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.
Buysetup
$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
$SE 1D BUY SETUP FOR +70% MOVE!Sea Limited is good stock if you are thinking about adding a digital gaming, software and cloud communication/network stock to your watchlist/portfolio. It is currently showing a possible sign of retracing to$120 area, but I think it will report good earnings and have a positive move up from the news. It is also coming out of a contraction which always means a big move is coming!
EURUSD ForcastMidterm forecast:
While the price is above the above 1.026 , an uptrend is expected.
If Monday market goes above the 1.026 market with powerful candle then most likely our next target will be around 1.038, but if the price breaks down and goes below 1.02 then expect price to go below 1.00 mark.
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NASDAQ Bullish potentialLooking for Nasdaq to be bullish for the new tomorrow for CPI. An hour before the move.
If price breaks through that "shift" and creates a gap of sort, then we can expect price to potentially trade higher, target being the recent high and price @ 13620.00.
However, I don't want S&P and Dow to break there lows. if that the case, then we can potentially see Price trade lower. I won't be able to determine it much till it gets closer to that time.
I lead more towards bullish than bearish currently.
Can $HRMY break historical resistance once again?Notes:
* Steady up trend on all time frames
* Okay earnings track record
* Trying to break above historical resistance of the ~52.8 area
* Pulled back to the 50 day line
* Printed a bullish outside day in the last session
* Earnings report reaction sold off to the 50 day but bounce from there indicating demand around the $50.34 area
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 17.65
Relative Strength vs. SP500: 41.59
U/D Ratio: 0.96
Base Depth: 70.33%
Distance from breakout buy point: -8.1%
Volume 8.87% above its 15 day avg.
Trade Idea:
* You can enter now as volume comes in after the earnings report reaction
* If you want a better entry you can find one around the $51.7 area
* If you want a safer entry you can wait for a clear break/hold above the ~52.8 area as that is historical resistance.
* This stock usually has local tops when the price closes around 16.84% above its 50 EMA
* Consider selling into strength if the price closes 16.64% to 17.04% (or higher) above its 50 EMA
* The last closing price is 5.44% away from its 50 EMA
$AMPH is building a nice pivot area!Notes:
* Strong up trend since late 2021
* Great earnings track record
* Building a base for the past ~4 months
* Building a pivot area around $37.8 for the past three weeks
* Bounced off of the 50 day line with higher than average volume
* Has been using the 50 day line as a dynamic level of support for the past month or so
Technicals:
Sector: Healthcare - Drug Manufacturers - Specialty & Generic
Relative Strength vs. Sector: 3.28
Relative Strength vs. SP500: 7.72
U/D Ratio: 1.5
Base Depth: 49.24%
Distance from breakout buy point: -17.32%
Volume 20.79% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just bouncing off of its 50 day line
* If you want a better entry you can look for one around the $36 area as that seems to be acting as a pivot also
* If you want a safer entry you should wait for a clear break and hold above the $37.8 resistance area
* This stock usually has local tops when the price closes around 23.22% above its 50 EMA
* Consider selling into strength if the price closes 23.02% to 23.42% (or higher) above its 50 EMA
* The last closing price is 3.03% away from its 50 EMA
USDCAD Local Buy from Support Welcome back! Let me know your thoughts in the comments!
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Brian & Kenya Horton, BK Forex Academy