- Pattern bears resemblance to a bullish flag, with more or less supporting trends in volume (far from perfect)
- MACD is close to buy signal, RSI didn't really fall below 50 (mildly supportive)
- Break out from flag should happen with substantially higher volume (not like today), so no real confirmation here yet
- Should (and only if) the confirmation arrive...
GGP has fallen a long way from it's 2007 high but has been steadily creeping up since bottoming out in 2009.
This stock started to trade above the daily 200ma earlier this year but was still not displaying the hallmarks of a strong trend. The pullbacks, while not excessively deep, were quite prolonged and kept retesting the 2013 pivot high.
Since September we...
I last analysed RCL a few weeks ago on the gap up following a cup and handle formation. At the time I recommended a near-term buy (which would've realised a small profit) but to hold off for a longer-term trade.
Since then price has made a new high, pulled back slightly and then yesterday's bar broke out confirming a bullish flag (plus breaking the $80 mark on...
DAL had been a great trending stock for a couple of years but the 2014 correction was extremely deep (by the standards of this stock).
More recently the June 2014 high was broken but price remained fairly indecisive just above it for a few weeks. Staying above the previous resistance, however, is far superior to dipping below, so this was the first suggestion...
I have posted on ORLY before (in early November) and since then it has gone on to experience a lovely linear trend.
After the first gap up I was waiting for a pullback followed by a breakout to enter the trade. This happened on the day of my last post so I was able to enter on the next bar. Yesterday's gap up added to my equity so overall I am happy with this...
I looked at LOW a few weeks ago, just after it had gapped up past $60. For those who traded it on a short-term strategy a nice profit in excess of 100 points would have been banked. Those who took a longer-term stance will have seen their equity rise by 250 points plus - so far.
LOW continues to make new highs and, after a stickiness around $45-$55, looks to be...
ERIE appeared on our breakout list today. It is not a stock I would normally consider as it is not an S&P500 company. Volume is low, which makes liquidity low, and difficult to trade in the UK. However, I like the look of the chart so thought it worth analysing.
ERIE trended well until consolidating from 2011-2014. There were a couple of fake breakouts in 2013...
Silver marked the daily descending TL and 161.8 ext of recent low @14 which is the Aug. 2009 low. The hard rejection of that low pushing the price back into CZ but failing to make a new high raises a question about continuation lower. This bullish flag forming could signify intention for a further bullish move. The number of net shorts dropped last week in favor...
Bullflag broke up to the upside with nice volume confirmation.
A clear bullish signal. 6.18 % potential profit guys. who wants it ? : ]
Also notice the confluence of the A'+ target (at 405) and the 1.272 expansion of the BETA leg !
That's kind of awesome :D
LUV has been a good trending stock I have traded until the October pullback earlier this year.
Breaking above the September high (and confirming a cup and handle chart pattern) offered the first opportunity to re-enter this stock. But with some uncertainty still in the markets I passed this one by.
Since then price has continued its bullish rise with a more...
A typical bull pennant with diminishing volume at the end.
Whales might try to run the stops bellow 372 in a very sharp move.
This trade idea becomes invalid once price reaches the apex of the pennant without any significant action.
I have been trading DPS since price broke and retested the $50 half figure around April 2014. This zone had added resistance due to the May 2013 pivot high ($50.37).
Since then the trend has been very good - the October pullback almost stopped the position out, but managed to just remain in play.
If looking to enter DPS since then there have been a few breakout...
ABC has been in an uptrend for many years - with some periods of pullback and sideway movement on the way.
In more recent times a mini pattern had emerged (on the daily chart) of a move up followed by several weeks of consolidation. This can be frustrating, even for longer-term traders. But since the gap up (on earnings and higher volume) on 30th October a...
While other stocks have rallied this year, VFC has been in consolidation. Although this has lasted several months, the actual price range was fairly tight, sticking around the $60 mark. After breaking out in September price retested the top of the consolidation zone before continuing it's upward trend.
Yesterdays bar confirmed a bullish flag and price is now...
MMM has periods where it trends really well. But this year there have been two deep pullbacks which would've stopped most trend traders out of their buy positions.
Since price broke above the September pivot high the candles have not been overly convincing. There was a gap up on 31st October but it was a doji, followed by a gravestone doji, which did not inspire...
CVA has just printed a bullish flag in an uptrend (on Thursday's bar). This gives a good indication that price will continue to rise (no chart pattern has 100% accuracy).
However, there is not so much room for this stock to uptrend before hitting resistance at around $30 (the 2008 high was $30.37). Some breakout traders prefer to only buy those stocks which are...
LM reached a high of $140 in 2006 before plummeting to almost $10. Since then we have seen price bottom out (forming a cup and handle on the weekly chart) and begin a bullish wave up. During August and October a double bottom formation occurred - confirmed in November with a break of the neckline.
The weekly double bottom presented itself on the daily chart as a...
Now JLL has broken and retested the 2007 high ($124.99) there is room for price to move further to the upside.
There was a cluster of support at around $125 but it dipped just below this during the October pullback (which affected most stocks). It found support at the 50ma on the weekly chart but popped below the 200ma on the daily chart.
Since then price has...
