Stock Market Technical Indicators & Analysis
Even as many stocks are weakening many stocks hit ATHs (all-time-highs) on Tuesday and these 2 had a GLB (green line break-out) into new high ground after consolidating for at least 3 months. Note the above average volume. Each reported earnings on Tuesday. They are worth investigating. A close below the green line would be a failed GLB and reason to exit. Note the black dots showing oversold bounces.
Here are their monthly charts.
There are a lot more spikes in volume on down days (red), not what I would like to see. A lot of news yet to come this week.
These stocks reached an ATH recently and have had an oversold bounce, indicated by a black dot. They are sorted by close/lowest price past year. Interesting, NVDA is at the top. If I buy any OSB, I place an immediate stop below the bounce. Note the earnings dates. Holding through earnings has been treacherous lately, see QCOM and SDGR.
My OSB setup worked recently for AMPH.
