Popular Stock Charts IN THE NEWS Analysis for TSLA, MU, ALGN, PEP

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Chart #1 Candlestick Pattern Analysis Explained

$TSLA

$TSLA chart is in a retest of the prior short-term lows that may develop into an intermediate-term bottom if the support of the low holds. With October the most common month for a Stock Market crash, low support levels become a critical factor for this stock.

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Chart #2 Candlestick Pattern Analysis Explained

$MU

$MU is in a Trading Range pattern at this time. The compression of that candlestick pattern in August is showing signs of heavier Dark Pool Quiet Rotation™. The large lot long-term investors are slowly lowering inventories on $MU over many weeks, and this increases downside pressure.

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Chart #3 Candlestick Pattern Analysis Explained

$ALGN

$ALGN gapped down at the end of July on weak earnings news. It has now collapsed to a strong long-term support level. The final capitulation by Smaller Funds managers has ended. The consistency of the candlestick pattern with closely aligned lows and an early Shift of Sentiment™ pattern on the Balance of Power Indicator reveal some Dark Pool Quiet Rotation™ at this level.

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Chart #4 Candlestick Pattern Analysis Explained

$PEP

$PEP has breached the resistance highs to move slightly up to a new all-time high. $PEP is one of the few Index Components that has a new high at the end of August. $PEP must now hold on to these gains and not slip back down into the Trading Range. Early September price action will define whether this breakout holds.

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

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