Category Archives: Weekend Chart Requests

Follow-Up on Apple Analysis

Last week a reader asked if I would take a look at the Apple chart. I spotted a small eveningstar pattern on the daily chart which suggested a pullback and that proved to play out this week. The trend on the weekly chart, however, is still intact and a reversal would require a break of… Read More »

Reader Request: Michael Kors

Michael Kors (KORS) shares have retraced half of their historical range, tracking below their 50 day moving average since about this time last year. They are currently at the 50% Fibonacci retracement level of their IPO price in 2012 and their 2014 all-time high. The stock is in a downtrend, that’s pretty clear, but while… Read More »

Reader Request: Wal-Mart Chart

A reader asked if I would take a look at the Walmart chart. Shares of Wal-Mart (WMT) traded in a horizontal channel for most of 2014 before breaking above channel resistance in November and rallying into year end. They reversed course quickly, however this year, and are back retesting the resistance-turned-support level. On the daily… Read More »