iShares MSCI Netherlands Invstbl Mkt Idx (EWN:NYSEArca) is getting ready for it’s next bullish breakout. Check out the monthly candle chart. A confirmed breakout would give a target of 29.25. The 5 year weekly candle chart shows the hard test of the breakout line at 26.50. Zoom in on the 1 year daily candle chart. […]
Exception to establishing targets based purely on classical charting principles, “WALLS”! I’ve been talking about “WALLS” in some previous posts, and thought it is time to give this important concept a full blog entry. Enter US Dollar/Singapore Dollar to demonstrate on the monthly candle 10 year chart. Here is a first analysis I did with the […]
DIRECTV (DTV:NASDAQ) has been consolidating for the past year and is testing the breakout line at 90. Check out the monthly candle chart. The 5 year weekly chart is more of the same. Last weeks candle actual broke the 90 mark. Zoom in on the 1 year daily candle chart. DTV has been consolidating in […]
McDonald’s Corp. (MCD:NYSE) is ready to get super sized. Check out the 10 year monthly candle chart. After a breakout in late 2009 and a reached target less than 1 year later, another consolidation/continuation “ascending triangle” classical chart formation is in progress. The breakout line is set at 102. The 5 year monthly candle chart shows […]
EMC Corporation (EMC:NYSE) is currently tracing out a BIG +3 year a bullish continuation “ascending triangle” classical chart pattern. Check out the 10 year monthly candle chart. The 5 year weekly candle chart shows the bounce of the ascending lower boundary trend line. A break below that invalidates the current pattern. Morphing will occur and […]
I used my way-back machine to September 2008 and saw how I would of played IBM (IBM:NYSE). Here is the monthly candle chart with arrows indicating a previous target reached after a bullish breakout from a BIG +5 year base. A small top formation also has been forming for the past +4 months. An ascending […]
The Coca-Cola Company (KO:NYSE) isn’t KO’d yet, but the charts are showing some bearish reversal/top patterns. Check out the 10 year monthly candle chart. There is a HUGE 7 year “rising wedge” classical chart pattern in the works. The 5 year weekly candle chart showing the price testing the ascending lower boundary trend line. I […]
Philip Morris International, Inc. (PM:NYSE) has been consolidating for the past +3 years. There are presently 2 possible scenarios, one bullish and the other bearish! Check out the monthly candle chart. I have arrows for the next possible moves depending on which breakout line is breached. Here is the 5 year weekly candle chart. The […]
Bank of America Corp. (BAC:NYSE) has hit it’s breakout line and might try another run soon enough. Check out the 10 year monthly candle chart. That is one BIG +6 years ascending triangle in progress (a usually classical chart bullish continuation pattern). The 5 year weekly candle chart shows the two most recent test of the breakout […]
The Goldman Sachs Group (GS:NYSE) is on the brink of a BIG bullish move. Check out the 10 year monthly candle chart. A +6 year ascending triangle classical chart pattern in progress. Some shorter term consolidation pattern on the breakout line of 200. I believe these smaller chart pattern sharing a breakout line with a bigger […]
