Buy Stop Entry: 1.12491 TP: 1.12891 SL: 1.12091 Sell Stop Entry: 1.11727 TP: 1.11327 SL: 1.12127
Potential Breakout trade on currency pair BTCUSD, place Buy Stop and Sell Stop Orders or wait for Breakout. Manage your risk accordingly.
Shopify needs no introduction. If you bought something online from anywhere other than Amazon, the sale probably ran through Shopify. The stock is up 175% since October and proving to be a market leader. The recent action shows shallowing retracements on declining volume – a textbook breakout pattern or "VCP Pattern" as described by Mark Minervini I would...
JFrog is a supply chain software company out of California. This mid-cap stock formed a base over the last twelve months and is now trying to break out on above average volume. The run up from $17 to $28 took place on good volume, so this looks like accumulation on the institutional side. I think this is buyable here. A couple weeks of tight price action near...
Hello traders! 🌟📊 I want to bring your attention to an interesting technical pattern I've spotted on $LCID. It appears to be forming a wedge pattern, suggesting a potential breakout opportunity. Let's take a closer look at the details! 💡📉📈 🔍 Symbol: NASDAQ:LCID 📅 Timeframe: Weekly 📌 Wedge Formation: NASDAQ:LCID has been consolidating within a narrowing...
ETHUSD breakout trade on either side, if broke resistance or support. Place TP and SL with buy stop and sell stop orders.
Who makes the best donuts on Earth? Don’t you dare say Dunkin’. Krispy Kreme is king, and I won’t hear anything to the contrary. Regardless of who makes your favorite cream-filled pastry, take a look at the weekly chart of DNUT above. This setup is fairly straight forward. The stock has not been able to breach the $16 level despite several attempts over the last...
Micron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64. The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher. This is the...
IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind: LONG ABOVE: 81.55 STOP LOSS: 77.95 TARGET 1: 85.15 TARGET 2: 88.75 Please do wait for at least a 15 min candle close above the...
Funko took a beating in last year’s bear market, but the stock is quickly coming back to life. FNKO surged on earnings last week and has given back almost none of the initial move. Shares are barely retracing and doing so on minimal volume – a sign that no one is selling. This trade is pretty simple – draw a trend line and buy when it breaks above it. I forgot...
Currency pair NZDCHF potential breakout trade, place buy and sell stop orders. Manage your risk according to account size.
On Holdings, the maker of OnCloud tennis shoes found on soccer moms everywhere, is one of the hottest stocks in the market right now. It went public in 2021, just in time to get hammered in the bull market. But shares have come back with a vengeance. ONON has already doubled this year and is making new all-time highs as I write this. Notice the textbook...
Nasdaq about to break the range, place buy and sell stop orders. manage your risk accordingly.
Vontier is an industrial machinery company setting up in a textbook breakout pattern. After surging more than 50% off the October lows and reclaiming its 200-day moving average, shares have consolidated in a series of shallowing pullbacks. Retracements have tightened from 11% to 7% to just 4.5% with resistance at 27.50. Look for a breakout above 27.60 on above...
The leisure gaming group, as a whole, is setting up in a textbook breakout pattern. Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher. DraftKings is breaking out of a clean base in the beginning of a new Stage 2 uptrend. If you look at a...
The leisure gaming group, as a whole, is setting up in a textbook breakout pattern. Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher. IGT stock just made new 52-week highs. After a shakeout move in mid-March, the stock completed a textbook...
Exact Sciences is a biotech stock showing high relative strength. Following a 50% jump in January, the stock is tightening with pullbacks getting shallower from left to right. This is a sign of seller digestion which we often see before a new breakout to the upside. EXAS is also finding support at key moving averages which appear to be holding up the stock. I...
An ascending triangle breakout is excellent for breakout traders and trend traders looking for buying opportunity at 1.0959 for a buying opportunity. Alternatively, the trendline work just fine.