Markets continued to flatline on Tues, Aug 28, although the charts of several securities were quite interesting.
Altera Corp (ALTR), perhaps the quintessential NASDAQ-100 company (it makes semiconductors, is based in Silicon Valley, and has its headquarters on "Innovation Drive"), has penetrated price-channel resistance on both the daily-candles and hourly-candles charts. From the daily-candles chart, price action above $37.5 would be bullish, that price being approximately the August high.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguuSD4j7z3hTsVy3KYpWdPYuYQBuPYHRv8VBXR9vJ95GiO5wi-gd6YBc1O5_fVYPiPnBGS4U2xC5NsNY9F4lD3FahnSqDEX24GcEZeQ-HDKyZDiVqd1Hm1sEVm-TnyY1c-SYbjTdFfMC4/s640/ALTR+Jan+2011+to+present+1d.png) |
ALTR. Jan 2011 to present. Daily candles. |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQnDZoTdIf4z4n-MF-rTac2PN_hgwdkEZME82XoR8k-EiwcDHye_g4H0WWzGJLPuwXZZHraAtxItYg19KlUCmDA9fK29rACnoRpsdXIuqbL4qoKSJ-BlLR-B5FsENY3dt2ptQnLc4LOOM/s640/ALTR+Dec+12,+2011+to+present+1h.png) |
ALTR. Dec 12, 2011 to present. Hourly candles. |
Ctrip.com International (CTRP) continues to look bullish despite
last week's 20 percent rally. From the 5-minute candles chart, price action is consolidating near the top of its recent range and appears to be forming a
bull pennant pattern. Switching focus to the hourly candles perspective, price is continuing to consolidate beneath a six-month trendline.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqnGNRm8yuhfhzU2mHTCmJMQc5QtcYrxSpLKoUfHODR9wjOVfnKN-0xXpKqwGKOjRa1CiEguNLEHXKuDN9sKKiRBv0YgtkyxhtD2cHRkLPIGmg1MWXs54zY3qqpTA3Fq26QuA6oAzmMB8/s640/CTRP+Aug+2+to+present+5m.png) |
CTRP. Aug 2 to present. 5-minute candles. |
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh63c3QqZI3ge0QVzJuchpsDf-y42ItVQdzHe0qIB-uCsE1ItfCrHV1vOOTY1y5bb8i0_NloXYo5WymXjp8X7lEeSIh_kuPFQRw67YkEH5ha2VQ9amRFtaexxN-0GV3CCOPFSKt7AxJ9ZA/s640/CTRP+Mar+1+2012+to+present+1h.png) |
CTRP. Mar 1, 2012 to present. Hourly candles. |
The daily candles chart of Electronic Arts (EA) is showing an almost-completed
throwback to a recently-penetrated, nine-month price channel. This blog very recently covered another instance of a throwback,
occurring in shares of Dentsply (XRAY).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHYJBNShdozLeZfBHYlp5pDVTfxbMPCpS9av_zNpP__XRblLFn12p7f1kN_BkazGbnQzGluF5B4vwxQjiBFdkCqGidFKqZwUHAga81egmdarmcNuwxDvh6D8BCJ781BQsM27bNh614snE/s640/EA+Mar+2010+to+present+1d.png) |
EA. Mar 2010 to present. Daily candles. |
Kraft Foods Inc (KFT) has quite the spectacular four-year, daily-candles chart; nearly all price action since May 2009 is contained in a single, well-fitting price channel. Notably, price behavior during the past two sessions is hugging the channel's resistance end.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3aK14CDRjynf_qzZ8iDEypv1xzREsyFee_bnU09bJ97ncTl_Rj14E-OaENqhTpYIhpn73hfdJaF_cvr-WctUwpZu5DgHk3whihzoDajQgKpyacVnhwcYtY0-773Zg76r_raKmGmzAeLU/s640/KFT+Aug+2008+to+present+1d.png) |
KFT. Aug 2008 to present. Daily candles. |
Xilinx Inc (XLNX), a NASDAQ-100 component in the specialized
semiconductors industry, is testing the resistance of a nine-month price
channel. A break above approximately $34.16 would be bullish.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-I6UUtfg7WrHRUxFSOJXSOI4Zrd49K0TvjJEYrrNA-bJFxfsAHc1KQftMPds95cJd9pFGG68TlrRbNBJAYTYxJTqVmkJwqItVUXVnHMvIasKNhxu3wej0vc9eytBr2XQc7P-XHLx0XWY/s640/XLNX+Dec+12+2011+to+present+1h.png) |
XLNX. Dec 12, 2011 to present. Hourly candles. |