Facebook $FB Bullish breakout into earningsThe bullish DailyPlay we chose for Tuesday, July 10th is Facebook (FB). FB is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.21% move lower but its 1m/6m trend has turned bullish yesterday while breaking above its $70 resistance level which now becomes support.
Facebook's 1m and 6m trends turned bullish on 7/5 and recently bounced higher off its $190 support level. With a technical score of 8 (out of 10), FB is a strong bullish stock that will likely continue higher.
View this Trade Idea on FB - app.optionsplay.com
As a stop loss, if FB was to trade below $200 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
52weekhighs
Long SONATA SOFTWARE at 333I am long in this stock at 333. Looks like it will make a new 52week high
Trend continuation- Watching for breakout fanh has been really strong 360% above its 52 week low and less than half a percent below 52 week high. Held up really well with market noise recently and Lots of positive volume accumulation. Also made another convincing new high on big volume on the 26th indicating this could want more . Buy stop just above yesterdays high targeting $36-37
Falling wedge bouncing off support levelViking therapeutics has been another big performer which i have been keeping an eye on. I'm not sure about the trend continuing on from here but this does represent a nice swing trade falling wedge back in to support with some nice wicks on those hammers showing us some strong buying pressure at that level. If this moves i will look to play it back around the highs for a possible 20%.
Falling wedge bouncing off support Viking therapeutics has been another big performer which i have been keeping an eye on. I'm not sure about the trend continuing on from here but this does represent a nice swing trade falling wedge back in to support with some nice wicks on those hammers showing us some strong buying pressure at that level. If this moves i will look to play it back around the highs for a possible 20%.
ONB breakoutEarnings Premarket 1/23
Financials Strong, KRE etf Consolidating at ATHs looking to breakout
Momentum Buy : Ramco Systems, CBSL 448, Targets 505-515-525* Cup and Handle breakout
* Volume breakout
* Resistance breakout
* Yearly Price breakout
* Swing highs breakout
Green ply Ind: CBSL 319, Target 339-345-349.5 Short-Term* 52 Wk high breakout
* Consolidation Breakout
* Huge Volumes
* Huge delivery percentage
SPIC Medium term Positional CallSouthern Petrochemicals Industries Corporation Limited : Trading technical call for Medium Term
NSE »SPIC & BSE »590030
CMP: 48.7, Closing based SL 42.9, Targets 54 55.5 57
Technicals:
* All time high and Close breakout
* Weekly pole and Flag Pattern Breakout
* Volume Breakout
* Swing high breakout
Discliamer: All levels are for Educational Purpose Only.
Tata Metalicks Medium Term positional CallTata Metaliks Limited Trading technical call for medium term
NSE: TATAMETALI
CMP: 884, Closing based SL 829, Targets: 920 945 959
Technicals:
* All time high and Close breakout
* Consolidation Breakout
* Trend Line Resistance Breakout
* Volume Breakout
* Swing high breakout
* Good Fundamentals
Discliamer: All levels are for Educational Purpose Only.
TINPLATE Short term Positional Call The Tinplate Company Of India Limited Trading technical call
CMP 310.2, Closed basis SL 291, Targets 325 332 339
Tata Elxsi Medium Term positional call Tata Elxsi Limited Medium Term Techno-Funda call
NSE: TATAELXSI
CMP: 977, Closing based SL 879, Targets 1050 1080 1125
Technicals:
* Swing High Breakout
* Cup and Handle Breakout
* Volume breakout
* Trading above important Moving averages
* Resistance breakout
GOOD FUNDAMENTALS TOO
Disclaimer: All the levels are for education purpose only.
Cat long or short Cat is another i have been watching trading around its 52 week high view was bullish with targets above $100 but we have seen some negative volumes with on going investigations into accounting issues which has seen us pullback below its 50, 100 and 200 dma's also cat has announced its closure of its Aurora plant in Illinois which could cost 800 jobs so will see how the market responds to that.
With some negatives and positives i have two points of interest
long above its dma's from 96 target around 106
short below support 89 target around 80
Long - mt - 52 week pop watching mt which has been trading around its 52 week high. We had a breakout of the high recently which since pulled back and consolidated some. I like the volumes here showing some volatility with higher than usual volumes particularly on the swing low.
I think this one could pop with sector also outperforming if we come back up will look to place a buy stop just above $8.50 probably target around $10
LONG - SWC - LOOKING TO BRAKE 52 WEEK HIGHPICKED UP A SIGNAL FROM MY TRADE TRIANGLES - LOOKING POSITIVE ON D/W/M
LOOK TO HAVE GROUNDED SUPPORT WITH A NICE DOUBLE BOTTOM TRENDING ABOVE 100DMA WITH RSI CROSSING ABOVE 50 GIVING US A GOOD BULLISH SIGNAL AND LAGUERRE IN POSITION LOOKS SET TO REACH NEW 52 WEEK HIGH.
PLACED AN ORDER JUST ABOVE TODAYS DAILY CLOSE AROUND PIVOT
