BZ Chart Of The Day

After a brutal meltdown, there is a chance the SPDR S&P 500 ETF Trust (NYSE: SPY) is about to reverse. The SPY has reached levels that have been support before. If these important levels are support again, a new uptrend may form. Support is a large concentration of buyers who are looking...

JPMorgan Chase & Co. (NYSE: JPM) last week reported earnings results that were far above estimates. It looked like a blowout, but the stock was slammed and continues to trend lower. Sometimes higher interest rates are good for financial stocks. Financial institutions can lend at higher...

After being stuck in a narrow range, shares Ford Motor Company (NYSE: F) may be breaking out. This could set the stage for another move higher. There has been a wall of sellers gathered around $24.75. Since Jan. 4, each time the stock reached this level the sellers kept it from moving higher....

After a huge move lower, shares of BridgeBio Pharma, Inc. (NASDAQ: BBIO) looked like they were beginning to recover. But then the stock crashed into a wall of sellers around the $17 level, which has put an end to the rally. There’s a reason why there is resistance, or sellers, around $17. In...

Shares of Ford Motor Company (NYSE: F) have been in a tight trading range. Each time shares dropped to the $19 level over the past two months, there were enough buyers to support the stock. This put a floor under the price. During the same time period, there has been resistance around the $21 level...

Since Nov. 5, the $471 level has been resistance for the SPDR S&P 500 ETF Trust (NYSE: SPY). Each time the shares reached that zone, they ran into a wall of sellers. This put a top on the price. But that may be changing, as SPY appears to be setting up for a potential break out. The...

Some traders love trading ranges. And the SPDR S&P 500 ETF Trust (NYSE: SPY) may be forming one. A stock is in a trading range when there is clear resistance at the top of the range and clears support at the bottom. Traders profit by selling close to the top and buying close to the bottom....

Shares of Meta Platforms, Inc. (NASDAQ: FB) may soon be heading lower. A classic "death cross" has formed on the chart. Many traders use moving averages to gain insight into the future direction of the market. When a short-term moving average crosses above a longer-term one, it...

In financial markets price levels that were previously support can convert into resistance. That’s why the GameStop Corp. (NYSE: GME) rebound may have halted. This conversion happens because of buyer’s remorse. In August, the $150 level was support for GameStop. There was a large number...

The selloff in Naked Brand Group Limited (NASDAQ: NAKD) may have ended and the stock has reached 50 cents. This level has been support in the past and there’s a chance it will become so again. Support is a large concentration or group of buyers who are looking to pay the same price for...

The bears may be taking control of Apple Inc. (NASDAQ: AAPL). This means the stock may be about to head lower. When stocks are rising, the bulls are in control of the market. When an uptrend line breaks, meaning it's crossed on the price chart, it could be an early indication that the...

A classic "descending triangle" pattern has formed on the chart of Tesla, Inc. (NASDAQ: TSLA). It has bearish implications and suggests shares may trade lower. Over the past month, buyers of Tesla stock have been complacent. They've held their ground and...

If markets have memories, shares of Daré Bioscience, Inc. (NASDAQ: DARE) may be in trouble. The stock has run into a resistance level. Resistance is a large group of sellers offering their shares at or close to the same price. In this case, it’s $2.40. Sometimes rallies or uptrends end...

It looks like the SPDR S&P 500 ETF Trust (NYSE: SPY) could make a big move soon. It has reached an important level and when this happens, a new trend typically forms. Traders consider support and resistance levels. They can profit when they can identify them. Support is a large concentration of...

Shares of Moderna, Inc. (NASDAQ: MRNA) may be in trouble. The stock has run into resistance around the $350 level. The last time this happened, a sell-off followed. Resistance is a large group of sellers who are offering their shares at or close to the same price. In this case, it’s $350. At...