this is interesting what I see….If 17500 area is the bottom then should be able to hold and accumulate should bulls up sideways and sky rocket to break the resistance
But it is still in a good buy position; if you don’t like where it is now and will drop more then wait for 10k; the lower the price goes in range, the higher the price will go.
Choose wisely and good luck; crypto crash is coming also the merge.. so becareful where you buy.
It’s your chance this year to be a millionaire, trillionare , billionaire.
Buysetup
$STLD is pushing higher on the right side of its ~5 month base!Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Basing for the past ~5 months
* Was rejected around the ~85.3 area and pulled back to its 20 day EMA
* Now it's broken above that resistance level with high volume
* Printed a pocket pivot indicating institutional demand
* Seems to have also formed an inverse head and shoulders pattern
* Showing lots of strength and accumulation
Technicals:
Sector: Basic Materials - Steel
Relative Strength vs. Sector: 3.15
Relative Strength vs. SP500: 1.44
U/D Ratio: 1.75
Base Depth: 55.04%
Distance from breakout buy point: -13.12%
Volume 148.59% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking above resistance with volume
* If you're looking for a better entry you may find one on the retest of ~85.3
* This stock usually has local tops when the price closes around 21.32% above its 50 EMA
* Consider selling into strength if the price closes 21.12% to 21.52% (or higher) above its 50 EMA
* The last closing price is 12.53% away from its 50 EMA
Is $PSTG ready push higher on the right side of its base?Notes:
* Steady up trend on all time frames
* Great earnings track record
* Basing for the past ~8 months
* Pulled back to its 20 day line and is now moving higher with volume
Technicals:
Sector: Technology - Computer Hardware
Relative Strength vs. Sector: 3.54
Relative Strength vs. SP500: 6.42
U/D Ratio: 1.24
Base Depth: 64.4%
Distance from breakout buy point: -15.42%
Volume 41.61% above its 15 day avg.
Trade Idea:
* You can enter now as the price is recovering from its pull back on high volume
* If you're looking for a better entry you may be able to find one around the ~$30.7 area
* This stock usually has local tops when the price closes around 19.92% above its 50 EMA
* Consider selling into strength if the price closes 19.72% to 20.12% (or higher) above its 50 EMA
* The last closing price is 9.1% away from its 50 EMA
Is $ARCB ready to start coming up on the right side of its base?Notes:
* Very strong up trend since March 2020 on all time frames
* Great consistent earnings since 2020
* Basing for the past ~9 months now
* Broke above and retested $86.7 which has acted as a pivotal area for bulls and bears
* Consolidating just above $86.7 for the past ~4 weeks with decreasing volume
* It was consolidating around the bottom of its base with decreasing volume as well; meaning sellers lost steam
Technicals:
Sector: Industrials - Trucking
Relative Strength vs. Sector: 4.04
Relative Strength vs. SP500: 5.53
U/D Ratio: 1.32
Base Depth: 86.73%
Distance from breakout buy point: -28.74%
Volume 1.77% above its 15 day avg.
Trade Idea:
* You can enter this now as the price is close to its 50 day line and it's also close to the broken resistance of $86.7
* If you're looking for a better entry you can try catch one around $86.7 as that should hold as support moving forward
* This stock usually has local tops when the price closes around 27.14% above its 50 EMA
* Consider selling into strength if the price closes 26.94% to 27.34% (or higher) above its 50 EMA
* The last closing price is 7.21% away from its 50 EMA
$TBLT Next Target PTs 9-13 and higherToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, roller stands, and workbenches; sawhorse/jobsite tables; and digital measure and levels. It offers its products under the TOUGHBUILT brand through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to ToughBuilt Industries, Inc. in December 2015. ToughBuilt Industries, Inc. was incorporated in 2012 and is based in Lake Forest, California.
$DRUG Next Target PTs 4.50-9 and higherBright Minds Biosciences Inc., a pre-clinical biosciences company, develops 5-HT (serotonin) medicines to improve the lives of patients with severe and life-altering diseases. Its portfolio of selective 5-HT receptor agonists comprises 5-HT2C, 5-HT2A, and 5-HT2C/A for the treatment of epilepsy, pain, and neuropsychiatry. The company has collaboration with National Institutes of Health for the treatment of epilepsy; University of Texas Medical Branch to treat impulse control disorders, such as binge eating; and Medical College of Wisconsin. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.
