The stock ($TWTR) tested the declining 100-day moving average yesterday again, before reversing to the downside. This daily moving average line continues to be strong resistance as we have tested it every day since Wednesday but never
The stock has been consolidating sideways in a fairly narrow range within a rectangle pattern. The consolidation has been coiling in the 118 to 120 area this month. A move above 119.93 would indicate a break out of the small flag, with the potential to reach 121.06 and then 123.08.
Exelon Corporation (NYSE:EXC) after a big price and volume surge in December, the stock has gone sideways and consolidated in the 35-36.3 trading range. Yesterday, it closed just slightly below its the upper line of the consolidation range, which if broken could accelerate the price toward its August highs around the 37 area.
Shares of Exxon Mobil Corporation (NYSE:XOM) continue to consolidate above its major exponential moving averages, after failing to breakout above the critical resistance at 88.59 on Thursday. This key level is proving to be a strong resistance zone since September. A strong trend would not be in place unless the
During this afternoon I was scanning some charts and I stumbled upon NVIDIA Corporation
(NASDAQ:NVDA), whose stock has shown remarkable strength over the last 7 months. The stock made a new 52 week high on Wednesday at $95.25 and closed slightly below on Friday in a choppy session for stocks.
How many times have you wondered what might have been if you’d waited just a bit longer before selling a stock! You punch-in a sale and the price goes up another 5% within the day or you buy a stock when it’s on the rise but it begins to fall just as you get the ownership. Cursed your lack of patience, did you? Well don’t be too harsh yourself, it takes a while and some practice to develop “emotional intelligence”. Yes, Emotional Intelligence (EQ), as a buzzword, has been around for quite some time but the growth in it’s relevance in the investing parlance is relatively new.