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Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of juice.
The main pattern on today’s chart is the price area around $939. It was the opening price on May 5 before TSLA knifed under its 200-day moving average and proceeded toward $600. Price touched that level on August 4 without closing above it. The same thing happened on Tuesday, resulting in a potential double-top at a previous breakdown level.
Next, there’s …
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Money is flowing back into stocks as investors hope for a better inflation report this week. The S&P 500 rose 1.9 percent between Friday, May 3, and Friday, May 10. It was the third straight positive week. More than four-fifths of the index's members advanced,...
Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support. The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to...
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