Cup and Handle breakout on the daily and the weekly charts plus on the verge of breaking the 52 week of around 2645. After breakout, it will face resistance at 2780-2800
Hi, and welcome to Tuesday's update. Today's focus is on Gold as price continues to trade with inside bars after last Friday's 3% jump. US employment data fueled the rally, and this data sent the USD packing. We're looking for Friday's breakout to complete, but we need to see buyers come back into the market with another firm move higher to show us that Friday's...
Sunpharma can breakout its major resistance with the support of "W" PATTERN breakout which make it more bullish. Buy Sunpharma at 940-970 Target 1005 1068 1112 1202 Sl 924
KOK printing small ascending triangle (bullish pattern). So we have a good chance to see a break above this resistance zone above. Don't be surprised to see a retest of the support zone below before pushing up, so don't buy this under the resistance zone as you might get stopped. Best entry at support retest or breakout with volume increased. Good luck...
broke horizontal support Setup: NASDAQ:AMGN 1D chart enter with limit order when price pulls back - EP @ low of range SL above last pullback TP @ previous lows of Oct/Dec '21 R/R 3.7 ⚠️ watch out for potential supports @ previous levels of resistance or support (marked with orange flags) > 1:1 when hitting first support, 2:1 when hitting second, so trade...
Bull Flag, is definitely 1 of my favourite. I'm excited in seeing this Flag Pattern 🚩 formation of the 1st pair I trader 17years ago. God! I feel old. Will things aside, I will wait for candlestick pattern confirmation before engaging this beauty.
Dicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern. After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level. Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the...
Volumes increasing Given downtrend breakout A close about 430 can take it to 465 in no time stay tuned
RUN ready to breakout of stage 1. Part of the solar group leading the market. See TAN etf ready to break out.
EHPH building nice congestion on WK. Can be considered a flag on D. IBD highly rated stock. Part of TAN etf (Solar group) congesting after diagonal breakout.
Canslim IBD A+ stock broke handle. If market good tomorrow. Classic cup and handle
SHLS close to diagonal resistance. IBD A+ stock. If it goes over resistance its a buy. Watch for few days
CSIQ is a market leader in today’s #1 sector - solar energy. Shares soared over 60% between July and August as solar stocks came front and center as a leading theme in the market recovery. The 200-day moving average has begun sloping upward, putting CSIQ at the beginning of a new Stage 2 uptrend (see my previous post on the 4 Stages of the Stock Cycle). The pink...
Catalyst Pharma (CPRX) is an absolute monster. Not only is the company posting huge sales and earnings growth in a sector that rarely has either, the stock has more than doubled over the last few months. There are 801 stocks in the biotech group tracked by Investors Business Daily, and CPRX ranks at the very top (see image in chart). After such a large advance...
NBIX is in the biotech sector which I have been highlighting for several months as one of the strongest areas in the market. After emerging from a textbook breakout pattern in early August, shares have consolidated in a tight handle formation. If you look at the relative strength line at the top of the chart, you will notice three pink dots over the last several...
Ascending triangle could be forming inside a symmetrical one... VGX gave us 20% in the last trade, and this could be a nice one also... Levels and instructions are on the chart...The hourly oscillator looks ready.. Set alarms, weekend action... Good luck traders!
Possible next push-up, volume falling nicely. Entry on the bounce or on resistance levelbreakout. Trail it with SL, traders take money from the table much faster these days... Good luck traders!
So far, it looks like LOKA could be printing double bottom. Watch for a move up from this support level, or from breakout from the resistance zone overhead. Breakout from that trendline could also work. Good Luck traders!