Stocks suffered a sell off with tech leading the way lower. However, we we on the right side of the trend by being bearish. Since the 3 major indexes were below their declining 5 min 20 MA and 50 MA, it was right to be bearish in the short term time frame until the trend changes.
Lets take a look at what the charts are telling us.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Nov 26, 21 08:04 AM
A technical outlook of NVDA's stock price. Is the stock in an uptrend or downtrend, where is support and resistance?
Nov 26, 21 07:17 AM
Are the markets going to continue to move higher? Is it in an uptrend or downtrend and where are the support and resistance?
Nov 24, 21 05:47 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Nov 24, 21 05:33 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.
Nov 24, 21 05:25 AM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.