“X marks the spot” might be true for treasure maps, but on stock charts, the W is the letter some traders look for. W pattern trading is a common strategy employed by swing traders looking for trend ...
The swing in MicroStrategy’s stock to a big loss from a big gain on Thursday produced a classic chart pattern that can act as a warning of further weakness. The software company and bitcoin play’s ...
Rectangles combine the ideas of support and resistance into a single chart pattern. When prices encounter a resistance level, they often fall. At support levels, prices often find a short-term bottom.
A handful of IBD 50 names have recently formed bullish chart patterns offering fresh buy points, with most after breaking out of proper bases. Especially notable are Quanta ServicesPWR, KLAKLAC and ...
Broadcom Corp. ( BRCM) has been struggling lately, but the selling pressure may be coming to an end soon. That is because BRCM recently saw a Hammer Chart Pattern which can signal that the stock is ...
The rally to new highs, followed by a sharp intraday reversal to close lower, could have some chart watchers believing a top has been hit A "bearish engulfing" pattern popped up in Opendoor's stock ...
Bitcoin (BTC) price broke out from a descending trendline pattern after forming a local bottom at $100,300 on June 6, and now the asset looks set to retest its all-time high. On the weekly chart, a ...