Newcrest Mining (ASX: NCM) makes bullish engulfing pattern: Is a trend reversal in the offing?

Newcrest Mining Limited (ASX: NCM), an Australia-based company engaged in the exploration and development of gold and gold-copper concentrate, has been under selling pressure over the last few weeks. However, on Friday (17 June), the stock witnesse...

Three tenets of technical analysis you should know

While searching for an investment opportunity, there are primarily two ways to screen a stock – technical analysis and fundamental analysis. While fundamentals focus much on the financial and non-financial data related to the company, sector ...

What is ASX Volatility index? How has it performed in 2022?

The Volatility index or more commonly VIX is simply a quantitative measure of the volatility of an underlying financial instrument. Many times known as the ‘fear index’, VIX measures the anticipated move of the underlying instrument ove...

Inside Afterpay’s share price journey: How did merger news impact it?

Afterpay Limited (ASX:APT) shares have just a handful of days left to trade on the ASX with its takeover by Block, Inc. (NYSE:SQ) closing in on completion. In what is being dubbed as Australia’s largest ever corporate merger, the AU$39 billio...

Holding Tesla shares? Here’s a technical view

Highlights Tesla has been one of the most buzzing stocks in recent times. The sudden acceleration of the momentum made the stock more volatile. Elon Musk sold about US$6.9 billion worth of stocks last week. Tesla is currently one of the m...

What is the significance of technical analysis in portfolio building?

Portfolio building is a process of selecting securities optimally with the sole aim to achieve maximum returns while taking minimum risk. A well-made portfolio consists of diversified securities such as stocks, bonds, money market instrum...

Components of Technical Analysis

Summary Price and volume are the most essential components of Technical analysis. Technical tools such as trendlines, horizontal support and resistance lines, etc., are very commonly plotted on the price chart. Some components of technical ana...

Decoding RSI: What is Relative Strength Index and how is it used?

Summary The RSI is a momentum indicator which oscillates between upper and lower bounds (0 and 100 respectively) to indicate overbought/oversold levels. It also helps to spot divergences. RSI works well as an indicator in a rangebound market. ...

Five reasons for relying on technical analysis

Summary As compared to fundamental analysis, technical analysis takes quite a few minutes to analyse a price chart for an actionable advice. Technical analysis also helps in short-term trading, down to the time frame of seconds. Doing market b...

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?

Summary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim...