US Tech 100 Index approaching important 12063.4004 price line
US Tech 100 Index is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again […]
US Tech 100 Index – resistance line breached
US Tech 100 Index has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a […]
Meta Platforms, Inc. – Class A Common Stock – getting close to resistance of a Rectangle
Meta Platforms, Inc. – Class A Common Stock is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 42 days and may test […]
Possible breach of resistance level by AbbVie
AbbVie is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AbbVie continues in its current trajectory, we could see it […]
US SPX 500 Index – getting close to support of a Channel Up
US SPX 500 Index is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 20 hours and may test it again within the […]
US Wall Street 30 Index – psychological price line breached
US Wall Street 30 Index has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 26 days and suggests a possible target level to be around 31693.9102 […]
Possibility of big movement expected on Coca-Cola Co.
Coca-Cola Co. has broken through a resistance line of a Pennant and suggests a possible movement to 64.9445 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
US Small Cap 2000 Index broke through important 1945.7100 price line
US Small Cap 2000 Index has broken through a resistance line. It has touched this line numerous times in the last 17 days. This breakout shows a potential move to 1993.3420 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the […]
US Wall Street 30 Index – getting close to support of a Falling Wedge
US Wall Street 30 Index is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within […]
Huge bearish move on Biogen Idec Inc
Biogen Idec Inc has moved lower by 6.6% from 221.52 to 207.71 in the last 8 days.