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Is Tesla Stalling Below a Key Level? Chart Watchers May See Bearish Patterns

Is Tesla Stalling Below a Key Level? Chart Watchers May See Bearish Patterns

Tesla hasn't hit a new 52-week high since January 25. It bounced feebly this month, and now the price action is looking more problematic. First, notice how the April 14 high closely matched the January 29 low. Old support could be new resistance. Second, TSLA has made...

Ethereum Breaks Out to New Highs, Leaving Rivals Like Bitcoin in the Dust

Ethereum Breaks Out to New Highs, Leaving Rivals Like Bitcoin in the Dust

Ethereum's hitting new highs today, becoming the first major cryptocurrency to break out after a two-week pullback in the space. ETHUSD touched $2,683 today, $37 above its peak on April 22. Meanwhile Bitcoin (BTCUSD) remained about 15 percent below its record high in...

The Fed Meets This Week as Business Roars Back from the Coronavirus Pandemic

The Fed Meets This Week as Business Roars Back from the Coronavirus Pandemic

The economy is roaring back to life, just in time for the Federal Reserve to keep interest rates low. No major change in policy is expected from the central bank on Wednesday. Fed Chairman Jerome Powell has repeatedly said inflation needs to go solidly above 2 percent...

Chart Study: Do You Know This Chipmaker Getting Close to Record Highs?

Chart Study: Do You Know This Chipmaker Getting Close to Record Highs?

Micron Technology (MU) has stalled after a big rally. Is it time to buy the dip? The first pattern on the memory-chip maker's chart is the oversold condition on stochastics. Given its current uptrend, strong fundamentals and positive macro backdrop (GDP +6%), that...

Nio Could Be Attempting a Breakout Before Earnings Next Week: Chart Study

Nio Could Be Attempting a Breakout Before Earnings Next Week: Chart Study

Nio was one of the top stocks in 2020, making even Tesla look like a savings bond. It’s pulled back hard and is now stabilizing with earnings around the corner. The biggest pattern is the 200-day moving average. Interestingly, TSLA bounced at this exact same line...

The Federal Reserve Meets Next Week. Is a Squeeze Coming in Silver Prices?

The Federal Reserve Meets Next Week. Is a Squeeze Coming in Silver Prices?

Silver made a violent move last summer when it broke a six-year resistance level. Prices have consolidated since but now the bulls may be returning. Notice how XAGUSD probed and held its 200-day moving average in late March and the first half of April. This was the...

No One Seems to Be Selling Ethereum, According to This Chart

No One Seems to Be Selling Ethereum, According to This Chart

Ethereum had a mini-crash over the weekend along with other cryptos, but there's been very little follow through to the downside. The first thing jumping off the ETHUSD chart is the low just below $2,000 on Saturday night. Prices held that level and have been working...