PCOR (Chart: Daily ** Resistance: 4.20/4.45 ** Support: 3.8)
PCOR seems to be forming an ascending triangle. The target for the formation is 5.50. Breakout price is at 4.50. The 3 MA’s is currently blocking the price movement, but this might be broken within the week for the price to reach the resistance at 4.45.
ALI (Chart: Daily ** Resistance: 14.25/15 ** Support: 13.50)
ALI is forming an ascending triangle with resistance at 14.25. If the resistance is broken with volume expect a target of 17.75. But before it reaches that target it also has to break the previous high of 15. If the price continues to move up with low volume, we could redraw the resistance at 15 and expect a higher target price. But for now, we just would have to wait.
GLO (Chart: Daily ** Resistance: 1080 ** Support: 980)
GLO is trading in an upward channel. There is also a symmetrical triangle formation but the volume does not confirm the pattern, so its more likely to be an upward channel. I included GLO in the list because I noticed that volume is slowly picking up. There might be something brewing in this stock.
SMPH (Chart : Daily ** Resistance: 8.20 ** Support: 7.70)
SMPH is forming an ascending triangle with resistance at 8.20. Possible upside target of 9.50. But before it reaches the target, resistance might be encountered at th 8.50 and 9 level.
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