Over the past few weeks a head and shoulders pattern has been forming on Lennar’s stock. This stock has been enjoying a nice rally off of its lows, albeit in a weaker uptrend due to the continued weakness in the homebuilder industry. With Toll Brothers disclosing their weaker than expected earnings yesterday, this stock is [...]
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Filed under: Technical Research, Time To Sell
Looking at historic price and volume trends, we see a pattern beginning to emerge on the shares of PDLI. In early December shares were under heavy selling pressure as shareholders exited — and short sellers entered — their positions. As short interest continued to climb throughout the month of December, short sellers had trouble covering [...]
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Filed under: Technical Research
Below you will find a chart of QI, the German memory chip maker. The recent downward momentum has been shortened in the downtrend, and I’m looking for buyers to find support around $15 – the price where the last downtrend was broken. If the share price holds above the $15 price level, look for an [...]
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Filed under: Technical Research
Let’s take a look at this symmetrical triangle forming on APA. We can see that the stock is consistently making higher lows, resulting in a strong uptrend as buyers chase a diminishing supply of stock. We can learn from past trends that a consolidation will take place prior to an extended period of buying or [...]
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Filed under: Technical Research