Date: 26 June 2026

Sector: Producer Manufacturing / Trucks / Construction / Farm Machinery

Exchange: New York Stock Exchange

TradingView link: 3M candles & 1D candles

Opening/macro/sector context

Deere & Company has many themes in common with Caterpillar (ticker CAT), which I analysed a few days ago.

The company has several verticals, with the three main ones being agriculture, construction, and financial services.

The agricultural side focuses on vehicles and equipment for farming and forestry.

The construction arm focuses on machinery and equipment used in building and infrastructure.

The financial services segment is involved in financing and leasing those vehicles through the company’s dealer network.

This again feels very much like a picks-and-shovels play on the AI theme.

We have a lot of build-out happening, with new infrastructure coming on board. To perform that build-out, prepare the ground, put up the buildings, pour the concrete, and get the sites ready, physical goods and physical capital are required.

That can only really be done by companies such as Deere & Company and Caterpillar.

So for me, Deere is sitting underneath a number of themes.

First, the push towards AI build-out and data centres.

Second, the reshoring theme.

With reshoring comes the idea that something that used to be made abroad will now be made at home.

If the buildings, factories and infrastructure are no longer in place, they will have to be rebuilt.

That can only be done with the help of companies such as Deere and Caterpillar.

Long-term structure

Deere has been around since 1968, when it first floated at around $2.

As of yesterday's close, the stock was trading around $630.

Had you managed to hold on for all that time, you would be looking at a return of around 17,000%.

There are probably not many of those shareholders still around, with the most likely long-term holders being the original family.

To get the full history, I have had to move out to 3-month bars on the chart.

As you can see, I have laid out a number of pink boxes marking periods of consolidation, followed by moves up to new price levels.

It has been a pretty steady staircase over time.

The first three boxes show long periods of sideways action, followed by higher acceleration, then another period of sideways movement, and then another move up.

The move from the third to the fourth box was when we saw very rapid expansion.

In that instance, Deere moved from around $108 all the way to the top of the move, around $440.

The stock then consolidated within the fourth pink box before eventually making another higher move.

After clearing the top of that box around $450, Deere continued higher and is now trading around $630.

That is a pretty hefty move over the last nine months.

Lower timeframe / recent structure

When we drop down to the daily timeframe, the setup gets really interesting.

Deere pushed up towards $673, then moved sideways before suffering a sharp decline to $512 on 21 May.

After that, the stock began to rebuild its structure.

We have since seen a new pattern of higher lows and higher highs, then higher lows again, marked out by the red arrow.

The stock has also cleared the recent peak of $619, set on 9 April.

For me, I would ideally like to see a pullback from the current move.

If Deere pulls back and then gives the next grey-to-blue ot yellow-to-blue candle change, that could provide the next opportunity to look for a move higher.

The aim would then be for the price to push back up towards the yellow bar around $673, and hopefully exceed that level to move out to fresh all-time highs.

I have added an alert around $589, which is the area where I would expect the stock to pull back to and potentially signal a change in the candle.

If that happens, I would then expect it to push towards all-time highs.

Entry trigger:

The usual entry trigger is one of two things:

1. Three clean closes above the last breakout of the pink box.

2. A breakout of the pink box, followed by a pullback to touch the top of the box, and then a move higher.

For Deere specifically, the recent move has been quite rapid, so it may be necessary to drop down to the 1-hour timeframe to get a cleaner entry.

The ideal setup would be a pullback towards the $589 area, followed by a grey-to-blue candle change, and then a move back higher towards the previous high around $673.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle, having just been grey the month before

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop loss as new 4-hour swing lows form and the stock continues to move higher.

When do I add to the position?

The best way to add to the position is on a pullback from a yellow-to-blue candle or a grey-to-blue candle, as price starts to move back up and attempts to break out again.

Potential target range:

$726

Activated price targets:

1

Am I in this trade?

No

Current R multiple:

0R

Date: 25 June 2026

Sector: Distribution Services / Medical Distributors

Exchange: New York Stock Exchange

TradingView link: 1M candles & 4H candles:

Opening/macro/sector context

I have marked this stock out as an interesting story.

Obviously, the fact that Cardinal Health is moving out to all-time highs is interesting in itself, but what also stands out is the chart pattern forming on the monthly timeframe.

One thing I noted about this particular stock is that, given the space it is in, you might have expected it to reach all-time highs during the pandemic. It would have been reasonable to assume that this stock might have attracted more attention at that time.

But in fact, during that period, Cardinal Health seemed to just move sideways.

Meanwhile, other medical-related stocks, such as Moderna, were moving out to all-time highs.

Now the reverse is true.

Cardinal Health is heading out to all-time highs, while Moderna is still attempting to claw back some of the momentum it had during the pandemic.

Generally speaking, Moderna has not lived up to the price momentum we saw during that period.

That makes Cardinal Health interesting because it is now showing strength at a time when some of the more obvious pandemic winners are not.

Long-term structure

Cardinal Health has been around for a very long time.

We have to go all the way back to 1 September 1983, when the stock first floated at less than $1.

Had you been brave enough to hold it all that time, you would now be looking at a mighty return of around 15,000%.

The long-term structure of the stock can be marked out by three distinct bullish phases.

The first bullish phase lasted until the stock entered the first pink box, after which it moved sideways.

After that, Cardinal Health broke out again, entered another bullish phase, and then moved sideways once more.

That second sideways period then formed a U-shaped return to the top of the pink box.

After that, there has not really been much opportunity or much need to draw further boxes.

During this time, the stock has been moving up, and to the right.

What really interests me in this stock is marked out by the three pink curved lines.

Every time Cardinal Health has had a pullback on the monthly timeframe lasting around three or four bars and then produced the next blue candle, it has gone on to deliver a strong bullish impulse higher.

That can be seen clearly through each of the pink curved lines I have marked on the chart.

This stock has now just completed another bottoming pattern on the monthly timeframe.

This month, we have seen a very large bullish impulse, taking out and engulfing several previous candles.

That is very strong price action and a very bullish engulfing bar on the monthly timeframe.

Lower timeframe / recent structure

Dropping down to the 4-hour timeframe, we can see that Cardinal Health gapped open on 30 October 2025.

After that, I could probably have drawn a pink box around all of this price action following the breakout.

The reason I did not do that is that it would have made the chart look confusing, especially with the pink curve already marking out the rounding pattern.

But if we imagine that pink box is there, we can see that Cardinal Health has now just popped above the top of that box, around $234.

That gives us an opportunity to see whether this stock has the potential and momentum to continue moving out to all-time highs.

Looking at the evidence already mentioned in this analysis, it looks more likely than not, on the balance of probabilities, that the stock has the strength to continue higher.

Entry trigger:

Usual entry trigger is one of two things:

1. Three clean closes above the last breakout of the pink box.

2. A breakout of the pink box, followed by a pullback to touch the top of the box, and then a move higher.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

When do I add to the position?

The best way to add to the position is on a pullback from a yellow to blue candle, or from a grey to blue candle, as price starts to move back up and attempts to break out again.

Potential target range:

$238 – $411

Activated price targets:

2

Am I in this trade?

Yes

Current R multiple:

-0.05R

Date:24 June 2026

Sector:Health Technology / Biotechnology

Exchange: NASDAQ

TradingView link: 1M candles & 4H candles:

Opening/macro/sector context

Revolution Medicines, Inc. is a clinical-stage precision oncology company that is developing targeted therapies - Trading View

In simple terms, this is a company working on targeted treatments to help people live longer with certain types of cancer.

So this is very much a biotech and oncology story, rather than a wider macro or industrial theme.

Long-term structure

The stock initially floated at around $29 back in February 2020.

After floating, Revolution Medicines moved sideways for a long period, all the way through to November 2025.

During that period, the stock traded between roughly $62 on the top side and $13 on the lower side.

After that, the stock finally moved out of the pink box.

Once it broke out, it moved higher in a fairly steady fashion before then shooting up to a peak around $124.

After that strong move, the stock came back down and formed an island, which I have marked out with the second pink box.

It then jumped higher again and formed a second island.

Lower timeframe / recent structure

This is where the structure becomes particularly interesting.

The last two pink boxes show the two islands in a little more detail, better seen on the 4H chart.

To see two island-type structures form like this is pretty rare.

