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50ema-retest

$AJG is coming up on the right side of its base!Notes: * Very strong up trend on all time frames * Great earnings track record * Basing for the past ~7 months * Offering a very low risk entry * Recently saw a retest of its 50 day line * Held up really well while the general market and the Financial sector where taking a beating Technicals: Sector: Financial - Insurance Brokers Relative Strength vs. Sector: 1.23 Relative Strength vs. SP500: 1.29 U/D Ratio: 1.25 Base Depth: 25.64% Distance from breakout buy point: -8.82% Volume 45.14% above its 15 day avg. Trade Idea: * You can enter now as the price tries to break through the 170 level with higher than average volume and while the price is still close to its 50 day line * You can wait for the break and close above 170 before entering as that would signal that it's ready to move higher * If you're looking for a lower entry you may find one around the 167.55 area as that should hold as short term support * This stock usually has local tops when the price closes around 9.35% above its 50 EMA * Consider selling into strength if the price closes 9.15% to 9.55% (or higher) above its 50 EMA * The last closing price is 3.69% away from its 50 EMA
NYSE:AJGLong
by HaseebKhan_90
$BJ ready to move higher from here?Notes: * Very strong up trend on all time frames * Great earnings track record * Forming a double bottom base for the past ~8months * It seems like this recent gap down may be forming a handle to the double bottom base * It needs to hold above $66.35 as support in order to stay bullish Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 1.11 Relative Strength vs. SP500: 1.11 U/D Ratio: 2.08 Base Depth: 41.69% Distance from breakout buy point: -8.68% Volume 5.8% above its 15 day avg. Trade Idea: * You can enter now as it's showing demand around its 50 day line with higher than average volume * If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support * This stock usually has local tops when the price closes around 10.68% above its 50 EMA * Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA * The last closing price is 4.3% away from its 50 EMA
NYSE:BJLong
by HaseebKhan_90
Is $GPK ready to push higher?Notes: * Strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends * Recently bounce off of its 200 day line and now pushing off of its 50 day line * Also printed a Pocket Pivot indicating institutional demand Technicals: Sector: Consumer Cyclical - Packaging & Containers Relative Strength vs. Sector: 1.2 Relative Strength vs. SP500: 1.37 U/D Ratio: 1.46 Base Depth: 17.74% Distance from breakout buy point: -4.42% Volume 54.56% above its 15 day avg. Trade Idea: * You can enter now as the price seems to be pushing higher from the 50 day line and is currently offering a low risk entry * If you're looking for a better entry you can look for one around the $21.10 area * This stock usually has local tops when the price closes around 8.52% above its 50 EMA * Consider selling into strength if the price closes 8.32% to 8.72% (or higher) above its 50 EMA * The last closing price is 3.59% away from its 50 EMA
NYSE:GPKLong
by HaseebKhan_90
$EQNR coming up on the right side of its base!Notes: * Strong up trend since 2020 on all time frames * Good earnings in the recent quarters * Pays dividends * Basing for the past ~5 months * Showing signs of coming up as the Energy sector shows strength * Came back above its 50 day line with higher than average volume * Lots of accumulation recently * Also printed a Pocket Pivot indicating institutional demand Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 11.83 Relative Strength vs. SP500: 1.85 U/D Ratio: 1.15 Base Depth: 22.21% Distance from breakout buy point: -8.12% Volume 1.69% above its 15 day avg. Trade Idea: * You can enter now as the price is coming back up above its 50 day line * If you're looking for a better entry you can look for one around 34.50 * This stock usually has local tops when the price closes around 15.28% above its 50 EMA * Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA * The last closing price is 3.34% away from its 50 EMA
NYSE:EQNRLong
by HaseebKhan_90
