Apple is trading in a rising channel pattern on the daily chart, making higher highs and higher lows. The pattern is considered to be bullish until a stock breaks down from the lower trend line on ...
Bank of America Corp. (NYSE:BAC) was trading slightly higher in the premarket on Wednesday after a slightly bullish day on Tuesday caused the stock to close 1.28% higher. The stock has recently been ...
The dollar is weakening and on the cusp of breaking down from the channel pattern it has traded in since 2008, signaling the start of a new secular bear market. Back in April, the U.S. Dollar Index ...
Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and ...
The descending channel pattern represents a short-term downtrend where price moves between parallel downward-sloping support and resistance levels. A decisive breakout above the upper boundary signals ...