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Godfrey Phillips - Care to take a puff of this stock ? Technical reasoning for a Bullish setup : > Quarterly charts represent a 6 year base building in this cigarette company from 2016 to 2021 where the stock has done nothing > Apr 2020 to June 2021 - 5 quarterly candles just showed sideways action in the counter and finally a breakout to retest the all time high resistance happened in July to September quarter > As the saying goes the bigger the base, the longer in space - A successful breakout & close above overhead resistance of 1400 zone can attract further momentum taking the stock to 2000 in coming months. > Depending on the time frame , risk can be defined at 1100 (for short term) and 950 (for long term) > Disclosure : I bought stake @ 1319 on Nov 3 , 2021 Cigarette smoking is bad for health, but will it be bad for my portfolio ? Only time will tell
NSE:GODFRYPHLPLong
by Himanshu_Khiara
AJG finally looking to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a tight range of ~3.35% with slightly higher than average volume * I originally mentioned this as it was breaking out of the cup with handle pattern at $153.09 * It has since then move higher and then started to consolidate * Even as the financial sector took a hit in the past week AJG managed to consolidate and stay afloat * This shows that there are institutions still interested in this stock and are holding it up * Now as the markets are showing signs of recovery, AJG is breaking out of the consolidation Trade Idea: * Now's a great time to enter as the price is just above the broken resistance of the range
NYSE:AJGLong
by HaseebKhan_90
SGH using IPO base resistance as support!* Great accelerating earnings * Breaking out of its IPO base * High 3-month relative strength in the Tech sector * Using the broken resistance of the IPO base as support * Formed a cup and handle pattern * Holding up really well even in a correction * Has been consolidating right above broken resistance for the past 4 weeks. * Maximum probable ROI is ~41% * Depth of the base is at ~70% * Has been forming the base since 2018 so ~70% move up isn't unlikely Trade Idea: * Given the nature of the current market and if you don't mind a little volatility, now would be a great time to enter as it's constructing a new support around the $56.69 area. * If you're looking for a slight discount you can look for an entry around the $56.69 area given it's acting as support Caution: * A daily close below $56.69 would negate the idea. * Given the market conditions and your risk tolerance use your judgement as to where you should enter. * A daily close below $56.69 could have the price around $53.73
SLong
by HaseebKhan_90
TER ready to move higher after using the 2000 highs as support?* Exceptional earnings * Strong up trend * High 3-month relative strength in the Tech sector * Breaking out of a ~1 year base with higher than average volume * Recently used $104.88 as support which was the high from the 2000's * Broke base resistance ($147.46) and has been using it as support for the past 12 days * Maximum probable ROI would be ~41.84% Trade Idea: * Great time to enter as the price is bouncing off of the broken resistance and isn't too far away. * If you're looking for a slight discount you can look for an entry near the $147.46 area since that should serve as support moving forward.
NASDAQ:TERLong
by HaseebKhan_90
UDR ready to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a 18 week base with higher than average volume * Has been consolidating above the broken resistance for the past 12 days making it a new level of support. Trade Idea: * Now's a great time to enter as the Real Estate market is showing strength. * Price isn't too far away from the broken resistance turned support * If you're looking for a slight discount you can look for buying opportunities near the $55.93 area
NYSE:UDRLong
by HaseebKhan_90