Of course, this could have been caused by a news-related event, especially given the nature of biotech stocks.

The first island was marked out between 20 January 2026 and 13 April 2026.

During that period, the stock continued to bounce around those levels, but importantly, it held structure.

Whatever triggered the price drop, there was only so far sellers could push it before buyers stepped back in.

The key floor was around $90.46.

After that, Revolution Medicines punched higher and formed a second island.

This higher island was technically a higher high because the price had moved above the stock's previous all-time high.

Again, we have seen a pattern similar to that of the previous island.

The stock moved higher, gapped up, and then started consolidating at a higher level.

The current island has traded between roughly $126.79 and $169.51.

At the moment, it appears that Revolution Medicines may be preparing to continue moving out to fresh all-time highs.

As of yesterday, the stock has already formed one close outside of the pink box.

Entry trigger:

Usual entry trigger is one of two things:

1. Three clean closes above the last breakout of the pink box.

2. A breakout of the pink box, followed by a pullback to touch the top of the box, and then a move higher.

For RVMD specifically, we currently have one close to the outside of the pink box.

Ideally, I would want to see further confirmation that the price can remain above the box before treating this as a confirmed breakout.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss as new 4-hour swing lows form and the stock continues to move higher.

When do I add to the position?

The best way to add to the position is on a pullback from a yellow-to-blue candle or a grey-to-blue candle, as price starts to move back up and attempts to break out again.

Potential target range:

$172 – $194

Activated price targets:

3

Am I in this trade?

No

Current R multiple:

0R

Old school tech goes out to new all-time highs.

Date: 23 June 2026

Sector: Electronic Technology / Telecommunications Equipment

Exchange: NASDAQ

TradingView link:

Opening/macro/sector context

Cisco is one of those old darlings of the first tech boom in the late 1990s and early 2000s, and now it looks like it has come back into fashion.

Just like with all markets, Cisco is a good reminder that these things come in waves.

When the wave does come in, it can come in pretty hard once capital rotates back into a sector.

Although Cisco is not necessarily a direct AI stock, I am sure it has some AI offerings and exposure.

For me, though, this is more of a network play.

It is more about the build-out of data centres and the connectivity between all the equipment required to host these services in the cloud.

So, rather than being the obvious AI front-end name, Cisco sits more in the infrastructure and networking layer that supports the wider technology build-out.

Long-term structure

Looking at the price ramp-up on the 3-month chart, Cisco first floated at around $0.07 in January 1990.

So this is a case of what can only be described as a micro stock becoming one of the great American technology behemoths.

Had you held from the float until today, you would be looking at roughly a 14,000% return.

I doubt there are many people who actually did that, especially given what happened in the early 2000s.

Cisco topped out around $82, and after that, the stock entered a very long period of consolidation.

It now looks as though Cisco may get the chance to live through two major tech booms.

This time, the additional tailwinds are reshoring, bringing data centre infrastructure and technology capabilities onshore, the promotion and subsidising of American champions, and a move away from reliance on foreign adversaries that may not have our best interests at heart.

On the longer-term structure, I have marked out a couple of key lines and areas.

The previous all-time high peak around $82.90 is marked out with the yellow line.

We can see that Cisco has punched through that level this quarter.

I have also marked out two pink boxes, which show large periods of consolidation in the stock.

The first one came after the original tech bubble blow-off.

That makes sense, because Cisco ramped all the way up towards $80 and then moved sideways for years, right up until July 2013.

The second pink box marked another long sideways period, and that finally ended in October 2025.

That breakout has now allowed Cisco to move back towards fresh all-time highs.

Lower timeframe / recent structure

Looking at the lower timeframe and recent structure, the setup becomes particularly interesting.

Drilling down to the 4-hour chart, Cisco has just turned blue again.

What particularly attracts me to this stock is that the gap below $113 appears to be holding.

Cisco has now been trading above that gap for approximately five weeks.

The new support level now seems to have moved below the yellow candles around $117.

So, we may be seeing a higher support level starting to form.

It is not perfect by any stretch.

There has been some structural damage on the 4-hour timeframe, so the setup is not as clean as some others.

What I really want to see now is a move above $125, which I have marked out on the chart.

A break above that level would confirm to me that Cisco is likely moving up towards $130 and then potentially out to fresh all-time highs.

Entry trigger:

Usual entry trigger is one of two things:

1. Three clean closes above the last breakout of the pink box.

2. A breakout of the pink box, followed by a pullback to touch the top of the box, and then a move higher.

For Cisco specifically, I want to see the price break above $125.

That would give more confidence that the stock is moving towards $130 and potentially into fresh all-time highs.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle, having just turned blue from grey

When should I tighten the stop-loss?

Tighten the stop-loss as new 4-hour swing lows form and the stock continues to move higher.

When do I add to the position?

The best way to add to the position is on a pullback from a yellow-to-blue candle or a grey-to-blue candle, as price starts to move back up and attempts to break out again.

Potential target range:

The activated price target is currently pointing lower, with potential for an 11% correction.

So at this stage, the upside target is less clear, and the trade needs confirmation through a clean move above $125.

Activated price targets:

1

Am I in this trade?

No

Current R multiple:

0R

Reminders

Cisco is an old-school tech name that appears to be coming back into favour.

The gap below $113 is holding, and support appears to have moved higher towards $117.

The key level to watch now is $125.

A clean break above $125 would suggest a move towards $130 and potentially fresh all-time highs.

However, the activated price target is currently showing downside risk, so wait for confirmation before taking the trade.

Date: 22 June 2026

Sector: Producer Manufacturing / Industrial Machinery / OEM Components

Exchange: New York Stock Exchange

TradingView link: 1M Candle, 1W Candle, & 1D candles:

Opening/macro/sector context

Cummins is an OEM manufacturer that provides a wide array of products used in industrial machinery and commercial applications.

Its drive products include axles, drivelines, brakes, suspension systems, commercial and diesel applications, turbochargers, fuel systems, valve train technologies, filtration products, automated transmissions and electronics.

So this is a company operating across many segments and involved in various stages of industrial production.

That makes Cummins a very diversified industrial company, serving a wide range of customers, sectors and end markets.

Looking at the company profile, Cummins operates across approximately 190 countries and territories and works through around 600 company-owned and independent distributors.

It also has a presence here in the UK, with a number of large sites across London, Slough, the Midlands, Bradford, the North West, and just outside Glasgow.

So this is not a narrow one-theme stock.

It spans multiple industrial supply chains and provides exposure to the broader industrial economy.

Long-term structure

Looking at the stock's monthly performance, Cummins has a long history dating back to February 1968, when it first floated.

After that, in all honesty, we saw a long period of sideways action, which I have marked with the first pink box.

Since then, the stock has moved up in a steady escalator fashion.

There are probably a number of boxes I could have drawn along the way, but I have focused on one historical box from the early part of the chart and the 3 most recent ones, which are most relevant to the current setup.

I have also marked out two circles on the monthly chart, which indicate breaks in structure.

On both occasions, those structural breaks did not last for prolonged periods.

They were generally quite short-lived, especially the one back in 2020.

Suggesting a company with strong fundamentals that investors are willing to buy when it is at a discount.

The pandemic structure briefly broke structure, but it did not even close below the previous grouping of yellow candles.

After that, the price pushed on to new highs relatively quickly, entered another period of consolidation, moved out to all-time highs again, and then entered another period of consolidation.

That is exactly what we would expect from a strong long-term trend.

It is the classic staircase pattern of higher highs, higher lows, and periods of consolidation before the next move higher.

If we look at the most recent pink box on the monthly timeframe, once Cummins broke out from around $391, the stock has not printed a single yellow monthly candle.

It has continued to push higher, forming a very bullish higher-timeframe bias.

Lower timeframe / recent structure

Dropping down to the daily timeframe, the most recent pink box gives us a clearer view of the breakout.

After Cummins pushed up, it came back to touch the top of that pink box around the $393 level several times.

There were three touches on the daily timeframe at the top of that box before the stock eventually pushed higher.

After that, the structure has not always been perfectly tidy.

There have been several structural breaks along the way.

However, there have also been some very bullish gap-and-go moves, namely on 6 November and 8 April.

Importantly, neither of those gaps was filled.

Instead, the stock continued to move higher, which is a very bullish sign.

