Walmart made a positive break in June 2022 by breaking upwards through its downwards-sloping resistance line at $123.00.
The share has been trading higher and recently touched its target level at $153.40. The share has pulled back in short term but could potentially test the target level again, in our view.
JP Morgan Chase & Co made a positive break in October 2022 by breaking upwards through the downward-sloping resistance line at $120.00.
JPM has reached and breached our target level at $140.00 and could potentially test the resistance level at $160.00, in our view.
Broadcom made a positive break in November 2022 by breaking upwards through its downwards-sloping resistance level at $518.00.
The share has since moved higher and reached our first resistance level of $590.00. The share could potentially test the next resistance level at $673.00, in our view.
Verizon has been in a negative trend since November 2020, falling by -44.00% and touching a recent low of $34.00 in October 2022.
The share made a recent short-term positive break by breaking upwards through its resistance line at $37.00.
The share rallied and is currently testing our short-term resistance level at $42.00.
The share needs to hold this level and even move higher to prevent a failure and falling back again, in our view.
Abbotts Laboratories made a positive break in November 2022 by breaking upwards through its downwards-sloping resistance level at $105.00.
The share continued to trade higher and is currently testing its first target level at $114.00.
The share could potentially test the second target level of $128.00, in our view.
Oracle Corporation made a positive break in July 2022 at $72.00, rallied and then failed to the downside and fell sharply to reach a low of $60.00 in October 2022.
Since then, the share has rallied sharply and has reached both our target levels of $83.00 and $90.00.
At current levels, we might first see a period of consolidation before further directional price action, in our view.
This report provides a technical analysis of Walmart Inc, JP Morgan Chase & Co, Broadcom Inc, Verizon Communications Inc, Abbot Laboratories, and Oracle Corporation.