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$HWM is forming a nice pivot. Can it move higher from here?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Basing for the past ~14 months * Recently bounced off historical highs around $31 * Forming a nice and tight pivot area around $35 * Offering a very low risk entry * Showing signs of strength and accumulation Technicals: Sector: Industrials - Specialty Industrial Machinery Relative Strength vs. Sector: 1.33 Relative Strength vs. SP500: 1.31 U/D Ratio: 1.74 Base Depth: 33.89% Distance from breakout buy point: -4.99% Volume 8.49% above its 15 day avg. Trade Idea: * You can enter now as it's trying to break above the $35 resistance level * Or you can wait for a clear break above it before entering * If you're looking for a lower entry you may find one around the $34.3 area as that's the bottom of the tight range * This stock usually has local tops when the price closes around 10.23% above its 50 EMA * Consider selling into strength if the price closes 10.03% to 10.43% (or higher) above its 50 EMA * The last closing price is 3.69% away from its 50 EMA
NYSE:HWMLong
by HaseebKhan_90
3
$BJ ready to move higher from here?Notes: * Very strong up trend on all time frames * Great earnings track record * Forming a double bottom base for the past ~8months * It seems like this recent gap down may be forming a handle to the double bottom base * It needs to hold above $66.35 as support in order to stay bullish Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 1.11 Relative Strength vs. SP500: 1.11 U/D Ratio: 2.08 Base Depth: 41.69% Distance from breakout buy point: -8.68% Volume 5.8% above its 15 day avg. Trade Idea: * You can enter now as it's showing demand around its 50 day line with higher than average volume * If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support * This stock usually has local tops when the price closes around 10.68% above its 50 EMA * Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA * The last closing price is 4.3% away from its 50 EMA
NYSE:BJLong
by HaseebKhan_90
Is $GPK ready to push higher?Notes: * Strong up trend on all time frames * Good earnings in the recent quarters * Pays out dividends * Recently bounce off of its 200 day line and now pushing off of its 50 day line * Also printed a Pocket Pivot indicating institutional demand Technicals: Sector: Consumer Cyclical - Packaging & Containers Relative Strength vs. Sector: 1.2 Relative Strength vs. SP500: 1.37 U/D Ratio: 1.46 Base Depth: 17.74% Distance from breakout buy point: -4.42% Volume 54.56% above its 15 day avg. Trade Idea: * You can enter now as the price seems to be pushing higher from the 50 day line and is currently offering a low risk entry * If you're looking for a better entry you can look for one around the $21.10 area * This stock usually has local tops when the price closes around 8.52% above its 50 EMA * Consider selling into strength if the price closes 8.32% to 8.72% (or higher) above its 50 EMA * The last closing price is 3.59% away from its 50 EMA
NYSE:GPKLong
by HaseebKhan_90
$EQNR coming up on the right side of its base!Notes: * Strong up trend since 2020 on all time frames * Good earnings in the recent quarters * Pays dividends * Basing for the past ~5 months * Showing signs of coming up as the Energy sector shows strength * Came back above its 50 day line with higher than average volume * Lots of accumulation recently * Also printed a Pocket Pivot indicating institutional demand Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 11.83 Relative Strength vs. SP500: 1.85 U/D Ratio: 1.15 Base Depth: 22.21% Distance from breakout buy point: -8.12% Volume 1.69% above its 15 day avg. Trade Idea: * You can enter now as the price is coming back up above its 50 day line * If you're looking for a better entry you can look for one around 34.50 * 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 3.34% away from its 50 EMA
NYSE:EQNRLong
by HaseebKhan_90
Is $CAL ready to move higher after pulling back?Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Pays out dividends * Creating a base for the past ~14 months * Recently bounced from its 200 day * Pulled back to its 50 day and is now showing signs of recovery with volume * Historical resistance comes in around 29.85 Technicals: Sector: Consumer Cyclical - Footwear & Accessories Relative Strength vs. Sector: 2.83 Relative Strength vs. SP500: 3.88 U/D Ratio: 1.4 Base Depth: 66.55% Distance from breakout buy point: -6.6% Volume 27.64% above its 15 day avg. Trade Idea: * You can enter now since volume's coming in as it bounces from its 50 day line * If you're looking for a better entry you can look for one around the 27.3 area as that would be ~50% of the bullish pin bar we got in the last session * This stock usually has local tops when the price closes around 21.42% above its 50 EMA * Consider selling into strength if the price closes 21.22% to 21.62% (or higher) above its 50 EMA * The last closing price is 5.76% away from its 50 EMA
