SoFi Technologies rallied sharply in June and early July. Now, after a pause, some traders may see further upside.
The first item on today’s chart is the July 17 close of $22.09. The financial stock has remained mostly trapped below that level while making higher lows. The resulting ascending triangle is a potentially bullish continuation pattern.
Second,...
Tesla rallied sharply in late 2024, followed by a drop in the first quarter. Now, after a long period of consolidation, some traders may think the EV maker is getting ready to move again.
The first pattern on today’s chart is the series of higher lows and lower highs since May. That converging triangle may give TSLA breakout potential.
Second, Bollinger...
The U.S. Dollar Index began 2025 with a dramatic slide. Now, after a period of consolidation, some traders may see further downside risk.
The first pattern on today’s chart is 99.443, the closing price for both a week and the entire month of May. DXY tested above the level between July 30 and August 1. It got rejected after the Labor Department revised payroll...
Home Depot has yet to recover from a first-quarter slide, but some traders may think the home-improvement chain has bottomed.
The first pattern on today’s chart is the series of lower highs between January and mid-July. HD has fought above that falling trendline in the last two weeks. Has resistance been broken?
Second, the stock has challenged a peak from...
Boeing hit a 19-month high last week, and now it’s pulled back.
The first pattern on today’s chart is a price gap from January 2024. BA briefly entered that resistance area after earnings and revenue beat estimates on July 29.
Second is the June 9 close of $217.51. Sellers drove the aerospace giant to this old peak, where it’s now stabilizing. Has old resistance...
The S&P 500 SP:SPX hit new all-time highs last week. But one noteworthy part of the market didn’t participate: transportation stocks.
Today’s weekly chart of the Dow Jones Transportation Average shows how prices inched to a new high but failed to hold. They instead reversed and closed at the lowest level in over a month. The resulting bearish outside candle is...
Salesforce has limped as other tech stocks hit new highs, and some traders may think it’s going into distribution.
The first pattern on today’s chart is the bearish price gap on May 29 despite better-than-expected quarterly results. That may reflect waning enthusiasm about the software company’s fundamentals.
Second is the pre-earnings closing price of $276.03....
Intel has been falling for years, but some traders may think it’s still not cheap enough.
The first pattern on today’s chart is the series of higher lows since April, combined with lower highs since February. That converging range is a potential consolidation pattern.
Second, the chipmaker broke that range by gapping lower on Friday following a weak quarterly...
Texas Instruments fell sharply last week, and now it may be oversold.
The first pattern on today’s chart is the price zone on either side of $185. It’s near the peaks in late March and a consolidation zone in late May. (The May 30 weekly close is in a similar area.)
TXN held near that level last week, which may confirm old resistance has evolved into new...
Applied Materials recently hit a nine-month high, and now it’s pulled back.
The first pattern on today’s chart is June 27's weekly close of $183.21. The chip-equipment company has bounced above that level, which may suggest new support is in place.
Second is the series of lower highs since mid-July. AMAT began this week by jumping above that trendline. Could the...
Healthcare has been the weakest sector in the past year, but some traders may expect a comeback in Edwards Lifesciences.
The first pattern on today’s chart is the breakout on Friday after earnings and revenue beat estimates. That rally brought EW into a bearish gap from one year ago.
Second is the May 16 high of $78.28. The heart-valve company spent more than...
Netflix has pulled back from record highs, and some traders may see potential opportunities in the streaming video giant.
The first pattern on today’s chart is the $1,156.49 level. It was a weekly close on May 2 and near the high the following week. NFLX is now showing signs of potential stabilization near that level. Is new support emerging?
Second, prices hit...
Delta Airlines rallied two weeks ago on strong earnings, and some traders may see further upside.
The first pattern on today’s chart is the tight consolidation pattern since July 10. The lack of pullback could reflect a lack of selling pressure in the transport stock.
Second, DAL has remained above the March 6 closing price of $54.96 and its 200-day simple...
Ford Motor began the month with a rally, and now it’s pulled back.
The first pattern on today’s chart is the July 1 surge following a strong monthly sales report. That may reflect healthy fundamentals.
Second is $11.27, a weekly close from last August. The automaker is back around that level, which could mean old resistance is becoming new support.
Third, the...
IonQ had a big surge in late 2024, and now some traders may see potential for continuation to the upside.
The first pattern on today’s chart is May 27's closing price of $48.04. IONQ has made a series of higher lows while remaining below that level, which may be viewed as a bullish ascending triangle.
Second, prices are near the all-time high of $54.74 in...
Zscaler recently climbed to a three-year high, and now it’s pulled back.
The first pattern on today’s chart is the May 30 gap after earnings and revenue beat estimates. That may reflect positive fundamentals.
Second, the cybersecurity stock has retraced half the move following results. Stabilizing here may confirm direction is pointing higher.
Third, prices are...
Alibaba began 2025 with a big rally. Now, after a long pullback, some traders may see further upside in the Chinese tech giant.
The first pattern on today’s chart is the pair of higher lows (marked with white arrows) along the rising 200-day simple moving average. Those may reflect the development of a longer-term uptrend.
Second, BABA peaked above $148 in...
Snowflake jumped to a new 52-week high last week, and now it’s pulled back.
The first pattern on today’s chart is the pair of price jumps after the last two quarterly reports. Those may reflect bullish sentiment in the software company.
Second is the June 13 weekly close of $208.18. SNOW appears to be stabilizing after revisiting that level, which may suggest...