$CAL is breaking out of a ~15 month long base. Can it go higher?Notes:
* Strong up trend since March 2020
* Good earnings in the recent quarters
* Basing for the past ~15 months
* Broke out around the end of May but pulled back to its 200 day line
* Currently breaking out of historical resistance of $29.85 with higher than average volume
* Next historical resistance comes in around $31.38
Technicals:
Sector: Consumer Cyclical - Footwear & Accessories
Relative Strength vs. Sector: 1.8
Relative Strength vs. SP500: 5.0
U/D Ratio: 1.44
Base Depth: 67.62%
Distance from breakout buy point: 1.31%
Volume 11.71% above its 15 day avg .
Trade Idea:
* You can enter now as the price is just breaking out of its base and historical resistance with higher than average volume
* If you're looking for a better entry you can look for one around the $29.85 area as that should hold as support moving forward
* This stock usually has local tops when the price closes around 21.29% above its 50 EMA
* Consider selling into strength if the price closes 21.09% to 21.49% (or higher) above its 50 EMA
* The last closing price is 11.01% away from its 50 EMA
Possible reversal on EUR/USD and why!FX:EURUSD
Looking unto the EUR/USD from a top down analysis on a monthly chart, one could derived the fact that we are on a strong down trend and probably break the last support some month back though their exist a change of character which could signify the beginning of an uptrend the current retest into the 4hr OB could signify new trend. Any other opinion or Bias is welcome though🥰
$EQNR is breaking out of its base with a Pocket Pivot!Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Created a double bottom base for ~5 months and is now breaking out with higher than average volume
* Not much else to say... it's a great looking chart ;)
Technicals:
Sector: Energy - Oil & Gas Integrated
Relative Strength vs. Sector: 6.09
Relative Strength vs. SP500: 1.64
U/D Ratio: 1.17
Base Depth: 22.23%
Distance from breakout buy point: 0.44%
Volume 31.67% above its 15 day avg.
Trade Idea:
* You can get in now (at $38.44) as the price is just breaking out
* If you want a better entry you can look for one around the 37.7 area if it comes back down
* Right now it does seem to be gaping up so I wouldn't chase the price... Lets see how it behaves after the gap up and offers another entry
* 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 7.64% away from its 50 EMA
Is $DE ready to move higher from here?Notes:
* Very strong up trend
* Great earnings track record
* Was basing for about a year before volatility kicked it around to both the up and down side of the base
* It's currently back within that base (between 394.4 and 323.5)
* Last weeks close had strong volume coming in (above average)
* Recently came back above the $357.1 mark on the weekly, which seems to be a battle ground for bull and bears (with higher than average volume)
* Was consolidating tightly all of last week with increasing volume and broke out of that consolidation on Friday with abnormally high volume
* Currently offering an early entry and a pocket pivot
Technicals:
Sector: Industrials - Farm & Heavy Construction Machinery
Relative Strength vs. Sector: 1.02
Relative Strength vs. SP500: 1.18
U/D Ratio: 1.2
Base Depth: 53.52%
Distance from breakout buy point: -16.72%
Volume 208.01% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just breaking out of consolidation with higher than average volume
* If you want a better entry you may be able to get one around the 361.9 area if it comes back within the consolidation range
* This stock usually has local tops when the price closes around 13.34% above its 50 EMA
* Consider selling into strength if the price closes 13.14% to 13.54% (or higher) above its 50 EMA
* The last closing price is 8.67% away from its 50 EMA
Can $DLTR push higher from here?Notes:
* Very strong up trend on all time frames
* Great earnings in the recent quarters and in general
* Creating a base on base pattern for the past ~8 months
* Price is mostly keeping above its 50 day line since mid April with a few dips below
* Volatility is contracting with signs of accumulation
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 2.58
Relative Strength vs. SP500: 3.05
U/D Ratio: 1.24
Base Depth: 36.34%
Distance from breakout buy point: -3.83%
Volume 17.45% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above its 50 day line with increasing volume
* If you want a better entry you can look for one around the $163.7 - $162.1 area as that should hold as support
* This stock usually has local tops when the price closes around 15.72% above its 50 EMA
* Consider selling into strength if the price closes 15.52% to 15.92% (or higher) above its 50 EMA
* The last closing price is 2.4% away from its 50 EMA
Caution:
* Earnings are coming up and the stock could move either way. If you want to play it safe, wait till after earnings to jump in.
