Category Archives: Patterns and Formations

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 »

Apple — Good Risk/Reward

Shares of Apple (AAPL) have been losing their post-earnings positive momentum this week, and are fading back below the top end of their rising channel uptrend line. There is little in the way of visible support within the channel parameters at this point, until the 50 day moving average near the lower end of the… Read More »