Saturday, April 20, 2024

Chart of the Day: Carnival Pushes a Key Level

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Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on...

Chart of the Day: Potentially Bearish Candlestick Pattern in Amazon.com

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Amazon.com tried to rally a week ago. It proceeded to fall on weak quarterly results, leaving some potentially difficult patterns on the daily chart...

Chart of the Day: DIY Giant Tries to Break Out Before Key Data

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Home Depot could be attempting a breakout as investors await key industry data. The main patterns on today’s chart are the falling trendline and the...

Is This Stock the Next Tesla or Nio? Check Out This Technical Analysis

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Electric cars have been one of the most explosive industry groups in recent memory, and now traders may have another name to focus on:...

Chart of the Day: Is It Time to Go Back to the Well in...

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Occidental Petroleum is the biggest gainer in the S&P 500 this year, but was the biggest decliner last week. Is the dip an opportunity...

Chart of the Day: Will Goldman Sachs Get Going?

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Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is the...

Fear sweeps energy market before OPEC meeting

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The Russians are coming, the Russians are coming... coming back to the energy market that is. Crude oil futures (@CL) fell almost 3 percent today,...

E-Commerce Giant Struggles After Bearish Price Gap: Chart of the Day

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Amazon.com rallied into its last earnings report, and crashed on a very weak outlook. Now traders may need to mind the price gap that...

Technical Analysis: Don’t Forget About Chip Stocks

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The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors. Chip stocks like NXP Semiconductors (NXPI), Broadcom (AVGO) and Lam Research (LRCX)...

Can This Tech Giant Hold Support?

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Big Tech has seen its share of volatility in the last week. Now as the waves of panic recede, a value opportunity may have...
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