Looking at the most recent cluster of candles around all-time highs, we can see that Cummins has just broken out and closed at a fresh all-time high.

Not only that, but the price had already tested this level several times back in May around the $717 area.

Each time, sellers stepped in and kept the price capped at that level.

Eventually, Cummins broke through support and entered a period of consolidation between roughly $630 and $716, which I have marked with the most recent pink box.

The latest move shows the price breaking out of that consolidation and moving into fresh highs.

Entry trigger:

1. Three clean closes above the last breakout of the pink box.

2. A breakout of the pink box, followed by a pullback to touch the top of the box, and then a move higher.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle, having just been grey

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss as new 4-hour swing lows form and the stock continues to move higher.

When do I add to the position?

The best way to add to the position is on a pullback from a yellow-to-blue candle or a grey-to-blue candle, as price starts to move back up and attempts to break out again.

Potential target range:

$779 – $891

Activated price targets:

2

Am I in this trade?

Yes

Current R multiple:

+0.02R

Date: 19 June 2026

Sector: Producer Manufacturing / Trucks / Construction / Farm Machinery

Exchange: New York Stock Exchange

TradingView link:

1M candles & 1D candles:

Opening/macro/sector context

Caterpillar is often viewed as a leading bellwether for the state of the economy, and perhaps even the global economy.

As economies grow and companies and countries continue to industrialise, that industrialisation partly takes the form of new buildings, infrastructure and machinery.

It requires trucks to transport goods, construction vehicles to build new properties, and farm machinery to feed the planet's ever-growing population.

So Caterpillar covers a number of sectors and themes.

Importantly, one of the current themes in which Caterpillar should have exposure is the data centre build-out.

That build-out will require many of the same elements just mentioned: infrastructure, construction, transport, equipment and machinery.

Long-term structure

Looking at the longer-term structure of the stock, Caterpillar’s performance can only really be described as like a rocket ship.

Once the price broke above the $410 level in September 2025, the move that followed was extremely strong.

In less than a year, by June 2026, the stock has effectively doubled from that breakout level and is now moving toward further all-time highs.

Looking further back on the monthly perspective, we can see a nice, steady increase over time.

There have been a couple of earlier pink boxes during which the stock consolidated and moved sideways.

However, each of those consolidation phases eventually resolved higher, and the broader long-term structure remains very strong.

Also interesting is that there have been three previous occasions when the monthly structure was broken.

However, every time that happened, the market brought the stock back, repaired the structure, and then pushed it on to fresh all-time highs.

I have marked out those four occasions with circles on the chart.

That tells us a couple of things.

First, when the economy recovers, Caterpillar is one of the places where investors seem to look for recovery in the share price.

Second, it suggests that the underlying company is sufficiently strong that investors are willing to pick it up at a discount when the stock pulls back.

The fourth and most recent structure break is also worth noting.

On that monthly candle, there was a very long wick, showing that buyers stepped back in.

The following month, the stock moved to a grey candle.

After that, it moved to a blue candle, broke structure again, and has never really looked back since.

Lower timeframe / recent structure

Moving down to the lower timeframe, the recent structure is quite unusual.

The last four daily candles stand out because I don't often see this.

For three consecutive sessions, Caterpillar printed candles with very small bodies and very long upper wicks.

Each time the price tried to push higher, sellers stepped in and sold into the move.

On the face of it, those candles could be interpreted as a warning sign, because they resemble hanging man candles: long upper wicks, very small real bodies, and very small lower wicks.

However, what makes this more interesting is that on each of the first three occasions, the price level rose each day.

So even though sellers were clearly trying to cap the move, they were not able to properly push the market back down.

It looks as though sellers were trying their best to keep the price capped below $950.

But ultimately, the market opened higher each day, and the sellers’ attempts to push the price lower and close it below the previous day’s close did not really succeed.

To see three candles like this one after another is not something I have usually come across on the daily time frame; even one can mark a pause/pullback in a bull market, and here we had three that closed higher on each occasion.

The fourth candle is then important because it effectively negated the previous three hanging man-style candles.

That suggests to me that buyers are ultimately still in control here.

Entry trigger:

Caterpillar has now had two closes above the pink box.

It looks like the opportunity to come back and get the box touch has probably gone, because the market is moving away quite aggressively.

So now I would want one more close above the pink box to confirm that this trend is genuinely holding and that price is not likely to fall back into the box.

After that, the preferred entry would be a clean pullback on the 4-hour timeframe.

However, if the market continues to move quickly, we may not get the kind of 4-hour pullback we would ideally want.

In that case, it may be necessary to drop down to the 1-hour timeframe to find a cleaner entry.

As of the close last night, 18 June, Caterpillar is currently grey on the 1-hour timeframe, so that may offer the next possible setup if it turns back to blue.

Initial stop loss:

Last 4-hour swing low, or last 1-hour swing low depending on which timeframe gives the entry.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop loss as new 4-hour or 1-hour swing lows form, depending on the timeframe used for the entry.

When do I add to the position?

The best way to add to the position is on a pullback from a yellow-to-blue candle or a grey-to-blue candle, as price starts to move back up and attempts to break out again.

Potential target range:

$1,110

That represents roughly 12% upside from the current level.

Activated price targets:

1

Am I in this trade?

No

Current R multiple:

0R

Create a subtitle for me: British chipmaker going out to all-time highs on the NASDAQ.

Date: 18 June 2026

Sector: Electronic Technology / Semiconductors

Exchange: NASDAQ

TradingView link: 1W candles & 4H candles:

Opening/macro/sector context

I recently attended a hardware conference where we discussed the many semiconductor technologies developed in the UK.

The downside is our inability to properly capitalise on the intellectual property that many great British companies/Universites create.

A lot of companies like ARM end up heading to the deeper, better-capitalised US dollar markets on US exchanges when they float.

This creates a flywheel effect.

More and more technology companies are going to better-capitalised US markets, leaving a dearth of technology stocks for investors in the UK, Europe, and the rest of the world.

Lucky for the Americans, this creates a virtuous circle.

The money keeps coming in, stocks keep going higher, and as a result, valuations go higher too.

That, in turn, encourages more technology companies from around the world to look to the US when they want to float.

ARM is a perfect example of that dynamic in play, a company that should have been on the FTSE100, but instead it went to the US exchanges.

Long-term structure

ARM is a relatively recently floated company, having listed in September 2023.

So this is really a post-pandemic stock, so to speak.

When ARM floated, the starting price was around $56.

At the close on 17 June 2026, the stock closed around $413.

On a percentage basis, had you held from the float until now, you would be looking at roughly a 610% increase.

After listing, ARM spent a long period capped by the top of the pink box.

The top of that pink box was around $189, while the bottom was around $46.16.

ARM stayed within this range from the time it floated right up until April 2026.

So this is a relatively recent breakout.

We are now in only the second full month outside of that pink box.

Lower timeframe / recent structure

Looking at the lower timeframe, the setup becomes very interesting.

When ARM first punched out of the larger pink box, price came right back to test the top of the box.

After that, the stock slowly ground higher, forming a series of higher highs and higher lows while just about maintaining structure on the 4-hour timeframe.

Then ARM broke out again.

You could argue that this was a smaller box, which I have also marked out on the chart.

When the price moved out of that smaller pink box on 20 May, it accelerated rapidly higher.

Along the way, ARM even created a couple of gaps.

The stock then topped out around $428.

As with all strong moves to the upside, the move eventually has to consolidate in one of two ways: through price or through time.

In this case, the correction came through price.

ARM produced a classic 50% pullback of that move before turning back up and attacking the all-time high area around $430.

At the close on 17 June, the stock settled around $418.

On this one, I wish I had been able to get in on that first blue candle, but that opportunity has now been missed.

So the plan now is to wait for the market to give another opportunity.

Ideally, I am looking for a pullback, a grey candle on the 4H and then a move back to a blue candle to take the next leg higher.

Entry trigger:

The preferred entry trigger is a pullback on the 4-hour timeframe, followed by a move from grey back to blue.

However, if that entry has been missed and the market does not give a clean 4-hour pullback, the 1-hour timeframe may be worth watching.

ARM is currently on a grey candle on the 1-hour timeframe, which could provide an alternative entry if the market runs away without offering a better pullback.

