UAMY - Huge price accumulation - Potential for Huge Breakout - If the larger descending trend line breaks we could see a very sharp increase in price - I would look for an entry upon confirmation of breakout - set alerts - Look out for down side risk if the bottom support breaks first - Very good fundamentals on this stocks too
* Great earnings * Strong up trend * Very high RS in the Consumer Services sector * Earnings steadily increasing quarter over quarter * Breaking out of a ~8 month consolidation with higher than average volume * Recently broke a long term resistance of $152.78 that dates back to 2019 and retested it as support for ~5 weeks Trade Idea: * Now is the perfect time...
After nearly 9 months of consolidation we're seeing the Russell 2000 wake up here into the end of the year while volume picks up. Keep an eye on this weekly close for breakout confirmation.
SHIB has officially broken the descending triangle and is now in a tiny consolidation. If the price breaks above the resistance level of the consolidation area, we could see a potential retest of the ATH. If the price managed to drop through the support level...well you know what that means. Either way, I don't care what the price does, cause you can short it or...
* Great earnings quarter over quarter * Very strong up trend * Breaking out of a cup and handle patter forming since early may of this year * Very high relative strength over 3 months (57.1) in the Industrial sector * Broke out with higher than average volume: 22.05% Note: * Given the market conditions it's better to book some profits earlier and let the rest of...
AUDJPY H4 Similar to what we have on GBPJPY, but as we mentioned multiple times on the rundown, AUD and NZD were the outperformers last week, and may continue that theme this week (break dependant). Simply waiting for a bullish or bearish breakout of this consolidation structure to warrant a trade. If we break downside, we simply look for something else, upside...
Current consolidation below R.zone. What to expect? 1) A possible break-out of the consolidation with a STRONG BEARISH Candle; if this happens, we are selling to the S.zone at 59411. 2) A possible break-out of the consolidation with a STRONG BULLISH Candle; if this happens, we are buying to the 63731 and a possible retest of 62954. if the price level holds...
* Exceptional earnings * Very strong up trend * High RS in the Tech sector * Breaking out of a ~2 month consolidation with higher than average volume (148.8%) * Offering another very high volume entry from the initial breakout point Trade idea: * Perfect time to enter as it's very close to the initially broken level and it has a tonne of volume!
* Great earnings * Strong up trend * High RS in the Healthcare industry * Breaking out of a ~13 week consolidation with higher than average volume (93.18%) * Recently broke back above $57.53 that has been resistance since 2016 Trade Idea: * If you can stomach a little volatility, now is the perfect time to get in since the price isn't too far from the broken...
* Excellent earnings * Very strong up trend * High RS in the Industrials sector * Breaking out of a ~12 week consolidation Trade Idea: * Great time to enter as it's extremely close to the broken level with higher than average volume and earnings report is coming out in just a couple of days.
* Excellent earnings * Very strong up trend * High relative strength in the Industrials sector * Offering another entry point for those that missed the initial break out * High volume entry point (64.63% higher than average) Trade Idea: * As always, this is a great time to enter as it's very close to the level and close to its EMA as well. * If you wanna look...
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* Excellent earnings * Very strong up trend * High relative strength in the Industrials sector * Breaking out of a ~8 month consolidation with very high volume (172.64% higher than average) * Max probable ROI on this trade is 26.08% Note: * Institutions don't buy breakouts, they create breakouts. Trade Idea: * Now is the perfect time to get in since the...
Price currently creating consolidation below RESISTANCE, a Strong Break-out below gives sell off to the SUPPORT at 50977. if the support holds strong then we are seeing a buy to retest the 64566 and a further break-out of the RESISTANCE gives a potential buy towards 70-75k.
Important Things To Note: BTC has reversed ( I mentioned the reversal signal in an update). BTC next leg to 73k. Money has moved into alts, this can be confirmed when looking at pairs. Alts now move with BTC for now. The plan for ADA is the same: 1 - either a small break downwards with bounce to upside. 2 - consolidation to break to upside. ADA has been...
Second beautiful flag just broke out with perfect confluence in replicated pressure with its older flag brother!!!! Shib respecting consolidation theory like a true gentleshib!
* Great earnings * Very strong up trend * High RS in the tech sector * Breaking out of a ~5 month consolidation period with higher than average volume (44.18%) * Max probable ROI is 31.28% Trade Idea: * Now would be a great time to enter as the price is still very close to the broken level and volume is very high * If you're looking for a slight discount you...
Some very bullish news surrounding solona and heavy out-performance over the rest of the market has sent SOL parabolic. But its not done. Expecting more highs to come. - Daily support / resistance has been broke and has held up - Price is now consolidating in small channel atop ATH support - We wait for momentum to drop, a break of of consolidation, and for...