Stoploss.ch

Stoploss.ch

Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Descending triangle

Pattern Description:

The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern and indicates distribution. Once the horizontal line has been broken, the downside target should correspond to the height of the triangle, projected below the horizontal support line. While this pattern is in the process of formation, volume tends to be low but rises substantially on a break of the support line.
Descending triangle

Featured Video

Trading with MACD on MetaStock

This video is a brief tutorial about what the Moving Average Convergence Divergence (MACD) is and how to use in in MetaStock Software. The presentation is given by Kevin Nelson a former employee of MetaStock who now heads up his own training firm called BreakAway training.

Featured Article

How to Take a Loss

by Brett N. Steenbarger, Ph.D.
There are quite a few books written on how to make money in the market. Some of them are even written by people who have made money as traders! What you don’t see often, however, are books or articles written on how to lose money. “Cut your losers and let your winners run” is commonsensical advice, but how do you determine when a position is a loser? Interestingly, most traders I have seen don’t formulate an answer to this question when they put on a position. They focus on the entry,...
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Technical Review

A Death Cross for Apple Inc.

2024-03-16 by Tim Straiton

The last weeks trading saw a death cross formation for Apple Inc. A death cross formation is triggered when the 50 period daily moving average crosses underneath the 200 day moving average. So far, the 170 level has provided a temporary support, however the current technical outlook suggests that further downside for this stock is on the cards.

The Fibonacci downside projection target based on the recent 197.78  to 181.11 range traded since mid December 2023 points to 164.04 (100% downside projection) and therafter 153.49 (161.8% downside projection). The 14 day relative strength index is at 35% which underlines the bearish trend. The 200 day moving average ($183.83) has just turned negative for the first time since September 2022 when the price at that time dropped from $161 to $124. The current technical development might well be a wakeup call for all those FOMOS out there.


Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

Featured Site

VectorVest

Site Description:

The way to make money in any market is to buy low and sell high, and VectorVest makes it as easy as it can be. There’s no guesswork. No hunches. No opinions. Just factual, objective trend analysis. Our proven market timing system gets you into the market
http://www.vectorvest.com/