ARTICLE SYNOPSIS...Amgen surged on big volume but stalled at resistance, and bullish consolidation formed on the intraday chart. The next few days are critical.
ARTICLE SYNOPSIS...Despite an impressive surge over the last two weeks, Bank of America remains in a downtrend overall with resistance close at hand.
ARTICLE SYNOPSIS...The index has reach its historical resistance, which has till now restricted the upward path. The index is still too weak to violate the stronger resistance.
ARTICLE SYNOPSIS...The support that kept copper high in the spring threatens to become resistance in summer.
ARTICLE SYNOPSIS...Transocean (RIG), a world leader in offshore drilling, broke major resistance in January and the current pullback looks like a classic throwback.
ARTICLE SYNOPSIS...Despite a sharp decline over the last two months, the decline in Rowan Cos. looks like a normal correction.
ARTICLE SYNOPSIS...Whether as support or resistance, trendlines can play more than one role in bull markets.