* Very strong up trend since inception * Great earnings in the recent quarters * Breaking out of a ~5week base * Pays out increasing dividends * Has lots of accumulation indicated by the U/D Ratio Technicals: Sector: Consumer Cyclical - Specialty Retail RS vs. Sector: 2.7 RS vs. SP500: 6.71 U/D Ratio: 1.66 Distance from breakout buy point: 0.17% Volume 9.58%...
* Broke its historical resistance of $23.55 which dates back to 2006 with tonnes of volume behind the move Technicals: * Sector: Basic Materials - Agricultural Inputs * Relative Strength vs. Sector: 52.33 * Relative Strength vs. SP500: 8.92 * U/D Ratio: 1.61 * Base Depth: 71.26% * Distance from breakout buy point: 2.35% * Volume 196.27% above its 15 day avg. ...
* This pattern has until June 13th to break out to either side. * Looks good on all time frames * The measured objective of this pattern would be around the $10.19 area. There will be some historical resistance around the 8.16/27 area which may see some selling pressure. Technicals: Sector: Energy - Oil & Gas E&P Relative Strength vs. Sector: 1.17 Relative...
* I last spoke about $BTC as it was about to break down from the bearish flag back in late April. * It has since been on track to reach the bear flags measured objective. * Right now $BTC is carving out a bearish descending triangle which indicates further downside. * The measured objective for the descending triangle is around $17.5k; which lines up with the area...
* Strong recent up trend * Breaking out of a one month base * Pays dividends * Price looks good on all time frames. Technicals: * Sector: Energy - Oil & Gas Refining & Marketing * Relative Strength vs. Sector: 2.07 * Relative Strength vs. SP500: 6.83 * U/D Ratio: 1.25 * Base Depth: 32.41% * Distance from breakout buy point: 1.92% * Volume 14.33% above its 15...
* Steady up trend over the past two years * Consolidated for about 8 months * Formed a cup and handle pattern * Now breaking out of the cup base Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 20.4 * Relative Strength vs. SP500: 18.49 * U/D Ratio: 1.38 * Base Depth: 82.07% * Distance from breakout buy point: 0.33% * Volume...
* Nice up trend * Resisted the current bear market really well * Looks good on all time frames Technicals: * Sector: Utilities - Utilities - Regulated Water * Relative Strength vs. Sector: 3.09 * Relative Strength vs. SP500: 13.1 * U/D Ratio: 1.06 * Base Depth: 24.41% * Distance from breakout buy point: 0.1% * Volume 72.3% above its 15 day avg. Trade Idea: *...
It seems like the 10 year treasury yield formed a head and shoulders pattern. It broke below the neck line on Friday May 20th 2022 which confirms the pattern. Now we'll have to wait and see if it retests the confluence of resistance around the 2.869% area. A dip in the 10 year yield may cause a rally in the tech sector and also in the general market. The...
Notes: * Great earnings record in the past 2 years * Very strong up trend in all time frames * Offering a potential pull-back recovery entry * Recovering with well above average volume Technicals: * Sector: Consumer Defensive - Farm Products * Relative Strength vs. Sector: 4.42 * Relative Strength vs. SP500: 8.38 * U/D Ratio: 1.62 * Base Depth: 14.79% *...
Notes: * Excellent earnings record * Very strong up trend in the long term * Breaking out of a ~4 month base * Formed a larger cup with high handle on the monthly time frame * Broke out with higher than average volume before earnings Technicals: * Sector: Consumer Defensive - Household & Personal Products * Relative Strength vs. Sector: 1.3 * Relative Strength...
* Was building out a cup an handle pattern * Was due to break above $19 but due to the current market conditions it pulled back * Since then $CINT has been in a range that's getting tighter and tighter * Currently it's forming a pennant pattern * The price has to break out of this pennant by May 11th, 2022 either to the up side or to the down side * Just yesterday...
Notes/Thoughts: * Great earnings record * Strong up trend * Breaking out of a ~13 month base with higher than average volume * Recently used historical highs of $65.56 as support * Last bullish hammer indicating tonnes of demand below $67.49 * Extremely close to the broken resistance of $67.49 offering a great risk/reward Technicals: * Sector: Basic Materials...
Notes/Thoughts: * Strong earnings in the recent quarters * Strong up trend in the longer time frames * Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation * Close to the pullback recovery area of $127.11 * Recently tested historical all-time-highs of $114.47 as support ...
* Was in a down trend * Has been in a potential bear flag from mid January 2022 * Despite it breaking down from the potential bear flag, there are multiple levels of support before it reaches its measured objective. * Key level of support being around the $30k mark * The trend line extending from Jan 24, 2022 may act as a confluence of support with $37.5k...
* Great earnings so far * Breaking out of its IPO base with a cup and handle pattern * Sector: Technology - Software - Infrastructure * Relative Strength vs. Sector: 10.83 * Relative Strength vs. SP500: 406.08 * U/D Ratio: 1.68 * Base Depth: 48.82% * Distance from breakout buy point: 1.81% * Volume 39.73% above its 15 day average. Trade Idea: * Playing the...
If this week closes above $4500 for the SP500 it would be a bullish engulfing week. So far, for the past few weeks we've been going sideways between $4400 and $4550 on a weekly closing basis as the volume declines. The volume declining as the price consolidates indicates a bullish outlook. If the bulls maintain the price above $4450 it would put in a Higher Low...
Notes/Thoughts: * Strong up trend in the recent years * Okay earnings with growth expectation * Closed just above resistance of $9.07 * During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average * A high Relative Strength along with the high UD Ratio shows this may be ready to move higher. Technicals:...
Notes: * Excellent earnings * Very strong up trend in the long term * Breaking out of a ~4 month cup and handle * Printed a pocket pivot * Good earnings report Technicals: * Sector: Real Estate - REIT - Industrial * Relative Strength vs. Sector: 1.69 * Relative Strength vs. SP500: 5.56 * U/D Ratio: 1.15 * Base Depth: 19.23% * Distance from breakout buy...