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Linda Raschke, founder at LBR Asset Management, highlights the persistence of bullish patterns in select stocks.
According to Raschke, CME and JNJ are among the last remaining names exhibiting weekly bull flag formations, aside from notable momentum stocks.
Raschke previously identified cocoa as a leader in relative strength, citing its two-month base pattern. She has also noted buy signals in the SPs following gains after Asian markets opened. These observations form part of her continued monitoring of technical setups across different assets.