Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Breaking out of a base on base pattern of about 4 months
* Has been testing broken resistance of 76.57 as support for the past several sessions
Technicals:
Sector: Consumer Defensive - Packaged Foods
Relative Strength vs. Sector: 7.77
Relative Strength vs. SP500: 1.08
U/D Ratio:...
Setup - simple base breakout after a solid 70% move off the lows followed by 5 weeks of consolidation. Earnings during consolidation were below expectation. However, after a slight selloff, shares were gobbled back up and volatility was squeezed out right below the breakout level. Half size because the broad market is running a bit hot and could be due for a...
Breaking out from a 3 month base. Buy the breakout now with a pilot position or wait for a minor technical pullback.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
CEIX is leader in the coal industry. Trending. Look for entry points along the way.
Tradingview has a nice feature to paste images so I will try it out.
The image is a weekly view of the DOW JONES COAL industry. A weekly breakout from a pivot point exceeding the past 8 weeks.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose...
Solid setup emerging as this stock has based all year long and has major signs of accumulation since its earnings report in mid-May as it forms the right side of a base. Volatility remains contracted near the breakout level, which is a big plus.
Potential entry trigger - break over last weeks highs.
Broke out in the last hour. Looks really good for a push to 36, 37.31.
SHOP is forming a really nice base down here. This breakout is just inside of the sideways base its forming here. If u want swing for a couple weeks. SHOP can go to the top of base at 40.
JUL 22 36C or AUG 2 38C can work.
Notes:
* Very strong up trend on all time frames
* Great earnings track record since 2017
* Breaking out of a ~4 month base with higher than average volume
* Printed a pocket pivot
* And offering an early entry relative to its 50 day line
* Breaking above a historical resistance of $290.48 with volume once again (Third time's the lucky charm? ;))
* Formed a...
Clean and a simple base breakout
Trading above key moving averages
VCP characteristics
RS line new high
Long at 2450 with 10% position size
Stop at 2345
Publishing for my own reference, not an investment/trading advise.
$HRMY is a relatively new company in the biotech space and has held up incredibly well since it's IPO in 2020, forming a nice 2 year base. Price is currently sat just under $54 above which are clear skies. The weekly chart shows an up/down ratio of over 2, suggesting significant institutional accumulation
$RCMT this had a great day yesterday, reclaiming all key daily moving averages as well as the 10 week moving average. Good room to hit ATHs over $24.13 ($24.02 could also work with volume)
$AIR has been consolidating nicely around the 200ma and closed just above a previous breakout area level with nice volume. This is definitely worth keeping an eye on as it could move quickly back up to $50, giving it a nice risk/reward ratio
Notes:
* Strong up trend
* Great earnings
* Breaking out of a ~13 month base with higher than average volume
* Forming a bull flag
Technicals:
Sector: Consumer Cyclical - Footwear & Accessories
Relative Strength vs. Sector: 2.2
Relative Strength vs. SP500: 3.32
U/D Ratio: 1.52
Base Depth: 56.68%
Distance from breakout buy point: 2.22%
Volume 45.81% above its...
Notes:
* Strong up trend due to macro situations
* Printed a Pocket Pivot as it bounced off of broken resistance
* Looks good on multiple time frames
Technicals:
Sector: Exchange Traded Fund
Relative Strength vs. Sector: 3.02
Relative Strength vs. SP500: 4.05
U/D Ratio: 1.62
Base Depth: 56.08%
Distance from breakout buy point: 4.42%
Volume 37.69% above its 15...
Notes:
* Coming up on the right side of its base
* Volume increasing with price
* Two levels of resistance at which we can take partial profits.
Technicals:
Ticker: $RXST
Sector: Healthcare - Medical Devices
Relative Strength vs. Sector: 25.97
Relative Strength vs. SP500: 8.57
U/D Ratio: 1.7
Base Depth: 82.72%
Distance from breakout buy point: 1.65%
Volume...
The bottom formation is confirmed with rising Accumulation/Distribution and a nice, controlled base at the low. This is evidence of a Dark Pool Buy Zone, aka accumulation zone, where bargain hunting has occurred.
But a bottom formation is a sideways pattern first, before it becomes a sustained uptrend. Resistance overhead is strong, so swing traders should be...
Notes:
* Great earnings in the recent quarters
* Strong up trend in the long run
* Price has been increasing along with volume
* Breaking out of a ~7 month base with higher than average volume
* Also breaking out with a pocket pivot
Technicals:
Ticker: $WCC
Sector: Industrials - Industrial Distribution
Relative Strength vs. Sector: 86.62
Relative Strength vs....
Notes:
* Great earnings track record
* Very strong up trend
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 4.49
* Relative Strength vs. SP500: 6.32
* U/D Ratio: 1.38
* Base Depth: 29.41%
* Distance from...
* Very strong up trend since inception
* Great earnings in the recent quarters
* Breaking out of a ~5week base
* Pays out increasing dividends
* Has lots of accumulation indicated by the U/D Ratio
Technicals:
Sector: Consumer Cyclical - Specialty Retail
RS vs. Sector: 2.7
RS vs. SP500: 6.71
U/D Ratio: 1.66
Distance from breakout buy point: 0.17%
Volume 9.58%...
