Alamos Gold has rallied sharply in the last 16 months, and some traders may see potential for further upside.
The first pattern on today’s chart is the series of lower highs between mid-April and mid-May. The gold miner cleared that falling trendline about three weeks ago and has been grinding higher since. Such price action could suggest old resistance has been...
MercadoLibre rallied to new highs last month, and some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the $2,374.54 level. MELI first touched that price on February 21 after reporting strong earnings. The stock gapped above the level in May on another strong quarterly report and has now retested it. Will the old...
Broadcom is pulling back after reporting quarterly results, and potential buyers may be waiting.
The first pattern on today’s chart is the price zone between the late-May weekly low of $221.60 and the February high of $237.93. This may be an initial area where traders look for support.
Second, the 21-day exponential moving average (EMA) is approaching from...
JD.com has languished for a couple of months, but some traders may think the Chinese e-commerce stock has bottomed.
The first pattern on today’s chart is the April low of $31.80. JD closed below the level once in May but quickly rebounded. That could be interpreted as a false breakdown.
Second, MACD made a higher low as prices made a lower low . Such “bullish...
Shopify has been trapped in a tight range, but now the e-commerce stock may be breaking out.
The first pattern on today’s chart is the falling trendline since May 14 (based on closing prices). SHOP ended Friday above it, which may draw fence-sitters from the sidelines.
Second is the April high of $101.45. Prices tested below that level on May 23 but held. Has...
Delta Air Lines has squeezed into a tight range, and some traders may think it’s breaking out.
The first pattern on today’s chart is the series of lower highs since May 13. DAL closed above that falling trend line last Friday, which could mean the resistance has been overcome.
The move resulted in a bullish outside week, immediately after a bullish inside week....
JPMorgan Chase has been consolidating for weeks, and some traders may expect resolution to the upside.
The first pattern on today’s chart is the gap on May 12 after Treasury Secretary Scott Bessent signaled progress in trade talks with China. The news pushed JPM above $263, and the stock has chopped on either side of that level since.
In the process, Bollinger...
Target has sputtered as the broader market recovers, and some traders may think the retailer has further downside risk.
The first pattern on today’s chart is the steady decline between early February and early April. TGT tried to stabilize after the move but barely rebounded. It also failed to hold the rally on May 12 after Treasury Secretary Scott Bessent cut...
Biotechnology stocks have struggled this year along with the broader health-care sector, but some traders may think a bullish turn has begun.
The first pattern on today’s chart of the Nasdaq Biotechnology Index is the series of lower highs since early April. NBI closed above that falling trendline yesterday, which may signal a change of direction.
Second, you...
Occidental Petroleum has staggered since tariffs were announced in early April, and some traders may expect the energy driller to continue lower.
The first pattern on today’s chart is the March 5 low of $44.70. The tariff news drove OXY through that support to a three-year low. It then rebounded but stalled at the previous low. Has old support become new...
TJX fell sharply after its latest earnings report, and some traders may see more downside risk.
The first pattern on today’s chart is the drop on May 21 after backward-looking results beat estimates, but forward-looking guidance disappointed. Also notice the action on February 26, when an initial pop faded. Those reactions contrast with many post-earnings...
Crude oil futures have teetered for weeks, and the bears may be getting ready to pounce.
The first pattern on today’s chart is the sharp drop in early April after President Trump announced higher-than-expected tariffs. CL1! quickly broke the 65.27 level where it bounced in September and early March. Prices have stayed there since, which may reflect a lack of...
Lam Research rallied sharply in late April and early May. Now, after a period of consolidation, some traders may expect a breakout.
The first pattern on today’s chart is the bullish price gap on May 12 after Treasury Secretary Scott Bessent lowered tariffs on China. LRCX spent the next two weeks in a range between $79.78 and $86.04, while holding above its March...
International Business Machines is the top-performing member of the Dow Jones Industrial Average this year, and some traders may think it will keep climbing.
The first pattern on today’s chart is the push above $269 last week. The IT company pulled back after hitting that record peak, but found support at its rising 21-day exponential moving average (EMA).
It...
DoorDash has been consolidating for months, and now some traders may look for more upside.
The first pattern on today’s chart is March’s low, April’s lower low and May’s higher low. That rounded basing pattern is a potentially bullish continuation pattern.
Second, DASH got stuck at a falling trendline last month but now seems to be free of it.
Third, the...
Expedia started rallying last summer, but now some traders may think the travel stock is turning lower.
The first pattern on today’s chart is the drop between late February and early April. EXPE retraced about half that decline by early May before stalling. It also hit potential resistance at the March 28 weekly closing price of $168.10. Those points may confirm...
Las Vegas Sands bounced sharply in recent weeks, but some traders may think its longer-term downtrend will resume.
The first pattern on today’s chart is the decline from mid-December through early April. The casino stock retraced half that move before stalling. It also seems to be hitting resistance at a weekly close from March 21.
Second, the 50-day simple...
The S&P 500 hit a new all-time high in February. However, by one measure it’s been in a bear market all century.
Today’s monthly chart shows SP:SPX as a ratio against gold. Using this comparison, equities have underperformed since Bill Clinton was still President in August 2000.
It illustrates how stocks languished in the 1970s, before starting an 18-year run...
