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Baseontopofabase

HD looking to continue moving to new highs?I last spoke about this around mid October as it was breaking out of from $342.15. Since then it rallied higher and then consolidated for 3 weeks. This consolidation also created a base on base pattern. Now it's breaking out of the consolidation as earnings approach. The best part about this is that it was consolidating as the general market was in a small correction. This shows that there is institutional demand for HD and earnings may give another leg higher. Trade Idea: * Now's the perfect time to enter as the price is right above the broken resistance. * Very favorable risk/reward ratio. * If you're looking for a slight discount you can look for buying opportunities near the $366.48 area as that is the base of the tight range. * Looking at the weekly chart this may continue to consolidate but with earnings coming up I can see this moving higher from here.
NYSE:HDLong
by HaseebKhan_90
2
ANTM ready to move higher?* Exceptional earnings year-over-year * Very strong up trend * Incredible 3-month relative strength in the Healthcare sector * The day of the earnings report we saw an incredible rally * Before breaking out, was consolidating for about 6 months * Consolidated for 3 weeks in a tight range of 3.82% * Created a base on top of base pattern * Breaking out of the 3 week consolidation with higher than average volume Trade Idea: * Now's the perfect time to enter as the price is really close to the broken consolidation * If you're looking for a slight discount you can look for an entry near the $420.06 area in case it comes back into the consolidation zone.
ALong
by HaseebKhan_90
QCRH moving higher!* Good earnings quarter over quarter * Steady and general up trend * Recently broke highs from 2017 * Before breaking the highs from 2017 it consolidated for roughly 5 months close to resistance * After breaking the highs from 2017 it consolidated again for another 5 weeks creating a base on base pattern * Broke out of the 5 week consolidation with 88.74% more volume than average Trade Idea: * You can get in now as the breakout takes place with volume coming in * Or you can wait for a slight discount and enter around $52.10
NASDAQ:QCRHLong
by HaseebKhan_90
ASGN forming an A+ setup with multiple patterns!* Strong earnings year over year * Strong up trend * Broke out of a 5 month consolidation * During the consolidation it created a cup and handle pattern * After breaking the cup and handle pattern it consolidated just above the broken levels creating a base over base * Volume is now picking back up after base over base consolidation (53.53% above average) * Minimum probable ROI of 20% can be expected if the trade goes in our favor
NYSE:ASGNLong
by HaseebKhan_90
TTEK building a base over base pattern!* Strong earnings quarter over quarter * Strong up trend * Broke out of a year-to-date consolidation * Consolidating right above the broken level Trade Idea * Now would be a great time to get in on this given that it has broke out and is now creating a new support right above the broken level. * However, if you are looking for a discount, this may consolidate a bit more before moving higher so you may look to enter around 142.80 and 144.70 area Note * This is a great long term hold given it's established growth * and it pays out dividends with a Payout ratio of 19.70% so the company has a lot more room to grow and possibly increase dividends in the future
NASDAQ:TTEKLong
by HaseebKhan_90
NFLX setting new support levels?* Relatively strong earnings quarter over quarter * Strong up trend * Broke out of a 14 month consolidation with higher than average volume * Creating a new base above broken level of $593.29 * Minimum probable ROI of 28.03% if the trade goes in our favor Trade Idea: * Now would be a great time to get in on NFLX as it's creating a new base right above the broken level. * $593.29 is expected to hold as support * A break below that would make $575.37 a nice entry if you're looking for a discount. * Worst case scenario we could see a low of $558.30 which would be the last level of support before further downside.
NASDAQ:NFLXLong
by HaseebKhan_90