Category Archives: Daily Charts

Tesla Triangle Pattern

The $200 level has been important support for Tesla (TSLA) shares this month, and is acting as the base line of a small rising triangle pattern. The technical indicators couldn’t be more flat and with the Bollinger bands extremely compressed, the stock may be ready to break out or down. A tradeable opportunity in either… Read More »

Apple (AAPL) Short Term Reversal?

A high wick shooting star candle has formed on the weekly Apple (APPL) chart. It is considered a bearish reversal candle after significant moves higher and at important resistance levels. A one day candle indication does not mean that Apple is reversing trend, but with the RSI and Money flow Index both in an overbought… Read More »

Tesla Shares React to Patent News

Tesla (TSLA) shares were holding up early in the session, then around 11:30 EST they started to reverse, continuing lower into the close. It may be related to the announcement that Tesla is making its patents available to other automakers or not, but the technical reaction on the daily chart was a doji candle. This… Read More »

Tableau Software (DATA) Ready to Run?

Nice move today for Tableau Software (DATA) up 4.24% on good volume. It entered into upper Bollinger band range and above its 50 day moving average, and price momentum and money flow indications are positive. The stock looks like it wants to build on a rudimentary inverse head and shoulders or cup up and handle-like… Read More »

Facebook (FB) Channel Breakout

Facebook (FB) has been trading in a horizontal channel since April and more recently, holding above a long term uptrend line drawn off the 2013 and 2014 lows. It spent the last two weeks testing upper channel range and yesterday broke above resistance on better than 50 day moving average volume. Shares are trading down… Read More »

Tesla – Holding the 50 DMA

Tesla (TSLA) closed near its low today but held above the 50 day moving average. Price momentum and money flow indictors are flat. The stock is in neutral.

Twitter Squeeze

Twitter (TWTR) closed up 3.4% in today’s session. Bollinger bandwidth is severely compressed, similar to a point seen in March before the stock experienced a further breakdown. This time, however the technical indicators are in much better shape. The RSI is rising and above its 21 day moving average, MacD has made a bullish crossover,… Read More »

Praxair Cup and Handle Breakout

Shares of Praxair (PX) have spent this year forming a large cup and handle pattern. Today the stock is following-up on yesterday’s break above rim line resistance. The daily MacD indicator is overlaid on a weekly MacD histogram and both are making bullish crossovers. This technical coordination on multiple timeframes is a strong positive. Volume… Read More »