Notes: * Strong up trend on the higher time frames * Great earnings track record * Broke out of a ~21 month long base * Higher than average weekly volume and coming off from its 10 week line * Also breaking out of a smaller consolidation of ~12 weeks * Gaped up a couple of days ago and is now coiling * Broke historical resistance around the $97 area Technicals:...
After three bases, stock tends to give up gains - for example Stage analysis is key for stock investing. Learn how to count the base correctly, and you will save
Basing for 5 months. Confirmed breakout, pullback and reversing back up. 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
Notes: * Strong up trend since March 2020 * Good earnings in the recent quarters * Basing for the past ~15 months * Broke out around the end of May but pulled back to its 200 day line * Currently breaking out of historical resistance of $29.85 with higher than average volume * Next historical resistance comes in around $31.38 Technicals: Sector: Consumer...
Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Created a double bottom base for ~5 months and is now breaking out with higher than average volume * Not much else to say... it's a great looking chart ;) Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 6.09 Relative Strength vs. SP500:...
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:...
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.
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...
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...
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
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...