Category Archives: Morning News

Curious Price Action On The McDonald’s Daily Chart

There are a number of interesting technical developments on the McDonald’s (MCD) daily chart. A head and shoulders bullish reversal pattern has been under construction for the last two months. Neckline resistance is situated in the $162 area. This is very bullish potential basing action. A break above the neckline projects a measured upside move… Read More »

Inphi – Short Covering Rally Could Follow Breakout

Inphi Corporation (IPHI) makes semiconductors for the communications industry. Its stock price has been consolidating in a sideways pattern above support in the $34 area and below resistance in the $41 area, for the last seven months. A bullish moving average convergence/divergence (MacD) on the weekly chart in September preceded the October bounce off the… Read More »