Category Archives: Weekend Chart Requests

Reader Request – GLD and SLV

Buck asked if I’d take a look at the SPDR Gold Shares Trust (GLD) and the iShares Silver Trust (SLV) charts. The weekly chart of the GLD shows the price action in late 2011 and through 2012 forming a large triangle pattern. Support was broken in April 2013 and the subsequent decline met the target… Read More »

Weekend Request – TWTR/ HOV

Juan asked about the Twitter (TWTR) and Hovnanian Enterprises (HOV) charts: Twitter is still untouchable. It was down over 3% on Friday and there is nothing constructive in the way of price action taking place on the chart. The centerline line of the Raff regression channel is the “best-fit” straight line of price since the… Read More »

Weekend Chart Request

Peter asked if I’d take a look at the Southwestern Energy (SWN) chart, so here goes. The stock traded in a horizontal channel pattern for most of 2013, then broke above the channel resistance line earlier this year. The breakout level was tested several times before it moved to a high in April, just as… Read More »