Mcdonald’s Corp (NYSE: MCD)

McDonalds Corporation operates and franchises McDonalds restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu.

Take a look at the 1-year chart of McDonalds (NYSE: MCD) below with my added notations:

1-year chart of McDonalds (NYSE: MCD)

Over the past six months, MCD has been trending higher, while also forming a nice trend line of support (blue) along the way. Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its relevance. The current pullback to the MCD line provides trading opportunities, one way or another.

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Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY)

Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes novel therapeutics based on RNA interference (RNAi). Its pipeline of investigational RNAi therapeutics focuses on genetic medicines, cardio-metabolic diseases, and hepatic infectious diseases.

Take a look at the 1-year chart of Alnylam (NASDAQ: ALNY) below with my added notations:

During the past three months, ALNY has formed a clear level of resistance to watch at the $90 (red) mark. That level was also an important area of support when the stock was above it. A close above that $90 level should lead to higher prices.

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Alibaba Group Holding Ltd (NYSE: BABA)

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Take a look at the 1-year chart of Alibaba (NYSE: BABA) below with the added notations:

After trending lower since the June peak, BABA formed a double bottom (green) price pattern. Bottoming, rallying up to a point, selling back off to a similar bottom, and then rallying back up again forms the pattern. As with any price pattern, a confirmation of the pattern is needed.

BABA confirmed the pattern yesterday by breaking up through the $170 resistance (blue) that was created by the double bottom pattern.

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Wynn Resorts, Limited (NASDAQ: WYNN)

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 15, 2018, the company’s Wynn Macau segment had approximately 273,000 square feet of casino space. Its Wynn Palace segment had approximately 420,000 square feet of casino space. The company’s Las Vegas Operations segment had approximately 192,000 square feet of casino space.

Take a look at the 1-year chart of Wynn (NASDAQ: WYNN) below with the added notations:

After trending lower all last summer and fall, WYNN formed what appears to be a double bottom (green) price pattern. Bottoming, rallying up to a point, selling back off to a similar bottom, and then rallying back up again forms the pattern. As with any price pattern, a confirmation of the pattern is needed.

WYNN confirmed the pattern by breaking up through the $120 resistance (blue) that was created by the double bottom pattern.

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Baidu Inc (NASDAQ: BIDU)

Baidu, Inc. provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, while the iQIYI segment provides Internet video streaming services.

Take a look at the 1-year chart of Baidu (NASDAQ: BIDU) below with the added notations:

1-year chart of Baidu (NASDAQ: BIDU)

Over the course of the past 2-3 months, BIDU has formed an important level to watch at $175. The mark was support multiple times towards the end of 2018, and now it is acting as resistance on rallies back up to it.

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