$IBM has been one of those stocks that traditional investors buy and hold forever. Forever never lasts forever though. If we take a look at their chart below, we can see a lot of warning signs in there. Dark cloud covers as well as bearish engulfing candles are showing up. It has traded flat since […]
Year: 2014
Prepare to be Twitterpated ($TWTR)
Twitter ($TWTR) is again forming a nice base on its chart. The prior two bases formed have led to gains for investors. The first base was at the bottom of its falling wedge pattern. The second base was formed after its breakout from the falling wedge, right before earnings. The stock got hot fast and […]
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Facebook FB Chart Porn (updated 5/15/16)
Update 5/15/16 – The gravestone doji has appeared as it made its new 52 week high. The recent price action has showed some lack of conviction at its new height. The buyers brought it to 120 and tried to push it high but no dice. They could not get it above and this can signal that […]
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Alphabet (Google) GOOGL Chart Porn (updated 5/15/16)
Update 5/15/16 – Alphabet is looking to be in a range as the moving averages start to get closer together. A trend change is looking to come its way. The range of 700-750 may continue for awhile. Indecision is starting to show up and that could lead to a push lower to test out 700 again. […]