$KRA been consolidating around the 200 MA for the last 4 months forming a nice continuation head and shoulders chart pattern. The stock tested the $19.50 price level multiple times and closed right below it on Friday. If you buy a clear close above chart pattern boundary resistance, watch for the down slopping weekly trend line (red line on the chart) as the...
$159 been a ceiling for MSI that is getting breached Today. Could set the stock for a run to $180
Another short I'm tracking for this week is NASDAQ:PS . It formed a 5 month rectangle with $16.40 acting as support. The stock broke the 200 MA and been consolidating right below it forming a month long rectangle failing to stage a meaningful bounce from rectangle lower boundary with $18 acting as strong resistance. A clear close below $16.40 will complete...
on September 25th, I posted about the 4 months breakout setting up. Today, MLM reached its price target and reversed closing the day with a shooting start candlestick pattern. I know some of you bought the breakout and sold at target. Nice Trade! here is the Post from sept 25th.
Day not over yet but watching it closely. Posted about this setup taking place here few days back. link
NYSE:JBL forming a well defined 4 months ascending triangle chart pattern with $35.75 acting as resistance that has been tested multiple times. Volume pattern shows heavy accumulation that started couple weeks ago. The stock closed just below that price level in today's session and looks ready to break out soon.
With $ES_F and $NQ_F forming possible head and shoulders, $YM_F bulls targeting H&S failure.
Possible head and shoulder reversal bottom.
NYSE:UBER been consolidating its rally from COVID19 bottom for the last 4 months forming a cup and handle chart pattern with $38.50 level acting as resistance. The stock is also attempting to clear a weekly down sloping trend line (red dotted line on the chart). A daily close above cup and handle chart pattern boundary will clear both chart pattern resistance...
$SUI is forming a rectangle chart pattern with multiple tests to the $150 price level. What is interesting about this setup is the strong accumulation of the stock for the last 3 days. I have highlighted these days in yellow on the chart. These huge volume days are a sign of institutional buying which would increase the possibility of a successful breakout.
Obvious strong relative strength with volume pattern supporting a breakout and higher prices. Tight sideways consolidation at all time high (ATH) forming 1+ month rectangle chart pattern.
It's crazy to imagine strength in this uncertainty but like i always say, Everything is Possible. And this is Plausible.
I have had multiple blackberries back in the day and loved them. Amazing how they simply couldn't keep up with IOS and Android. Seems even more lower prices on the way if the $4.60 level doesn't hold.
How many times does $77.40 level going to get tested? ahhh 10? lol
This casino stock looks vulnerable to starting another leg lower potentially all the way back to Covid19 lows. The stock is forming a 4 month descending triangle chart pattern with $68.50 level tested multiple times. A clear daily close below that level will complete the pattern and should push the stock lower. 1st target $50 round number.
Quite a few casino stocks are looking bullish! Here is NYSE:TRWH setting up a 4 month cup and handle chart pattern with handle taking on a flag pullback. Day is not over yet but it seems the stock is breaking out of that flag and setting up a run up to $28. A level that has been resistance in the past and a confluence of both pattern and weekly down...
NYSE:CSTM has formed a 4 month descending triangle pattern with a clear horizontal support boundary @ $7.25. The stock has tested that level 4 times during the chart pattern formation. A daily decisive close below $7.25 will confirm the chart pattern breakdown and set the stage for lower prices. Chart pattern price target is around $4.50 but $5 round number...