NYSE:CHWY fell short of its rectangle price target by $0.40 cents. When you enter a trade, use your trade management skills to judge when to exist your trade. I posted about the breakout here.
NASDAQ:TTMI TTMI has been moving sideways for the last 2+ months forming an ascending triangle chart pattern that looks set to make its breakout next week. Chart pattern price target indicated on the chart.
I posted about NASDAQ:FTNT rectangle consolidation pattern. The stock sold of after earning and bounce right of rectangle support. here is the chart from yesterday
NASDAQ:REAL has been trading in a trading range for the last 3+ months forming a rectangle pattern. The stock price is stilling right under 3 resistance confluences (200 MA, Weekly downsloping trend line, and rectangle resistance). A breakout above these 3 levels will set the stage to a leg higher and a trigger of a long trade. REAL reported earning this evening 08/06.
NYSE:HUM looks ready to breakout from its 3 months consolidation rectangle chart pattern. The company reported earning today and the stock seems to be heading for a breakout to ATHs.
Another very well formed 3 month rectangle chart pattern and this time on NASDAQ:FTNT . If the breakout takes place, the stock will be trading at ATH. Keep an eye on it.
NYSE:SWCH been trading in a tight rectangle formation with the price bouncing between $17 and $19. Earnings set in 2 days could be the catalyst for the stock to finally breakout starting the next leg up in the stock. Add it to your watch list and watch for a daily close above rectangle upper boundary for a long entry.
It could still fail to materialize. Everything is possible when trading, including patterns than never confirm (breakout or breakdown) and patterns that fail before they are completed. NASDAQ:REYN is a good example. This was one of my top watch list stock. i posted about the double pattern developing inside of each other few days back(chart below). Earnings...
NYSE:QUOT broke out 2 days before it reported earnings with plenty profit buffer to allow for a hold through earnings. The stock exploded this morning post earning report. I alerted to the ascending triangle breakout pattern few days ago here.
NASDAQ:TAST broke out few days ago and reached its price target. i posted about this breakout setup here.
NYSE:UTI has been moving sideways for 3 months forming a well defined rectangle chart pattern. The stock has tested the $7.75 price level 5 times in the last few weeks. A break and daily close above that level sets the stock for a run to its chart pattern price target around $9.50, a 21% price increase from breakout level. Earnings coming up in 2 days. Add...
NASDAQ:DGII attempting to breakout of its 3 months ascending triangle chart pattern ahead of its earning report in 2 days. Add it to your list and watch price action post earning report for a long swing entry. #KeepitSimple
NQ1! is smack at its 1 month rectangle pattern resistance after 4 up days.
NYSE:RNG breaking out from a 3 months well defined #rectangle chart pattern to all time highs (ATHs) ahead of its earnings reports later this evening. Add it to you list for a possible long entry after that's out of the way.
No, I won't be participating. Earnings are after the close. Would rather wait until that is out of the way and if it runs without me, there is always another bus to catch.
NYSE:WMS has been trading sideways for the last 2 months forming 2 month Ascending Triangle Chart Pattern just below ATH. The price tested $51 level multiple times in the last few weeks and looking to breakout soon. #KeepItSimple
NASDAQ:REYN is forming a 3 months continuation inverse head and shoulder chart pattern inside of an ascending triangle chart pattern with $36 acting as a strong resistance level. The price will be breaking into ATHs upon chart pattern completion. #KeepItSimple
NYSE:NGVT has formed a 3 months ascending triangle chart pattern with the price testing the upper boundary multiple times. The price has been resting right below that resistance level for the last few sessions and could breakout soon. Chart patter price target identified on the chart but the weekly 200 MA is coming in at around $68. Watch that level after the...