Initial stop loss:

The stop-loss will need to be set once the trade is entered.

It should be based on either the 1-hour or 4-hour swing low, depending on which timeframe provides the actual entry.

Multi-timeframe correlation:

3M: Grey candle, probably due to lack of data because we only have around a dozen bars

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss as new 1-hour or 4-hour swing lows form, depending on the timeframe used for the trade.

When do I add to the position?

Add to the position as ARM gives decent pullbacks, provided the wider structure remains intact and the stock continues to move higher.

Potential target range:

$657

This is a substantial target, representing roughly a 57% increase over the current level.

Activated price targets:

1 activated daily target

Am I in this trade?

No

Current R multiple:

0R

Date: 17 June 2026

Sector: Producer Manufacturing / Industrial Machinery

Exchange: NASDAQ

TradingView link:

3M candles & 1W candles

Opening/macro/sector context

Pulling up the brief we have in TradingView, it states that Woodward Incorporated designs and manufactures control solutions for the aerospace and industrial markets.

So we have here the possibility of a stock that is a play on the ever-globalising world and the long-term demand for travel.

There are still billions of potential customers outside the West who are waiting for their first experience of seeing the wider world. Companies like Woodward may therefore be a play on the global travel trend without getting so heavily involved in airlines themselves.

Airlines are a hyper-competitive space with massive capital requirements and have long been known to chew up investors and take their money.

Woodward could potentially be a safer way to gain exposure to that same aerospace and travel theme.

One final point worth adding is that this stock has been slightly under the radar, sitting below its all-time highs for the last couple of months.

However, it did come up on my all-time high screen yesterday.It also provides some diversification away from the AI theme. There is a whole economy out there which we must not forget about :-)

Long-term structure

Looking at the long-term structure on the 3-month chart, Woodward has, for the most part, moved from the bottom left to the top right.

There have been some yellow candles along the way, but none were deep enough to cause a meaningful break in structure.

The one clear break in structure came back in 2020.

That is understandable, given that Woodward’s main customers were massively affected by the pandemic and the inability to travel.

That naturally led to a sideways period that lasted from January 2020 through April 2024.

After that, normal business resumed, and the stock moved back up and to the right.

In fact, since April 2023, and remembering that these are 3-month candles, Woodward has not had a single yellow candle along the way.

That is a very bullish trend.

Lower timeframe / recent structure

Dropping down to the weekly timeframe, we can see that Woodward has been in sideways action for the last four months.

During that period, the stock consolidated within a fairly tight range between roughly $342 on the downside and $403 on the upside.

As of yesterday’s close, Woodward has now had its first close above the pink box, closing at $421.

At this stage, I am looking for one of two things.

The first would be three clean closes above the top of the box.

The second would be a move higher, followed by a pullback down to test the top of the pink box around $401, with that level then acting as support.

If either of those conditions plays out, the stock could continue higher.

Entry trigger:

Three clean closes above the top of the pink box.

OR

A move higher, followed by a pullback to test the top of the pink box around $401, with previous resistance becoming support.

Initial stop loss:

The initial stop-loss could be quite large, near the bottom of the pink box, where we have the last effective swing low.

However, on opening the trade, this may need to be reconsidered depending on the 4-hour structure and whether a tighter swing-low stop becomes available.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle, having just been grey

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop loss at every new swing low as the stock continues to move higher.

When do I add to the position?

Add to the position whenever there is confirmation of a higher move and the structure remains intact.

Potential target range:

$468 – $589

Activated price targets:

2

Am I in this trade?

No

Current R multiple:

0R

Date: 16 June 2026

Sector: Retail Trade / Internet Retail

Exchange: NASDAQ

TradingView link: 1M candles & 4H candles

Opening/macro/sector context

eBay is, to be honest, quite an unusual stock to be going out to all-time highs.

Compared to other retailers such as Amazon, which competed with eBay in the early 2000s, or to Vinted today, eBay feels like the granddad of selling things online.

It does not have the same leaner, meaner feel as some of the newer online resale platforms.

Nonetheless, price action speaks volumes, and this chart pattern is very positive.

eBay is also a slightly unusual technology play because there is no obvious overlap with AI, which provides some diversification away from this theme.

With Amazon, of course, you have Amazon Web Services, and while its online retail offering is where the company started, AWS gives it a clear technology infrastructure angle.

eBay does not have an equivalent of AWS attached to the business, at least not that I know of.

So this is more of an out-and-out internet retail play.

Long-term structure

Looking at the long-term monthly chart, I would broadly describe eBay as having three major trends, marked out by the three pink boxes and the periods in between them.

The stock initially floated around $0.70.

After listing, it rallied, consolidated, and then rallied again up to the top of the first pink box around $24.

It then fell all the way back to around $4.22 before completing a U-shaped pattern back towards the $23 area.

After that, it stayed near that level for a considerable period of time, only briefly peeking above it on one occasion.

Eventually, eBay moved significantly above that level, came back to test it, and then sat on that line once again.

It was only after the final bullish monthly candle, which occurred around 6 July 2016, that the stock really broke out.

From there, we saw another breakout, followed by a series of higher highs and higher lows.

At one stage, the price came back to test support, which I have outlined with a circle, but it did not break structure.

The stock then continued to form a series of higher highs and higher lows before reaching the top of the second pink box around $81.

From there, the price moved back down towards $35 and completed a near-perfect U-shaped recovery.

It then lept up in July 2025.

After that, eBay moved sideways again into the third pink box, where it remained until the most recent breakout. That breakout occurred in April 2026.

Lower timeframe / recent structure

Zooming down to the daily timeframe, the setup becomes interesting.

There is a nice rounding pattern at the bottom, marked out by the pink curve.

On the daily chart, eBay has just printed its first blue candle, and the hope is that it closes with it intact.

The stock has formed a nice series of higher highs and higher lows.

I am looking for that pattern to repeat, with price moving from around $110 back towards the all-time high near $119, and then hopefully continuing higher from there.

As of writing, the entry trigger has technically been met.

However, I still want to see the daily candle hold and close blue before taking the trade at the end of the trading session on June 15th (update: it did not close on a daily blue candle)

Entry trigger:

The entry trigger has been met, but I need the daily candle to hold and close blue.

If it does, I would look to take the trade at the end of the trading day.

Initial stop loss:

The initial stop-loss will be around $105, where the stock has support, and we formed the bottom of the rounding pattern.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Grey candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss at each higher wave as the structure continues to develop.

When do I add to the position?

Add to the position every time we get another wave higher, ideally after a higher low forms and the structure remains intact.

Potential target range:

Initial target: $119 all-time high area

Activated price targets:

0

Am I in this trade?

No

Current R multiple:

0R

Date: 15 June 2026

Sector: Retail Trade / Apparel / Footwear Retail

Exchange: New York Stock Exchange

TradingView link: 1M candles / 1W candles & 4H candles

Opening/macro/sector context

TJX, known as TK Maxx in the UK, is a discount retailer that has proven very popular.

Clearly, somebody must be shopping there, because the stock is pushing up to all-time highs.

The business model is fairly straightforward. Retailers can sell products in bulk to TK Maxx that may be end-of-line, slow-selling, or last season’s stock.

TJX can then pass that discount on to the consumer.

In a tighter economy, there is an argument that customers may look to trade down while still continuing to shop and buy new clothes.

As traders, we also need to remember that many portfolio managers have mandates to remain invested. They cannot sit in cash for too long.

That means when capital rotates, it gives traders an opportunity to jump on the coattails of larger institutions and ride that appreciation in stock price along with them.

Long-term structure

TJX first floated back in 1968 at around $0.15.

If you had managed to hold your shares until now, the stock would be trading around $168.41.

That is an extraordinarily long-term compounding story when observed from the monthly time frame.

Starting with the longer-term structure, on the monthly chart, we can see that back in November 2022, TJX broke above $78.

Since then, in all honesty, the stock has not really looked back.

It has made a nice series of higher highs and higher lows, moving at roughly a 45-degree angle towards the top right.

In terms of price appreciation and technical structure, we have seen a steady flow of higher highs and higher lows.

There was a small period of congestion, which I have marked out with the pink box on the monthly chart.

Over the last three months, the stock has had a healthy pullback.

The most recent monthly candle now shows an engulfing pattern, taking out the previous three candles - a very bullish signal.

