Marvell Technology Group is a semiconductor stock I have been monitoring since it made a bullish-reversal Descending Wedge breakout back in January of this year. I actually featured this stock in an article on Descending Wedges that can be viewed through this link. The stock has reached the 100% Fibonacci retracement of this wedge breakout […]
The US$ has rallied on the back of upbeat US data and has broken out of the recent 4hr triangle and above the 97 S/R level. This has had the obvious drag on the EUR/USD, Aussie Kiwi and Cable with some TC signals and trend line breakouts but the moves have been rather small.
The S&P500 is chopping under its all time High of 2,940.91 (an intra-day High) but a key point to note is how Volume has been lacking with the latest push higher. Traders should watch Volume and Momentum as the index navigates this region for clues about the next move; whether that be up or down! […]
Bed Bath and Beyond, BBBY a US NASDAQ stock, has been on my radar since last year as one I’ve been stalking for a bullish-reversal descending wedge breakout. The breakout triggered on January 11th 2019 and has been drifting sideways to higher since then. The stock has Earnings due out this week and so I’ll […]
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 […]