NYSE:CALLong
by HaseebKhan_90
Can $SNPS continue to lead the tech sector?Notes: * Very strong up trend on all time frames * Amazing earnings track record * Basing for the past ~7 months while the Tech sector and the general market were getting hammered * Coming off of its 50 day line with higher than average volume * Coming up on the right side of its base * Offering a low risk entry * Showing tonnes of strength and signs of accumulation * Printed a pocket pivot indicating institutional buying Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 1.48 Relative Strength vs. SP500: 1.42 U/D Ratio: 1.61 Base Depth: 44.77% Distance from breakout buy point: -14.32% Volume 20.92% above its 15 day avg. Trade Idea: * You can enter now as it's just bouncing off of its 50 day line with higher than average volume * If you're looking for a better entry you may be able to find one around the $317.73 area * This stock usually has local tops when the price closes around 12.54% above its 50 EMA * Consider selling into strength if the price closes 12.34% to 12.74% (or higher) above its 50 EMA * The last closing price is 5.42% away from its 50 EMA
NASDAQ:SNPSLong
by HaseebKhan_90
Is $WWE offering a low risk early entry?Notes: * Strong up trend on all time frames * Great earnings track record * Consolidating for the past ~14 months * Now approaching resistance of its base * Bouncing off of its 50 day line with higher than average volume * Showing tonnes of relative strength and signs of accumulation * Printed a pocket pivot indicating institutional buying Technicals: Sector: Communication Services - Entertainment Relative Strength vs. Sector: 1.55 Relative Strength vs. SP500: 1.64 U/D Ratio: 1.62 Base Depth: 49.38% Distance from breakout buy point: -7.8% Volume 67.5% above its 15 day avg. Trade Idea: * You can enter now as it's just moving off of its 50 day line with higher than average volume * If you're looking for a better entry you might be able to find one around $63.18 * This stock usually has local tops when the price closes around 13.18% above its 50 EMA * Consider selling into strength if the price closes 12.98% to 13.38% (or higher) above its 50 EMA * The last closing price is 3.18% away from its 50 EMA
WLong
by HaseebKhan_90
$VRTX showing multiple signs of continuation!Notes: * Very strong up trend on all time frames * Great earnings track record since 2017 * Breaking out of a ~4 month base with higher than average volume * Printed a pocket pivot * And offering an early entry relative to its 50 day line * Breaking above a historical resistance of $290.48 with volume once again (Third time's the lucky charm? ;)) * Formed a relatively flat handle to the double bottom * Offering a low risk entry Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.32 Relative Strength vs. SP500: 1.16 U/D Ratio: 1.97 Base Depth: 24.6% Distance from breakout buy point: 0.03% Volume 8.7% above its 15 day avg. Trade Idea: * You can enter now as it's just breaking out of its double bottom base with higher than average volume and it printed a pocket pivot * If you're looking for a better entry you can look for one around the 290.5 area as that should hold as support * One thing to keep in mind is that there are two more historical areas of resistance that will come in the way before we hit the target * Look for confirming price action around those levels before adding to the position * Or, if we see lots of rejection around those levels, consider exiting the position earlier * This stock usually has local tops when the price closes around 11.93% above its 50 EMA * Consider selling into strength if the price closes 11.73% to 12.13% (or higher) above its 50 EMA * The last closing price is 6.9% away from its 50 EMA
NASDAQ:VRTXLong
by HaseebKhan_90
