Exhaustion Gap On The Alphabet Chart – The Rally May Be Coming To A Conclusion

By | April 29, 2021

The rally in Alphabet (GOOGL) may be over. This is a pretty bold statement considering the strength in the stock over the last six months. I’m not making a prediction but rather reporting on a technical condition on the chart and its implications for price going forward. That’s what good technical analysis does, it suggests… Read More »

Ten Tradable Stock Charts with Positive Price and Money Flow Momentum

By | March 8, 2021

I scan primarily for stocks with a combination of positive price momentum as measured by the Relative Strength Index (RSI) and positive money flow momentum as suggested by the Chaikin Oscillator. You can scroll through the “Chart School Technical Indicator” section of Stockcharts.com for information on these two indicators. Then from that list I drill… Read More »

Bitcoin – This Chart Pattern Suggests 20% More Upside and a New All-Time High

By | February 3, 2021

A bullish triangle pattern formed on the Bitcoin chart last month. It signaled a pause in the long term uptrend and the beginning of a consolidation phase. This month Bitcoin is breaking out of the triangle consolidation and is moving higher. Follow-through price action is suggested by taking the height of the triangle pattern and… Read More »

Bitcoin – Has Reached A Technical Measured Move Price Target – Time To Book Some Profits?

By | December 31, 2020

Bitcoin (BTC/USD) broke out of an inverse head and shoulders pattern in June on the weekly chart this year. The neckline of the pattern at the time was intersecting with the downtrend line of a three year triangle pattern. This multi-year triangle pattern projected an upside measured move price target of around $29,000 or roughly… Read More »

The Amazon Wedge Pattern – A New Tool To Confirm A Breakout Or Breakdown

By | December 31, 2020

Since early September many of the large cap tech names have been moving basically sideways. Amazon (AMZN) shares are a perfect example. They have been headed right on the chart in an increasingly tight series of lower highs and higher lows. The price action formed a symmetrical triangle or wedge pattern on the daily chart.… Read More »