$AEM has been trading inside a parallel channel since Aug
Yesterday we had a breakout on more than 3X 20MA volAvg
MACD has crossed up , price trades above all major MAs
Potential target around 90+
$DHI showing strength like all the " housing" related stocks
Bounced from the 50EMA
Closed above the downtrend, above the 20 EMA, 5/10 EMA crossed up yesterday, all this on abive 20MA VolAvg
Long with target $76+
$AAWW daily chart held the 50EMA and bounced all the way back above the 20EMA
Sector shows relative strength in the past 2 sessions
Price closed above downtrend line , above 20EMA and we had the 5/10 EMA cross up yesterday
A push above 58$ could see this squeezed to ATH area above 60$
$NIU is breaking out of a beautiful classic pennant on daily chart
Yesterday the 5EMA crossed up the 10EMA
Price trades above all major MAs, RSI at 61 with plenty of room, MACD ready to cross into positive area
Also notice the volume in the past sessions above the 20MA AvgVol
They tried to push it back today after the open, retested the 20EMA and we are looking at...
$PENN has formed a classic Cup&Handle pattern since the pandemic started and is now looking to breakout from it
IMPORTANT NOTE: company is reporting ER TODAY before market opens.
Price is trading above all major MAs, RSI is 61 , MACD just crossed the signal and in positive area
IF the stock closes above cup neckline around 19.20 (ideally on volume bigger than the...
$ENPH has a beautiful cup&handle pattern from where it has tried several times to breakout
MACD looks very good crossing up and turning positive, RSI is at 69 but this stock has a history of melting up in overbought area
Company had ER yesterday , beating the expectations and the move up was on 2.5 times more than the 20MA VolAvg
Also worth noticing the 20EMA...
$MIME has been trading inside a classic ascending triangle since early May and has broken decisively yesterday on almost double 20MA VolAvg
RSI at 65 and MACD in positive area, both with plenty of room to run before overbought condition are met
Stock trading above all 3 major MAs
Measured move target is around 51.48
$CL is breaking out of a month long ascending triangle pattern on volume bigger than the 20MA AvgVol
Notice RSI is breaking out also above 60 and MACD is about to go positive. Both with plenty of room before overbought condition.
Company reports earnings Friday, 31st on July BMO, so it could be a classic ramp up before ER
Measured target from the technical...
Daily chart of $PEN has a beautiful C&H breakout this week with a close above the cup neckline
Stock price trades above all major daily MAs (20,50, 200)
MACD and RSI both in expansion mode with plenty of room to go until overbought conditions will be reached
Measured target from the pattern is around 264.62
$JD stock price has traded around the 35.50 level for the past 5 years (dotted black line) and this level has been resistance from 2015-16 to support between 2017-2018 and then resistance again since mid 2018
After last support break the stock price drifted lower until it bottomed around 19.20 levels after the DEC'18 selloff
Since then the price has formed a nice...
$THRM stock price made an intermediary top back in SEP'18 and since then it has traded downwards inside a nice wedge
After a failed move it has managed to breakout in OCT'19
Result that came out at the end of OCT'19 were not great and the stock has retested the breakout , but the price action held above and now the stock has resumed the uptrend
MACD and RSI very...
$KTOS stock price topped last summer in JUL'19 and after modest ER has dropped until around 17.40 where it found support
Since then the stock has been trading inside a beautiful descending triangle, until last week when it broke out on the back of the middle east tensions(we are talking about a security and defense stock after all)
Notice the big volume on the...
$LW has bottomed around MAY-JUN'19 and since it has traded upwards forming an ascending triangle, with resistance line around 83.86
Last week has broken AND CLOSE above that level on the back of better than expected earnings
All this would have been great if the MACD and RSI were not that high into overbought area
Ideally look for a retrace and possible retest of...
$BK stock price has been trading for almost 2 years inside a descending parallel channel
After good earnings report in OCT'19 stock has risen fast and notice the accumulation bars on the volume chart
MACD and RSI in expansion mode
In order to participate look out for a breakout AND CLOSE above the descending line
Measured targets are:
T1 - lower edge of the...
$SILK stock price has formed a beautiful clear C&H pattern on the daily chart
The key level is 38.00 , so watch out for a breakout AND DAILY CLOSE ABOVE that level in order to participate
MACD an RSI fully support the move up
Measured target is around 48.17
$WYNN stock price has bottomed in DEC'18 and then after the local top in APR'19 started to trade inside a symmetrical triangle and in the same time descend inside a parallel channel
Last week on the back of the US-China trade agreement and more important , on news that president Xi will visit Macau for 3 days and unveil a plan for further development and...