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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JC Penney ($JCP) return to glory?
JC Penney ($JCP) has gotten the beat down of the century as far as retailers go. Was it deserved? Yes indeed it was! Take a look at their stores. Take a look at their pricing. There is nothing that jumped out that said this company was going to be around much longer. As investors sized […]
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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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Tesla TSLA Chart Porn (updated 5/15/16)
Update 5/15/16 – Tesla continued its sell off as the stock stands still hovering above 200. The range is looking to continue its path. 200 has not been a solid level so it may very well be crossed and move to 190 if it falls below it. Update 5/9/16 – Tesla has been a beast this year as […]