If we drop down to the weekly chart, still within the long-term structure section, we can see that the last two weekly candles have been blue.

The first blue weekly candle was also a bullish engulfing candle that took out the previous weekly candle, too.

That provides further weight to the thesis that this is a strong upward move and may have the legs to continue higher.

Lower timeframe / recent structure

On the 4-hour chart, TJX has recently broken out of its most recent pink box.

During that consolidation phase, the price traded between roughly $168.42 on the upside and $143.34 on the downside.

On 10 June, the stock broke out above the top of that box and has continued to move higher since.

On the daily timeframe, we can now see three closes above the breakout level.

That is important because it meets my criteria for reducing the likelihood that the price will simply fall back into the box.

It suggests the breakout is more likely genuine and that TJX has the potential to continue higher from here. Nex blue candle

Entry trigger:

The entry trigger will be the next grey-to-blue candle.

Initial stop loss:

The initial stop loss will be at the last swing low, around $159.

Multi-timeframe correlation:

1M: Blue candle, having just been grey

1W: Blue candle

1D: Blue candle

4H: Grey candle, looking to take the next blue long

When should I tighten the stop-loss?

Tighten the stop-loss as new swing lows form and the structure continues to move higher.

When do I add to the position?

Add to the position each time TJX pulls back and then changes from grey to blue again.

Potential target range:

$177 – $184

Activated price targets:

2

Am I in this trade?

No

Current R multiple:

0R

Monster breaks to fresh highs after decades of compounding.

Date: 11 May 2026 & 11th June 2026

Sector:

Consumer Non-Durables / Beverages – Non-Alcoholic

Exchange:

NASDAQ

TradingView link:

11 May 2026 - 11th June 2026

Opening/macro/sector context

I must be honest: I’ve never actually had this drink before in my life, but clearly somebody must be, because you simply would not see this sort of long-term price action without sustained consumer demand.

What also surprised me was just how long this stock has been listed.

I had assumed it was a relatively recent company, but in fact, it first floated back in October 1985 at around $0.06 per share.

As of the close on Friday just gone, the stock was sitting around $86.29, which is a pretty extraordinary long-term move.

Long-term structure

For a very long time, the stock was effectively stuck in sideways action.

Looking at a monthly bar chart from the IPO through to June 2004, the price traded within a broad range, roughly $0.0062 to $0.1781.

At its lows, the stock had fallen to fractions of a cent.

Once Monster eventually broke out of that initial pink box, the move higher was dramatic.

On the monthly candles, we can clearly see the acceleration from the top of the first box, around $0.1781, up towards $4.15.

After that, the stock entered another digestion phase between May 2006 and May 2011, during which the price traded sideways between roughly $1.75 and $5.70.

In fact, on the long-term chart, there have been four distinct consolidation phases, marked by the pink boxes, each followed by a breakout and continuation move higher.

Most recently, Monster exited the fourth major consolidation range in September 2025.

There was an initial failed breakout attempt in May 2025, when price briefly broke above the range only to fall back into it.

However, the second breakout attempt was decisively held, and price then pushed towards fresh all-time highs around $86.48.

Following that move, the stock experienced a fairly sharp correction.

Importantly, the monthly blue candle actually turned grey for both March and April 2026.

Now, for May 2026, we have just been given a fresh blue monthly candle again, although it remains to be seen whether that will hold into month-end.

Lower timeframe / recent structure

Zooming down to the lower timeframes, one thing that concerns me slightly is that on Friday, the stock gapped higher, reaching a fresh all-time high.

The concern here is that this could become a failed breakout, with price falling back into the most recent congestion zone to close that gap.

Because of that, I want to see two additional strong daily closes above Friday’s closing level before becoming confident that this move is genuine and capable of continuing higher.

Update - 11th June 2026

The gap-and-go move from Friday 8 May has continued to hold for over a month.

Since then, Monster has continued to move upwards, albeit slowly and steadily, forming a series of higher highs and higher lows.

After 29 May, the stock remained around all-time highs and continued to grind higher, although the daily candles stayed grey for a period.

Now, the price has pushed to a brand-new all-time high and printed a fresh blue daily candle.

This is notable because Monster was one of the few stocks that continued to move higher yesterday, while the wider market has generally been under pressure and trending lower over the last few days.

That is definitely positive price action, especially given the more negative tone across the broader market.

For me, the breakout is now confirmed.

First, the gap has been higher for more than a month.

Second, the stock has just turned blue again on the daily timeframe.

Third, there is now a clear area where the market has pulled back towards the bottom of the blue line, which can serve as a potential entry zone.

That also gives a comfortable 2:1 risk-reward setup, it's no more

Also, Monster has gone blue on the daily as the market has been pulling back, so the divergence is worth noting.

Entry trigger:

Two strong daily closes above Friday’s all-time high close.

Initial stop loss:

Previous 4H swing low around $70.90.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten to the last 4H swing low as the stock continues to move higher.

When do I add to the position?

Add only after the breakout proves itself with further strong daily closes and a clean 4H structure.

Potential target range:

None currently identified on the daily timeframe.

Activated price targets:

None

Am I in this trade?

No

Current R multiple:

0R

Reminders

Watch carefully for a failed breakout.

The gap higher into fresh all-time highs needs confirmation.

Wait for two additional strong daily closes above Friday’s closing level before becoming confident that the breakout is genuine.

Date: 10 June 2026

Sector: Communication / Wireless Telecommunications

Exchange: NASDAQ

TradingView link: 1M candles & 1D candles

Opening/macro/sector context

With providers like T-Mobile, you have all the costs of being a technology or telecommunications company. They still need to keep up with competitors, roll out 5G, buy bandwidth, maintain infrastructure, and ensure nationwide coverage, even in sparsely populated areas.

But in all honesty, they do not have much of the upside in terms of growth.

Most people already have a mobile phone, and there is only so much extra growth; mobile phone companies now feel like utilities.

That is one of the key issues here.

T-Mobile has the cost base and investment needs of a technology infrastructure business, but without the explosive upside investors are currently chasing elsewhere in the market.

In some respects, this is now reflected in the share price, with T-Mobile beginning to structurally break down.

Long-term structure

This is best seen on the monthly chart.

From an investor's perspective, T-Mobile floated around $51.

After the listing, the stock fell to $10.79 in April 2007.

After that, it began the orderly rise mentioned earlier, eventually reaching a peak of $275.60 in March 2025.

So, had you been an investor from the beginning, yes, you would have suffered through the initial drop down towards the $10 area.

But after that, you would have been handsomely rewarded in what can only be described as a textbook case of higher highs and lower lows.

For a long time, T-Mobile had a very clean trend structure, marked out by the pink line.

There were no obvious pink boxes to draw because the stock was not spending long periods moving sideways.

Instead, every yellow dip acted as a structurally higher low.

During that whole move, I only note one structural break, which I have highlighted with a circle.

The stock continued to form higher lows and push higher, eventually reaching around $275.60 in March 2025.

After that, the character of the move began to change.

The candles turned grey, then yellow, and the stock began breaking support.

That breakdown makes sense when viewed alongside the wider market dynamics.

From an investor’s perspective, they may now be holding something that is no longer growing as the market wants.

So capital has started rotating away from stocks like T-Mobile and into sectors with stronger growth profiles.

In a market where investors can find companies with genuine growth potential and the ability to compound at much higher rates, a slower-growth telecom name may no longer be the flavour of the day.

Lower timeframe / recent structure

Looking at the more recent structure on the daily chart, I have marked two blue arrows indicating a strong primary downward trend.

At the very top, there was a small period of indecision.

That area of congestion appears to have resolved to the downside.

Once T-Mobile broke below the bottom of the pink box, it continued to make a series of lower highs and lower lows.

There was a short pullback, but the market was unable to hold or build any meaningful momentum.

After that, the stock started another downward march, marked out by the second arrow.

All along the way, the yellow line I have drawn shows the monthly end target.

From the last pullback in the prior upcycle, it looks as though the stock is being drawn down towards that level.

If the trends in other sectors, especially microchips and other stronger growth areas, remain as they are, stocks with these more defensive characteristics are likely to remain out of favour.

Investors may continue to sell these stocks and shift capital into areas that are actually moving.

That makes me less optimistic about T-Mobile here.

