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DAILY TRADING IDEAS
26 July 2024
 
 
 
 
Salesforce Inc (CRM:NYSE)
 
Pennant (Bullish)
 
Price Chart - Salesforce Inc
Trading closed at $256.52 to confirm a Short-Term Bullish Pennant (Bullish) pattern

Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Pennant pattern occurs during a dynamic market rally, representing... more details
 
TRADE NOW
 
 
15% move possible
 
 
 
 
Nasdaq Inc (NDAQ:NASDAQ)
 
Upside Breakout
 
Price Chart - Nasdaq Inc
Trading closed at $67.24 to confirm an Intermediate-Term Bullish Upside Breakout pattern

Tells Me: The price broke upward out of a trading range suggesting we're entering a new uptrend. The Upside Breakout pattern represents a trading range in which... more details
 
TRADE NOW
 
 
8% move possible
 
 
 
 
Marathon Petroleum Corp (MPC:NYSE)
 
Symmetrical Continuation Triangle (Bullish)
 
Price Chart - Marathon Petroleum Corp
Trading closed at $171.50 to confirm an Intermediate-Term Bullish Symmetrical Continuation Triangle (Bullish) pattern

Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish)... more details
 
TRADE NOW
 
 
10% move possible
 
 
 
 
Applied Materials Inc (AMAT:NASDAQ)
 
Head and Shoulders Top
 
Price Chart - Applied Materials Inc
Trading closed at $202.33 to confirm an Intermediate-Term Bearish Head and Shoulders Top pattern

Tells Me: The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal... more details
 
TRADE NOW
 
 
19% move possible
 
 
 
 
Williams Companies Inc (WMB:NYSE)
 
Megaphone Top
 
Price Chart - Williams Companies Inc
Trading closed at $41.82 to confirm an Intermediate-Term Bearish Megaphone Top pattern

Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the downside suggests we're starting a more decisive downtrend.... more details
 
TRADE NOW
 
 
8% move possible
 
 
 
 
Analog Devices Inc (ADI:NASDAQ)
 
Double Top
 
Price Chart - Analog Devices Inc
Trading closed at $220.92 to confirm an Intermediate-Term Bearish Double Top pattern

Tells Me: The price seems to have reached a top, after failing to break through a resistance level and ultimately breaking downward in a sign of reversal to a new... more details
 
TRADE NOW
 
 
9% move possible
 
 
 
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About Trade Ideas
 
 
 
 
 
Trade ideas are based on Technical Events identified by research provider Trading Central. Every financial instrument is analyzed after every market close to confirm whether a new chart pattern has formed or technical indicator has triggered a signal, giving immediate insight into the possible direction of the price. The analysis is done for you, with full commentary, so you can find out what the price action is telling you.
 
 
 
 
 
 

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