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Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner.
The first pattern on today’s chart is the dive toward $212 on August 18. It was the lowest level in more than two months, but TSLA gapped back to the upside a day later. The result is a potential “abandoned baby” candlestick.
Second …
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Downloads are available here. TradeStation’s ideas on TradingView are available here. Check out our next “State of the Market,” on Monday, 1/16. Sizing Up the S&P 500 S&P 500 falls the most since 8/5, hits low of month Prices under 8-, 21-day EMAs, 50-day MA...
Merck has struggled for most of the year, and now some traders may look for another push to the downside. The first pattern on today’s chart is the series of higher lows from mid-November through early last week. MRK has dropped below that line, which may be viewed as...
Stocks are falling as traders brace for fewer rate cuts from the Federal Reserve. The S&P 500 slid 0.6 percent between Friday, December 6, and Friday, December 13. It was the first negative week in the last four. More than three-quarters of the index's members...