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DoorDash has fought its way higher since the spring on signs of widening adoption. Now the delivery company may be presenting an opportunity after a pullback. Two important things appear on the chart this week. First, DASH tested and held ... For more,...
Goldman Sachs hit a new high late in the summer. Now after a healthy pullback, it may be ready to keep moving. The first pattern on today’s chart is the falling trendline that began on August 30. GS tried to break that resistance twice last month. It was rejected both...
The Nasdaq-100 is teetering, but one major index member is fighting the trend as business surges: electric-car giant Tesla. TSLA rose almost 1 percent yesterday, despite NDX sliding more than 2 percent. It managed to close at its highest price since February, even...
Emerging markets have mostly struggled lately as the U.S. dollar climbed. That may have created an opportunity in Brazilian energy driller Petrobras. Unlike other oil giants like Exxon Mobil and Chevron, PBR has barely moved in the last month as crude oil jumped....
The Russell 2000 had a sharp rally in late 2020 and early 2021. Now it may be setting up for a similar move. Notice the triangle forming on the small cap index recently, which is interesting for two reasons. First, it shows that prices are squeezing into a range....
Advanced Micro Devices rallied hard on strong results in late July. Now almost two months later, the chip stock may be ready for another move. Notice the slow and lazy pullback since early August, which resolved with a quick test under $100 on Monday. AMD came within...
https://www.youtube.com/watch?v=2kxIcJQD2Zk Candlesticks like hammers, dojis and shooting starts are popular among stock market traders because they can help anticipate changes in direction. TradeStation's platform can detect a wide range of candlestick patterns using...
Caterpillar was a top pick among investors for the rebound last year. But now the chart is showing several bearish patterns. First is the string of lower highs over the last five weeks. CAT held support around $200 during that time, resulting in a potential descending...
"What if they gave a war and nobody came?" was a popular saying with protestors in the 1960s. Something similar could be asked of Bitcoin today: "What if they gave a selloff and nobody came?" Consider how BTCUSD knifed violently lower on September 7. Then consider the...