Stock charts and technical analysis
$IBM is probably one of the most boring stocks of the last decade, but is currently nearing a potential breakout of a multi-year basing pattern formed on the weekly chart. $AAP nearing a test of its long-term declining level of support. This is a textbook case of why catching a [...]
$GOOGL pullback to the bull flag breakout today. Will need to hold this or risk this being a failed breakout. $AMD pulling back to its rising trend-line off the January lows, after failing to break out of the bull flag this morning. With today's fade off the highs of the [...]
$COIN finally starting to break out of the declining channel from mid-July. Very little resistance overhead from here to continue to the climb. Imagine getting stopped out on a random 7% drop mid-day for no reason at all on $ORCL. No news that I can find anywhere. $SBUX breaking below [...]
$NVDA earnings could change this with their earnings tomorrow, but so far, $SMH dead cat bounce running out of steam at short-term resistance formed by the double top. $TMST attempting to confirm the bear flag today, but support underneath could stabilize the stock. I didn't notice this $BIDU support level [...]
$TNX pushing above October '22 highs and breaking through some heavy resistance. $AMC rejection at resistance was the clue to get out. Now it is breaking major support going back to '22. Retested it on Friday and failed. For those that think $AMC is rigged, then why are you even [...]
$IBB bouncing off of the rising trend-line from October '22. You'll still want to be mindful of overhead resistance. $CVS for a second straight day testing key support that if broken goes back down to 2019 & 2020 prices. $VIX running into heavy resistance at the 200-day moving average. $TNX [...]
Bitcoin $BTC.X crashing & breaking the rising trend-line off of the January lows. $LNG Rising parallel channel, with a hard bounce off the lower channel band. Looking for a move back to the upper channel band from here. Pullback to the rising trend-line in place seems to be the most [...]
Major support breaking today on $TSLA. Now the next level of support comes in at the rising trend-line around 207-210 area. $GLD inverse cup and handle pattern nearing confirmation. $TNX 10 year yield October highs on tap. Rates continue to rise significantly. $LULU price action still struggling with overhead resistance. [...]
$F rising trend-line off of the July '22 lows could see a test and bounce. Patience is key here. $SPCE breaking below key support to new all-time lows. $TGT with a continuation triangle break to the downside. $DBI not quite there yet, and definitely having some struggles today, but worth [...]
Michael Burry bought $CHTR and as you can see it is breaking out of a long-term basing pattern that goes back to last year. This one could have some legs to it. $VIX still can't break above resistance. Volatility shorts continue crushing the index with every bounce. Strong bounce so [...]
I'm watching to see if $AMD pulls back to the rising trend-line from the Nanuary lows. If that Holds it could create a nice bounce opportunity. $NFLX attempting to finish off this head and shoulders topping pattern. Watch for $SOFI to retest year long support. If it can hold this [...]
Strong post earnings run, but struggling to push through resistance. Needs to break through to jump start the next leg higher. Major support for $XLU still holding but a push below $64 support could spell trouble for the utilities sector. Big move out of $YETI today gapping above major resistance, [...]
