Mark Putrino - Spark Newswire

1 minute read

BZ Chart Of The Day: Range Forming In The SPY

Today, 5:15 PM

Some traders love trading ranges. And the SPDR S&P 500 ETF Trust (NYSE: SPY) may be forming one. A stock is in a trading range when there is clear resistance at the top of the range and clears support at the bottom. Traders profit by selling close to the top and buying close to the bottom.

SPY

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BZ Chart Of The Day: Ominous Death Cross Forms On Meta’s Chart

By Mark Putrino

Today, 5:15 PM

Shares of Meta Platforms, Inc. (NASDAQ: FB) may soon be heading lower. A classic "death cross" has formed on the chart.

1 minute read

BZ Chart Of The Day: GameStop Crashes Into A Wall Of Sellers

By Mark Putrino

Today, 5:15 PM

In financial markets price levels that were previously support can convert into resistance. That’s why the GameStop Corp. (NYSE: GME) rebound may have halted. This conversion happens because of buyer’s remorse.

GME

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BZ Chart Of The Day: Will Naked Brands Rebound?

By Mark Putrino

Today, 5:15 PM

The selloff in Naked Brand Group Limited (NASDAQ: NAKD) may have ended and the stock has reached 50 cents. This level has been support in the past and there’s a chance it will become so again.

NAKD

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BZ Chart Of The Day: Bearish Pattern In Tesla’s Stock

By Mark Putrino

Today, 5:15 PM

A classic "descending triangle" pattern has formed on the chart of Tesla, Inc. (NASDAQ: TSLA). It has bearish implications and suggests shares may trade lower.

TSLA

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BZ Chart Of The Day: Dare Bioscience

By Mark Putrino

Today, 5:15 PM

If markets have memories, shares of Daré Bioscience, Inc. (NASDAQ: DARE) may be in trouble. The stock has run into a resistance level. Resistance is a large group of sellers offering their shares at or close to the same price. In this case, it’s $2.40.

DARE

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BZ Chart Of The Day: SPY Flirts With Important Level

By Mark Putrino

Today, 5:15 PM

It looks like the SPDR S&P 500 ETF Trust (NYSE: SPY) could make a big move soon. It has reached an important level and when this happens, a new trend typically forms. Traders consider support and resistance levels. They can profit when they can identify them.

SPY

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BZ Chart Of The Day: Is It Time To Sell Moderna?

By Mark Putrino

Today, 5:15 PM

Shares of Moderna, Inc. (NASDAQ: MRNA) may be in trouble. The stock has run into resistance around the $350 level. The last time this happened, a sell-off followed.

MRNA

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BZ Chart Of The Day: Ford Remains Stuck In Neutral

By Mark Putrino

Today, 5:15 PM

Long-term shareholders of Ford Motor Company (NYSE: F) haven’t had much to celebrate over the past three weeks. The stock has been stuck in a narrow range, but some traders have still been able to profit.

1 minute read

BZ Chart Of The Day: Where Will The Walmart Sell-Off End?

By Mark Putrino

Today, 5:15 PM

There’s an old saying on Wall Street that "gaps refill." If it’s true, there’s a good chance that the sell-off in Walmart Inc. (NYSE: WMT) is about to end.

WMT