CAT broken out of bull flag and taken out previous bull flag high to continue short term trend. EXP just behind, expecting a similar move to CAT short term
* Good earnings
* Very strong uptrend since the 2020 crash
* High 3-month relative strength in the Basic Materials sector
* Breaking out of a ~9 month base with higher than average volume
* Created a double bottom during the ~9 month consolidation
* Second half of the double bottom can be considered a cup and handle pattern as well
* Currently consolidating right...
Long term uptrend since march 2020, one that is likely to continue. Price is resting nicely along the trendline and we can see some bullish pins for the enter.
William Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is above 70, so the stock is overbought.
Candlestick patterns : there are three white soldiers which are a bullish confirmation.
...
Always buy your puts when the market is going up when you trade weekly charts. This will roll over from poking its head up over 100 if it can.....should have a target of 85. One could also use the Oct 105 and // or 100 puts to initiate this position.
NYSE:EXP
$EXP Building Materials risk reward turning to long side trade here. 106.10 holds should see 117.90. #swingtrading
Short side target would be 95.52 but price is holding 200 MA area and MACD may turn up here also.
$EXP SQZMOM green, MACD turned up good vol, 50 MA support test. #watchlist #swingtrading #premarket
When the MACD turned up recently that was reason enough for a trade. We did not take the entry and now that we haven't we are waiting for the price to be above the MA's (still has to clear 100 MA - blue) and for he 20 MA (light blue) to cross up through the 50 MA...
