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Breakoutstrategy

LSCC forming an ascending triangle!LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle. As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as support. Semiconductor stocks are hot right now and with earnings coming up LSCC may be making a break for it sooner rather than later. Fundamentally: * LSCCs earnings per share is expected to grow over the coming year * It has been performing really well with an 83.63% growth over the past year. Technically: * Seeing the rejection from its highs, it seems like the stock may revisit the $55 or $55.40 price before making higher moves. So look for buying opportunities in that range if you're looking for a discount. * If discounts aren't your thing, look for a buying opportunity following a daily close above $58.38 * On the contrary, a close below $55 could send the price lower to retest the support of the ascending triangle. Which would be an even better discount given how well semiconductor stocks are doing. Target: * If the pattern confirms and the breakout takes place, the target for this break would be in the $77.60 area.
NASDAQ:LSCCLong
by HaseebKhan_90
How To Trade Breakouts !!Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain How To Trade Breakouts , everything you need to know about this strategy is here. First we got to understand what is a breakout but before u start using this strategy take your time and understand the information well . so what is a breakout : a breakout occurs when the price breaks out and closes above a resistance level or below a support level A support line can be identified by connecting the points of low and the price bouncing back up , the support line needs 2 point to be formed but I think 3 gives a stronger signal and its safer. the resistance line is the same as the support line but it connects the highs instead of the lows and they act as the ceiling on which the market bounce down after hitting it. Both the Support & Resistance lines can be horizontal or angled . so when we combine the support and resistance together we get a trading range which keeps the market price in a certain range until the price makes a break either above or below. trading ranges are formed form the supply and demand and the market phycology so when the price breaks out of the range it signals a change in the supply and demand and the beginning of an upward or a downward trend so lets talk about the concept of a breakout For a breakout to happened you one need a support or a resistance line u don’t need both , but having both will create a trading range which will help you take advantage for breakouts in both directions up or down . There are several ways to trade breakouts : 1.At the actual breakout (this could be very risky in case it was a Fake breakout) 2.Using a pending order at a higher price then the market range 3.Waiting for the conformation on the breakout. Now lets talk about fake breakouts , it happens when the price breaks past the support or resistance level and moves back into the trading range as you see here : waiting for a confirmation is really important as u minimize the risk you are talking , this way u will lose some of the momentum of the trend but u will insure that’s the trend is going the way you want it to go. Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading & watching .
BITSTAMP:ETHUSDEducation
by GabiDahduh
4
GBPNZD Possible short opportunity on GBPNZD. We have seen rejection at resistance for the 4th time and so we can expect some bearish momentum. A break of the 200 day EMA and the trend line at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level. Confirmation of breakout: - Closed bearish 4Hcandles - Price breaks below 200 day EMA - Break in the trendline - Signals from MACD andRVI I find GBP pairs to be rather volatile so I would advise a smaller position size and letting the trade run to its target. Also, some important GBP news out tomorrow (1st Feb 2021)
Short
by francesgurton
1