Popular Stock Charts IN THE NEWS Analysis for AXP, WMT, UTX, XOM, CSCO, MCD

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Chart #1 Candlestick Pattern Analysis Explained

$AXP

$AXP has broken through the topping candlestick pattern formation support levels. The stock ran down to a lower support level, then bounced up. Current support is weak to moderate.

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Chart #2 Candlestick Pattern Analysis Explained

$WMT

Buy Side Institutions using Dark Pools have been intermittently selling off blocks of $WMT over the past year. Meanwhile, corporate Buybacks have buoyed price to maintain a higher high trend.

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Chart #3 Candlestick Pattern Analysis Explained

$UTX

Although many Dow 30 components had a severe sell-down in December 2018, most have not gone up further than the previous highs. $UTX is such a stock. It has now officially been range-bound for over a year, as it was range-bound before the December collapse.

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Chart #4 Candlestick Pattern Analysis Explained

$XOM

$XOM retested the lows of the current attempt to bottom, which is slightly above the previous lows of December 2018. The selling down was swift and steep, resulting in a bounce up which was on weaker Volume.

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Chart #5 Candlestick Pattern Analysis Explained

$CSCO

The increase in Dark Pool Quiet Rotation™ as Buy Side Institutions lower inventories of $CSCO shares has weighed heavily on the stock price in the past few weeks. This does not bode well for the $CSCO earnings report.

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Chart #6 Candlestick Pattern Analysis Explained

$MCD

After running up due to corporation Buybacks, $MCD has failed to hold those new highs as heavier than normal Dark Pool Quiet Rotation™ to lower inventory of shares continues. The stock is now stepping down in a short-term topping formation.

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Trade Wisely,

Martha Stokes CMT

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

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