SIMO puts in 3 strong days with high closes since the breakout. It is now too far extended to buy, but it was almost my pick on 4/13/15, but I went with QLYS instead since it was a bit closer to the buy point at that time, and QLYS had better fundamentals. PERFORMANCE WITHIN GROUP (SIMO) SILICON MOTION TECH ADS RANK WITHIN THE ELEC-SEMICONDCTOR FABLSS GROUP...
I love the company CYBR right now, even though I'm not used to buying these newer hot issues, I think this could be a smart one to buy. It's at an official IBD buy point, and it has a nice cup with handle pattern, it's a leader in its group and is in a strong group 7/197. The only concern I have is that it is so volatile. The last base was 25% drop. I would...
GPN has just broken through the $100 mark and the chart patterns suggest price could go higher. However, when this stock hit $50 (in 2006) it moved into an extremely prolonged consolidation. This lasted until the end of 2013 and the range was deep (between about $30-$55). For this reason I would recommend sitting tight until the $100 mark is comfortably cleared...
DST has a couple of good continuation chart patterns going on. A cup and handle formed below the $100 figure. $100 can often be a strong resistance/support zone. But once price broke through (and confirmed the cup and handle) this chart pattern suggested price could go higher. More recently price formed a double bottom - another continuation pattern suggesting...
Juno looks poised to go with its nice base, would like to see more volume, but this is worth a look. Took base of cup and projected it out for target. Options weak would look at stock purchase
This stock has done well, it may not be exciting but shows strong base in it's cup formation. Not a lot of options so consider stock purchase. Stop is about 8% down from buy today. I measured bottom of cup and projected it out for the target. For a time frame you can take the same amount of time it took to build the cup, however again these are just ideas...
HII has relatively little data but so far the trend has been good. Most of 2014 was spent in consolidation (a cup and handle on the weekly chart) but since then the trend has become well established again. On the daily chart the pivot high was broken several times with fake breakouts but by early 2015 a solid retest had occurred. Since then there have been...
Never traded this pattern, just playing around with chart. Will see if this really materialises. This pattern has to break the neck line to go go long. This can go short Link fo reference of pattern : www.forex-central.net
I last looked at JOY on 12th December 2014 when it gapped down (confirming an inverted cup and handle formation). At the time there were still a few support zones to tackle - plus earnings. So although I felt that in the longer-term price would continue to fall I wanted to wait for price to clear these hurdles. Unfortunately this meant waiting for the cup and...
Double bottom. The bottoms are separated by about 2 weeks. I got in this exactly on the second turn, so up over 16% in two weeks — not too bad. Strategy: If it gets to the "Handle Zone" (see chart) and a turns right back up against the resistance line, I will buy more. I think that that would signifiy a breakout with nice gap at way up there at 32.37. If so,...
SPG caught my eye yesterday morning with 14th January's bullish bar on the breakout (and with higher volume). But it was trading below $200 so I passed it by. However, during the day price traded just above $200 ($200.42) so there could be continued strength to the upside. This is supported by the cup and handle pattern which formed below the May 2013 pivot high....
HHC is a little low on volume for me to trade but I like the sell/short set-up currently on offer. Price has the potential to fall to just below $104. There is currently strong support at around $100 (as seen from the weekly chart) and, if price approaches this level, we need to we aware of the weekly 200ma (which may come into play as further support). On the...
A cup and handle pattern can result in strong price movement. Enter a small position and scale in if volume continues to follow through.
Linked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern. This alone sets the target price at 279.25. In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263. On Balance Volume (OBV) also remains in a very positive upward trend.
This stock is gaining traction and has a nice pattern on weekly and with the breakout and santa rally has moved well. You can take the trade now within 5% of breakout or wait for a sell off test of the breakout area. Either way one to watch. As long as using good risk mgt you can take advantage of moves...
JOY caught my eye because of the inverted cup and handle formation - which Friday's gap down confirmed. Initially I thought this could be a good near-term shorting opportunity because price had broken below $50 and recent support - and the measured move could've made this worth considering for a quick profit. However, on closer inspection there are a series of...