Don't Ignore This Chart!

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About this blog: Don't Ignore This Chart!The Don't Ignore This Chart blog contains daily articles with intriguing or unusual charts selected by one of our Senior Technical Analysts, along with a short explanation of what exactly caught their attention and why they believe the chart is worth noting. Learn More

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Don't Ignore This Chart!

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Quadruple Bottom P&F Breakdown for Target (TGT)

by Chip Anderson

( Click here to see a live version of this chart.) Target Corp's Point and Figure chart broke below the bottom of the Quadruple Bottom Pattern that it had put in over the past 5 weeks. See the 4 "O's" in the boxes at 32? Those "O's" formed the bottom of the pattern...Read More 

Don't Ignore This Chart!

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Dark Cloud Cover for ODFL

by Chip Anderson

( Click here to see a live version of this chart.) The Dark Cloud Cover candlestick pattern occurs when a stock that is in an uptrend has a tall hollow candle that is followed by a tall filled candle that extends below the mid-point of the first candle...Read More 

Don't Ignore This Chart!

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Nasdaq Bullish Percent Index will Signal the Return of the Bulls

by Chip Anderson

(Click on the chart for a live version) The Nasdaq Bullish Percent Index represents the percentage of Nasdaq stocks that have Bullish signals on their P&F charts. Typically, readings oscillate around 50. Readings above 60 are rare and indicate a strong rally is underway...Read More