But traders use the rectangle pattern to identify potential trades. For example, after falling nearly 90% when the Internet bubble burst, Cisco Systems (NASDAQ: CSCO ) formed a year-long rectangle ...

Narnolia Financial Advisors Basics of Technical Analysis: Part 16 The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance.

However, the 14-day Relative Strength Index (RSI) is positioned above the 50 level, indicating the bullish bias is active.

The market has been forming a rectangular chart pattern with a slight upside bias since bottoming at $1453.10 on November 12. The two higher bottoms at $1456.60 and $1463.00 and the two higher ...

** Pattern projection on $35.03 break can call for much deeper decline to $25 area ** SLX will need to thrust above $45.39 to suggest advance off early 2016 low resuming in earnest; target $55 area ** ...

Traders were also watching the charts; QUBT broke out of a rectangle pattern; a bullish signal suggesting this rally may have legs. Volume spiked to its highest level since mid-December; and ...