Automatic Data Processing has moved sideways since the autumn, and now some traders may think it’s ready to move.
The first pattern on today’s chart is the series of lower highs since early March. The payrolls-processing company closed above that falling trendline on Friday, which may suggest it’s breaking resistance.
Next, prices tested and held their rising...
Nvidia has been rebounding along with the broader market, and some traders may think it’s getting ready to accelerate.
The first pattern on today’s chart is the April 9 high of $115.10. The chip giant has challenged that level in the last two sessions. A close above that resistance may be viewed as confirmation of a breakout.
Second is the series of lower highs...
Bank of America has rebounded sharply in recent weeks, but some traders may expect a move to the downside.
The first pattern on today’s chart is the series of lower highs since March 3. Combined with the low in early April, a falling channel may have formed.
Second is the price zone between roughly $39 and $40, which represents a basing area March 10-13. BAC is...
Harmony Gold has been rallying this year along with precious metals, and now some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the price area around $15.50. It’s near the April 2 high and a 50 percent retracement of the rally following the March breakout. HMY probed that zone yesterday and held it. Is new support...
Seagate Technology has rallied sharply in recent weeks, but some traders may think the data-storage company is overbought.
The first pattern on today’s chart is the March low of $82.88. STX plunged three sessions later after tariffs were announced. Prices have returned to that level and now seem to be stalling. Has old support become new resistance?
Next,...
Axon Enterprise has been climbing since last summer, and some traders may think its uptrend remains intact.
The first pattern on today’s chart is the tight consolidation pattern since February. The broader market revisited prices from a year prior, but the law-enforcement IT company never broke levels from just three months earlier. That shallower pullback may...
Monday.com has drifted for the last year, but some traders may think the business-software company is ready to start moving.
The first pattern on today’s chart is the bullish price gap on February 10 after earnings, revenue and guidance beat estimates. The shares touched their highest level since late 2021, only to decline with the broader market.
However, the...
Palantir Technologies has been consolidating as the broader market struggled, and some traders may look for its uptrend to continue.
The first pattern on today’s chart is the February 24 high of $99.01. PLTR peaked near that level in late March and again last week. However the stock cleared the resistance yesterday, which may signal a breakout.
Second, prices...
Okta has been quietly fighting higher, and some traders may see opportunity in its latest pullback.
The first pattern on today’s chart is the series of higher weekly lows since November. That contrasts sharply with the S&P 500 and Nasdaq-100, which have made lower weekly lows.
Second, the 50-day simple moving average (SMA) began the year by rising above the...
StoneCo has been stuck in a range since crashing in 2021, but some traders may think it’s turning back to the upside.
The first pattern on today’s chart is the series of lower highs since early last year. Prices have apparently broken that falling trendline.
Second, the Brazilian fintech jumped on a strong quarterly report last month and continued higher after a...
The SPDR Select Sector Industrial ETF dropped in early April, and some traders may expect another push to the downside.
The first pattern on today’s chart is the March 13 low of $128.26. XLI peaked $0.44 under that level this month, which may suggest old support has become new resistance.
Second, the 50-day simple moving average (SMA) recently had a “death...
Broadcom has bounced sharply from its early-April lows, but some traders may see risk of another push to the downside.
The first pattern on today’s chart is $186.90, a weekly low from mid-March. The chip stock has been trapped below that level, which may suggest old support is new resistance.
Second, prices are stalling under the 200-day simple moving average....
JPMorgan Chase has rallied sharply in recent sessions, but some traders may see downside risk.
The first pattern on today’s chart is the series of lower highs and lower lows since mid-February. JPM is returning near the top of that descending channel. Could another lower high result?
Second, JPM is potentially stalling at the March 31 low of $237.36. Old support...
The broader market has been tumbling for months, but CrowdStrike has stood its ground.
The first pattern on today’s chart is the March 10 low of $303.79. While the Nasdaq-100 has revisited levels from over a year ago, CRWD has held lows from a month prior. Support at such a recent level may reflect positive sentiment.
Second, Wilder’s Relative Strength Index...
The Philadelphia Semiconductor Index has been skidding lower, and some traders may think it’s broken support.
The first pattern on today’s chart is last April's low of 4288. SOX bounced at that level last August and on March 11. But the index slid below it last week and this week peaked near the same zone. Has old support become new resistance?
Second, the 8-day...
Gold has been in an uptrend this year, and some dip buyers may see an opportunity in its latest pullback.
The first pattern on today’s chart is the series of higher highs and higher lows since January. XAUUSD has dipped to the bottom of that rising channel. Will it become another higher low?
Second, the pullback stabilized near the February high around 2956....
Stocks have recently experienced selloffs reminiscent of the subprime crash and Covid. However, there might be something different this time.
This monthly chart of the S&P 500 highlights the three moments in history. The Global Financial Crisis is marked in white. The coronavirus pandemic is in teal and the tariff selloff is colored yellow.
Simple price action...
The S&P 500 has struggled recently, and some traders may see risk of further downside.
The first pattern on today’s chart is the three-day jump above 5,700 early last week. The move peaked around the January low of 5,773. It also represented a false breakout above the November low of 5,696.50.
In other words, two former support levels have emerged as new...
