Chartpatternz

Chartpatternz

Weekly descending wedge - If it breaks out of the descending wedge, we can see a strong push to the upside. MapleTree Industrial Trust (MIT) owns data centre assets in North America and Singapore. Data centres have been gaining prominence and MIT has been pursuing more growth by leveraging on acquisition of data centres. The total addressable market size of...

Chartpatternz Updated 

CRO broke out of a daily descending wedge pattern after bouncing off strong support at 0.3197 level. Descending wedge patterns are one of my favourite chart patterns as there is a strong push when they do breakout. 0.3197 has been an area of demand for CRO as it has been tested a few times previously but did not break. There is also support at 0.4 area (both a...

Chartpatternz

SBUX is forming a rounding bottom on the daily chart. Despite the missing earnings reports and higher costs weighing on profits, there was strong buying volume yesterday, thus I would like to see SBUX break above the 99.2 area, then the 100 area. If it does, there is a liquidity gap on the daily to fill to at least 104. If instead, SBUX starts forming a bear flag...

Chartpatternz

Formed a symmetrical triangle on the 4h chart after breaking down of the long-term uptrend parallel channel. Broke out of the triangle to the upside. Looking for more upside and a possible re-entering of the long-term upward channel. Another good indicator to note is that the 9EMA cross over the 21EMA. Time to go long.

Chartpatternz

SNOW has been on a downtrend since Dec 2020. However, the stock looks like it is turning bullish on the daily timeframe where 9EMA has crossed over 21EMA, a bullish reversal sign. Formation of ascending triangle on the weekly timeframe where 241.59 is a strong resistance level. Once it breaks above this level, we're looking at more potential upside. On the daily...

Chartpatternz

EUR/USD is in a bearish trend. There is a strong downward sloping resistance that EUR/USD cannot seem to break out of since Jan 2021. The moment price touches the sloping resistance, the pair is shot back down. Short with PT target of 1.99943. SL when price breaks above the sloping resistance.

Chartpatternz Updated 

21EMA is about to cross above 50EMA, a bullish sign once again. 9EMA is coming up to support price in the bull flag which means price is going to breakout soon. Looking for a long entry upon breakout with good volume. PT1: 142.85 PT2: 146.4 SL: below 139.14 if entered on breakout of bull flag pattern.

Chartpatternz

Formation of a bull flag pattern on PYPL, which is a consolidation bullish pattern. Price broke out 2 days before and is about to retest the top of the flag, where it would be a safe entry. Looking for entry if it rebounds of the top of the flag. Earnings are out soon so this will be a quick trade as it can be very volatile for the stock depending on their...

Chartpatternz Updated 

Broke out of descending wedge a few days ago with good volume as indicated on the chart. There is strong support at 16.69 level where price tested it a few times but bounced back up. Furthermore 9EMA is about to cross 21EMA anytime soon, which is another bullish indicator. PT1: 24.34 PT2: 30.41

Chartpatternz

Trading in an upward channel. Expecting it to bounce back down upon touching the top on the channel. Coincidentally, this ticker is also at its all time high. Possible short entry right here, but do your own due diligence and stick to a stop loss. *I personally do not like to short stocks, but I will keep a lookout on this ticker and wait for it to touch the...

Chartpatternz

Bull Flag formation with price breaking above the flag yesterday with decent volume. Furthermore 9EMA has crossed above 21EMA, a bullish sign. Looking for a retest of the top flag line before entering to be on the safer side. PT1: 37.8 PT2: 43.4

Chartpatternz

Formation of an inverse head and shoulders pattern on the daily chart - a bullish chart pattern. Looking to long if it closes above 241.59 and if there is a spike in volume. Another thing to note is that 9EMA is about to cross above 21EMA, a sign that short term bearish trend is about to turn bullish. PT1: 250.62 PT2: 254.59 PT3: 264

Chartpatternz

The stock broke out of a symmetrical triangle recently. However, the break out volume is VERY low. Usually I would like to see breakouts with good volume before entering. On the other hand, 9EMA and 21EMA are about to cross soon. I would only enter this stock WHEN the 9EMA crosses above the 21EMA with decent volume. PT1: 13.3 PT2: 15.17

Chartpatternz Updated 

PayPal looking good! The ticker broke out of the head and shoulders pattern on the daily chart. Usually the H&S pattern is a bearish pattern, but in this case, the price has bounced back up upon touch the 226 support level. Price then went and closed above the shoulders of the H&S pattern, negating the pattern. The critical resistance level it closed above is...

Chartpatternz

From early this year to mid March, we can see the formation of a descending wedge. The ticker has been consolidating within the wedge ever since. Price finally broke out 2 days ago and we see a retest of the price at the top of the descending wedge. 9EMA and 21EMA are about to cross on the day charts, which is more bullish confirmation. Looking to enter this...

Chartpatternz

In late Dec to early Jan, there was a formation of a symmetrical triangle. After which price shot up. Today, we can see a similar symmetrical triangle formation where the price has broke out of. We can expect more upside from here based on the previous price movement. 2 entry points: Entering when market opens (higher risk), or wait for a retest against the...

Chartpatternz

Looks like a bullish flag formation. Would possibly be entering this. Stop loss ~190. Let me know your thoughts! :)

Chartpatternz

Price has been trading in this range since early December. Waiting for confirmation of a price breakout above the triangle before entering (lower risk). Potential target: ~306.3 Always remember to set stop loss in case price reverses. In the meantime, some trades can be done within the triangle channel as well. Personally I would enter a small amount once price...