US Stocks | Popular US Stocks: Technical Chart Patterns — November 14, 2024

Hello everyone, I’m Jiangxin. Welcome to my weekly review notes series—I plan to share these with you once per week. Special Notes: ・ RW stands for Rising Wedge ・ FW stands for Falling Wedge Regarding Target Prices: The “Target” price labeled on the charts represents the theoretical target price corresponding to each pattern. Please note that target prices are not guaranteed to be reached—sometimes patterns may fail entirely. (Due to space constraints, charts without a “Target” label indicate no valid pattern is present.) Uncertainty of Emerging Patterns: Technical patterns currently forming are not always reliable—they may break down at any time. Limitations of Pattern Analysis: All pattern analysis attempts to interpret short-term supply-and-demand dynamics. This approach can appear somewhat mechanical, as individual stocks possess unique characteristics and may respond differently to identical technical patterns. If you possess deep familiarity with a particular stock, your analysis will naturally be more insightful. Disclaimer: This content reflects only my personal review notes. Data accuracy is not guaranteed; it does not constitute investment advice of any kind. Stock market investments involve risk—please exercise caution and make your own independent decisions! TSLA – Tesla: Just broke out of a triangle pattern; target price is $394. AAPL – Apple: Rising Wedge (RW) + a small double-top. The RW has been broken downward—bearish signal; the double-top remains incomplete. MSFT – Microsoft: Forming a head-and-shoulders top pattern. The rising wedge’s target price is $321.73; a double-top pattern has also formed, with a target of $374. META: An ascending triangle flag pattern yet to break out, plus a small double-top—one bullish, one bearish. NVDA – NVIDIA: Completed a triangle pattern; the double-top pattern has also broken out—bullish outlook; target price $176. AMZN – Amazon: No identifiable pattern. AMD: One bullish pattern targeting $171; another pattern remains incomplete. INTC – Intel: Intel recently hit both prior target prices; one remaining target is $36.91. GOOGL – Alphabet (Google Class A): Completed a head-and-shoulders bottom and an ascending triangle flag—both fully confirmed. Bullish—GOOGL remains in an upward trend. ASML – ASML Holding: Completed a rising wedge (RW); target price $534. WMT – Walmart: No pattern remains. TSM – TSMC: No pattern remains—the previously emerging pattern was fully broken. JPM – JPMorgan Chase: The prior double-top resistance level has been breached; no current pattern. V – Visa: In a rising wedge (RW). UNH – UnitedHealth Group: The prior triple-top resistance level has been breached; no current pattern. XOM – ExxonMobil: Broke out of a rectangle pattern. NVO – Novo Nordisk: Just completed a rising wedge (RW) and a triangle pattern, plus a head-and-shoulders top. First target price: $102.39. Three fully formed patterns all suggest downside pressure—the first target is nearly reached. ORCL – Oracle: No pattern. MA – Mastercard: In a rising wedge (RW). HD – Home Depot: In a rising wedge (RW); also forming a triangle with target $492. PG – Procter & Gamble: Head-and-shoulders top now fully formed; target price $154. COST – Costco Wholesale: In a rising wedge (RW). JNJ – Johnson & Johnson: Just formed a triple-bottom pattern, alongside a rising wedge (RW) and a double-top. The double-top target has been reached; RW target is $147; triple-bottom target is $184.

ExxonMobil (XOM) | Oil Price Volatility Drives Valuation; Integrated Oil & Gas Leader Awaits Supply-Demand Rebalancing

This week, ExxonMobil traded sideways within a range, its share price closely tracking international crude oil prices. Overall volatility remained relatively muted compared to small-cap growth stocks. Market participants did not initiate concentrated one-way trades; instead, positioning adjustments were made incrementally—centered on oil price developments, OPEC+ policy shifts, and global energy demand expectations. As the largest integrated oil and gas company in the U.S., ExxonMobil maintains full upstream (exploration and production), downstream (refining), and chemical business coverage. Following its acquisition of Pioneer Natural Resources, its shale oil output from the Permian Basin expanded significantly. Meanwhile, offshore fields in Guyana continue ramping up production—becoming the core driver of output growth over the next several years. Its downstream refining operations help hedge against crude price fluctuations: upstream profits rise during oil price rallies, while refining margins often expand when oil prices decline—smoothing overall earnings. The company generates robust cash flow, maintains a stable dividend, and consistently executes share repurchase programs to return capital to shareholders. In low-carbon initiatives, ExxonMobil is investing in carbon capture, hydrogen, and biofuels—but these contribute minimally to current revenue, and financial performance remains overwhelmingly dependent on traditional oil and gas assets. The biggest internal market divergence centers on the long-term structural oil price level. If crude oil prices remain persistently low, returns on newly commissioned projects in Guyana and the Permian Basin will be compressed. Should the global economy weaken, demand for refined products and chemicals would fall—reducing profit elasticity in refining and chemical businesses.