Popular Stock Charts IN THE NEWS Analysis for WDC, BBY, DIS, IBM

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Chart #1 Candlestick Pattern Analysis Explained

$WDC

$WDC ran speculatively out of a retest of its recent short-term bottom. A gap series formed, with an Exhaustion Gap below resistance from the failed attempt to complete the bottom.

TC2000.com chart with thanks.

 

Chart #2 Candlestick Pattern Analysis Explained

$BBY

$BBY gapped up on earnings news last quarter, then failed to complete its intermediate-term bottom. It did find support at the gap low, but now faces the challenge of resistance above the current price.

TC2000.com chart with thanks.

 

Chart #3 Candlestick Pattern Analysis Explained

$DIS

$DIS has a classic compression pattern as it works to overcome the extreme high, after a High Frequency Trader huge gap up. It was followed by Smaller Funds Volume Weighted Average Price automated orders, and ran up to an Exhaustion Dark Cloud Candlestick Pattern.

TC2000.com chart with thanks.

 

Chart #4 Candlestick Pattern Analysis Explained

$IBM

$IBM has been trending sideways, and recently filled the gap up from 4th quarter earnings in 2018. IBM has formed an intralevel short-term bottom, which is at a short-term completion level.

TC2000.com chart with thanks.

 

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Martha Stokes CMT

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TechniTrader technical analysis using TC2000 charts, courtesy of Worden Bros.

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