$HD building up to retest high's. 🔸️Ticker Symbol: $HD timeframe: 4 Hour 🔸️3X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: $HD looking to retest $332 with new guidance to buy back millions. We are currently on a nice uptrend, as you can see with our regression channel; money momentum is on the way up and our middle band depicts bullish trend. The price retracement to about the 50 is also a clear sign to look for some intraday trades going in to tomorrow's trading session. I will be loading up on some shares in the pre-market tomorrow to see how we react to $332!
We are at a major (but necessary) corrective wave on $AAPL, and I will be loading up positions waiting for a drop back to the lower 160's, potentially lower if price respects Fib retracement.
$KBR is showing signs of moving higher!Notes:
* Very strong up trend since 2016
* Great earnings track record
* Basing for the past ~5 months
* Created a double bottom and is now approaching the top of the handle
* Recently bounced off of its 50 day line
* Offering a low risk entry
Technicals:
Sector: Industrials - Engineering & Construction
Relative Strength vs. Sector: 2.23
Relative Strength vs. SP500: 2.26
U/D Ratio: 1.52
Base Depth: 28.54%
Distance from breakout buy point: -7.85%
Volume 10.62% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line on stable volume
* If you're looking for a better entry you can look for one around the 51.8/9 area as that should hold as support
* If you're looking for a safer entry you can wait for a break and hold above 53.26
* This stock usually has local tops when the price closes around 15.01% above its 50 EMA
* Consider selling into strength if the price closes 14.81% to 15.21% (or higher) above its 50 EMA
* The last closing price is 4.37% away from its 50 EMA
$ZGN an IPO coming up on the right side of its base!Notes:
* Coming up on the right side of its IPO base
* Has been using its 50 day line as a dynamic level of support
* Recently broke above an important resistance level around 11.22 with higher than average volume
* Has been increasing steadily in price and volume
* Printed a pocket pivot with squatting price action (not ideal)
Technicals:
Sector: Consumer Cyclical - Apparel Manufacturing
Relative Strength vs. Sector: 1.04
Relative Strength vs. SP500: 2.37
U/D Ratio: 3.51
Base Depth: 39.96%
Distance from breakout buy point: -9.73%
Volume 117.75% above its 15 day avg.
Trade Idea:
* I particularly don't like the squatting price action at the moment so I personally wouldn't enter now.
* If the price holds above 11.22 and stops squatting I may consider entering
* If you want to enter now you can as the price is just above the broken resistance level of 11.22
* If you're looking for a better entry you may just want to wait and see how the price behaves around this level
* I'll post about this again if it makes better progress.
Is $CCJ ready to start coming up on the right side of its base?Notes:
* Strong up trend since March 2020
* Good earnings in the recent quarters
* Has been basing for ~5 months now
* Seems to have formed a double bottom with a handle
* Printed a pocket pivot with a bullish pin bar in the last session
* Red lines denote historical levels
Technicals:
Sector: Energy - Uranium
Relative Strength vs. Sector: 2.32
Relative Strength vs. SP500: 1.64
U/D Ratio: 1.02
Base Depth: 57.8%
Distance from breakout buy point: -21.39%
Volume -6.15% below its 15 day avg.
Trade Idea:
* You can enter now as the price is close to its 50 day line and is offering a potential early entry
* If you want a safe entry you can wait for a break above 26.16 as that is immediate resistance
* This stock usually has local tops when the price closes around 20.97% above its 50 EMA
* Consider selling into strength if the price closes 20.77% to 21.17% (or higher) above its 50 EMA
* The last closing price is 5.76% away from its 50 EMA
Is $GIS ready to move higher?Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Breaking out of a base on base pattern of about 4 months
* Has been testing broken resistance of 76.57 as support for the past several sessions
Technicals:
Sector: Consumer Defensive - Packaged Foods
Relative Strength vs. Sector: 7.77
Relative Strength vs. SP500: 1.08
U/D Ratio: 1.33
Base Depth: 16.62%
Distance from breakout buy point: 1.14%
Volume 61.4% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the broken level
* If you want a better entry you can look for one around the 76.57 area as that should continue to serve as support should $GIS continue to range