Great cup on this breakout and this stock is doing well. The options are not holding HIGH OI, but i would look at OCT 185 calls for 10.30 but know the spread is 60 cents so this will loss that 60 per share until it moves to make it up. I think it will hit the 200 level within a few months....
Rost has earnings coming out in 9 days, look for it to breakout prior and run into earnings....this would offer a nice upside potential to 60s, but it could take longer to breakout. Stop would go below breakout once it breaks with a 7-8% stop and need volume to support the move
The overall market MUST be in tune for this to work, but if it is PCLN is looking like a strong move out of cup and could run to the target levels. I suggest an 8% stop, but this is a lot on a high priced company...so use proper position sizing. Consider options and maybe a 20% risk on the options...
This stock has created a strong base in the cup formation wait for breakout, it is in the health space. I projected the cup low reversed to breakout for target, but would be taking profits on way up..wait for breakout with volume
UA moving higher, this is a trade you can take in a few ways. 1. Wait for today to close and then watch for tomorrow if breaks todays high then take the trade long 2. Wait for today to close and then watch for pullback, when bounces (pivot) buy on bounce which happens often around gap as support 3. Wait to see if fills gap then don't trade off that. The gap...
This is a double strategy with a gap and go and a cup breakout. Thus I would look to buy either tomorrow if a break above today's high or wait for a pullback to gap and then a pivot allowing opportunity on the bounce to buy with stop in the gap look for a strong run on this stock.
Look for a breakout volume has increased, I would expect a 25-30% run with a prob 8% stop or risk....this is a newer stock and can move fast if interest...
TSLA has created a nice cup, technically this could be a good 25-30% move...watch for this and manage risk but since the bottom it has moved very well
In Bolting RS lines screen. Closing in top of range for last several weeks, near buy point of 145.10. MF breaking positive, MACD turning positive. Shallow enough base 11%. Margins and Sales growth are a bit lacking. Earnings estimates have been revised down, and are low at 14%. Harman Intl Industries (HAR)NYSE 04/20/2015 (Market Close) IBD Stock Checkup...
This stock has done well, it may not be exciting but shows strong base in it's cup formation. Not a lot of options so consider stock purchase. Stop is about 8% down from buy today. I measured bottom of cup and projected it out for the target. For a time frame you can take the same amount of time it took to build the cup, however again these are just ideas...
Netflix has made an easily recognizable double bottom shape, in this case since the trend is not reversing but instead continuing it goes by another name, the Cup and Handle. Others might see it as an ascending triangle.
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.
I have successfully traded this pattern in the past so am a bit of a fan. Normal to a long position but all works the same to the short side. I like this pattern as a trend continuation pattern. I only ever trade it on the daily also. I will post the weekly chart as well so you can see that it's formed after a long down trend has been in place. This current set up...