Is $CAL ready to move higher after pulling back?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Pays out dividends * Creating a base for the past ~14 months * Recently bounced from its 200 day * Pulled back to its 50 day and is now showing signs of recovery with volume * Historical resistance comes in around 29.85 Technicals: Sector: Consumer Cyclical - Footwear & Accessories Relative Strength vs. Sector: 2.83 Relative Strength vs. SP500: 3.88 U/D Ratio: 1.4 Base Depth: 66.55% Distance from breakout buy point: -6.6% Volume 27.64% above its 15 day avg. Trade Idea: * You can enter now since volume's coming in as it bounces from its 50 day line * If you're looking for a better entry you can look for one around the 27.3 area as that would be ~50% of the bullish pin bar we got in the last session * This stock usually has local tops when the price closes around 21.42% above its 50 EMA * Consider selling into strength if the price closes 21.22% to 21.62% (or higher) above its 50 EMA * The last closing price is 5.76% away from its 50 EMA
NYSE:CALLong
by HaseebKhan_90
Can $SNPS continue to lead the tech sector?Notes: * Very strong up trend on all time frames * Amazing earnings track record * Basing for the past ~7 months while the Tech sector and the general market were getting hammered * Coming off of its 50 day line with higher than average volume * Coming up on the right side of its base * Offering a low risk entry * Showing tonnes of strength and signs of accumulation * Printed a pocket pivot indicating institutional buying Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 1.48 Relative Strength vs. SP500: 1.42 U/D Ratio: 1.61 Base Depth: 44.77% Distance from breakout buy point: -14.32% Volume 20.92% above its 15 day avg. Trade Idea: * You can enter now as it's just bouncing off of its 50 day line with higher than average volume * If you're looking for a better entry you may be able to find one around the $317.73 area * This stock usually has local tops when the price closes around 12.54% above its 50 EMA * Consider selling into strength if the price closes 12.34% to 12.74% (or higher) above its 50 EMA * The last closing price is 5.42% away from its 50 EMA
NASDAQ:SNPSLong
by HaseebKhan_90
Is $WWE offering a low risk early entry?Notes: * Strong up trend on all time frames * Great earnings track record * Consolidating for the past ~14 months * Now approaching resistance of its base * Bouncing off of its 50 day line with higher than average volume * Showing tonnes of relative strength and signs of accumulation * Printed a pocket pivot indicating institutional buying Technicals: Sector: Communication Services - Entertainment Relative Strength vs. Sector: 1.55 Relative Strength vs. SP500: 1.64 U/D Ratio: 1.62 Base Depth: 49.38% Distance from breakout buy point: -7.8% Volume 67.5% above its 15 day avg. Trade Idea: * You can enter now as it's just moving off of its 50 day line with higher than average volume * If you're looking for a better entry you might be able to find one around $63.18 * This stock usually has local tops when the price closes around 13.18% above its 50 EMA * Consider selling into strength if the price closes 12.98% to 13.38% (or higher) above its 50 EMA * The last closing price is 3.18% away from its 50 EMA
WLong
by HaseebKhan_90
$EXLS is leading in the tech sector. Is it ready to go higher?Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking above historical resistance of 145.21 with higher than average volume * Very close to its 50 day line * Offering a low risk entry Technicals: Sector: Technology - Information Technology Services Relative Strength vs. Sector: 1.04 Relative Strength vs. SP500: 1.03 U/D Ratio: 1.38 Base Depth: 20.34% Distance from breakout buy point: -5.99% Volume 45.0% above its 15 day avg. Trade Idea: * You can enter now as it's breaking above historical resistance with higher than average volume * If you're looking for a better entry you can look for one around the $143 area as that should serve as short term support * This stock usually has local tops when the price closes around 10.77% above its 50 EMA * Consider selling into strength if the price closes 10.57% to 10.97% (or higher) above its 50 EMA * The last closing price is 1.9% away from its 50 EMA
NASDAQ:EXLSLong
by HaseebKhan_90
