Market Blog Technical Analysis

Marinus Pharmaceuticals stock broke the ascending triangle formation last week

Marinus Pharmaceuticals Inc (NASDAQ:MRNS) after a big price and volume surge in January of this year, the stock has gone sideways and consolidated in the 1.19-1.50 trading range, forming an ascending triangle pattern. On Thursday, it finally broke the upper line of this bullish pattern on the heaviest volume in the last few weeks. This is a good sign for a continuation of the trend and I'm looking for a
Market Blog Technical Analysis

Major indexes with impressive performances

Antonio's perspective is back this weekend! The US stock market’s rally has been impressive since Donald Trump took Office, but there is no way to know if it will continue or not, after having hit some of the analyst goals given for the entire year. The major indexes are now up about 15 percent from November lows and for anyone who scooped up more speculative shares, such as small caps
Featured Market Blog

Antonio’s Perspective – GPRO Technical Analysis

GPRO:NASDAQ I have been following this particular stock for the last month, and notice that the long-term trend could be about to reverse. As everybody know, this is obviously the kind of stock that requires a lot of attention and has some risk given its industry, but on a trading basis and based on the high volume that we have witnessed in the last sessions the risk to reward looks
Market Blog Technical Analysis

Fitbit Stock: Antonio’s Perspective & Technical Analysis

Fitbit Inc (NYSE:FIT) finished the session Friday at the highest close since May on strong volume. The stock has been trying to close above the key resistance level at 16 a couple of times, but each attempt has been unsuccessful with the stock price each time retracing. However, and based on the volume of the last two sessions, the breakout seems to be round the corner and once it closes