$EXLS is leading in the tech sector. Is it ready to go higher?Notes: * Very strong up trend on all time frames * Great earnings track record * Breaking above historical resistance of 145.21 with higher than average volume * Very close to its 50 day line * Offering a low risk entry Technicals: Sector: Technology - Information Technology Services Relative Strength vs. Sector: 1.04 Relative Strength vs. SP500: 1.03 U/D Ratio: 1.38 Base Depth: 20.34% Distance from breakout buy point: -5.99% Volume 45.0% above its 15 day avg. Trade Idea: * You can enter now as it's breaking above historical resistance with higher than average volume * If you're looking for a better entry you can look for one around the $143 area as that should serve as short term support * This stock usually has local tops when the price closes around 10.77% above its 50 EMA * Consider selling into strength if the price closes 10.57% to 10.97% (or higher) above its 50 EMA * The last closing price is 1.9% away from its 50 EMA
NASDAQ:EXLSLong
by HaseebKhan_90
$PFE is finding support at its 50 day line. Can it move higher?Notes: * Strong up trend on all time frames * Great earnings track record * Building a base for the past ~7months * Consolidating around its 50 day line with decreasing volume on the daily, weekly and monthly time frames * This indicates that the buyers and sellers are agreeing on this price range * Currently bouncing off of its 50 day line with higher than average volume Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 1.22 Relative Strength vs. SP500: 1.11 U/D Ratio: 1.65 Base Depth: 33.25% Distance from breakout buy point: -14.42% Volume 7.08% above its 15 day avg. Trade Idea: * This is offering a low risk entry * You can enter now as the price is just bouncing off of its 50 day line with higher than average volume * If you're looking for a better entry you can look for one around the 50.67 area as that should serve as support * This stock usually has local tops when the price closes around 14.24% above its 50 EMA * Consider selling into strength if the price closes 14.04% to 14.44% (or higher) above its 50 EMA * The last closing price is 0.98% away from its 50 EMA
NYSE:PFELong
by HaseebKhan_90
$CSL continuing to move higher!Notes: * I last spoke about this a couple of days ago as it was bouncing off of its 50 day line * Since then it has gaped up and is now breaking above the resistance level of $254.44 * It's still offering an early entry as it's still close to its 50 day line and trading above average volume * Everything else remains the same from my previous post. Technicals: Sector: Industrials - Building Products & Equipment Relative Strength vs. Sector: 1.39 Relative Strength vs. SP500: 1.43 U/D Ratio: 2.03 Base Depth: 17.07% Distance from breakout buy point: -5.86% Volume 3.18% above its 15 day avg. Trade Idea: * This is still giving a pretty low risk entry opportunity so you may look to enter now as it's breaking above the 254.44 level
NYSE:CSLLong
by HaseebKhan_90
$DLTR offering another chance before heading higher?Notes: * I last spoke about this on July 6th, 2022 as it was coming up off of its 50 day line. * Since then it has consolidated with lower than average volume (building a handle) and now it seems like it's ready to push higher as volume's coming in. * It also printed a Pocket Pivot in the previous session indicating that it may be ready to go higher. * Everything else is still the same as before. Disclosure: I do have a position in this and am looking to add to it. Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 1.33 Relative Strength vs. SP500: 1.17 U/D Ratio: 1.24 Base Depth: 36.34% Distance from breakout buy point: -3.21% Volume 24.54% above its 15 day avg. Trade Idea: * You can enter now as volume's coming in * If you want a better entry you can look for one around 166.1 as that seems like a pivotal area * 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 6.51% away from its 50 EMA
NASDAQ:DLTRLong
by HaseebKhan_90
2
$CSL finding support at its 50day line. Can it move higher?Notes: * Great earnings * Very strong up trend on all time frames * Pays out dividends * Showing tonnes of strength and accumulation * Basing for the past 4 months while the general market and the respective sector took a nasty hit * Currently finding support at its 50 day line * Printed a Pocket Pivot Technicals: Sector: Industrials - Building Products & Equipment Relative Strength vs. Sector: 1.21 Relative Strength vs. SP500: 1.23 U/D Ratio: 2.04 Base Depth: 17.07% Distance from breakout buy point: -7.58% Volume 33.16% above its 15 day avg. Trade Idea: * You can get in right now as the price is finding support along its 50 day line and is currently bouncing off of it with higher than average volume * If you're looking for a better entry you might find one around $245.3 * Or if you want a safe entry you can buy at the break above 254.44 * This stock usually has local tops when the price closes around 11.2% above its 50 EMA * Consider selling into strength if the price closes 11.0% to 11.4% (or higher) above its 50 EMA * The last closing price is 1.15% away from its 50 EMA