$PFE is finding support at its 50 day line. Can it move higher?Notes: * Strong up trend on all time frames * Great earnings track record * Building a base for the past ~7months * Consolidating around its 50 day line with decreasing volume on the daily, weekly and monthly time frames * This indicates that the buyers and sellers are agreeing on this price range * Currently bouncing off of its 50 day line with higher than average volume Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 1.22 Relative Strength vs. SP500: 1.11 U/D Ratio: 1.65 Base Depth: 33.25% Distance from breakout buy point: -14.42% Volume 7.08% above its 15 day avg. Trade Idea: * This is offering a low risk entry * You can enter now as the price is just bouncing off of its 50 day line with higher than average volume * If you're looking for a better entry you can look for one around the 50.67 area as that should serve as support * This stock usually has local tops when the price closes around 14.24% above its 50 EMA * Consider selling into strength if the price closes 14.04% to 14.44% (or higher) above its 50 EMA * The last closing price is 0.98% away from its 50 EMA
NYSE:PFELong
by HaseebKhan_90
$CSL continuing to move higher!Notes: * I last spoke about this a couple of days ago as it was bouncing off of its 50 day line * Since then it has gaped up and is now breaking above the resistance level of $254.44 * It's still offering an early entry as it's still close to its 50 day line and trading above average volume * Everything else remains the same from my previous post. Technicals: Sector: Industrials - Building Products & Equipment Relative Strength vs. Sector: 1.39 Relative Strength vs. SP500: 1.43 U/D Ratio: 2.03 Base Depth: 17.07% Distance from breakout buy point: -5.86% Volume 3.18% above its 15 day avg. Trade Idea: * This is still giving a pretty low risk entry opportunity so you may look to enter now as it's breaking above the 254.44 level
NYSE:CSLLong
by HaseebKhan_90
$CSL finding support at its 50day line. Can it move higher?Notes: * Great earnings * Very strong up trend on all time frames * Pays out dividends * Showing tonnes of strength and accumulation * Basing for the past 4 months while the general market and the respective sector took a nasty hit * Currently finding support at its 50 day line * Printed a Pocket Pivot Technicals: Sector: Industrials - Building Products & Equipment Relative Strength vs. Sector: 1.21 Relative Strength vs. SP500: 1.23 U/D Ratio: 2.04 Base Depth: 17.07% Distance from breakout buy point: -7.58% Volume 33.16% above its 15 day avg. Trade Idea: * You can get in right now as the price is finding support along its 50 day line and is currently bouncing off of it with higher than average volume * If you're looking for a better entry you might find one around $245.3 * Or if you want a safe entry you can buy at the break above 254.44 * This stock usually has local tops when the price closes around 11.2% above its 50 EMA * Consider selling into strength if the price closes 11.0% to 11.4% (or higher) above its 50 EMA * The last closing price is 1.15% away from its 50 EMA
NYSE:CSLLong
by HaseebKhan_90
$ABBV looking to come up on the right side of its base!Notes: * Great earnings track record * Very strong up trend on all time frames * Pays out dividends * Coming up on the right side of its base after ~4 months * Has been in a tight range of ~3.8% for the past 3 weeks Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 1.91 Relative Strength vs. SP500: 1.54 U/D Ratio: 1.76 Base Depth: 26.75% Distance from breakout buy point: -13.75% Volume 8.02% above its 15 day avg. Trade Idea: * You can get in now as the price is very close to its 50 day line and has been using it as support for the past 3 weeks * If you want to be safe you can wait for the breakout from this tight range with a break above 154.07 * This stock usually has local tops when the price closes around 10.96% above its 50 EMA * Consider selling into strength if the price closes 10.76% to 11.16% (or higher) above its 50 EMA * The last closing price is 0.11% away from its 50 EMA
NYSE:ABBVLong
by HaseebKhan_90
$CEIX Broke out of its base since 2018! Can it go higher?Notes: * Very strong up trend since October 2020 * Not the best earnings track record * Broke out of its base that was forming since 2018 with higher than average monthly volume * Retested that broken resistance several times on the monthly chart and bounced bullishly * Formed a double bottom in the past couple of months Technicals: Sector: Energy - Thermal Coal Relative Strength vs. Sector: 2.65 Relative Strength vs. SP500: 2.41 U/D Ratio: 1.17 Base Depth: 37.71% Distance from breakout buy point: -5.22% Volume 54.62% above its 15 day avg. Trade Idea: * Yesterdays session was quite bullish and isn't offering a low risk entry. * Since the volume was high, we might be able to get in at yesterdays closing price and it may just move higher from here * If you're looking for a better entry, the 54.04 area seems like a nice entry as it's a level of resistance that should act as support moving forward * This stock usually has local tops when the price closes around 36.06% above its 50 EMA * Consider selling into strength if the price closes 35.86% to 36.26% (or higher) above the 50 EMA... * The last closing price is 14.44% away from its 50 EMA
