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

Flag or Pennant

Pattern Description:

A flag or pennant is a continuation pattern which portrays a period of consolidation in the market before resumption of the original trend. They can be observed in both rising and falling markets. A rise in volume should be observed at the breakout point. If this is not the case then the move is likely to falter.
Flag or Pennant

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Featured Article

Rheinmetall on the verge of becoming a global arms giant.

by Tim Straiton
Rheinmetall (RHM) is currently trading at EUR 524.50 and is 37% above its 200 day moving average. It traded as high as 571 in early April 2024. The current short-term consolidation is likely to give way to further upside. The MACD reflects the fading downside price action. Growth ambitions and future plans Rheinmetall AG, a major player in the international arms market, is on a dynamic expansion path. In view of the strong demand for weapons and ammunition, particularly due to the...

Technical Review

A Death Cross for Carnival Corp.

2024-04-20 by Tim Straiton

Carnival Corp. was the second best performer in the S&P 500 after Nvidia in July 2023, however the company seems to be cruising into darker waters right now. The stock is currently running into oversold territory with the 14 day relative strength index at 32%.

Rising trendline support comes in at 13.18. A death cross  formation has been established with the 200 day moving average now trending downward. It would probably be worth using any upside correction to liquidate long positions. Holders of this stock should be aware that a break of $13 would put focus on the $11 area.


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


Site Description:

The International Federation of Technical Analysts