Popular Stock Charts IN THE NEWS Analysis for AMGN, INCY, MU, ADSK, FISV

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Chart #1 Candlestick Pattern Analysis Explained

$AMGN

$AMGN formed a tight short-term Symmetrical Triangle before running up on strong momentum, instigated by Professional Traders setting up for High Frequency Trader action. $AMGN moved through technical resistance with ease.

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Chart #2 Candlestick Pattern Analysis Explained

$INCY

$INCY has been sideways for a year, but it is not showing a compression candlestick pattern to a potential Triangle Formation. Triangles tend to be continuation patterns much of the time.

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Chart #3 Candlestick Pattern Analysis Explained

$MU

$MU frequently is on Retail Guru recommendation lists. This triggers Professional Trader activity. MU action is often led by Professional Traders’ setups, and at times these trigger High Frequency Trader action ahead of market open.

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Chart #4 Candlestick Pattern Analysis Explained

$ADSK

$ADSK has a positive divergence pattern with MACD/TSV Indicators in the same charting window. This new combination indicator often leads price action as indicated on this chart.

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Chart #5 Candlestick Pattern Analysis Explained

$FISV

$FISV had a MACD/TSV divergence pattern prior to the retracement. The negative divergence has increased during the bounce.

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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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