Types of Channels Horizontal Ascending Descending They don’t have to be symmetrical You want to enter when the stock breaks the channel marker (either up or down) You want to wait for volume confirmation The longer the stock stays in a channel, the healthier it is #stockmarket #chartpattern #technicalanalysis #stockchannels #marketchannels Posted at: https://tradersfly.com/blog/stock-market-chart-patterns-channels/ ?
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While I could get into a complicated argument about Greenidge Generation (NASDAQ:GREE), I think my colleague Alex Sirois said it best and said it succinctly: “There is now no reason to be invested” in GREE stock following the underlying company’s merger with Support.com in mid-September. Source: Shutterstock Since the mid-September merger, Greenidge shares have done
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SmileDirectClub (NASDAQ:SDC) is all about straightening teeth using a telehealth approach by selling its teeth aligners directly online. But after looking at the company’s lousy Q2 earnings release, there wasn’t much to smile about. In effect, SDC stock will likely tread water until SmileDirectClub becomes profitable. Source: Thamyris Salgueiro / Shutterstock.com This is nothing new
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Microsoft Corp. (MSFT), one of the world’s biggest tech companies, sells personal computing devices, cloud systems and services, software, and other products. With products geared toward both consumers and businesses, Microsoft competes in a broad range of industries against companies including Apple Inc. (AAPL), Amazon.com Inc. (AMZN), International Business Machines Corp. (IBM), and Oracle Corp.
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nThe search for the holy grail of lithium battery design is going remarkably well for QuantumScape (NYSE:QS), though QS stock hasn’t made any significant moves as a result. Source: Michael Vi / Shutterstock.com Its recently-released investor presentation showed promising results in its solid-state battery technology. QuantumScape is currently the front-runner in commercializing solid-state batteries and is
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David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit.  Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking
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Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – The electric truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the recently announced sale of Lordstown’s Ohio plant to Foxconn values the plant at less than a fifth of prior estimates. Lordstown tumbled
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IronNet (NYSE:IRNT) stock has dropped dramatically since its merger with LGL Systems Acquisition Corp closed. . However, the drop did not occur because investors disliked the deal between the companies.  Source: Shutterstock In fact, IRNT stock steadily climbed in the days following the Aug. 27 merger.  And then, somewhat strangely, the stock actually fell a
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