NYSE:CEIXLong
by HaseebKhan_90
7
$GPC looking to break out of its base! Notes: * Very strong up trend on all time frames * Great earnings in the recent quarters * Coming up on the right side of its ~7 month base with higher than average volume * Creating an ascending triangle pattern (bullish) * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector: 1.23 Relative Strength vs. SP500: 1.34 U/D Ratio: 1.34 Base Depth: 21.15% Distance from breakout buy point: -3.31% Volume 14.28% above its 15 day avg. Trade Idea: * You can enter now as the price is just above its 50 day line and the price printed a pocket pivot * If you're looking for a better entry you can look for one around the ~135.50 area * This stock usually has local tops when the price closes around 9.65% above its 50 EMA * Consider selling into strength if the price closes 9.45% to 9.85% (or higher) above the 50 EMA... * The last closing price is 2.6% away from its 50 EMA
NYSE:GPCLong
by HaseebKhan_90
$CPRX coming up on the right side of its base!Notes: * Strong up trend * Not the best earnings * Tested historical resistance of $6.17 around mid June * Broke and retested historical resistance of $7.43 just recently * Printed a pocket pivot and is still relatively close to its 50 day line * The Healthcare sector is doing relatively well compared to others Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.77 Relative Strength vs. SP500: 1.41 U/D Ratio: 1.59 Base Depth: 38.68% Distance from breakout buy point: -10.42% Volume 62.59% above its 15 day avg. Trade Idea: * You can enter now as the price is still close to its 50 day line and the price is just bouncing off of historical resistance with higher than average volume. * If you're looking for a better entry you can look for one around the $7.62 area * This stock usually has local tops when the price closes around 21.31% above its 50 EMA * Consider selling into strength if the price closes 21.11% to 21.51% (or higher) above its 50 EMA * The last closing price is 8.25% away from its 50 EMA
NASDAQ:CPRXLong
by HaseebKhan_90
$BOX seems to be recovering from its pullback?Notes: * Steady up trend * Great earnings track record * Forming a cup and handle like pattern on the monthly time frame for the past ~4years * Held up relatively really well while the tech sector was being destroyed * Currently bouncing off its 200 day line and now its 50 day line * Also forming an inverse H&S pattern and broke out of it * Bouncing off its 50 day line with higher than average volume and printed a pocket pivot * Historical resistance comes in around $29.79 Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 1.74 Relative Strength vs. SP500: 1.72 U/D Ratio: 1.0 Base Depth: 45.87% Distance from breakout buy point: -17.22% Volume 3.69% above its 15 day avg. Trade Idea: * You can enter now as the price just bounced off of its 50 day line with higher than average volume and also printed a pocket pivot. * If you're looking for a better entry you can look for one around the $26.59 area * This stock usually has local tops when the price closes around 15.27% above its 50 EMA * Consider selling into strength if the price closes 15.07% to 15.47% (or higher) above its 50 EMA * The last closing price is 2.86% away from its 50 EMA
NYSE:BOXLong
by HaseebKhan_90
$CNC ready to break out of its ~5 month basse?Notes: * Very strong up trend on all time frames * Great earnings track record * Building a base on base pattern * Held up very well against the general market and its sector * Recently bounced from its 50 day line * Printed a pocket pivot with higher than average volume * Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 1.15 Relative Strength vs. SP500: 1.1 U/D Ratio: 1.22 Base Depth: 18.61% Distance from breakout buy point: -1.98% Volume 39.0% above its 15 day avg. Trade Idea: * You can enter now as the price is still close to the 50 day line and just printed a pocket pivot * If you want a better entry you can look for one around 86.8 as that should hold as support moving forward * This stock usually has local tops when the price closes around 11.18% above its 50 EMA * Consider selling into strength if the price closes 10.98% to 11.38% (or higher) above its 50 EMA * The last closing price is 6.04% away from its 50 EMA
