Friday, October 11, 2024

Chart of the Day: Tight Price Action in Microsoft

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Microsoft has paused this month as the Nasdaq-100 climbs to new highs. However, some chart watchers could look for the software giant to come...

Chart of the Day: Chinese Electric Car Stock Rallies and Pulls Back

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Most Chinese stocks remain well below their 52-week highs, but not Li Auto. Let's consider some of the patterns on the Beijing-based maker of electric...

Chart of the Day: More Upside in Advanced Micro Devices?

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Advanced Micro Devices rallied hard on strong results in late July. Now almost two months later, the chip stock may be ready for another...

Chart of the Day: Apple Pulls Back After a ‘Golden Cross’

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Apple clawed to a six-month high last week. Is it done or will prices continue higher? The first pattern on today’s chart is the price...

Charting Silver: Is It Groundhog Day for the White Metal?

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Silver began a monster rally about a year ago. Now the technicals could be lining up similarly. First, consider how XAGUSD dumped after hitting resistance...

Chart of the Day: Is Oracle Attempting a Breakout?

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Oracle has performed better than most technology and software companies, and now it may be attempting a breakout. The first pattern on today’s chart is...

Technical Analysis: Energy ETF Is Pushing Highs

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Energy stocks have been consolidating as major companies report earnings. Now they could be back in focus with inflation still rising and the economy...

Traders, keep an eye on oil

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Oil is in the news today with crude futures at a potentially key level. The main item came this morning from the U.S. State Department,...

Last week was calm as confidence grew

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Despite a lot of news, last week was the quietest of the year. The S&P 500 moved less than 30 points between its low and...

Chart of the Day: Gold is Pushing $2,000

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Gold has consolidated for more than two years, and now it may be inching toward a breakout. The first pattern on today’s weekly chart is...
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