You probably have seen this a million times on stock social feeds so there is your million and one :). I personally think there are much better setups out there but its $AMD we are talking about so had to share it :)
Another Stock setting up a potential breakout to new ATHs.
Other than the angle of attack remark annotated on the chart, CrowdStrike has a lot going for it. The weekly chart looks much cleaner. Earing this coming Wed. could be the catalyst to take the stock over ATHs.
One of the stocks I'll be closely watching next week. Possible downtrend break and start of a new up swing.
1) Tight price action right below $7.20 resistance level (Positive) 2) Huge up volume on earnings with unfilled gap (Positive) 3) One negative to this setup is the overhead resistance @ around $8.25 which is about 13% above resistance line (Negative) On the watchlist but not my 1st choice trade because of that overhead resistance.
Nice 3 days consolidation right below pattern resistance. There is a multi year weekly trendline right above that breakout level (red dotted line on the chart and going back to 2018). watch price action around that level on a breakout.
Nice potential breakout setup to ATHs. Attaching chart pattern resistance early today.
Could hit that level today or early this week.
Annotated on the chart. Was it not for the heavy volume selling few days back, this would be a chart I would have a great interest in. When the pattern is giving mixed signals, i normally pass on the trade. I currently have 11 long positions on with all well in the green except 1. As such, I'll be passing on this setup but will keep it on my watch list to see...
I came across this stock during my scan last night and picked up few shares early in the trading session today when the stock was trading just below $45. Multiple things setting up here: 1) A break of down trending trendline could signal the start of a bull move for the stock. I have entered here in anticipation of a bigger pattern breakout of the head and...
Texted book continuation head and shoulders pattern.
Great example of relative strength. Here is what I said when the setup was taking place --- "This footwear maker been showing some glaring resiliency to the market sell off holding strong at the upper rectangle chart pattern boundary for days while the market is dropping like a rock. For some reason, institutions are not selling this stock, at least not yet....
Great breakout/pullback/breakout setup example that I pointed out while it was forming.
Back in September, I alerted to the rectangle breakout opportunity that was taking place. The stock broke out strongly from that consolidation pattern and is now forming a 2 month consolidation rounded base and setting up for breakout round 2.
$REGI seem to have put in today the right shoulder of its 2 month head and shoulder continuation chart pattern. The chart pattern is forming after a strong rally from the June low. A daily close above chart pattern neck line (blue line on the chart), should end this consolidation phase and send the stock on its next leg higher.