It now looks increasingly likely that the stock could continue lower, moving towards the monthly end target of around $125.05.

Entry trigger:

On the 4-hour timeframe, the stock is currently grey.

I would be looking for the next yellow candle as the entry trigger to go short.

Initial stop loss:

Previous 4-hour swing high around $187.87.

Multi-timeframe correlation:

3M: Yellow candle, having just turned from grey

1M: Yellow candle

1W: Yellow candle

1D: Yellow candle

4H: Grey candle

When should I tighten the stop-loss?

Tighten the stop-loss as the stock forms new lower highs and the downtrend continues to develop.

When do I add to the position?

Add to the position as the structure continues to hold, and the stock forms a series of lower highs on the 4-hour timeframe.

Potential target range:

Daily downside targets: $155 – $162

Weekly downside targets: $139 – $140

Monthly end target: $125.05

There are several downside targets across different timeframes, which adds weight to the bearish case.

Activated price targets:

Daily: 2 downside targets

4H: Several recent downside targets have already been achieved

Weekly: 2 downside targets

Am I in this trade?

Yes

Current R multiple:

-0.04R

Date: 9 June 2026

Sector: Finance / Multi-Line Insurance

Exchange: New York Stock Exchange

TradingView link: 1M candles & 1D candles

Long-term structure

Unum Group first floated back in 1987 at around $6.58.

At the close on 8 June 2026, the stock was trading around $88.

After the stock first floated, it fell back towards $3.82, but that marked the all-time low in the share price.

After that, the stock began a very orderly advance.

It made a series of higher highs and higher lows, culminating in its highest print during that phase, which came in December 1998.

The top of the first pink box marks the peak at around $62.62.

After that, the stock entered a huge sideways period.

From January 1999 through October 2024, UNM moved sideways between roughly $62 on the upside and $6.11 on the downside.

That is a very long period of base building.

Lower timeframe / recent structure

Dropping down to the daily timeframe, we can see the second pink box.

From December 2024 through to June 2026, the stock continued to move sideways inside this smaller range.

This second box was capped around $84 on the top side and $67 on the downside.

What makes the stock interesting now is that the price has started to break above this second pink box.

So far, UNM has had two clean closes above the box.

I am now waiting for the third clean close to confirm that the trend is likely to continue upwards, rather than falling back into the top-right of the pink box.

After that, the preferred entry would be either a pullback on the 4-hour chart or a retest of the top of the box, where previous resistance becomes support.

Entry trigger:

Three clean closes above the second pink box.

After that, look for either:

A pullback on the 4-hour chart.

OR

A retest of the top of the box, with previous resistance becoming support.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle, having just been grey

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop loss as a clearer structure appears on the 4-hour timeframe.

When do I add to the position?

Add to the position as the stock moves into the next higher wave and turns from grey to blue on the 4-hour timeframe, assuming the structure remains intact.

Potential target range:

$105

Activated price targets:

1

Am I in this trade?

Yes

Current R multiple:

+0.2R

Date: 9 June 2026

Sector: Finance / Rentals / Leasing

Exchange: New York Stock Exchange

TradingView link: 1M candles & 1D candles

Opening/macro/sector context

A couple of key themes I have been thinking about over the last few weeks is the gap between sector price action and the narratives pushed by the media.

For example, transportation stocks have continued to break out to all-time highs, suggesting that goods are still being shipped across the country. Hotels have also been breaking out to all-time highs, alongside the BEDZ ETF, which tracks the hotel sector specifically.

United Rentals is interested in a similar way.

The company provides rental and leasing contracts for capital equipment. So if a company is working on a large project and needs machinery but does not want to lay out all the capital upfront, it can use a company like United Rentals to rent the equipment on a short- or long-term basis.

This could overlap nicely with the AI, data centre and reshoring themes.

If large numbers of data centres, factories, energy projects, and infrastructure projects are being built out, not every company will have all the machinery and equipment it needs already on the balance sheet.

Instead, they may need to rent the equipment needed to get those projects up and running.

That could be one reason why a stock like United Rentals is being re-rated higher.

Long-term structure

United Rentals first floated in 1998 at around $11.

After that, the stock stayed in a long sideways trend, marked out by the first pink box.

During that period, the price was capped at around $48 on the upside and roughly $2 on the downside.

Once URI broke out of that long sideways range, it moved rapidly up to around $114.

However, the stock then stalled again, as marked by the second pink box.

After that, the monthly timeframe shows a much more consistent pattern of higher highs and higher lows.

There has only really been one notable break in structure. Price ripped lower, but importantly, it never closed below the key structural level. I have marked this area with a circle on the chart.

After that false structural break, buyers stepped back in, and URI continued to form higher highs and higher lows.

The stock now appears to be in the up-leg of another higher high.

Lower timeframe / recent structure

On the 4-hour timeframe, we can see a clear U-shaped structure.

URI tried to break through the $1,020 level back on 16 October 2025, but failed.

After that, the stock entered a long sideways period that continued until it finally broke out above that level on Wednesday, 3 June 2026.

That whole area is marked out by the pink box.

In terms of entering this trade, I am quite prepared to enter, but I would ideally like to see a better 4-hour setup first.

The stock has seen very limited consolidation over the last three days.

But we have 3 daily closes above that last breakout level.

A clean 4-hour pullback would be ideal.

Failing that, a retest of the previous resistance around $1,020 would also be useful. If that level now acts as support, it would strengthen the case for entry.

Entry trigger:

A clean 4-hour pullback and turn back up.

OR

A retest of the previous resistance around $1,020, with that level then acting as support.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle, having just been grey

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss each time URI forms a new clear 4-hour swing low while the stock continues to move higher.

When do I add to the position?

Add to the position on a fresh 4-hour pullback, provided structure remains intact and price continues to hold above the breakout area.

Potential target range:

$1,149

Activated price targets:

1

Am I in this trade?

No

Current R multiple:

0R

Date: 8 June 2026

Sector: Transportation / Trucking

Exchange: New York Stock Exchange

TradingView link: 1M candles / 4H candles & IYT ETF

Opening/macro/sector context

KNX is one of several companies in the transportation index breaking out to all-time highs.

Some other big players include ODFL, Ryder, which is already an open position, and JBHT, just to name a few.

This is interesting because, as in the hotel sector, we keep hearing negative sentiment about consumers and the broader economy.

However, transport stocks breaking out to all-time highs suggest there may still be underlying strength in the US economy.

If companies continue to use freight firms to move goods across the country, that suggests business activity may still be holding up better than the headlines suggest.

We can also see capital rotating back into this sector, with several transportation names breaking out simultaneously.

The IYT ETF, the iShares U.S. Transportation ETF, is also confirming this move, as it is breaking out to an all-time high. That adds weight to the idea that this is not just a one-stock breakout, but a wider transportation sector move. It could also provide a more diversified way to play the same theme.

Long-term structure

KNX first floated back in October 1994 at around $1.78 now at $78

Looking at the long-term monthly chart, the largest pink box marks out a major period of sideways action.

During this period, KNX was bouncing between roughly $62 on the top side and $36 on the lower side.

This range lasted from January 2022 through to April 2026

Over the last couple of months, particularly April and May 2026, KNX has broken out of this pink box and continued to move higher.

After such a long period of consolidation, the adage of technical analysis applies: the longer you build the base, the bigger the move into space.

That means there is a chance KNX could continue moving higher for a prolonged period if this breakout holds.

Lower timeframe / recent structure

On the 4-hour timeframe, KNX is currently grey, which may present an opportunity to enter the trade.

The stock has tested the top of the box around the $62 level several times recently.

Going back to February, the price has touched that level around 9 times, both above and below.

Across those tests, the stock was neither able to push decisively back down nor fully break higher at first, so it spent a long period hovering around $62.

The most decisive price action came on 14 May 2026.

On that particular 4-hour candle, KNX broke through the $62 level with momentum and conviction.

Since then, the stock has continued moving higher.

Over the last few bars, the 4-hour timeframe has turned grey.

That sets up the situation: if the structure continues to hold, I would look to take the next blue bar.

Entry trigger:

Take the next blue bar on the 4-hour timeframe, provided structure continues to hold.

Initial stop loss:

Last 4-hour swing low around $69.56.

