Stock Watch for October 18, 2019

ASMB had a great first half of the trading session. Based on its 1min chart, the stocks had several setups en-route to the 18.62 high. However, the 3rd setup didn't produce a favorable upside and that was a good indicator that the uptrend was about to be over. As few hours went by, the stocks consolidated to what looked to be a head and shoulders then came the breakdown.

CRR could be forming a cup and handle formation. This will be confirmed once the neckline at 2.99-3.00 gets cleared out. If it does, the next hurdle could be 3.50. On the flip side, the 2.00 marker could be a good support then 1.70 could be next.

TTOO looks like it could be forming a triangle chart pattern. A breakout from the said formation with heavy volume could send the stocks all the way to the next resistance at 3.21. If that gets taken out, 3.69 could be the next target. On the downside, a good stronghold could be the 2.15-2.21 level.