September 16 Chart of the Day - The New York Times

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

The New York Times Company (NYT) grabbed headlines today after President Trump launched a $15B lawsuit against the paper.

The timing is interesting, as the stock had just pressed into resistance near prior highs — only to reverse sharply, suggesting a potential failed breakout in progress.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

The charts highlight key levels where investors and traders alike will be watching closely.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame. 

As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 600+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, price has spent decades oscillating in wide ranges, with the most recent rally taking shares as high as $62.24 before backing off.

Today’s reversal leaves price trading around $58, a level that has acted as resistance before.

Bulls need a monthly close above $58.73 to validate potential continuation, but until then, the risk of a failed breakout looms.

With plenty of volatility traders have had much to be happy with while investors seemingly have been disappointed.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart

On the weekly chart, the failed breakout picture sharpens. Price spiked above prior resistance, only to reverse back inside the range, a textbook sign that buyers may have overextended.

If follow-through selling takes hold, a move back toward support near $53–$51 would not be out of the question.

Conversely, a quick recovery back over $62 would nullify the bear case and reestablish upside momentum.

Bottom line: today’s lawsuit may have triggered more than just headlines. For traders, the failed breakout setup is worth close attention as NYT decides whether this was a shakeout or the start of a deeper pullback.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

So what's next? 

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