Stock Watch for October 21, 2019

MCF broke out from a cup and handle a month ago and hit a high of 3.24. Then, it retraced back to its resistance-turned-support around 2.00 and rebounded from that level last Friday. In doing so, the stocks could be forming a bigger cup and handle with a 3.24 neckline. If that resistance gets taken out, 4.00 could be the next target price with some roadblocks along the way. On the flip side, 2.20 could be the immediate support. If that breaks, 2.00-2.05 could be next. 

RAD has been moving sideways for half a year now and hitting a low of 5.04. In the process, it is forming what could be an inverted head and shoulders formation. One way this could be confirmed if when the price breaks above the 10.00 neckline backed by heavy volume within couple of weeks. If that marker gets cleared out, the next hurdle could be 11.37. In any case the upswing fails, the immediate support could be 8.58. If that foundation still doesn't hold, the next could be the 2-month uptrend line.