Zscaler recently climbed to a three-year high, and now it’s pulled back.
The first pattern on today’s chart is the May 30 gap after earnings and revenue beat estimates. That may reflect positive fundamentals.
Second, the cybersecurity stock has retraced half the move following results. Stabilizing here may confirm direction is pointing higher.
Third, prices are...
Alibaba began 2025 with a big rally. Now, after a long pullback, some traders may see further upside in the Chinese tech giant.
The first pattern on today’s chart is the pair of higher lows (marked with white arrows) along the rising 200-day simple moving average. Those may reflect the development of a longer-term uptrend.
Second, BABA peaked above $148 in...
Snowflake jumped to a new 52-week high last week, and now it’s pulled back.
The first pattern on today’s chart is the pair of price jumps after the last two quarterly reports. Those may reflect bullish sentiment in the software company.
Second is the June 13 weekly close of $208.18. SNOW appears to be stabilizing after revisiting that level, which may suggest...
Best Buy fell sharply on “Liberation Day.” Now, after a modest rebound, some traders may see further downside risk.
The first pattern on today’s chart is July 10’s peak of $74.75. That was below the June high, which in turn was under May’s high. Such a succession of lower highs could indicate a bearish trend.
The potential topping behavior is also happening...
The Russell 2000 has lagged the broader market for years, and now some traders may think it’s stalling again.
The first pattern on today’s chart is the February 14 weekly close of 2,280. The small cap index approached that level last Thursday but couldn’t hold. The resulting “shooting star” candlestick pattern, near a weekly level, may confirm that old resistance...
Pfizer has limped higher since April, but some traders may think the pharmaceutical giant is at risk of stalling.
The first pattern on today’s chart is the series of lower highs since January. PFE potentially just made another lower high at this falling trendline, which may suggest resistance is taking effect.
Second, the peak is occurring near the 200-day...
Verizon Communications has been rangebound for more than a year, and now some traders could think it’s rolling over.
The first pattern on today’s chart is the May 2022 low of $45.55. VZ fell below that level in late 2022 and rebounded to it by mid-2024. The stock has been stuck below the same level since, including a rejection in March. Has old support become new...
Costco Wholesale has been quietly limping, and some traders may see downside risk in the big-box retailer.
The first pattern on today’s chart is the June low of $973.90. COST made lower highs while trying to hold that level but is now sliding below it. That may be viewed as a potentially bearish triangle breakdown.
Second, the 8-day exponential moving average...
Silver broke out a month ago, and some traders may think the metal is ready to run.
The first pattern on today’s chart is last Friday’s last price of 36.93. It was the highest weekly close in 14 years, which may reflect buying pressure.
Second, XAGUSD has made higher lows while remaining trapped below resistance. That ascending triangle is a potentially bullish...
Wheaton Precious Metals has consolidated for more than a month, and some traders may think it’s poised to continue higher.
The first pattern on today’s chart is the April 21 high of $87.42. The silver company stayed below that level through June 2. It then shot above it and held the same price over the following month. That could suggest old resistance has become...
Zillow has been in a tight range for months, but now it may be coming to life.
The first pattern on today’s chart is the April 2 close of $71.29. Z closed above it last week and is extending the move, which may confirm a breakout.
Second, prices pushed above the rising 200-day simple moving average. That may reflect a bullish long-term trend in the housing tech...
Mastercard fell hard in June on the threat of stablecoin competition. Now, after a rebound, some traders may expect another push to the downside.
The first pattern on today’s chart is the selloff that began on June 13 when the Wall Street Journal reported that major retailers were considering stablecoins as an alternative to credit-card payment systems. Another...
Arm Holdings rallied sharply last month, and now the AI chip stock has pulled back.
The first pattern on today’s chart is the advance from May 30 through June 30. ARM retraced half that move and is trying to bounce, which may confirm its upward direction.
Second, prices have retested their rising 21-day exponential moving average (EMA). The 8-day EMA is also...
Keysight Technologies has been stuck in a range, but some traders may think a breakout is coming.
The first pattern on today’s chart is the $165.89 level. It was the intraday high on February 26 as the broader market began a slide to the downside. The technology stock stalled near the same level in late May, even after a strong quarterly report.
KEYS ended...
Financials could be attempting a breakout, two weeks before the sector kicks off earnings season.
The first pattern on today’s chart of the SPDR Select Sector Financial ETF is the price level around $52. XLF stalled at that zone in February after peaking about 1 percent below it in November. February 28’s final price of $52.18 could be especially important...
Valero Energy spent more than a year in a downtrend, but some traders may think conditions have changed.
The first pattern on today’s chart is the series of lower highs between April 2024 and May 2025. VLO pushed above that falling trendline last month and has remained there since. That may suggest its longer-term direction is turning higher.
Second is the price...
Monster Beverage broke out to a new all-time high in May, and now it’s pulled back.
The first pattern on today’s chart is the March 2024 high of $61.23. The maker of energy drinks hesitated at that level in early May but pulled back to hold it last week. Has old resistance become new support?
Second, MNST is trying to stabilize at its rising 50-day simple moving...
ServiceNow has been resting for months, and now some traders may think the software company is ready to move again.
The first pattern on today’s chart is the price area around $960. It was the peak in late April and the low early last month. NOW pulled back to hold that level yesterday and bounced.
Second, the 50-day simple moving average swung up to visit the...
