Watch out FDX, ZION and HLNE - Prices are ready to soar!

FedEx

  • The stock price has been following a downward trend within a parallel channel.
  • After reaching a base near the 145 level, the price started to move in an upward direction.
  • With the support of a trendline, the stock managed to break through its trendline resistance with strong volume.
  • As long as the price remained below the 50 EMA, it faced resistance from the 50 EMA. However, once it broke above the EMA, it found support from the 50 EMA multiple times.
  • The current RSI is above 60, indicating the strength of the buyers.
  • The MACD line recently crossed over the signal line from below, signalling a bullish sentiment.


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Zions Bancorporation

  • After the Symmetrical Triangle pattern breakout, the price surged and reached a high near the 75 level.
  • However, the stock failed to sustain the uptrend and dropped to its support zone.
  • A Head & Shoulder pattern emerged, signalling bearish sentiment.
  • When the neckline was breached, the price significantly dropped to its previous support level near 22.
  • The stock then moved up with higher trading volume.
  • It later formed an Ascending pattern and recently experienced a sharp breakout.
  • The current RSI is above 60 and trending upwards, indicating buyer strength.


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Hamilton Lane

  • Before, the stock price made an Ascending triangle pattern and after breaking out, the price consolidated before going up.
  • The stock price encountered a sharp rejection around the 115 level and fell significantly.
  • Following a substantial consolidation, the stock formed a Cup & Handle pattern.
  • When this pattern appears on the chart, it typically signals a continuation of the trend.
  • After the breakout, the stock price is on the rise.
  • The current RSI is above 60 and the RSI line is also trending upwards, demonstrating the strength of the buyers.


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