Category Archives: Daily Charts

Red Hat Positioned For Volatile Upside

Red Hat (RHT) has broken above resistance in the $122 area and is making new highs. It resembles prior consolidation breakouts that followed similar periods of very narrow overall range. These compressed periods took the Bollinger bandwidth indicator to a very low reading. Periods of low volatility are often followed by high volatility. Chaikin money… Read More »

Tractor Supply Higher in Down Market

Tractor Supply (TSCO) shares spent the summer forming a bullish inverse head and shoulders reversal pattern on the daily chart. The $58.00 neckline breakout in August was rebuffed by the declining 200 day moving, and the stock moved back down to retest neckline resistance-turned-support. The test was successful and now it looks like a base… Read More »

How Low Could an Intel Pullback Go

Intel (INTC) shares broke above their $36.50 level in September and soared 28% in just under two months. The run has been impressive and on strong volume and positive money flow. But a pullback may be underway. The daily chart shows Intel’s incredible move higher and the wide gap that it left behind. Shares been… Read More »