Popular Stock Charts IN THE NEWS Analysis for IBM, KO, MCD, UTX, V

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Chart #1 Candlestick Pattern Analysis Explained

$IBM

$IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit-taking by Professional Traders, the stock price held above that resistance level.

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Chart #2 Candlestick Pattern Analysis Explained

$KO

$KO consolidated with a few whipsaw indecision days, but it is now building strength for potential upside action. $KO had a pre-earnings run setup by Professional Traders.

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Chart #3 Candlestick Pattern Analysis Explained

$MCD

$MCD turned and ran down at a strong previous all-time high. The action was on moderate volume. The bottom failed to complete, and a retest of the bottom support levels may develop.

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Chart #4 Candlestick Pattern Analysis Explained

$UTX

After a month of sideways action, $UTX broke to the upside to resume an uptrend. $UTX candlesticks lengthened just prior to the run up.

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Chart #5 Candlestick Pattern Analysis Explained

$V

$V gained momentum in January as it announced new displacement technology for 2020. The stock has a Professional Trader setup for triggering High Frequency Trader algorithms, which ran the stock up with momentum. Profit-taking quickly halted the run temporarily with a gap down. Smaller Funds VWAPs triggered on the Buy on the Dip, which created another 4 days of profit-taking.

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Martha Stokes CMT

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