The Dow really had a big selloff yesterday only to form a 60 min bottoming tail near the daily 50 MA support. On the daily charts, the Dow and SPX is still in consolidation mode. While most of the exciting action happened in shorter time frames, the daily charts tell us the bulls and bear are still equal in the Dow and SPX. For tech stocks and the Nasdaq Composite, things are different. They are in a bull mode and look set to go higher no matter what the Dow and SPX does.
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.