brycat23

brycat23

LULU is entering a really important level here and is close to breaking out of a ~3 month descending channel. As a result, I would expect a strong move at breakout if we get one and a swift move to 483 with a high chance of testing 491 in the next few trading sessions.

brycat23

Key Takeaways: +Since ER gap up we had a continued uptrend leading into this tight $15 descending channel which I am approaching with a slightly bullish breakout bias provided we hold the key demand box +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA meaning we are in a healthy uptrend +I would expect ~$15 move topside after breaking the TL resistance...

brycat23

Key Takeaways: +Consistently making higher lows after strong uptrend and is forming into rising triangle on flat supply zone for ATH breakout +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA +I would expect ~$9 move topside after breaking 289 which would send us to 298 & ATHs, based on the height of the rising triangle consolidation pattern

brycat23

Key Takeaways: +Consistently making higher lows (5 times) and squeezing into triangle on flat supply zone for ATH breakout +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA +After running up from 260 in early Jan we've found a horizontal supply zone at 308 which we should squeeze into should we continue making higher lows +Breaking 308 will send us to ATHs...

brycat23

Three Black Crows on Weekly: Increasing weekly selling pressure after rejecting 2021 trendline resistance - these look like 3 black crows off resistance IMO which is a strong bearish reversal indicator. Gravestone Doji on Daily: Not shown here but he daily close was a gravestone doji right next trendline support.. We could bounce but seeing strong selling...

brycat23

Really nice bullish setup here on AVGO with possibly Cup & Handle forming - hoping we see some consolidation in the form of a high and tight handle and then are able to break the 1002 level with some gusto. ADD IT TO YOUR WATCHLIST!

brycat23

Far and away my favorite bullish setup for tomorrow. We have a really strong recovery from the selloff followed by an extremely high and tight consolidation at overhead supply, above which there is gap fill potential. On the break of 380 I have targets of 382.5 (PT1), 387 (PT2), & 391(PT3 & reach target). Please see the chart for more details!

brycat23

MSFT: I see another potential bullish play setting up here for a possible day trade. Key level to watch here is a break above 377 which would prompt a fast move towards 380 (PT1) and 383 (PT2). Please see chart for details!

brycat23

Short term bullish bias based on falling wedge continuation play. Ideal price target after confirmed breakout ~260. Please see the chart for more details but essentially, we have a nice bullish consolidation pattern here and within the pattern on supply and demand retests we are already seeing buyers showing relative strength vs sellers which bodes well for a...

brycat23

Strong bull flag continuation pattern forming here on ABBV. There's big gap fill potential above supply zone so expect resistance break to get us to 159 quickly. Gains after that should be slower but expecting an $8-9 move above current supply zone based on the height of the flag pole. Please see chart for more details.

brycat23

Bullish Setup - Cup & Handle Why I Like It: 1) Retracement to cup bottom isn't TOO deep (11% off of resistance highs) 2) Handle retracement isn't too steep or far ($490) from cup resistance levels ($505) 3) Good bullish trend has been established leading into consolidation (20 day > 50 day > 200 day) 4) This feels like a good 'cool down' as price is reverts...

brycat23

Bullish above TL support and 520 - See chart for supporting evidence and details.

brycat23

Breakout likely won't happen for another 5-7 trading sessions but it's a nice setup with good R/R potential when breakout occurs.

brycat23

Based on the price pattern, longer term support levels, shift in sentiment and SMA backtesting during uptrend I would expect to see FIVE at around $117 within 2-3 weeks. Falling wedge had a height of about $15 from the formation and on these three efforts back testing, 20 session SMA cross overs resulted in an avg gain of 15% during the uptrend which would put...

brycat23

Cup N' Handle forming on the 4 hourly and bullish sentiment seems much stronger at these price levels heading into the ER later this month.

brycat23

See chart for details

brycat23

WFC is in what I believe will be an inverse head and shoulders and I like long dated LEAPs or stock buys and hold with a stop loss at $24. Great R/R if you can hold for a long while; trading at 57% discount from pre COVID highs and the RSI is beginning to show less extreme red days and this support zone seems to be a good one for a bounce 👍

brycat23

Detailed explanation of the bull flag and why the bearish divergence isn't an end-all bearish sign in FB's case. All details are in the chart!