The stock has broken previous support levels and should trade lower over the near term. GILD's chart formation indicates the stock is in a strong downward trend. Momentum, as measured by the 9-day RSI, is negative.
The stock has broken previous support levels and should trade lower over the near term. The stock has under-performed the market when compared to the S&P 500 over the last 50 trading days. Though the technical condition for TSLA is still weak, so if you are short this stock, hold position
The MACD-LT, an intermediate-term trend indicator, is bearish at this time. Over the last 50 trading sessions, there has been more volume on down days than on up days indicating that BABA is under distribution, which is a bearish condition.
10:00 am Tesla Motors displays relative weakness as it sinks below last week's lows along the $200/199 zone (TSLA) : Next area of support lies along multi-week lows along the 192/193 area.
WATCH for breakdown below 193.2
Target: 176.3, 10.6%
P/L ratio: 2.9 : 1 - Good
Advantage Oil & Gas’ latest pad, comprising of eight wells, produced at a combined 120 mmcf/d. Analyst Phung mentioned that the average well cost of the six Lower Montney wells was C$4.3 million, as compared to the estimate of C$5.1 million.
“Despite a drilling program with relatively few wells, we are impressed ...
The stock market is filled with patterns. The most common pattern is the right triangle pattern, which is a bearish pattern. Break below 212.20 would be extremely bearish for the $SPY. Break above $215.02 would be bullish. Watch these areas. cheers!
GOLD: The commodity looks to extend its weakness following its past week losses. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290.00 level. Below here if seen could ...