Tesla (TSLA) has certainly been an interesting stock to monitor this year; check out the large bearish yearly candle in the first chart below. Charting / Technical analysts will be the first to emphasise that charts patterns, regardless of the trading instrument, do not continue in one direction unabated but, rather, they ebb and flow […]
Global stock market indices have been under considerable pressure the last few months and this has come from a range of factors including: the war in Ukraine, rising yields, rising fuel prices and rising inflation. These are fundamental reasons for a pause in the stock market rally but, given many global stock indices have been […]
When deciding on writing an article for my website I try to focus on areas where there is some interesting movement. One such space that has come to the fore over recent months is with that of Uranium and Uranium stocks. The change in price action for Uranium can likely be equated with the shift […]
Like many other global stock indices, the ASX 200 has spent the last few months in a period of sideways consolidation following the print of a recent all-time high. I have been saying, for many months now, that I expected the ASX 200 to chop around either side of the key 7,200 level until after […]
The three US index majors, S&P500, DJIA and NASDAQ, plus the the Australian Index ASX-200, are trading off their all-time highs amid the latest uncertainty created by the Russian invasion of Ukraine. In this article I post charts of these indices with my interpretation of their current technical patterns.