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(SRNE) - Sorrento Therapeutics Stock Looks To Form Bullish Falling Wedge

Amazon com, Inc (NASDAQ:AMZN) - Amazon Stock Runs Up Towards Resistance: Technical Levels To Watch

Amazon com, Inc (NASDAQ:AMZN) - Amazon Stock Runs Up Towards Resistance: Technical Levels To Watch
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Flagstone Reinsurance Holdings S A (FSR) - Make It Or Break It Time For Fisker Stock: Technical Levels To Watch

Fisker shares were down 3.64% at $15.34 at last check Friday. Fisker Daily Chart Analysis: The daily chart above shows that Fisker stock looks to be forming what technical traders would call a descending triangle pattern. The flat bottom of the pattern looks to be near the $14 mark. The $14 mark is a place where the stock has found support before and has been unable to cross below in the past. The resistance in the pattern can be found by connecting the previous highs on the chart. The stock may hold this line as resistance in the future until the line is either broken or the descending triangle pattern is confirmed.

Citigourp Global Markets 2% Protected Notes Linked To The Djia (PDD), Tesla Motors (TSLA) - 3 Robinhood Stocks Looking To Break Out Of Resistance Soon

Pinduoduo Inc. (NASDAQ:PDD) and FuboTV Inc. (NYSE:FUBO) are all stocks that are nearing resistance levels. Here s a technical analysis for each.  Tesla Daily Chart Analysis: The daily chart above shows Tesla stock has broken above the resistance level and looks to be possibly changing trend. The stock was forming a descending triangle pattern, but may now be breaking above resistance.  The stock s old resistance level was near $500  a key level for traders that possibly hints as support in the future. Below this level, the stock may take a further tumble. The stock looks to be breaking above the potential resistance line connected by the previous highs on the chart. This may cause the stock to change trends and start working its way up again.

Carnival Corp (CCL), Norwegian Cruise Line Holdings (NCLH), Royal Caribbean Cruises Ltd (RCL) - 3 Cruise Stocks Have Been In An Uptrend All Year And Might Be Ready To Break Out

Bears would like to see the stock stop forming higher lows before a stronger downwards move. Norwegian Cruise Line Daily Chart Analysis: The chart above shows the stock is also forming into an ascending triangle pattern. The flat resistance level on this stock comes near the $32.50 level. The stock has seen higher lows throughout the past year and is being squeezed into this resistance. For bulls to see the pattern confirm, they would like to see the stock break above the $32.50 level and consolidate for a time before it sees a higher move. Bears would like to see the stock stop forming higher lows before a stronger downwards move.

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