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 […]
Someone on Twitter asked me about the Aussie stock, Fortescue Metals (Ticker: FMG), so I thought I’d respond with charts in a post as they are easier to view.
Is 2019 going to be the year for Gold to shine? I wrote an article back on December 6th 2018, that was also published in the Jan/Feb 2019 edition of Your Trading Edge Magazine, where I noted potential for bullish breakouts on a number of Gold stock / ETF charts and some of these entities have […]