ChartPros Market Insights

But before we dig any deeper you must know that a stop loss is not always guaranteed to get executed and most traders don't realize this.

Whoa!!!

A DOUBLE DOWNGRADE for Commercial Metals Company after just setting fresh all time highs!?!?!?!?!

According to published reports, UBS has issued a double downgrade for Commercial Metals Company (CMC), lowering its rating from "Buy to Sell".

Maybe these analysts know price action technical analysis and are on to something...

Many analysts that follow stocks like AT&T (T) like to use fundamental analysis and projected future earnings to determine share price.  And that's fine and once was an approach that we believed in...

But now, we prefer price action technical analysis to anticipate future share price movement.

When we last featured the company about a year and a half ago price was trading around $15 per share.  Today, price was trading around $23.50 - don't you wish you followed us back then?!?

Today we'll take another look to see if we can determine where price could be heading.

ChartPros, a leading provider of technical analysis training, has been awarded the prestigious Best Trading System to Learn for Supplemental Income in 2024!

As seen on Digital Journal

eBay (EBAY) is making headlines this week as analysts recently downgraded their price targets for the global online marketplace provider from $60 to $52.

When we last featured the company about a year ago price was trading around $40 per share, don't you wish you followed us back then?!?

Wait until you see the new price action pattern formation we discovered on their chart!

Mondelez International (MDLZ) is in the headlines today as reports have surfaced that it's exploring an acquisition of iconic US chocolate maker Hershey Co. (HSY), in a potential deal that would create a food giant with combined sales of almost $50 billion.  

Hershey's share price jumped over 10% on the news while Mondelez fell about 2%.

Wait until you see the line in the sand for the Mondelez bulls!

Trading in the markets can feel like riding a rollercoaster blindfolded. One minute you're on top of the world, the next you're questioning every decision you've ever made.

Sound familiar?  

You're not alone.

Let's embark on a journey from self-doubt to self-assurance, transforming you from an uncertain trader to an unstoppable force in the market.

Get the Exact Steps to Build Confidence as a Trader

Elvance Health (ELV) has been making headlines recently for a variety of reasons as many other healthcare benefits providers have also been in the headlines.

Selling pressure continued today with share price closing down another 2.75% adding to the 30% drop in price since the first week of September.

Wait until you see how much lower price could go...

Our thoughts and prayers are with the family of UnitedHealth Group (UNH) CEO Brian Thompson who was fatally shot in Manhattan on Wednesday.

Today we'll feature the company's chart out of respect because it had recently made fresh all time highs (ATHs).

Salesforce (CRM) shares jumped by nearly 11% topping at $369 per share during midday trading on Wednesday after the company’s fiscal third-quarter results surpassed expectations.

This represents new all time highs (ATHs) for the company we last featured in May 2024 when share price was at $215...

Don't you wish you followed us then?

Often our featured chart of the day selection comes from requests submitted by traders / investors just like you. Today's chart is by request - editors note: we've been happily married since before the internet existed and have never visited any of these sites ;-)

With price well off its all time highs (ATH) we'll review this chart from a price action technical analysis perspective.

Wait until you see where the "line in the sand" level is for the bulls...