ARTICLE SYNOPSIS ...The formation of a hammer pattern has bullish implications in the short term. An Elliott wave theory triangle in the medium-term trend strengthens the chances that sugar prices will go up....
ARTICLE SYNOPSIS ...Franklin Resources broke below a well-defined congestion on strong volume. The subsequent pullback to the breakout level and the formation of a dark cloud cover suggest that this would be the perfect moment to sell the stock short. However, a recently touched trendline is still a probable source of support and suggests caution....
ARTICLE SYNOPSIS ...The head & shoulders in the Dow Jones Industrial Average is by far the most relevant technical factor in the short and medium term. In the long term there are still important support levels that will probably have strong influence in the future price movements of the index, but also bearish factors that are probably even more important....
ARTICLE SYNOPSIS ...A strong medium-term correction in Coach was accompanied by a substantial increase in trading volume. This highly bearish pattern, combined with a long-term triple top, forecasts lower prices for the stock....
ARTICLE SYNOPSIS ...The long-term rally for Carnival Corp. ended with a triple-top pattern and subsequent breakdown, changing the direction of the long-term trend. In the short term, the stock has formed a pennant pattern that forecasts lower prices for CCL....
ARTICLE SYNOPSIS ...3M's recent price action led to a breakdown from a small, short-term congestion pattern. At the same time prices also completed a long-term double top pattern....
ARTICLE SYNOPSIS ...The formation of a bearish candle pattern in Eaton Corp. suggests that the current short-term downtrend will probably resume its course....
ARTICLE SYNOPSIS ...The formation of the reversal candlestick evening star pattern has probably brought JCI's short-term uptrend to an end, while in the medium term, the breakdown below a major support/resistance level can lead to the formation of a head & shoulders pattern....
ARTICLE SYNOPSIS ...The size and other characteristics of this candlestick have bearish implications, but the level and overall context increase the chances of lower prices for coffee....
ARTICLE SYNOPSIS ...From a technical point of view, gaps are important events that can provide clues to what the market is doing and where it might go in the near future. While they are easy to judge in hindsight, trying to interpret gaps in real time is much more difficult. Here's how to identify what type of gap occurred in cocoa and how it can be used for trading....
ARTICLE SYNOPSIS ...The formation of a bullish flag in Intel suggests higher prices for the chip manufacturer, and the analysis of the longer-term trend also supports this forecast....
ARTICLE SYNOPSIS ...Following an uptrend that started in January 2003, Toys R Us entered a narrow trading range. The formation of a Bollinger Band pattern known as the "squeeze" suggests that a sharp directional movement is likely to occur, and further analysis leads to the conclusion that the direction will probably be up....
ARTICLE SYNOPSIS ...Following a downtrend that lasted for six months, Delta Airlines found support at 2.5, a level that had already acted as support for this stock. Subsequently, prices rose very fast until they reached 4.35, after which a well-defined congestion pattern was formed. An upward breakout could be a highly profitable opportunity, but due to the extreme volatility of the stock, it should be played very carefully....
ARTICLE SYNOPSIS ...Hewlett Packard (HPQ) completed a head and shoulders pattern that forecasts lower prices for this hardware manufacturer. Prices had not fallen much before hitting an old support level. But other factors suggest this is only a temporary stop in a longer-term downtrend for HPQ....
ARTICLE SYNOPSIS ...After a prolonged uptrend the Dow Jones Steel Index formed a double top pattern. A trend reversal seems to be the most likely outcome, but how do you take advantage of this situation? By looking through the Index Components and choosing the one displaying the weakest behavior....
ARTICLE SYNOPSIS ...Bollinger Bands are highly flexible instruments and can be used in the forecasting of different aspects of market behavior....
ARTICLE SYNOPSIS ...The yen has displayed volatile behavior lately, leading to the formation of two consecutive island reversals. While the short-term forecast is bearish, the long-term uptrend should still be considered intact....
ARTICLE SYNOPSIS ...The formation of a cup with handle pattern indicates that the price of this oil-drilling pipes manufacturer will probably continue to rise....