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Second of the week! Let’s review a few more names:
Crown Castle Inc. (NYSE: CCI)
CCI is currently trading below both support trendlines and trying to break out of the red resistance trendline which has been firm since ATHs.
CCI came back into its 2013 prior ATH at 81.16 earlier this month and is trying to reclaim the 88-90 quarterly support-turned resistance.
If CCI is able to breach resistance, flip this level and reclaim the blue support trendline, then it could potentially tange back into the 118-123 area of significant resistance.
Otherwise, if CCI breaches both the 81.16 prior ATH and the 77.95-78.57 half-yearly support, it could see a deeper correction into the 66.13 yearly imbalance and the 64.01 Fib level.
ServiceNow, Inc. (NYSE: NOW)
NOW broke down from both its long-term green support trendline and short-term blue support trendline.
It filled the quarterly imbalance at 98.92 and is holding above the 100 psychological level for the time being.
If NOW is unable to hold its monthly imbalance fill at 97.12, then it's likely to see further downside continuation into the 90.97 Fib level and the 89.65 yearly level.
Otherwise, NOW may attempt to reclaim its blue trendline and break out of the multiple resistance trendlines, notably the red ATH resistance trendline.
A break above 104-106 prior support-turned resistance could result in a retracement back into the 113.20 Fib level.
In short, NOW broke down from trend, and how it responds to both the blue support trendline and the resistance trendlines is key moving forward.
Pool Corporation (NASDAQ: POOL)
POOL broke down from the long-term green support trendline, but is still holding the dark blue support trendline.
If POOL rejects the 228.19 yearly level, breaks below the support trendline and continues to be faded off the brown resistance trendline, then it could see further downside continuation into the 193-195 quarterly support.
Otherwise, if POOL holds the dark blue support, reclaims 228.19 and breaks out of the brown trendline, it could retrace back into the 247.96 Fib level.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$Crown Castle(CCI)$ $ServiceNow(NOW)$ $Pool(POOL)$ $Apple(AAPL)$ $SanDisk Corp.(SNDK)$
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