All Entries in the "Technical Analysis" Category
6 Candidates for Position Trades
At the beginning of the year, everyone’s out to make a prediction. Ignore them! Today I want to point you toward 6 stocks which look to have some promise in the months ahead. This is not a prediction of where they’re headed, just a list of setups which look to have some potential.
Burrito Time!
Don’t look now, but CMG is back on the move – and potentially in a very big way. The chart below outlines the large, multi-month ascending triangle that’s been forming, and currently we’re seeing a breakout attempt in the stock.
Always Look to the Left
A friend of mine recently mentioned that the area to the right of price is the only place on a chart where you make money. He’s absolutely right. But I’d add that by also looking to the left, you can save money as well.
People of Wal-Mart: Still Spendin’
While the People of Wal-Mart website is always an entertaining bookmark, the stock itself is no joke.
2 Levels to Watch for GLD
Some suggest GLD has topped, and in the near term, they have technical reasons which back that up (lower highs). But a closer look at the chart reveals a pair of important levels to keep on watch, so that’s what’s covered in this video.
Why I’m Careful Trading Drug Stocks
I’m really careful with trading drug stocks, there’s just so much to them. You have things to consider like FDA approvals, patient trials, lawsuits, huge news of positive or negative test results, etc. It can get to be a mess, and very few of those items are scheduled news, so they’re usually surprises.
Detecting Subtle Changes of Character
As traders, it’s imperative that we take note of any nuance or variation from character when reviewing charts. Doing so can give us occasional false or contradicting signals, but it can also alert us to imminent moves or potential pattern failures.
