Three Weeks Tight: Reading Clustered Weekly Closes
A growth stock clears a base at 54.80, runs for six weeks, and then the weekly chart goes quiet. Three Friday closes land at 61.20, 61.65 and 61.05. On the…
A growth stock clears a base at 54.80, runs for six weeks, and then the weekly chart goes quiet. Three Friday closes land at 61.20, 61.65 and 61.05. On the…
A stock clears its base, a trader enters at 100.00, and three sessions later the price is sitting at 95.40. The breakout volume has faded. Nothing on the chart says…
By mid-February 2020, Zoom Video Communications had spent almost a year grinding sideways after its IPO pop, and then it stopped grinding. On 18 February 2020 the stock closed at…
VRSN's back on traders' screens this week, popping onto Yahoo's gainers list after VeriSign's 23 July quarterly report and a raised full-year outlook. That's a fair excuse to pull the…
A stock posts a clean earnings beat, raises guidance, and the tape barely moves. It sits four percent under its 52-week high and drifts sideways for three weeks while the…
TSLA is back on traders' screens, so the chart worth pulling up is the one from late 2019, well before today's tape. On 7 November 2019, Tesla tagged the 22.72…
Two stocks break out to a new 52-week high on the same morning. Same chart pattern, same volume surge, same clean handle. Six weeks later one has added 40 percent…
The CANSLIM trading system is William O'Neil's seven-part screen for catching a growth stock before its biggest advance, and the acronym names the seven tests in order: C for current…
The practical case for studying Gil Morales and Chris Kacher is not the headline return figures their accounts reportedly produced during the late 1990s. Those numbers come from one of…