Category Archives: Uncategorized

Alibaba – Potential Widening Top On The Chart

Shares of Alibaba Group Holdings (BABA) have been advancing over the last four months in a well-defined pattern of higher highs and higher lows. The range of this pattern has been expanding, in a similar way to a widening top or megaphone pattern, but without the lower lows. /> At the beginning of December the… Read More »

Emerging Weakness In Emerging Markets ETF

The steady move higher in the iShares Emerging Markets ETF (EEM) this year is faltering. A regular series of higher highs and higher lows ended this month, when the EEM closed below its October low last week. The fund was able to bounce back above that low and briefly recapture a four month uptrend line,… Read More »

Facebook Needs to Hold This Support Level

On Monday last week, Facebook (FB) shares opened sharply lower, taking out their 50 day moving average and forming a large dark candle on the daily chart. The next day they attempted to rebound but couldn’t hold their highs, and faded back to mid-range, forming a high-wick candle. On Wednesday, they were able to recover… Read More »

Infosys Investors Taste Disappointment for Breakfast With 7% Drop Brewing: Chart

(This article was published on TheStreet.com on August 21) Shares of Infosys Technologies (INFY) dropped 13% in Friday’s session after CEO Vishal Sikka resigned amidst continuing criticism of his stewardship and compensation from company founders. The drop took the stock price down to test its 200-day moving average and the support line of a rising… Read More »