Multi-timeframe correlation:

3M: Blue

1M: Blue

1W: Blue

1D: Grey candle

4H: Grey candle

When should I tighten the stop-loss?

Tighten the stop loss each time a new clear 4-hour swing low forms as the stock continues to move higher.

When do I add to the position?

Add to the position when a further 4-hour swing low forms and price turns back up.

Potential target range:

$90

Activated price targets:

1

Am I in this trade?

No

Current R multiple:

0R

Date: 8 June 2026

Sector: Consumer Services / Hotels / Resorts / Cruise Lines

Exchange: New York Stock Exchange

TradingView link: 1M candles & 4H candles BEDZ ETF

Opening/macro/sector context

Last week, we saw several hotel groups either at or near all-time highs, including Marriott, Hilton, Hyatt, and InterContinental Hotels Group.

That suggests the consumer remains resilient.

Perhaps more specifically, it suggests that a particular part of the consumer remains resilient: the consumer who is still happy to keep spending, go on holidays, book hotels, and take vacations.

There is also a sector angle here. When multiple stocks in the same industry start approaching all-time highs at the same time, it can suggest that capital is flowing into that area and the sector itself is being re-rated higher. The BEDZ ETF, dedicated to the hotel sector, is also breaking out to an ATH, further confirming this thesis.

This also lines up quite neatly with the upcoming summer holiday period in the northern hemisphere.

Long-term structure

Hilton first floated back in December 2013 at around $45.

From a monthly perspective, the stock has shown very steady and orderly price appreciation.

There have been a couple of instances where the structure has broken, but on each occasion, buyers stepped back in, and the stock returned to a series of higher highs and higher lows.

I have marked out the two areas where the structure broke with yellow circles on the Hilton chart.

In fact, from the monthly perspective, it is quite difficult to find a recent box to place on the chart, which is not something I often say for a stock.

There is a possible box near the beginning of the chart, when the stock first moved sideways and had its first break in trend.

But apart from that, there is not much consolidation to work with.

Overall, this is a very healthy uptrend, moving upwards to the right and making a series of higher highs and higher lows.

On the monthly chart, the pink line clearly shows the trend. It looks like the stock is preparing to continue moving upwards and making new all-time highs.

Lower timeframe / recent structure

Dropping down to the lower timeframes, the most recent 4-hour structure shows a completed U-shape.

Hilton has now returned to the all-time high area seen on 17 April 2026.

On that occasion, there was not enough continued buying power to push the stock on to further highs. The stock pulled back, formed a U-shape, and has now returned to test the top of that structure.

The top of the U-shape sits around $343.

On Friday, Hilton closed at those all-time highs.

There was good buying power in the stock towards the end of the week, which is especially interesting given that the wider market was soft.

That makes it an interesting signal. Not only is Hilton itself acting well, but the broader hotel sector also appears to be attracting capital.

On the 4-hour chart, it is possible to fit a box that effectively encompasses the U-shape described above.

The box sits between roughly $343 on the high end and $307 on the low end.

Entry trigger:

A clean break and sustained hold above the $343 level.

Ideally, price should push above the top of the box and hold above it, rather than immediately falling back into the range, then come back to test old resistance and ensure that it has become support.

Initial stop loss:

Last 4-hour swing low around $324.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop loss at every new structural swing low as the stock continues to move higher.

When do I add to the position?

Add to the position when the stock forms a fresh swing low and then continues higher, provided the breakout remains intact.

Potential target range:

Daily target: $356

Weekly activated target range: $350 – $441

What is interesting here is that the weekly timeframe has four activated targets, ranging from $350 to $441.

That gives added correlation to the daily target and supports the idea that the move may have more room to run if the breakout continues to hold.

Activated price targets:

Daily: 1

Weekly: 4

Am I in this trade?

No

Current R multiple:

0R

Date:5 June 2026

Sector: Electronic Technology / Semiconductors

Exchange: NASDAQ

TradingView link: 1M candles & 4H candles:

Opening/macro/sector context

KLA Corporation is an interesting play on the semiconductor industry.

Rather than being the obvious front-facing semiconductor name, it sits more in the “pick and shovel” part of the theme, providing the tools, machinery and key infrastructure required to make semiconductors.

In all honesty, this is not a company I had heard much about before, but it has appeared numerous times on the all-time high list.

That makes it interesting.

It looks like one of those quieter companies operating behind the scenes, providing essential equipment and support to the semiconductor industry while the wider sector continues to attract capital.

Long-term structure

KLA first floated in 1980 at $1.23

As of the close yesterday, the stock was sitting around $2,131.

From the point it first floated, the stock effectively moved sideways for a very long time.

That sideways period continued until it finally broke above the top of the pink box in July 2019.

Once the stock broke the top of that box around $106, it then came back to test that breakout level roughly half a year later in March 2020.

That former resistance then acted as support.

After that, KLA continued to make steady progress, forming a series of higher highs and higher lows.

However, some of the clearest price action and some of the largest percentage moves came after the stock broke above the $903 level.

It was after breaking that level that the share price began to move almost vertically on the monthly timeframe.

From around $895 in May 2025, the stock moved all the way up to around $2,131 by June 2026.

That is a huge move in a relatively short period of time and shows just how strong the momentum has been.

Lower timeframe / recent structure

On the 4-hour timeframe, there are two recent pink boxes marking out periods of consolidation.

More recently, price moved out of the lower pink box and jumped into the pink box above it, before moving sideways again.

In the most recent pink box, price was moving between roughly $1,946 on the top side and $1,627 on the lower side.

There was a false breakout on 27 May 2026, after which price fell back into the box.

However, what had previously acted as resistance then became support.

The stock broke out of that box again and continued moving higher.

Importantly, structure held.

Price only just dipped back into the pink box, but it still maintained a higher low and has now moved on to make higher highs.

What I am looking for now is a fresh higher low to form on the 4-hour timeframe. That would provide the entry trigger for me to get into the trade.

Entry trigger:

A new higher low forming on the 4-hour timeframe.

Ideally, this should happen after a controlled pullback, with structure still holding above the breakout area.

Initial stop loss:

Bottom of the 4-hour swing low around $1,885.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop loss the next time the stock forms a clear structural 4-hour higher high.

When do I add to the position?

Consider adding to the position at the same time, once a fresh structural 4-hour higher high has formed and the trend remains intact.

Potential target range:

$2,657 – $3,010

Activated price targets: 2

Am I in this trade?

No

Current R multiple:

0R

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Date: 4 June 2026

Sector: Finance / Major Bank

Exchange: New York Stock Exchange

TradingView link:

1M candles & 4H candles

Opening/macro/sector context

We have now had several major banks break out to all-time highs, including Citigroup, Goldman Sachs, Morgan Stanley and Bank of New York Mellon.

As mentioned in the Morgan Stanley write-up, when markets rise and the economy expands, it creates more demand for the services that these large banks provide.

That includes bond issuance, equity raising, debt restructuring, mergers and acquisitions, and the purchase of other companies.

These functions are carried out by the major banks, which earn fees from this work.

So it is no surprise that as the stock market goes up, their stock prices often move higher too.

There is also another layer to this. As the value of companies rises, they can borrow against their own equity, raise capital more easily, and use that capital to buy smaller companies, grow, and expand.

That creates a supportive backdrop for the major banks, especially when markets are strong and corporate activity begins to pick up.

Long-term structure

Citigroup first floated at around $17.92, and for a long time afterwards, the stock moved sideways.

It was not until the end of 1992 that the market finally broke out.

From there, Citigroup moved up to a high of around $76, came back down, formed a higher low, and then began a series of higher highs and higher lows.

That move took the stock all the way up to around $325.

After that, there was a very steep correction. This period appears to align with the Asian financial crisis and the failure of LTCM, which also marked a structural break.

Buyers then stepped back in, and the market went all the way back up, exceeded the previous high, and eventually reached around $569.

This marked the end of the first major phase

Citigroup then corrected down to around $236,

Eventually, almost right down to the tick, the stock peaked again around $569. After that, the market moved sideways before eventually breaking key structural levels.

The $419 level is especially important. I have marked this out with a yellow bar, because it highlights one of the most important lessons on the chart.

Had you been in this trade, the break of that structural level would have been a key warning that it was time to exit the market and potentially accept any losses.

After that break, the market collapsed from around $419 to around $10.

