Bruce Kamich is TheStreet's in-house technical analyst with a 43 year career with a number of bulge bracket firms like Morgan Stanley, Smith Barney Harris Upham, and Merrill Lynch. Along the way he accumulated knowledge about the fundamentals of the commodity markets, interest rates, equities and ETFs.
In addition to writing for theStreet.com Kamich has been teaching technical analysis at Baruch College for the past twenty years.
Kamich was one of the earliest Chartered Market Technicians or CMTs, a professional designation similar to the CFA title. He has authored two books on charting and technical analysis - "How Technical Analysis Works" and "Chart Patterns." He is a two-time past president of the Market Technicians Association (now called the CMTA), the professional organization for chartists worldwide. He was also the president of the Market Technicians Association Educational Foundation (MTAEF.org).
Let's see how the charts and indicators have shaped up.
EOLS appears to have formed a small triangle pattern the past few weeks and a breakout is likely before reaching the apex.
Sellers of the beverage company's shares have been acting more aggressively than buyers in recent weeks.
There has been some recent consolidation and accumulation in the cannabis stock that could be setting the stage for an upside move.
Avoid this retailer on the long side, as M's stock price could drop to the mid-teens in the months ahead.
DBX could bounce in the short-run, but then it looks ready decline to around $12 after reaching our $18 target.
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