Category: Technical Analysis

Twitter Inc, Short-term bullish consolidation.

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

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Globalstar: At the start of a New Impulse Higher

Globalstar, Inc. (NYSEMKT:GSAT), after a big price-volume surge in mid-December, pulled back a little this month, creating a falling wedge formation. The upper-line of that pattern was broken Monday on volume expansion.

This was a very good sign for a continuation of the trend, and I am looking for a retest of the recent highs around the 2.20 area.

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Trinity Industries Inc (NYSE:TRN) Setting up nicely for new highs

Trinity Industries Inc (NYSE:TRN) has been nicely consolidating in a flag pattern for the past 6 weeks and now is moving toward the top of that consolidation area. If the upper line of this flag formation is broken in the next

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Apple Inc. (NASDAQ:AAPL) Potential Bullish Consolidation Pattern

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.

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Exelon Corporation – Bullish consolidation

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.

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Add OCLR To Your Watchlist For Next Week: Antonio

Oclaro, Inc. (NASDAQ:OCLR) has been in a clear uptrend since early July, supported by the rising 100-day EMA. On Friday, it had a nice move on the upside, closing above all major EMAs on heavy volume. Considering the strong momentum over the past week, I think that the 10 dollars range will be tested in coming sessions.

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Apple Stock Broke and Closed the Week Above the Key Resistance Level

Antonio’s Perspective for the week

Apple Inc.(NASDAQ:AAPL) closed higher on Friday, reconfirming the new uptrend after the recent break above the major resistance level on decent volume.

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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

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Antonio’s Perspective: Was NVDA Overbought?

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.

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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 above the 16 level, you could possibly get into the stock, with a stop loss of around 15.45 and look for targets of closer of 18 over the next weeks.
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