Stock Watch for July 6, 2020 SSSS could be forming a pennant on the daily chart. During the last trading day, it tested its resistance and could be on the verge of a breakout any moment now. Based on the chart pattern’s height and added to the possible breakout point, we could set a minimum target price of 11.00. However, there could be some hurdles along the way specifically the 10.00 marker. In case the stock turns south, there could be supports at the 8.50 and 8.00 levels. TRQ could be on the verge of a major trend reversal. Last month, the stock broke out from its downtrend and along the way, it has consolidated to what looks like an inverted head shoulders. At the same time, the right shoulder of the mentioned chart pattern happens to be a triangle. Anyway, a breach of the neckline could swing the stocks higher with the immediate resistance at 1.00. UBX has been consolidating for over a year now. Like TRQ, it could be forming an inverted and shoulders with the right shoulder being a triangle. A breakout from the triangle could send the price towards the neckline and if the neckline gets taken out, we could set a immediate target price of 12.00 since that happens to be a notable resistance. On the flipside, the immediate support could be the 2-month uptrend. DVAX could be forming flag right above the 8.00 support. A breakout from this chart pattern could bring the price towards the next resistance of 10.00.The next two stock charts are both forming a triangle and based on its current trend, a move higher is more likely. Would be good to watch for a breakout. The three stock charts below are some of the stocks on my list that broke out from a chart pattern. You can see them on my June 29 and June 30 stock watch.