Is Bitcoin Stock Riot Blockchain About To Break Out?
An ascending triangle pattern has formed on the chart of Riot Blockchain, Inc. (NASDAQ: RIOT). It's a bullish pattern and it could mean shares are about to move higher.
An ETF For Hedging Inflation
There’s more proof that inflation is becoming a serious issue. It isn’t merely transitory as some suggest.
The Bureau of Economic Analysis said the price index for consumer spending, known as the PCE index, rose by 4.2% in the year ending in July. This is the highest pace since January 1991.
Classic Pattern Forms On The Chart Of US Steel Stock
A classic pattern has formed on the chart of United States Steel Corporation (NYSE: X). It has bearish implications and suggests the stock may be forming a new downtrend.
The SPY Chart Says The Trend Is Your Friend
“The trend is your friend” is an old saying on Wall Street. This means that when the market is trending higher, it’s likely to keep doing so. The first sign that an uptrend is about to end is the breaking of a trendline.
Is Apple About To Break Out Of A Rectangle Pattern?
Shares of Apple Inc. (NASDAQ: AAPL) may be on the verge of a big move higher. Since July 12, shares have been consolidating or trading sideways. This has formed a triangle pattern on the chart.
Why Ford Stock May Crash Into A Wall Of Sellers
In the stock market, certain price levels are more important than others. That’s the case with $13.40 for Ford Motor Company (NYSE: F).
Microsoft Stock Blasts Off To New All-Time Highs
After breaking the resistance at the $290 level, shares of Microsoft Corporation (NASDAQ: MSFT) have blasted off and are trading at new all-time highs.
The Level Is Clear For Naked Brands Stock
In financial markets, certain price levels are more important than others. These levels are called resistance or support.
At resistance levels, there is a large concentration of sellers. This is why rallies end when they reach them. At support levels the opposite is true. There is a large concentration of buyers. Sell-offs end when they reach support.
Is Alibaba Stock About To Rebound?
Shares of Alibaba Group Holding Ltd (NASDAQ: BABA) are extremely oversold. That means there’s a good chance they're about to stage some type of rebound.
After A False Breakout, Where Will Apple Find Support?
It looked like shares of Apple Inc. (NASDAQ: AAPL) were breaking out. There has been resistance around $149 and the stock traded higher, but it turned out to be a false breakout.