ACN Rising Volume in RetracementACN bounced up off of support for swing trading and is showing stronger upside volume. Profit-taking started as the stock reached a new all time high.
Alltimehigh
NVO Breakout to All-Time HighIn this chart we're looking at NVO on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $58. After price prints a 1W candle (1 day left) through $59.77 breakout will be confirmed.
This ascending triangle has a price target of around $85 for about a ~46% gain.
Price has good momentum as it has found support on the 200EMA and is breaking out of its chart pattern boundary well above the 200EMA.
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$BDX Breakout to All Time HighIn this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial breakout. Even though the initial breakout was missed, we had a small pullback and then another strong weekly candle to show this instrument has strength. There is still plenty of upside to be taken advantage of.
This ascending triangle has a price target of around $319 and we have already seen a small pullback before what seems to be continuation to the upside.
Nonetheless, if we see another larger pullback, I expect price to find support on the horizontal chart pattern boundary around $263.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
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Bitcoin is Ending Giang Falling Wedge and Cumulation ZoneBitcoin - moves in the accumulation zone for more than 40 days and will remain in this zone for some time. The sideways move slowly but surely to the upper trend lines of the big Falling wedge, which breaks up within a few weeks. Until that happens, Bitcoin will leave little Altcoins space to complete their bullish structures. This will allow the capital to be spilled from Altcoins, back to the BTC and then into the HighCaps. Being in the accumulation zone, any BTC purchase ranging from 7800$ to 6400$ is convenient, but be prepared for 5500$ BTC re-buys as well. The most important thing for BreakOut is a sharp break of 7800$. This will be a bullish signal that the BTC is no longer going down. BreakOut can also be helped by BTC Halving, which can cause Bitcoin price levels to rise.
Close to important levelsWe are nearing us a psychological level at 1600 and Fibonacci level 0.618 at 1586.
Keep an eye out for this one.
Should be exciting to see where we will be going in the next month/s time, with possible war escalting & with stocks on steroids
CTXS at Strong ResistanceCTXS has risen with momentum to challenge its previous all time high resistance level. It is currently in a retracement that has been triggered by High Frequency Trader selling. Support is weaker at this price level.
ADSK Compression at New HighADSK had a breakout last week to move above its previous all time high. ADSK is now in a compression mode, which tends to precede breakouts.
FMC Compression Pattern at New All-Time HighFMC is in a tight sideways formation at its new All Time High. The compression of this pattern often precedes a sudden breakout.
ORLY HFT Gap Up to New All-Time HighORLY broke out of its sideways pattern with a High Frequency Trader gap up. It is now at another new all time high.
LULU in Speculative Run at New HighLULU has been trending upward and gaining momentum as it enters a new all time high price level.
KLAC in Hyper Speculation ModeKLAC weekly chart view shows the extreme Angle of Ascent™ on speculation at a new all time high. Professional Traders are likely to start taking profits due to the technical resistance level.
IDXX Breaks to the DownsideIDXX stepped down after reaching a new all time high. The stock is under moderately heavy Dark Pool Quiet Rotation™ at this time. The bottom red line indicates the top completion level support.
SPY Relative StrengthDaily candle RSI highest its been since Jan 2018. Not a full analysis, just a warning signal.
CHTR at New All-Time HighCHTR has moved with momentum to a new all time high. The stock is experiencing some profit-taking by Professional Traders at this time.
SMWH.L breakout, near all time highs, ok last earningswhat's the potential upside on this..? is it potentially a laggard?
IDXX Slips Below Previous All-Time HighIDXX has dropped down below its previous all-time high after retesting the high resistance level. The stock has fairly consistent lows within the range. Support levels are potential bounce areas.
CTAS Uptrend SlowsTrading Range sideways patterns have slowed the ascent of CTAS as it reaches new all-time highs. The stock is at risk of a Flat Top formation.
Absolute proof we are indeed in a bull market!Once again a clickbaity title, but if you came here just based off of that you should feel a little guilty as well eh? Nothing is certain in our game. With that being said, I think I can deliver what was promised, have a look below.
Palto Alto Networks - New uptrendTechnical Analysis
We are breaking a previously tested resistance at $230.
To enter the new channel, we probably need to close above $235.
OBV is at all time highs.
RSI(10) @72, has been following setting lower lows and higher highs.
Overbought can continue to be overbought.
Check risk reward ratio in-chart.
** I would wait for a breakout to the new channel, or at least a pullback to the $230 now new support.
