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.
No trade yet.
Stock in strong uptrend.
Watching for upside break of small consolidation, and then a break to new highs.
Decent reward to risk of about 2.75:1...Can also use a trailing stop loss.
Target is based on catching the next major thrust only, as the price then tends to consolidate for a while.
Trade only considered if the stock breaks higher.
ORBK is in a strong long-term uptrend. Multiple times it has consolidated near prior peaks and then broken out for a 10%+ advance.
No trade yet. Letting the stock consolidate. It if does, then will consider a long trade on a breakout higher. Do nothing if the stock breaks lower first.
High momentum stock, so could also use a trailing stop loss for exit instead ...
The stock is in a long-term uptrend. It pulled back and found support near $19 on multiple attempts to move lower. With some recent strength, there is the potential for the uptrend to continue.
Decent reward to risk. If we don't see follow-through strength in the next couple days, the pullback choppiness will continue until we get a definitive break, preferably on ...
Interesting setup here in a relatively new stock.
Pulled back from a strong trend.
Has popped out of the pullback, and another pop from this tight consolidation could send it up and away.
Beware of the low volume.
Reward:risk is quite good...assuming we can get a similar rally to what has happened prior.
Could also use a trailing stop loss, such ATR ...
Generally trade stocks in strong trends, but the turnarounds can be good as well. Strong price action starting in March, with a cup and handle type formation. Provides for a decent reward: risk with a stop loss near $4.60/50.
Price needs to break and hold above $5 to signal another advance.
Generally, quick turnarounds following the pullbacks.
Decent reward to risk, although expected percentage gain is not that high.
Have had a quite a few trades in these timber stocks over the last couple years.
Trade triggered on Friday. If not in, need to wait for a pullback to the entry area (only if it happens in next day or two). ...
There has been a short-term momentum shift in this stock. Following a swift pullback in the long-term utprend, the price recently rallied aggressively, erasing the last leg of the pullback. This could indicate the next up phase is starting.
Target is fairly aggressive for a short-term trade. If there is a strong reversal near the target, just get out. Trailing ...
Great reward:risk on the indicated swing trade. At the time of the trade there was some room before the price hit resistance. It is moving into the resistance area with strong momentum, so I don't mind holding to see if it can break through.
Given the clear resistance level, if the price doesn't break through this time, will exit if the price moves close to the ...
Long-term uptrend, and recent pullback could be near an end as the waves lower have been getting smaller showing decreasing selling pressure. Getting in for the next rally.
Strong momentum in this stock recently. Has been consolidating. Watching for a breakout of the consolidation to the upside.
No position yet. Potential profit based on profit target is about 16%, although the reward:risk is weak at 1.7:1. That said, it is likely to be a relatively quick trade if it triggers.
Strong uptrend, with price recently pulling back. Recent consolidation breakout to upside signaling the next up move could be underway. Decent reward:risk, even using the lower of the two targets. The higher target, or a trailing stop loss, will be used if the price rallies aggressively in the next several sessions. If it is meandering or slow, will get out at the ...
Relatively straightforward swing trade in PBL.To. Stock has been in uptrend and recently pullback. On May 7 it broke it out of a consolidation to the upside, indicating a potential continuation of the uptrend. Reward:Risk is great at close to 6:1. Approximate trade levels marked on chart (my exact trade levels may vary).
Finding and trading stocks is covered in ...
This trade has not triggered yet.
Uptrend, but currently in a pullback. Would need to see the price break above the current consolidation to provide some evidence the uptrend is continuing.
Reward:risk is approximately 3:1.
GCM.TO is in a similar position. Ultimately, for either of these stocks to really make a big move we will want to see silver and gold ...