In technical analysis, classic chart patterns have varying degrees of success in predicting where a stock is headed. Several studies have shown that certain patterns have historically been right 80% ...
Chart patterns can feel subjective, but some setups appear again and again — and deliver strong results when traded with discipline. In a recent webinar, John Rowland, CMT, shared the five chart ...
Cup and handles, head and shoulders, wedges, triangles, pennants, flags, and doubles tops, oh my! Unless you’re familiar with technical analysis, these may sound like a new line of decorative ...
Recognizing the emergence of a Head & Shoulders pattern in a price chart can assist investors in their trading decisions. This is a type of Technical Analysis. Investors may use a Head & Shoulders ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Shares of NRG Energy, Inc. (NYSE:NRG) came back a little on Wednesday, but they are still in a downtrend. We have made NRG our Stock of the Day. On the chart, a classic double-top pattern has formed, ...
It’s become known as a “meme” stock but you can call it whatever you want as long as you recognize the type of madness behind the trading of Bed, Bath and Beyond (NASDAQ NDAQ: BBBY). The markets tend ...