FirstEnergy Corp. (NYSE: FE)

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. The company also provides energy-related products and services to retail and wholesale customers.

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

Over the past several weeks, FE has formed a $44 resistance (red), while also climbing a trend line of support (green). Together, these two lines have formed an ascending triangle on FE. Eventually, the stock will have to break either the $44 resistance or the triangle support.

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AmerisourceBergen Corp. (NYSE: ABC)

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally.

Take a look at the 1-year chart Bergen (NYSE: ABC) below with my added notations:

1-year chart Bergen (NYSE: ABC)

ABC had formed a key level of resistance at the $87 level (red) during the past several months. However, the stock broke through that resistance on Wednesday. If ABC comes back down to that $87 level, which should now act as support, a bounce could be expected.

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Netflix, Inc. (NASDAQ: NFLX)

Netflix, Inc. provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages.

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

Over the past 12 months, NFLX has formed a large, inverse head and shoulders reversal pattern (green). I have noted the head (H) and the shoulders (s) to make the pattern more visible. The stock’s neckline resistance is at the $385 level (red). NFLX will confirm its H&S if the stock breaks through the neckline.

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Sonos Inc (NASDAQ: SONO)

Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the United States and internationally. It provides wireless speakers, home theater speakers, and components.

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

1-year chart of SONO (NASDAQ: SONO)

During the past 6 months, SONO has commonly hit the $12 mark (red) as resistance. The stock looks like it may be on its way back up to that area again, and a solid close above that $12 level should lead to much higher prices for SONO.

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RH (NYSE: RH)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings.

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

During the past few months, RH has formed an important level of resistance to watch at the $120 (red) mark. The stock looks like it may be on its way back up to that level again, and a solid close above that $120 should lead to much higher prices for RH.

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