This stock has been ranging for a long time. It has not closed above $3 before. Currently, it is trading at $3.12, looking to smash through. We will see how it closes.
In the more than 2- year range the price has broken to new highs only to quickly fizzle. Be aware of that.
Short-term arget near $3.35....although I prefer to use a trailing stop loss given the...
Dexcom has made a significant move above resistance, assuming today's gains hold. It is still early, and volume looks good, so if the price stays up it should be a solid volume breakout.
This stock held up well while the market was tanking.
Price target is an estimate (always). I am using a trailing stop loss on this one.
This stock has had an amazing run already, and it is setting up again. The stock has formed a rounded bottom continuation pattern.
I don't have a trade in this one currently, but since it is a rounded bottom I will wait for the next pullback. This has nothing to do with trying to get a better price. Rather, I want to see the pullback stay above the prior...
Metalla Royalty, trading on the Venture exchange, has started to form a rounded bottom continuation pattern. This could set up a trading opportunity if the price pulls back, consolidates, and then breaks out of the consolidation higher (at least this is how I like trade the pattern).
I have put estimated trade levels, providing for a roughly 3:1 reward:risk.
Emera has been a strong performer, pushing higher throughout the broader market turmoil. The stock hit my target of $55.96 today so I closed out the position, but the chart is still looking good.
It broke out of a range today, on strong volume, indicating there could be another push to the upside. That provides a target of $58.50 to $59.
Earnings are due out on...
WSP is moving out of a rounded bottom continuation pattern this morning, andd closing in on the 2018 highs. Swing trade possibility for an 8% to 15% run based on similar prior patterns.
That puts an initial target near $81 to $82. Trailing stop could be used in case we get a bigger run like in May/June 2018.
Careful: low volume stock. Earnings in early...
Stock is once again pushing toward new highs.
Watching for a breakout above 191.50 on increasing volume. Will only take a trade once that occurs, as want to keep the stop loss relatively tight on this one.
If this occurs, looking for a target between 220 and 240. Trailing stop loss can also be used.
Disclosure: no trade yet, but may open soon if conditions favor it.
Dexcom rallied off the lows of the range and is now consolidating near the top of a year-long range.
Watching this one closely. About a 3:1 reward to risk with a stop loss below the consolidation and a target between 196 and 200. Want to see high volume on the consolidation breakout to show there is likely enough conviction to break above the range high as well....
Watching for a breakout (happened) and close above $86 (hasn't happened as of July 18 mid-day). That could signal another advance after a consolidation period below $86. The shakeout/false downside breakout in June was a good sign for the upside.
Swing trade target is about 8% above the breakout level, near $93. With a tight stop loss the reward:risk is greater...
The S&P 500 remains in a strong uptrend based on price action. The price has broken out to new highs, but a pullback to old resistance/new support is likely. This could set up a situation similar to 2016.
On the other hand, a continued drop below about 2900 could trigger some panic and result in a larger decline. It is also worth remembering that, at least at the...
Currently long on a "front-running" trade for this triangle pattern. (vantagepointtrading.com)
After a strong run higher prior to the pattern, looking for a continuation. Will be watching for confirmation with a break higher out of the pattern, and may add to the position at that juncture.
There are two...
I like these cup and handle type formations where the handle forms just below the prior high. The handle breakout can usually cause enough of a push to eclipse the old high. A move above the old high then tends to attract more traders which can further add to the push.
The reward:risk on the trade is mediocre at 2:1. This is a second-chance entry based on a...
GC .TO is moving higher again after a flag pattern . That pattern also occurred near a prior swing high creating a small cup-and-handle-like pattern.
Looking for a move back toward the 2018 high. Around $56 I will start watching it very closely. Any weakness and I will get out.
While the reward:risk is about 2:1, the downside is that target is only about 6%...
Price has fallen to a rising trendline and is consolidating after a false drop below a prior low.
IF (and only IF) it breaks higher out of the consolidation is this a potential long trade.
I like the consolidation because it allows for well-defined risk control, with a stop loss placed below the consolidation or recent low.
I also like that the Nov 20 low...
Watching for a consolidation breakout in Bausch.
With the market downturn, I haven't taken many long trades lately. But this one popped up on the screener the other day. It is consolidation near a recent high. Prior patterns like this have seen the price run higher... if it breaks the consolidation to the upside.
Expected profit is roughly 20%, while downside...
Strong stock is breaking out today on stronger than average volume early in the session.
This is the second trade of this type in the last several months, with the last trade running about 40% after the breakout. Once again I am eyeing a target of about 35%, providing a reward:risk of almost 5:1.
BHC recently broke out of a consolidation after putting in a rounded bottom. This pattern has played out three times over the last year, moving about 20%+ over the former high. This trade takes advantage of that same pattern with a target just under 20% away from the entry and a reward:risk of about 3.5:1.