Four Breakout Charts With Strong Upside Potential

By | May 21, 2018

Here are four charts of interest for this week. They all have positive upside momentum and money flow, along with well-defined levels of resistance. Breakouts from their respective patterns project significantly higher upside price targets. A cup and handle on the Accenture (ACN) chart with large gap resistance just overhead. Air Products and Chemicals (APD)… Read More »

Apple – The “Gravestone” Doji On The Daily Chart Is As Bad As It Sounds

By | May 7, 2018

Apple (AAPL) shares rallied over 10% last week to new highs. They gapped higher at the open today and early in the session were up 2.25%. The dynamic changed around noon as Apple pulled back eventually closing near its opening print. Technically, the price action today formed a “gravestone” doji. This is a one-day bearish… Read More »

What Does The Large Dark Candle On The Amazon Chart Mean?

By | April 29, 2018

Amazon (AMZN) shares were up 3.6% on Friday but that simple statistic does not paint a complete technical picture. The position of the close relative to the open, as well as the direction of money flow is much more important. The stock gapped open in Friday’s session but immediately began selling off, closing near its… Read More »