NYSE:CNCLong
by HaseebKhan_90
$MUSA coming up on the right side of its base!Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends and has been increasing them recently * Basing for ~4 months * Held up incredibly well while the general market was taking a beating * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector: 1.92 Relative Strength vs. SP500: 2.38 U/D Ratio: 1.16 Base Depth: 19.38% Distance from breakout buy point: -5.98% Volume 2.99% above its 15 day avg. Trade Idea: * You can enter now as the price just tested its 50 day line as support and is now pushing higher with volume * If you want a better entry you can look for one around the $241.94 area * This stock usually has local tops when the price closes around 14.62% above its 50 EMA * Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA * The last closing price is 5.68% away from its 50 EMA
NYSE:MUSALong
by HaseebKhan_90
$XENE showing signs of going higher after a long consolidation!Notes: * Strong up trend * Okay earnings track record * Consolidating for the past ~9months * Bouncing from its 50 day line with bullish momentum Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.73 Relative Strength vs. SP500: 1.32 U/D Ratio: 1.97 Base Depth: 36.27% Distance from breakout buy point: -1.16% Volume 19.91% above its 15 day avg. Trade Idea: * You can enter now as the price is still close to the 50 day line * If you're looking for a better entry you can look for one around the $32.76 area as that seems to be a pivot * This stock usually has local tops when the price closes around 33.16% above its 50 EMA * Consider selling into strength if the price closes 32.96% to 33.36% (or higher) above its 50 EMA * The last closing price is 10.55% away from its 50 EMA
NASDAQ:XENELong
by HaseebKhan_90
Is $NVO ready to push higher on the right side of its base?Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Forming a base for the past ~8 months * Testing the 50 day line as support for the past 4 sessions * Bouncing off the 50 day line with higher than average volume and printed a pocket pivot Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 1.62 Relative Strength vs. SP500: 1.24 U/D Ratio: 1.02 Base Depth: 18.33% Distance from breakout buy point: -8.94% Volume 44.56% above its 15 day avg. Trade Idea: * You can enter now as the price is just bouncing off of its 50 day line with tonnes of volume * If you're looking for a better entry you might find one around the 110.5 area * This stock usually has local tops when the price closes around 14.27% above its 50 EMA * Consider selling into strength if the price closes 14.07% to 14.47% (or higher) above its 50 EMA * The last closing price is 1.57% away from its 50 EMA
NYSE:NVOLong
by HaseebKhan_90
$CI looking to break out of its ~14month cup and handle!Notes: * Very strong up trend on all time frames * Great earnings track record * Pays out dividends * Forming a cup and handle over the past ~14 months * Bouncing off of its 50 day line with very bullish price action and volume Technicals: Sector: Healthcare - Healthcare Plans Relative Strength vs. Sector: 2.7 Relative Strength vs. SP500: 1.65 U/D Ratio: 1.15 Base Depth: 43.95% Distance from breakout buy point: -2.77% Volume 2.78% above its 15 day avg. Trade Idea: * You can enter now as the price is just bouncing off of it 50 day line with volume * If you want a better entry you can look for one around the 262.8 area * This stock usually has local tops when the price closes around 9.64% above its 50 EMA * Consider selling into strength if the price closes 9.44% to 9.84% (or higher) above its 50 EMA * The last closing price is 3.14% away from its 50 EMA
NYSE:CILong
by HaseebKhan_90
Rising Wedge, Parabolic TrendLUNA is in a Rising Wedge (ultimately bearish) within a very Bullish parabolic rising support. There is still room for enthusiastic buyers to drive the price higher within the wedge, but it's a high-risk play. I certainly wouldn't enter a short position, but I'm also not interested in longing these levels. I'm waiting for the wedge to break down and then looking for a clear entry around the 50 EMA, or when the curved support is retested. ------------------------------------------------------ These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
by mercury_rising