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 […]
Business
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Netflix NFLX Chart Porn (updated 5/15/16)
Update 5/15/16 – Netflix has broken 90 as the chart has shown it could do. The support level it may likely seek is in the lower 80’s. It is testing out is most recent lows and may push a little lower before it bounces. It may find its range in the 80-90 area. Update 5/9/16 – Netflix […]
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Apple AAPL Chart Porn (updated 5/15/16)
Update 5/15/16 – Apple broke below its 200 day moving average but found its support at 90. This is an interesting set up as the bulls may attempt to push this for a bounce but the overall trend is still intact. The chart shows that 90 has not been a very strong price level. Update 5/9/16 […]