As the Aug 21 market day has just started, here's an abridged overview of some interesting charts from yesterday's trade (Aug 20). All four securities charted below are NASDAQ-100 components.
Electronic Arts (EA) is in a heady rally on the 20-day chart. Yesterday's market action saw a pull-back, and price found support precisely at the 18-day price channel.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipcTLFBR8LY-o-sxV3KJXumYFs2F57uBssJABjMbnfyqqIAK-25F3ns2oBIKfn4CneQFTSdBKtc52N-kM2x0h9CuU66xeG4TRIQ2c_E9CmhFYa4Ooipi024A1JFAVG23l5w6dn3PJuIow/s640/EA+July+24+to+present+5m.png) |
EA. July 24 to present. 5-minute candles. |
Expedia (EXPE) has recently been in a modest bearish consolidation after a strong gap up on July 27 following a well-received earnings report. In August 20 afternoon trade, price action tentatively pierced the resistance side of a price channel, which augurs well for a further advance.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFOMQkUx3sjZmWk5qFhz1MymIs8Gi7VjqLP84qDyijSHM6uhcnTkmv1r3zgU7aBGqvU1tVY7hvrD1yAoadvrp1J3qTJtveKXVfa_8S_gMyttrLJBEdr-K-CDWnYyjJicDVO8NvSuCkizQ/s640/EXPE+July+24+to+present+5m.png) |
EXPE. July 24 to present. 5-minute candles. |
First Solar (FSLR) is a staple of short-term traders. August 20 trade saw FSLR rally beyond a moderately-defined 4-year price channel, on high volume no less.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgY7a_iQ7cukdvHj0d4Rhb6ilrPIPvXgW25ZYIbAyBM6e8Pxh9qzrcZr1o149FBZlsyJTx0FLbymZxoHHL1T5Zvob8G_BtfN17YYVkIDA5UFExMk3lBFAaSGwx6NxX4PhATMCBBqDq0lSU/s640/FSLR+April+2008+to+present+1d.png) |
FSLR. April 2008 to present. Daily candles. |
Intuit (INTU), meanwhile, is exhibiting an interesting consistency on
the hourly-candles chart with regard to forming short-lived wave
patterns, especially since mid-May. The frequency of the wave is about 8
to 10 market sessions.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjf6ZUr4mC2A2HPobyDOPKe6J8RWqlnmSjzE9MZY3uZkQ7v8EI0PKKs24TgNy4FHboHUOvcLJxGwc-RM9ETBjOytw29qNsE3VQp21RK9IegE50xnUnV51qRKeC2oeI2XjnSN44Mbv4Qrmk/s640/INTU+Dec+2+2011+to+present+1h.png) |
INTU. Dec 2, 2011 to present. Hourly candles. |