Market Blog Technical Analysis

Antonio’s Analysis: This stock could see more gains ahead

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) caught my eye last week when price broke the $7 resistance area with a strong momentum impulse. Price seems to be forming now a potential bullish "flag" consolidation formation. If this pattern materializes, the next move should be to the upside, because prices generally exit "flags" moving in the same direction they were moving when they entered them. (more…)
Market Blog Technical Analysis

3 stocks to watch this week

Advanced Micro Devices, Inc. (NASDAQ:AMD) As expected, the stock broke the downtrend line on daily chart confirmed by Fridays candle on volume above average. Price had been in consolidation for nearly five weeks after a fantastic performance in February. Friday's move initiated new momentum, which will probably test the 52-week high in the 15.55 area. My long term bias remains bullish. MacroGenics Inc (NASDAQ:MGNX) price needs to break the large
Market Blog Technical Analysis

Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is in neutral territory but the long term bias remains bullish

Antonio's perspective for AMD Stock has been pulling back since hitting a 52-week high of $15.55 on February 28. Short term traders should watch the downtrend line on chart above around the $14.20 level. Only a break and close above this zone (14.2/25) would lead to reversal higher into 15 level. On the downside, the daily chart is showing good support around the $13.50 area, but a decisive fall below
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