That meant Citigroup traded below its original 1987 float price, which shows the scale of the destruction during that bear market.

From May 2009 to July 2025, Citigroup remained trapped in a large box between roughly $80 on the upper side and $19.50 on the lower side.

It is only recently that the stock has broken out of that pink box and started to form good structure again.

Lower timeframe / recent structure

On the 4-hour timeframe, the most recent price action gives us a clearer view of the current breakout area.

There was an earlier peak in the share price at around $135.

At the bottom of the more recent box, the price was around $119.

We technically saw a break of structure because the market broke higher and then made a lower low below the area where price had previously gapped up.

However, buyers stepped back in quickly.

The stock recovered, began forming higher highs and higher lows again, and then pushed back towards the all-time high area last seen around 26 April.

What we now need to see is the market push on properly.

The key thing is for Citigroup to break out above the pink box and close above it.

For me, I need to see three firm closes above this level to be more convinced that the market is likely to continue higher.

What adds weight to the setup is that other major financial stocks are participating as well, including Morgan Stanley, Goldman Sachs, and Bank of New York Mellon.

This makes it less of an isolated move and more of a broader banking sector breakout.

Entry trigger:

Three firms close above the top of the pink box.

Ideally, I also want to see a break and retest of previous resistance, with that level then acting as support.

Initial stop loss:

The initial stop loss is slightly tricky because the recent candles have been very large.

To get a cleaner stop-loss level, we may need to drop down to the 1-hour timeframe.

On that basis, the initial stop-loss would be around $129, based on the last hourly swing low.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss each time a clear swing-low pattern forms.

When do I add to the position?

Add to the position when a new swing low forms and price pushes from grey to blue again.

Potential target range:

$141 – $186

Activated price targets:

2

Am I in this trade?

Yes - a little early as a starter position, which I am hoping to add to the other banks breaking out, gives me added confidence.

Current R multiple:

-0.02R

Dr Copper sends Freeport-McMoran to all-time highs.

Date: 3 June 2026

Sector: Non-Energy Minerals / Other Metals & Minerals

Exchange: New York Stock Exchange

TradingView link: 1M candles & 4H candles

Opening/macro/sector context

Freeport-McMoran is involved in mining copper, gold, and molybdenum, but is primarily known as a copper miner.

So this will be of particular interest to Ross 🙂.

This is a tale of two cities.

Back in 2008, the story was driven by the housing boom, the global build-out boom, and, post-GFC, rapid growth in China then took up the slack. That created a perfect storm where copper demand surged, and that growth in demand helped push the price higher.

Nearly 20 years later, the story is different.

We have not built that many new copper mines in the meantime, but demand for copper is rising again. This time, the demand is coming from the electricity build-out: pylons, cars, data centres, electrification, grid infrastructure, and everything else that needs more copper.

So what we have now is increasing demand, but not much new supply coming on.

The only real way this can be rectified is through higher prices. Higher copper prices are needed both to encourage future supply and to curb demand where necessary.

That is the wider macro backdrop behind this Freeport-McMoran setup.

Long-term structure

Looking at the longer-term structure, the stock has now popped out of the top-right side of the pink box on the monthly timeframe.

However, while it has broken out, it has not yet made much progress in terms of momentum.

At the moment, the price is still hanging around the top of the pink box rather than really accelerating away from it.

What I want to see here is momentum properly kick in. Ideally, Freeport-McMoran needs to get above the $70–$71 area with clear thrust and momentum behind it.

That would give more confidence that the stock is not just flirting with the old highs, but actually starting a proper new leg higher.

Lower timeframe / recent structure

Moving down to the 4-hour timeframe, we get a much better idea of what has been happening around the top of the pink box.

There have been several moves above the box, but also several false breakouts.

It would be easy to simply move the pink box higher and include all the recent candles within a single larger consolidation. But in this case, I think leaving the box where it is actually shows us something useful.

It allows us to see whether the market can break out of this important historical level.

If the price falls back into the box, that would be an indication to potentially stay away and avoid entering the trade.

If I moved the box above the current set of candles, it might give the false impression that the next move above that level would be the real breakout. But for this setup, I want to be more certain that the stock has genuinely broken out'. That matters because the current level also marks an important high dating back to 2008.

As all good box drawers will appreciate, the market does have a memory. These key pivotal levels matter because they act as anchors in the minds of traders and investors.

On the lower timeframe, Freeport-McMoran is still skirting that old all-time high area and struggling to break away, a signal of indecision.

There have been a number of touches around the $70.74 level.

Because the stock has been flirting with this area for so long, I want to set the bar slightly higher before taking the trade.

I need to see three clear daily closes above this level, followed by a good structure of higher highs and higher lows above the $71 area.

That would give me much more confidence that the breakout is real and that the stock is not about to fall back into the pink box.

Entry trigger:

Three clear daily closes above the $70.74–$71 level and formation of HHs and HLs.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Blue candle

When should I tighten the stop-loss?

Tighten the stop-loss as price moves higher and creates new clear 4-hour swing lows.

When do I add to the position?

Add to the position when price creates a new clear 4-hour swing low, provided the breakout remains intact and price stays above the key breakout area.

Potential target range:

$96

Activated price targets:

1

Am I in this trade?

No

Current R multiple:

0R

Date: 3 June 2026

Sector: Technology Services / Packaged Software

Exchange: NASDAQ

TradingView link: 1M candle & 4H candles

Opening/macro/sector context

Cadence Design Systems is involved in the development of integrated circuits and electronic devices. There is also an overlapping technology theme here, given its exposure to technology services and software.

It is not necessarily the case that every company in this space is directly involved in AI or data centre build-outs, but the technology sector as a whole is clearly in vogue at the moment. As the quote goes, a rising tide lifts all boats.

In this case, there is a feeling that much of the technology sector, especially companies involved in hardware and related infrastructure, is being re-rated higher. This is even more interesting when considered alongside the wider onshoring theme.

So there are a couple of overlapping ideas here: technology hardware and onshoring.

Long-term structure

Cadence has a long history, dating back to 1987, when it first floated at approximately $1.50.

As of today, the stock has broken to an all-time high and is currently trading around $408.

To get the full breadth of the move, I have included two chart links: one for the 1-month candles and one for the 4-hour candles.

Over the 1-month timeframe, the chart clearly shows a long sideways base from when it floated until it finally broke out of that box in May 2018.

The following month, the price returned to test the level that had previously been resistance around $40, which then became support. From there, the stock began a much stronger long-term advance.

On the monthly timeframe, the structure shows a succession of higher highs and higher lows.

There was a brief period of consolidation, but the stock never broke structure. It simply moved sideways before continuing higher again.

After that, the stock continued moving upwards at almost a 45-degree angle, without offering much of a meaningful pullback on the monthly timeframe.

More recently, we had another period of sideways consolidation, marked by the second pink box. Momentum slowed, but the stock continued to hold above the lower end of that box at around $221.

On the top side, the $378 area acted as resistance and was touched on three separate occasions.

Lower timeframe / recent structure

On the 4-hour timeframe, looking at the most recent breakout, the stock broke out above the pink box before briefly dipping back below it.

After that, price continued to interact with the box, touching it several times across four or five grey candles.

This week, the stock jumped out of the pink box again and has now remained above it for the last three days.

That means the stock has met my criteria for an entry.

The next step is to look for a good entry point. Ideally, this would be a grey-to-blue turn on the 4-hour timeframe, preferably after a pullback back towards the pink box.

The ideal area would be a retest of the old resistance, now support, around $377.

Entry trigger:

A 4-hour grey-to-blue turn.

Ideally, this would happen after a pullback towards the pink box and the old resistance/new support area around $377.

Initial stop loss:

Last 4-hour swing low.

Multi-timeframe correlation:

3M: Blue candle, having just been grey

1M: Blue candle

1W: Blue candle

1D: Blue candle

4H: Grey candle

The main thing now is to wait for the 4-hour candle to turn blue, then take the trade.

When should I tighten the stop-loss?

Tighten the stop-loss every time the stock makes a clear new 4-hour swing low.

When do I add to the position?

Add to the position every time the stock makes a clear new 4-hour swing low, provided the wider trend remains intact.

Potential target range:

$407 – $417

Activated price targets:

2

Am I in this trade?

No

Current R multiple:

0R