Clive Corcoran continues to monitor the health care sector fund, XLV, which is showing characteristics that are often a precursor to an upward breakout.
EBAY has been pulling back, following the recent plunge, and could find it difficult to make further progress as previous chart support could now become a resistance threshold.
Even though Taiwan Semiconductor (TSM) dropped below its 200-day EMA in yesterday's trading, the chart pattern appears constructive from a money flow perspective.
The chart for Edge Petroleum (EPEX) reveals a bullish flag pattern in the making, but the failure in early July after the extended rising channel that preceded it suggests that any upward progress may be short-lived.
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