Looks ready to run. Volume pattern pointing to accumulation and higher prices. A daily close above $70.25 would trigger a long swing entry.
NASDAQ:RUSHA is consolidating at ATHs forming a 1 month rectangle chart pattern. The $38.65 level been acting as resistance. A daily close about that level should propel the stock into higher prices and trigger a long swing trade entry.
The company report earnings tomorrow before the open. The stock is showing nice volatility contraction at ATHs with clear resistance level @ $24.85. A daily close above that level will send the stock to higher ATHs and triggers a long swing trade.
NYSE:BOOT is on my watch list for a long breakout trade. Broke out of a 4 month cup and handle chart pattern early last month and looks set to resume its uptrend. 1st target around $40 round number. Day is not over yet, but so far, seem like the stock want to end the day above $33.85 resistance level.
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. Worth watching closely for a swing long and resumption of the upward trend. Remember, there is...
NYSE:SCL has been trading right below its ATH zone forming a 4 month continuation head and shoulders chart pattern. The $119 neckline price level has been tested multiple times in the last few weeks. A daily close above that level will send the stock back into ATH territory and trigger a long swing trade. Stock been holding very well against the market sell...
Trading at half back from Sept to Oct rally. Bulls should make a stand here.
Some stocks stay on my watchlist for months on end before a chart pattern setup takes shape, and NYSE:MR is on of these stocks. After watching it for 3+ months, the stock is getting really interesting. The stock is working on final stage of its 6 month Head and Shoulder pattern. If you are looking at the daily chart, the H&S is a continuation head and shoulder...
NYSE:CUB put in a powerful gap through the 200 MA and has been digesting that gap and run for the last 4 week. The stock closed right below $61 level that has been acting as resistance. A clear close above that level should trigger the next leg higher to $70 and $75 price targets. Volume pattern a bit weak and the stock need to see big buyers come in to get it...
NYSE:OSH Nice tight consolidation around ATHs. A daily close above the $54.75 level will be the highest daily close for the stock and could setup the next leg higher into uncharted territories with literary zero overhead resistance.
NASDAQ:MU is forming a 5 month head and shoulders continuation chart pattern with $54.50 price level acting as chart pattern neckline resistance. A daily close above that level will trigger a long breakout entry trade. Target for at least partial profits is around $60-$61 which is also the swing high from Feb pre-covid19 sell off.
NYSE:THC is forming a 3 month continuation head and shoulders pattern with $30.25 acting as strong neckline resistance that has been tested multiple times. A clear daily close above that resistance level will confirm the pattern and trigger a long entry with price target up to around $39 price level which also happens to be the 52 week high.
I've alerted the breakout setup on October 14th. Strong powerful breakout! here is the link to post from the 14th.
Restaurant industry is back at levels before covid19 and NASDAQ:BLMN has been consolidating its run up right below $17.70 resistance level . I'll be watching this tomorrow after earning report is out of the way. A daily close above that level could trigger the next leg higher in the stock.
Both Nasdaq and S&P are testing their respective breakout support.
$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.