Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Rising Wedge

Pattern Description:

A rising wedge which is a reversal pattern, is formed by higher highs and higher lows. It is a bearish formation and requires a prior upward trend from which to make a reversal.
Rising Wedge

Featured Video

Trading with MACD on MetaStock

This video is a brief tutorial about what the Moving Average Convergence Divergence (MACD) is and how to use in in MetaStock Software. The presentation is given by Kevin Nelson a former employee of MetaStock who now heads up his own training firm called BreakAway training.

Featured Article

Things to watch out for when trading

I decided to write this post after reading so much of the anger in some of those trading forums, after some traders lose a significant portion of their wealth on the markets. Here are some methods that I SUSPECT, but cannot PROVE, what some brokers and some vendors use to earn your money. FOREX 1) Offer you way too much leverage than you need. Some brokers off 200x leverage for forex and allow you to set up an account for $100? While a low minimum deposit is always welcome, the high leverage is...

Technical Review

A Death Cross for Carnival Corp.

2024-04-20 by Tim Straiton

Carnival Corp. was the second best performer in the S&P 500 after Nvidia in July 2023, however the company seems to be cruising into darker waters right now. The stock is currently running into oversold territory with the 14 day relative strength index at 32%.

Rising trendline support comes in at 13.18. A death cross  formation has been established with the 200 day moving average now trending downward. It would probably be worth using any upside correction to liquidate long positions. Holders of this stock should be aware that a break of $13 would put focus on the $11 area.


Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

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