Roblox struggled between June and November, and now it may be coming to life.
The first pattern on today’s chart is the high-volume gap on November 9. Over 95 million shares traded on that surge, more than the previous 13 sessions combined. A record-setting day like that represents a potential change of character in the stock, with a whole new set of investors...
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it’s pulled back and may be interesting to swing traders.
The first pattern on today’s chart is the 50-day simple moving average (SMA). CROX tested it on Friday and Monday, closing above it both times.
Next, the current area of support corresponds to the September peak...
Enphase Energy made a big move between early October and late November, ripping from $145 to a new record high above $280. Now after a healthy pullback, traders may start to notice.
The first pattern on today’s chart is the 50-day simple moving average (SMA), which ENPH tested yesterday for the first time since breaking out.
Next, the low was near the stock’s...
Google renamed itself Alphabet in 2015. Now it may be struggling with the 13th letter in that famous text string.
Notice how GOOGL nosed above $3,000 on November 5 and 8 but failed to hold. Almost exactly the same thing took place on November 18 and 19. Both attempts left behind solid candlesticks with long tails on top – yet not a single close above the...
Gold traders have been watching the important $1,800 level for years. Now the yellow metal may be at risk of decisively breaking it.
$1,800 was initially important as a peak in late 2011 after XAUUSD failed to hold $1,900. It was then retested in February and October of 2012 before gold entered a long slide toward $1,000.
Prices spiked to new highs above $2,000...
Bitcoin has pulled back in the last three weeks, but now it may be showing signs of a turn.
The first pattern on today’s chart is the falling trendline that began on November 10 and ran through the highs of November 15 and 25. It’s been above that line for more than a day. BTCUSD advanced after breaking similar patterns in late October, early October and late...
Bitcoin miner Riot Blockchain hit a seven-month high in mid-November. It pulled back sharply and now may be attempting a breakout.
The first pattern on today’s chart is the price zone around $38. This is the roughly the spot where RIOT peaked in June and August. It’s also served as the top since November 16.
Next, the 200-day simple moving average (SMA) is in...
Salesforce.com is showing some potentially interesting patterns ahead of quarterly results tomorrow afternoon.
Notice how CRM’s decline in the last week brought the Dow Jones Industrial Average member under its 50-day simple moving average (SMA) for the first time since August.
Next, prices have revisited the $284.50 area where they peaked in August 2020 and...
Upstart has been a hypergrowth stock since going public 11 months ago. It priced for $20 on December 15 and ran as high as $401.49 in mid-October. It then stalled and lost more than half its value.
The pullback has brought the fintech near some potentially important levels. First is the price area around $190, where UPST peaked in June. Traders may look for this...
Ethereum has been pulling back since mid-November, potentially creating opportunities for traders.
The first pattern on today’s chart is the trendline starting on July 20 and running along the lows of late September. Notice how ETHUSD initially tested that line on Thursday and held it again this week.
Next is the price zone around $4,000. Aside from being a...
Expedia jumped on strong results two weeks ago. Now after a pullback, traders may take be taking a look.
The main pattern on the travel company’s chart is the bullish gap on November 5. Prices have retraced the move and are trying to bounce slightly above the low from that session. The current range is also near the September and October highs, so EXPE may be...
MGM Resorts recently hit a new 13-year high, and now it’s pulled back.
The main feature on today’s chart is the breakout above $45.10 in early October. It proceeded all the way past $50 (for the first time since 2008) before knifing back to retest the breakout level.
Next, the current price area is near the 50-day simple moving average (SMA).
Third, the recent...
Energy stocks have been consolidating as major companies report earnings. Now they could be back in focus with inflation still rising and the economy reopening.
The most important feature on the SPDR Energy ETF’s chart is price zone around $56. It was a crucial support area in January 2020 before XLE crashed to a generational low. It was also a peak in June, but...
Visa fell sharply on October 27 following a couple of negative headlines. Now after a bounce, it may be ready for further downside.
The main pattern on today’s chart is the price level around $220. It was a low in May and near the lows of September and mid-October. There’s now a chance of it becoming resistance.
Next, V has failed to hold its 200-day simple...
Recent sessions have seen fireworks in chip stocks like Advanced Micro Devices and Nvidia . The same cannot be said of Intel.
The semiconductor giant gapped lower on October 22 following weak revenue and guidance. It was the third straight bearish report this year.
INTC has snapped back from the drop but has now returned to potential resistance. After all,...
Marathon Petroleum has been quietly sitting below resistance, and now could be approaching a breakout.
The first important feature on the oil refiner’s chart is Thursday’s pullback to its 50-day simple moving average (SMA). Buyers immediately defended this level, which MPC battled for five weeks in August and September.
It’s also noteworthy that prices bounced...
The S&P 500 broke a 10-month uptrend about seven weeks ago. Now it may be trying to reclaim that line.
This chart updates some patterns from our September 24 idea . The rising wedge pattern was bearish at the time – not a surprise given fears about inflation, the delta variant and a tapering Fed. But those forces have played out and investors are more focused on...
Industrials have gone nowhere for months, but some chart patterns suggest that may change soon.
The SPDR Industrial ETF (XLI) touched a six-month low under $98 in early October before rallying back toward $106. The bounce also occurred at the 200-day simple moving average, a potential sign its longer-term uptrend remains in effect.
Next, XLI had a very quick...
