Best of StockTwits Charts: Gold Fails to Take Out Resistance at 1350

StockTwits

The StockTwits Charts Stream gets filled daily with thousands of stock charts created by the largest real-time trading community in the world. Below are a few notable ones for your perusal:

1. Gold (GLD) - Andrew Thrasher, an investment analyst at the Financial Enhancement Group, posted this chart to StockTwits showing Gold’s major resistance level at 1350. After plunging to 1200 in late June Gold rallied back to 1350, but was unable to take out the 1350 level. The 50-day moving average, shown in blue, also acts as resistance. The relative strength index, displayed in the lower portion of the graph, failed to move above previous highs and confirms the bearish trend.

Longer-term traders might stay out of gold until it rises above 1350.

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(See Andrew Thrasher’s original StockTwits post here.)

2. Guggenheim Solar ETF (TAN) – On StockTwits, @jackdamn posted this next chart showing that TAN at its previous breakout level, which also coincides with its uptrend line. TAN plunged over 8% today due to a disappointing earnings report from First Solar (FSLR), which makes up nearly 10% of the ETF. The $26 area is a level traders will be watching very closely.

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(See jackdamn’s original StockTwits post here.)

3. Agilent Technologies (NYSE:A) - Keith Kern posted this last chart which shows that Agilent is close to breaking out above $47. Agilent has risen in each of the past two trading sessions, a sign of relative strength as the market moved lower. Traders are eyeing that $47 level.

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(See Keith Kern’s original StockTwits post here.)

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