NYSE:CSLLong
by HaseebKhan_90
$ABBV looking to come up on the right side of its base!Notes: * Great earnings track record * Very strong up trend on all time frames * Pays out dividends * Coming up on the right side of its base after ~4 months * Has been in a tight range of ~3.8% for the past 3 weeks Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 1.91 Relative Strength vs. SP500: 1.54 U/D Ratio: 1.76 Base Depth: 26.75% Distance from breakout buy point: -13.75% Volume 8.02% above its 15 day avg. Trade Idea: * You can get in now as the price is very close to its 50 day line and has been using it as support for the past 3 weeks * If you want to be safe you can wait for the breakout from this tight range with a break above 154.07 * This stock usually has local tops when the price closes around 10.96% above its 50 EMA * Consider selling into strength if the price closes 10.76% to 11.16% (or higher) above its 50 EMA * The last closing price is 0.11% away from its 50 EMA
NYSE:ABBVLong
by HaseebKhan_90
$CEIX Broke out of its base since 2018! Can it go higher?Notes: * Very strong up trend since October 2020 * Not the best earnings track record * Broke out of its base that was forming since 2018 with higher than average monthly volume * Retested that broken resistance several times on the monthly chart and bounced bullishly * Formed a double bottom in the past couple of months Technicals: Sector: Energy - Thermal Coal Relative Strength vs. Sector: 2.65 Relative Strength vs. SP500: 2.41 U/D Ratio: 1.17 Base Depth: 37.71% Distance from breakout buy point: -5.22% Volume 54.62% above its 15 day avg. Trade Idea: * Yesterdays session was quite bullish and isn't offering a low risk entry. * Since the volume was high, we might be able to get in at yesterdays closing price and it may just move higher from here * If you're looking for a better entry, the 54.04 area seems like a nice entry as it's a level of resistance that should act as support moving forward * This stock usually has local tops when the price closes around 36.06% above its 50 EMA * Consider selling into strength if the price closes 35.86% to 36.26% (or higher) above the 50 EMA... * The last closing price is 14.44% away from its 50 EMA
NYSE:CEIXLong
by HaseebKhan_90
7
$GPC looking to break out of its base! Notes: * Very strong up trend on all time frames * Great earnings in the recent quarters * Coming up on the right side of its ~7 month base with higher than average volume * Creating an ascending triangle pattern (bullish) * Printed a pocket pivot Technicals: Sector: Consumer Cyclical - Specialty Retail Relative Strength vs. Sector: 1.23 Relative Strength vs. SP500: 1.34 U/D Ratio: 1.34 Base Depth: 21.15% Distance from breakout buy point: -3.31% Volume 14.28% above its 15 day avg. Trade Idea: * You can enter now as the price is just above its 50 day line and the price printed a pocket pivot * If you're looking for a better entry you can look for one around the ~135.50 area * This stock usually has local tops when the price closes around 9.65% above its 50 EMA * Consider selling into strength if the price closes 9.45% to 9.85% (or higher) above the 50 EMA... * The last closing price is 2.6% away from its 50 EMA
NYSE:GPCLong
by HaseebKhan_90
$CPRX coming up on the right side of its base!Notes: * Strong up trend * Not the best earnings * Tested historical resistance of $6.17 around mid June * Broke and retested historical resistance of $7.43 just recently * Printed a pocket pivot and is still relatively close to its 50 day line * The Healthcare sector is doing relatively well compared to others Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.77 Relative Strength vs. SP500: 1.41 U/D Ratio: 1.59 Base Depth: 38.68% Distance from breakout buy point: -10.42% Volume 62.59% above its 15 day avg. Trade Idea: * You can enter now as the price is still close to its 50 day line and the price is just bouncing off of historical resistance with higher than average volume. * If you're looking for a better entry you can look for one around the $7.62 area * This stock usually has local tops when the price closes around 21.31% above its 50 EMA * Consider selling into strength if the price closes 21.11% to 21.51% (or higher) above its 50 EMA * The last closing price is 8.25% away from its 50 EMA
NASDAQ:CPRXLong
by HaseebKhan_90