Chart scale is normal and candles are three day
XOM has been in a massive triangle formation pattern for years now and just this week it looked like it was about to break out to the upside, before it ultimately failed and the market rejected the breakout. XOM has been one of the weaker stocks in the energy sector and with higher interest rates, falling oil prices...
Salesforce long. Exit if it closes below the 100 day moving average.
After a very strong earnings report we are seeing Salesforce pull back to the 50 day and then 100 day moving average. Although the market has seen unusually high levels of volatility the last two months, this pattern is actually consistent with what we've seen with Salesforce since the start of...
Note: these are monthly candles and the scale is logarithmic.
UNH has been trading pretty consistently within a parallel channel on the logarithmic scale chart since 2009. UNH is now at the upper bound of that channel. There were a few months in 2011 where the stock broke out and managed to stay above the top of the channel before it came back and has traded...
