CARE Flag, Cup and handle brokenCanslim IBD A+ stock broke handle. If market good tomorrow. Classic cup and handle
Breakouttrade
SHLS close to diagonal resistance.SHLS close to diagonal resistance. IBD A+ stock. If it goes over resistance its a buy. Watch for few days
Breakout Trade in CSIQCSIQ is a market leader in today’s #1 sector - solar energy.
Shares soared over 60% between July and August as solar stocks came front and center as a leading theme in the market recovery. The 200-day moving average has begun sloping upward, putting CSIQ at the beginning of a new Stage 2 uptrend (see my previous post on the 4 Stages of the Stock Cycle).
The pink dots on the relative strength line on top of the chart signal new RS highs being made by CSIQ. In other words, the stock has held up better than the general market over the last couple weeks.
I’d like to see Tuesday’s action stay inside of Friday’s range to post a true inside day. If that happens, I will look to buy on a breakout above the Friday candle at 46.25.
Where I'm Buying CPRXCatalyst Pharma (CPRX) is an absolute monster. Not only is the company posting huge sales and earnings growth in a sector that rarely has either, the stock has more than doubled over the last few months.
There are 801 stocks in the biotech group tracked by Investors Business Daily, and CPRX ranks at the very top (see image in chart).
After such a large advance higher, we must remain cautious to the possibility of a retracement. So we need to see signs of additional strength to trigger an entry.
I’m watching for a move above last week’s high for my buy signal. This way, I can place a stop below last week’s low and still get away with a risk of 8% or less on the trade.
NBIX Breakout TradeNBIX is in the biotech sector which I have been highlighting for several months as one of the strongest areas in the market.
After emerging from a textbook breakout pattern in early August, shares have consolidated in a tight handle formation.
If you look at the relative strength line at the top of the chart, you will notice three pink dots over the last several days. These show the RS line making new highs. Although the stock drifted sideways, the rest of the market has been in an ugly correction, so NBIX is actually holding up better than most other names.
I'm looking for a breakout on volume above its down sloping trendline.
Symmetrical or ascending?Ascending triangle could be forming inside a symmetrical one... VGX gave us 20% in the last trade, and this could be a nice one also... Levels and instructions are on the chart...The hourly oscillator looks ready.. Set alarms, weekend action...
Good luck traders!
FT next leg upPossible next push-up, volume falling nicely. Entry on the bounce or on resistance levelbreakout. Trail it with SL, traders take money from the table much faster these days...
Good luck traders!
Loka next move?So far, it looks like LOKA could be printing double bottom. Watch for a move up from this support level, or from breakout from the resistance zone overhead. Breakout from that trendline could also work.
Good Luck traders!
Breakout trade in ARGXArgenx is another biotech stock setting up in a textbook breakout pattern.
Shares traded up through resistance Monday morning on good volume, but the move was ultimately held back by a nasty overall market.
ARGX still held up well, and will likely continue its advance higher.
KRBL has given a breakoutInverted head and shoulder breakout with volumes
further upmove is possible
stay tuned
can be bought around retest as well
Fincables showing signs of a reversalInverted head and shoulder at support and now a breakout with volumes
A perfect spot of trend reversal, stay tuned!
OTTR - Cup with Handle BreakoutOTTR just completed a 7-month cup with handle pattern, triggering a buy at the $70 mark.
The fundamentals are incredible for this company. Sales are growing at 40% per quarter and earnings are up by triple digits.
It meets all 9 of William O'Neil's CANSLIM scan criteria, and even has bullish 2023 estimates from analysts.
There is a risk, however. First and foremost, the company is scheduled to report earnings today (8/1/22) after the close. Traders will have to decide whether to try their luck pre-earnings or wait until after the numbers come out.
US Stock In Play: $ARIS$ARIS - Utilities | Regulated Water
Utilities is the 2nd best performing sector over last 6mths (after Energy). also the only 2 sectors that remains on +ve on past 1 yr
$ARIS microcap name, strong U/D Vol Ratio. recapturing $22 ATH looks imminent, for a overhead resistance BO
EURCAD I SHORT or LONG? Here's Your Plan!Welcome back! Here's an analysis of this pair!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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ITC looking Good Above 270If market show bullish momentum we can get expect hold the ITC for couple of weeks
Let me know your thoughts on this
Thanks
ADAUSDT is testing the supportthe price followed my previous idea and we made more than 39%.
Now the market is creating an ascending channel above the daily support.
how to approach it?
The price needs to have a breakout from the daily support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
DOTUSDT is creating a falling wedgeAfter an amazing profit, the price is testing the monthly support on 6.7$
on the 4h timeframe the market creates the falling wedge below the 4h resistance.
How to approach it?
IF the price is going to have a breakout from the falling wedge and daily resistance on 8$, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
BTCUSDT wants the breakout?The price bounced on the monthly support on 29300$, it's a key level for Bitcoin.
Now the price is testing an important resistance on 4h timeframe on the 0.382 Fibonacci level.
How to approach?
IF the price is going to retest it as new support, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
KCSUSDT had a breakout! 18$ is coming!From my first idea, the price gained 37%.
now the market is testing the 4h resistance after a breakout from the descending channel, and as I told you in my previous analysis, the price wants to retest the 18$, it's a key level.
How to approach it?
The price needs to create a clear breakout from the 17$ resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Everyday with one Equity Intraday Profitable Idea:-AdanientADANIENT sell below 2096 for the target of 2089,2080,2070, 2050.
Please take trade after candle close below 2096. Suppose it opens below 2096 then your short level would be 2077 for the target of 2070,2060,2050,2045
Reason for short trade:- Daily breakout for the short side.
FTMUSDT is getting liquidity from the demand zoneThe price is testing the demand zone on 0.61$ after a double top formation and double top. On the daily timeframe the price is creating the falling wedge as well.
How to approach?
The price could grab the new liquidity from 0.5$ and create a new breakout from the 0.7$, so If the price is going to satisfy our rules, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
KCSUSDT is testing the 0.618 Fibonacci levelThe price got a rejection from the weekly resistance where we were waiting for the flip for a long scenario.
the price is testing the 0.618 Fibonacci level and the market had a breakout from the descending channel.
How to approach?
The price could retest the demand zone on 18$, so According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Head and Shoulder | Evergreen Fibreboard Bhdclear HNS pattern spotted weekly tf + breakout + rising weekly volume with candle = good sign
TEKNIKAL TRADING IDEA
1. for swing risk dah besar sngt, wait for weakening candle + volume = normal VPA
2. possible touch RM0.835, if lebih maybe extended wave
3. for intraday looks smaller tf 1H to find base = support wait for confirmation breakout, entry with mindset there are risk to loss not how much gain you will make.
FUNDAMENTAL TRADING IDEA
1. yearly and quarterly financial improve a lot
2. positive EPS
3. NTA increment along with profit = good sign
