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
Market Blog Technical Analysis

Antonio’s Perspective: Exxon Mobil Corporation is consolidating after failing to Breakout Higher

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 (more…)