I last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there. Due to the current market correction the stock did slow down but now is looking to continue its move. The tight consolidation it was in during this short correction indicates that institutions were...
I last spoke about this on October 29th as it was breaking out of the resistance at $152.85. At that time I did mention that this may end up consolidating for a while before it's ready to move higher. Now CPRT is offering yet another entry and it seems like it's ready to move higher from here. What's really interesting about this is that it consolidated while...
Hello Traders, Today I am with another cryptocurrency which has more than 100 days consolidation. Many meme tokens has gone parabolic in past weeks but OKEX:MEMEUSDT is still in the accumulation zone. Considering the long consolidation of Meme coin 300% profit seems reasonable to me. Leave your opinion in comment section. Thank You.
Price was in consolidation and formed a rising wedge. The trendline has been broken as expected to the downside and retested, I expect gold to drop post the FOMC meeting hard tonight. 1750 might act as support but the wedge target is 1725 where there has been lots of buying pressure so it must be the last TP area.
Potentially breaking out of its month long consolidation period, price could retest previous support and turn resistance.
After an extension lower the EURNZD has recently been in a period of consolidation. A breakout of that consolidation would offer a good amount of potential upside & that's what we're looking to take advantage of in this trading opportunity. Akil
* Okay earnings * General up trend * High 3-month relative strength of 4.02 in the Healthcare sector * Recently broke above the early 2020 highs of $31.48 with a break-away gap * Breaking out of a 20 day tight range with slightly higher than average volume * During this consolidation the volume was very steady with some spikes in buying. This shows institutional...
* Great earnings * General up trend * High relative strength in the Real Estate sector * Pays generous dividends * Recently broke out the previous ATH from 2015 of $21.93 * Before that it consolidated between 18.66 and 20.46 for ~5 months * After breaking out of $20.46 it create a base on top of base pattern and consolidated for ~2 months before breaking previous...
I posted about this one earlier about an entry with a pocket pivot but now it's giving another entry signal with a breakout. If you didn't get in before, this may still be a great time to enter. * Good earnings * Very strong up trend * High relative strength in the Real Estate sector * Trading higher than average volume * Breaking out of a tight consolidation of 2.77%
* Exceptional earnings year over year * Breaking out of its IPO base once again that dates back to 2015 ($24.73) * High relative strength in the Tech sector * In a very tight range for the past 3 weeks * Offering a pocket pivot with in the range just before the breakout * Maximum probable ROI would 21.65% Trade Idea : This is a great time to enter as it's just...
MoneySwap (MSWAP) is in more than 100 days consolidation and anytime it may give big breakout. I am expecting 300% return after KUCOIN:MSWAPUSDT gives breakout from this long accumulation phase. Be patient, as it may move side ways for couple of weeks before breakout. Longer is the consolidation/accumulation higher is the breakout. Do leave your feedback in...
Bitcoin seems to be able to stay above 65k$ without selling off on the next day for the first time ever! It seems like trader's are setting bitcoin up for much higher prices, if we make 65k$ our new support! Very nice consolidation after a big impulse candle yesterday. Of course this is subject to change at any time, but for now, BTC keeps looking very bullish.
I last talked about NFLX in early September as it was breaking out and also mentioned that a failure to hold above could send it to $575.37 to test support there. Well, it bounced off of that level and now broke out once again with higher than average volume. I've set a limit order at yesterdays closing price. Lets see how it goes!
* Great earnings * Earnings accelerating for the past three quarters * High relative strength in the Industrial sector * Mostly sideways price action historically but recently broke out of a multi year base that dates back to '08 ($66.45) * Retested the broken multi-year base as support before continuing to make higher moves * Sitting right above broken...
Higher high at 1.42300 area could become a realistic target if the monthly candle closes above 1.4000 psychological resistance. Once this happens we can take this pair LONG to target 1.42300 higher high depending on Risk to Reward ratio. But before this, the descending channel must break convincingly. for this to happen we need strong impulse move which would...
Another quick chart for you guys! This is another asset I have mentioned to my followers in the past. It has started to break out after its consolidation. The target provided was made from the last cup and handle pattern we saw. The target is 20 and was made by adding the depth of the cup to the top of the pattern. I believe this asset will fair very well during...
Looks like KUCOIN:FLYUSDT is ready for trend reversal. I am expecting 300% return after FLY gives breakout from more than 100 days long consolidation. It may move side ways for couple of weeks before breakout, be patient. Follow us for related analysis.
* Great earnings * Strong up trend * High relative strength in the Consumer Cyclical sector * Recently broke above a multi-year base at $50.32 * Has been basing ~8 months * Forming a tight consolidation at the right side of the base * Breaking out with higher than average volume * Maximum probable ROI on this trade would be ~29% Trade Idea: * Now's the right...