
05/10/2021 |
05/17/2021 |
E-Commerce |
|
GME |
04/13/2021 |
05/27/2021 |
Retail (Special Lines) |
|
GIS |
05/06/2021 |
05/27/2021 |
Food Processing |
|
GPRO |
05/10/2021 |
05/17/2021 |
Electronics |
|
IDXX |
02/18/2021 |
05/27/2021 |
Drug |
|
IPAR |
05/11/2021 |
05/24/2021 |
Toiletries/Cosmetics |
|
KLAC |
05/10/2021 |
05/17/2021 |
Semiconductor Cap Equip. |
|
LRCX |
05/10/2021 |
05/17/2021 |
Semiconductor Cap Equip. |
|
L |
05/10/2021 |
05/27/2021 |
Insurance (Prop/Casualty) |
|
MTSI |
05/10/2021 |
05/17/2021 |
Semiconductor |
|
MGEE |
04/20/2021 |
05/24/2021 |
Electric Utility (Central) |
|
MLI |
05/12/2021 |
05/27/2021 |
Metal Fabricating |
|
NBR |
05/10/2021 |
05/27/2021 |
Oilfield Svcs/Equipment |
|
NFG |
05/19/2021 |
05/27/2021 |
Natural Gas (Diversified) |
|
NVDA |
05/10/2021 |
05/17/2021 |
Semiconductor |
|
PYPL |
05/10/2021 |
05/17/2021 |
Financial Services |
|
PPG |
04/30/2021 |
05/27/2021 |
Chemical (Diversified) |
|
PG |
05/10/2021 |
05/26/2021 |
Household Products |
|
TER |
05/10/2021 |
05/17/2021 |
Semiconductor Cap Equip. |
|
TXT |
05/10/2021 |
05/26/2021 |
Diversified Co. |
|
TRV |
05/10/2021 |
05/27/2021 |
Insurance (Prop/Casualty) |
|
XLNX |
05/10/2021 |
05/17/2021 |
Semiconductor Cap Equip. |
|
QTEC |
05/10/2021 |
05/17/2021 |
Electronics |
|
MGK |
05/10/2021 |
05/17/2021 |
None |
Bearish Patterns
Symbol |
Chart Pattern |
Start |
End |
Industry |
ADTN |
05/07/2021 |
05/27/2021 |
Telecom. Equipment |
|
BIO |
05/11/2021 |
05/27/2021 |
Medical Supplies |
|
CX |
05/10/2021 |
05/27/2021 |
Cement and Aggregates |
|
GES |
04/22/2021 |
05/26/2021 |
Apparel |
|
THG |
05/05/2021 |
05/27/2021 |
Insurance (Prop/Casualty) |
|
HNI |
04/27/2021 |
05/27/2021 |
Furn/Home Furnishings |
|
INOV |
04/29/2021 |
05/26/2021 |
Healthcare Information |
|
NXGN |
03/25/2021 |
05/26/2021 |
Healthcare Information |
|
SRE |
04/28/2021 |
05/27/2021 |
Electric Utility (West) |
|
UPS |
05/10/2021 |
05/26/2021 |
Air Transport |
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