Veracyte Inc (NASDAQ: VCYT)

Veracyte, Inc. operates as a genomic diagnostics company in the United States and internationally. The company offers Afirma Genomic Sequencing Classifier and Xpression Atlas solutions for a complex landscape in thyroid nodule diagnosis to physicians; Percepta Bronchial Genomic Classifier solution for use in lung cancer diagnosis; and Envisia Genomic Classifier solution for the diagnosis of idiopathic pulmonary fibrosis. It sells its products through product specialists, account managers, and medical science specialists.

Take a look at the 1-year chart of Veracyte (NASDAQ: VCYT) with the added notations:

VCYT has formed a major level of support at $22 (green) during the past several months. The stock has come back down to that level again, and traders could be expecting some sort of a bounce. However, if the $22 support level were to break, lower prices should follow for VCYT.

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Twilio Inc (NYSE: TWLO)

Twilio Inc. provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally.

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

TWLO has formed a down-channel over the past 3 months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance.

When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that TWLO has tested its channel trendlines multiple times.

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Nutanix Inc (NASDAQ: NTNX)

Nutanix, Inc. develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.

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

Over the past 4 months, NTNX has formed an inverse head and shoulders reversal pattern (green). The head (H) and the shoulders (s) are noted to make the pattern more visible. The stock’s neckline resistance is at the $27.5 level (red). NTNX will confirm the pattern if the stock breaks through the neckline.

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Green Plains Inc (NASDAQ: GPRE)

Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership.

Take a look at the 1-year chart of Plains (NASDAQ: GPRE) with the added notations:

GPRE has a formed an important level of support at $10 (green). The stock looks like it may be making its way back down to there again, and traders might be able to expect some sort of a bounce, if it does. However, if the $10 support were to break, lower prices will likely follow.

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Kirkland Lake Gold Ltd (NYSE: KL)

Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties. It owns and operates four underground gold mines, including the Macassa, Holt, and Taylor mines located in northeastern Ontario, Canada; and the Fosterville Mine located in Victoria, Australia, as well as three milling facilities in Canada and Australia. 

Take a look at the 1-year chart of Kirkland Lake Gold Ltd (NYSE: KL) below with my added notations:

1-year chart of Kirkland (NYSE: KL)

KL has formed key support at $42.5 (green) over the past two months. The stock is also declining against a down trending resistance line (red). These two levels combined have KL stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those two levels.

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