LVGO TRADE DEVELOPMENTBLUE SKY BREAKOUT SET UP
Another potential opportunity to profit from a company that's not only is resilient but also benefiting from the pandemic. Accelerating revenues and increasing market share serves as the tailwind for the company.
Blueskybreakout
TWLO BLUE SKY BREAKOUTA system used to take advantage of assets that are in the middle of an intermediate uptrend or advancing phase. The objective is to find periods of temporary weakness or pauses within a trend that can be used to initiate positions. Positions are held from days to weeks with the goal of accumulation of numerous small profits.
Blue Sky breakouts are different from coils since this set-up remains above the 20-day EMA and have not completed the 6-week time requirement. Support and resistance lines can be observed when zooming in to hourly charts. This set-up usually appears in strong bull or momentum markets. Confine stock picking in sectors or markets demonstrating strength.
Set-up:
Price has to be at least 6-month high, preferably ATH
Consolidation which lasts for 2 weeks (maximum of 4 weeks) and has to be above the 20-day EMA.
Almost no price retracement.
Trigger:
MACD crossing up indicating momentum on price accelaration
Execution:
Break of pattern resistance with strong impulsive break out candles supported by above average volume
Management:
Price Targets set through Fibonacci Extension
If price retraces and hits stop loss point, set-up may be turning into a coil and may need more time to complete.
Netflix Blue Sky Breakout| S/R Flip| Fibonacci Targets Evening Traders,
Today’s Technical Analysis – NFLX – confirming an S/R flip, on the verge of a blue sky breakout if local high gets taken out.
Points to consider
- Trend broke key resistance (S/R Flip)
- 1.414 Fibonacci Extension Respected
- RSI above 50
- Stochastics projected down
- Volume climax evident
NFLX’s trend has breached a key level confirming an S/R flip; it has tagged the 1.414 Fibonacci Extension, marking the temporary top.
The RSI is currently above 50, indication of a bullish bias whilst the stochastics is projecting down with no official buy cross.
Volume climax is evident; price is trying to establish its equilibrium in this new range before its next impulse move.
Overall, in my opinion, if NFLX takes out its local highs, it will continue its blue sky breakout. However a breakdown and close below the S/R flip region will establish this being a false break.
The local support retest provides the best R/R trade for Netflix at current given time.
What are your thoughts?
Please leave a like and comment,
And remember,
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” ― Yvan Byeajee,
KMB Golden Cross| Bearish Divergence| Blue Sky Breakout?Evening Traders!
Today’s technical analysis will be on Kimberly Clark Corp that has retraced from its local top after a clear bearish divergence.
Points to consider,
- Price retraced to the .382 Fibonacci
- .50 Fibonacci in confluence with structural support
- Golden Cross in fruition
- RSI diverging from price
- Stochastics in lower regions
- Volume nodes above average
KMB has respected the .382 Fibonacci allowing the bearish divergence to play out; this has put in a local top. The .50 Fibonacci is in confluence with structural support, this being identified as a key trade location.
The golden cross is coming to fruition, historically a bullish indicator as the price tends to rally.
RSI is diverging from price, putting in consecutive lower highs, currently is neutral. The stochastics is projected downwards with stored momentum; it can stay trading in the lower regions for an extended period of time.
The volume nodes are above average, indicating key trade locations are being tested in this major trend.
Overall, in my opinion, KMB needs to respect the 200 weekly MA to increase the likely hood of breaking local resistance and confirming a blue sky breakout.
What are your thoughts?
Please leave a like and comment,
And remember,
“Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.”
― Yvan Byeajee
Blue Sky Breakout| Price Discovery| Correction Imminent!Hello Traders!
Today’s chart update will be on the S&P 500 Index which has clearly broken it’s all time high and now is currently in a blue sky breakout.
Points to consider,
- Overall trend bullish
- Key resistance broken
- 200 MA is support
- Stochastics in upper regions
- RSI trading in overbought
The S&P 500 chart is has been extremely bullish by putting in consecutive higher low, signalling that bulls are in complete control.
From a technical aspect, a key resistance has been broken, now probable support upon re-test, confirming a potential S/R flip.
The 200 MA is supporting price, bullish when the S&P 500 supports price, this signals that bulls are defending the line.
The stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the down side. RSI is trading in overbought conditions, it is highly probable to return to neutral territory as it is overextended.
Overall, In my opinion, the S&P 500 is way over extended as its enters its blue sky breakout. A correction or consolidation will be imminent before another leg up?
What are your thoughts?
Please leave a like and comment,
And remember,
In trading, everything works sometimes and nothing works always.”
CO2 GRO Inc. Blue Sky Breakout!Update to my previous analysis on GROW. I've been following GROW for over a year now, and sp had been stuck in the 0.10-0.30 range. With a close above 0.40 the breakout from previous trading range is evident. Highest share price since their CO2 startup took over, so we are looking at a blue sky breakout. Sustained bullish volume, with good support being built on the way up.
Lot's of catalysts coming up for this company, financials end of April with $1.5 mill in cash from warrants in late fall. Aggressive expansion with many new contracts being signed, projected $10mill revenue run rate by end of 2019. Market cap only $27mill. Still an early stage start up with great potential, time ot get in is now.
$KEY SelfKey: Blue Sky BreakoutI'm starting to think we may have a multi-day runner here folks. There's a solid channel with an strong linear support trend boosting these parabolic gains, and it just blew past 400sats before pulling back a moment ago. I'm expecting it to calm down for a few hours before possibly getting started all over again. Keep a close watch, be ready with stop loss just in case.
LTC massive inverse H and S BLUE SKIES IN SIGHTNever been a fan of LTC. One of the only btc clone coins, ahem, "1st generation" cryptos that succeeded past the mt box crash. LTC could've been in the same box as Quark in my eyes. Charlie still talks about script mining like that matters anymore. Oh, the code was tweaked to be mined 4x as fast? Hold on to your genius slippers, guys, lest your socks get knocked off!
Sorry. My disbelief that LTC is still relevant notwithstanding, LTCBTC has one of the sexier charts right now. Finally broke the .02 btc resistance, and wouldn't you know, we have a MASSIVE inverse head and shoulders playing out.
This is completely contingent on btc not shitting the bed in the upcoming months, as that will drag LTC down.
So what happens when LTC gets blue sky breakout?
Imagine if Charlie Lee has to come out on twitter to announce he's back in. The FOMO...
After the flipping, the cushioning, the rippling, all that nonsense about who was going to take over btc...and it ended up being fucking LTC? Ugh I'd be so pissed.
I wouldn't care so much if I bought after the inverse head and shoulders broke .02 btc.
