$HEI is forming one of my favorite setups in where a chart pattern breakout will also complete a weekly trend line.
1) A head and shoulders continuation chart pattern breakout (blue line on the chart)
2) Already broke a Weekly long term down trend line (red dotted line on the chart)
3) Recently cleared 200 MA
Chart pattern target around $130 price level.
$GOGO had a massive 180+% rally from a 3 moths cup and handle breakout just short weeks ago. The stock has been digesting that rally moving relatively sideways forming a 1 month cup and handle pattern. the stock closed right below chart pattern resistance on Friday and it looks ready to breakout and start its next leg higher.
Industrial Machinery sub-industry has multiple bullish chart setups forming. I have posted about $ITT last week and now $OTIS. The stock is forming a 3 month head and shoulders continuation pattern with neckline @ $66. That level has been tested multiple times. A breakout next week will push the stock into all time high territory!
NYSE:SAFE has had an amazing run rising over 3 folds after breaking out over $20 resistance level back in early 2019.
The stock has been consolidating these gains for the last 8 months forming an ascending triangle chart pattern. This is a weekly breakout setup with clear resistance area around $70 that has been tested multiple times. A clear daily close...
NYSE:ITT is forming a cup and handle chart pattern with a well defined resistance area around $65. That price level has been tested over 6 times including in today's session. A daily close above that resistance chart pattern boundary will trigger a long swing trade.
Chart pattern price target is around $77 but profits (or partial profits) should be taken around...
NYSE:HMLP has formed a 5+ month rectangle chart pattern with $11.90 acting as strong upper boundary resistance that has been testing multiple time. The stock looks ready to breakout this week. A daily close above that level would trigger a long breakout swing entry. Breaking the rectangle upper boundary will also create a breakout away from the 200 MA adding...
NASDAQ:REYN is setting up an interesting long setup inside of its 5 month rectangle trading range.
A potential close above $32 will:
1) break a 2 month down-sloping trend line (dotted red line on the chart)
2) break 1 month rectangle upper boundary resistance (red line on the chart)
3) trigger a high probability long swing trade with a target back to the 5 month...
NASDAQ:ZUMZ is setting up a 4 month cup and handle chart pattern with $31.50 acting as chart pattern resistance. The stock will face some resistance at pre-Covid 19 high around $36 and if cleared should head higher to target the $42 level chart pattern price target, which is also the highs from 2012 and 2015.
NASDAQ:ECHO has been consolidating for 3 months after its breakout from a massive 9 months head and shoulders pattern forming a rectangle chart pattern. The $28 level has been acting as resistance. A daily close above that level will end the rectangle consolidation and should send the stock towards its 9 months head and shoulder target around $32.
OTC:FANUY is forming 5 month possible head and shoulder continuation chart pattern. The $20 chart pattern neck line has been tested numerus times through out the years going back all the way to mid 2018 (zoon out to the weekly chart for the bigger picture).
A daily close above $20 will finally break that wall of resistance that's been acting as a ceiling for...
MAG Silver Corp is setting up a possible nice breakout trade from the $18 level. The stock closed at an ATH on Friday and well above that $18 critical level that was tested back in 2016 and 2007. Notice the bear trap on 09/23 with the stock closing below rectangle support for one day only to rally the next day. This bear trap, I believe, will end up pushing the...
Very interesting bullish setup forming on gold futures. After a strong rally that sent gold to all time highs early August, the shinny metal been pulling back forming a 2 month bull flag pattern.
There are 2 interesting bullish confluences taking place:
1) Gold found support at the rectangle chart patter price target where it bounce in late September (Green line...