On the daily chart (see above), we can see that the stock has been on an uptrend since the beginning of the year. However, the stock is currently trading below its 50-day EMA, which is at $139.55.

Image source: Getty Images. Let’s go over each of the techniques discussed above and more. You can’t have a stock chart ... term traders often use charts that show daily or weekly movement ...

but plenty of traders and popular media outlets still use it daily. Today, we talk to one trader who has built a career on analyzing stock charts, as well as a skeptic whose fake chart pattern ...

The shares may encounter support in this area near three prominent troughs that formed on the chart in April, August and January. A breakdown below this key area could see the stock revisit lower ...