Bearish Warning Patterns On The FANG Charts

By | January 31, 2018

A group of interesting candle patterns formed on the charts of four of the most interesting stocks in the the technology sector. The price action in the fabled FANG stocks, Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL), in Wednesday’s session formed candles or multiple candle patterns that reflect, at the least, investor hesitation… Read More »

Wynn Resorts Is A Winner On A Losing Day

By | January 30, 2018

Shares of Wynn Resorts (WYNN) fell 20% in just two days. In that time, the stock price dropped from over $200 to $161, retracing 50% of its August 2017 to January 2018 rally range. Wynn opened lower on Tuesday and despite pressure from a deep broad market decline, it was able to stabilize and quickly… Read More »

C.H. Robinson Worldwide – A Rare Candle Pattern Emerges Ahead Of Earnings

By | January 29, 2018

A rarely seen bearish reversal pattern formed on the daily C.H. Robinson Worldwide (CHRW) chart one day before the company reports earnings. On Monday the third in a series of three consecutive “doji” candles appeared creating an unusual “tri-star” pattern. A doji is a candle with a very narrow opening and closing range and usually… Read More »

Disney – Time For A Pullback?

By | January 25, 2018

At the beginning of the year it looked like Disney (DIS) shares were advancing towards a retest of their 2017 high, but now it looks like they will come up about a buck short. The stock price had been making a steady series of higher highs and higher lows over the last three months. A… Read More »