AMAT is a semiconductor stock that features regularly throughout my posts and it looks worthy of an update as the monthly Cup’n’Handle pattern looks to be playing out. I also take a quick look at the charts of a few ETFs: SMH, SOXL, FTXL and USD. This is simply a technical look at the charts […]

Here are some ASX stock trend line breakouts that are either brewing or newly broken out. Do you own due diligence.

Apple’s stock price declined for the last three months of 2018 but the bounce off $140 and recovery for the first two months of 2019 has price action shaping up in a symmetrical triangle. The advantage of such a pattern is that it gives traders trend lines to watch for any momentum-based breakout. In this […]

This is a brief post containing charts derived from my latest NASDAQ scan. I took out the many Bio and pharma stocks that populated my results and have selected for those with lower prices and setting up in recovery-style patterns; either descending wedges or triangles. Traders should always carry out their own due diligence before […]

February has now closed off so I thought it prudent to assess the monthly candle close for some of the stock index majors. All of the indices in this post closed with bullish monthly candles and some indices are setting up within new, potential ascending triangle patterns. I say ‘new‘ as some of these indices […]