$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
Buysignal
$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
$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
$BOX seems to be recovering from its pullback?Notes:
* Steady up trend
* Great earnings track record
* Forming a cup and handle like pattern on the monthly time frame for the past ~4years
* Held up relatively really well while the tech sector was being destroyed
* Currently bouncing off its 200 day line and now its 50 day line
* Also forming an inverse H&S pattern and broke out of it
* Bouncing off its 50 day line with higher than average volume and printed a pocket pivot
* Historical resistance comes in around $29.79
Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs. Sector: 1.74
Relative Strength vs. SP500: 1.72
U/D Ratio: 1.0
Base Depth: 45.87%
Distance from breakout buy point: -17.22%
Volume 3.69% above its 15 day avg.
Trade Idea:
* You can enter now as the price just bounced off of its 50 day line with higher than average volume and also printed a pocket pivot.
* If you're looking for a better entry you can look for one around the $26.59 area
* This stock usually has local tops when the price closes around 15.27% above its 50 EMA
* Consider selling into strength if the price closes 15.07% to 15.47% (or higher) above its 50 EMA
* The last closing price is 2.86% away from its 50 EMA
USD/JPY BUY SIGNAL After confirming the break of the resistance level136.60, the price forms Elliott waves in a perfect way, the correction waves ABC are almost finished, and the bullish trend is still dominant in the market, which confirms the idea of buying.
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SOLUSDTHi, I hope you have a nice day.
The bullish momentum is stronger than the corrective trend, but the price range of $31.6 has been engulfed! As a result, in my opinion, the downward trend is not over yet.
The possibility that we have an upward trend to higher ranges and a downward trend is formed again to the price range of $27.86 is not out of mind!
We would be happy if you share your thoughts with
$CNC ready to break out of its ~5 month basse?Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Building a base on base pattern
* Held up very well against the general market and its sector
* Recently bounced from its 50 day line
* Printed a pocket pivot with higher than average volume
* Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer
Technicals:
Sector: Healthcare - Healthcare Plans
Relative Strength vs. Sector: 1.15
Relative Strength vs. SP500: 1.1
U/D Ratio: 1.22
Base Depth: 18.61%
Distance from breakout buy point: -1.98%
Volume 39.0% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the 50 day line and just printed a pocket pivot
* If you want a better entry you can look for one around 86.8 as that should hold as support moving forward
* This stock usually has local tops when the price closes around 11.18% above its 50 EMA
* Consider selling into strength if the price closes 10.98% to 11.38% (or higher) above its 50 EMA
* The last closing price is 6.04% away from its 50 EMA
CADCHF bullish setup.Hello traders,
After the price made a quarterly low and created a Bullish Order block ( BuOB) the price rallied up to form a breaker to indicate a change in the order flow.
This week, catch the lowest price possible so that we can continue going long.
Wait for the price to come to the level around 0.75125.
Like and comment if you agree 💯
FTMUSDTIt can be very risky!!!
But I still don't have a signal to form a bearish trend, and until the upward trend line is broken, I have the view of the price being bullish, up to the yellow range ($0.3).
$MUSA coming up on the right side of its base!Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Pays out dividends and has been increasing them recently
* Basing for ~4 months
* Held up incredibly well while the general market was taking a beating
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.92
Relative Strength vs. SP500: 2.38
U/D Ratio: 1.16
Base Depth: 19.38%
Distance from breakout buy point: -5.98%
Volume 2.99% above its 15 day avg.
Trade Idea:
* You can enter now as the price just tested its 50 day line as support and is now pushing higher with volume
* If you want a better entry you can look for one around the $241.94 area
* This stock usually has local tops when the price closes around 14.62% above its 50 EMA
* Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA
* The last closing price is 5.68% away from its 50 EMA
$XENE showing signs of going higher after a long consolidation!Notes:
* Strong up trend
* Okay earnings track record
* Consolidating for the past ~9months
* Bouncing from its 50 day line with bullish momentum
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.73
Relative Strength vs. SP500: 1.32
U/D Ratio: 1.97
Base Depth: 36.27%
Distance from breakout buy point: -1.16%
Volume 19.91% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the 50 day line
* If you're looking for a better entry you can look for one around the $32.76 area as that seems to be a pivot
* This stock usually has local tops when the price closes around 33.16% above its 50 EMA
* Consider selling into strength if the price closes 32.96% to 33.36% (or higher) above its 50 EMA
* The last closing price is 10.55% away from its 50 EMA
Is $NVO ready to push higher on the right side of its base?Notes:
* Very strong up trend on all time frames
* Great earnings
* Pays out dividends
* Forming a base for the past ~8 months
* Testing the 50 day line as support for the past 4 sessions
* Bouncing off the 50 day line with higher than average volume and printed a pocket pivot
Technicals:
Sector: Healthcare - Drug Manufacturers - General
Relative Strength vs. Sector: 1.62
Relative Strength vs. SP500: 1.24
U/D Ratio: 1.02
Base Depth: 18.33%
Distance from breakout buy point: -8.94%
Volume 44.56% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just bouncing off of its 50 day line with tonnes of volume
* If you're looking for a better entry you might find one around the 110.5 area
* This stock usually has local tops when the price closes around 14.27% above its 50 EMA
* Consider selling into strength if the price closes 14.07% to 14.47% (or higher) above its 50 EMA
* The last closing price is 1.57% away from its 50 EMA
$CI looking to break out of its ~14month cup and handle!Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Pays out dividends
* Forming a cup and handle over the past ~14 months
* Bouncing off of its 50 day line with very bullish price action and volume
Technicals:
Sector: Healthcare - Healthcare Plans
Relative Strength vs. Sector: 2.7
Relative Strength vs. SP500: 1.65
U/D Ratio: 1.15
Base Depth: 43.95%
Distance from breakout buy point: -2.77%
Volume 2.78% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just bouncing off of it 50 day line with volume
* If you want a better entry you can look for one around the 262.8 area
* This stock usually has local tops when the price closes around 9.64% above its 50 EMA
* Consider selling into strength if the price closes 9.44% to 9.84% (or higher) above its 50 EMA
* The last closing price is 3.14% away from its 50 EMA
$DLTR ready to push higher?Notes:
* Very strong up trend in all time frames
* Great earnings
* Building a base on base pattern
* Coming up off of its 50 day line with volume
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 2.53
Relative Strength vs. SP500: 1.45
U/D Ratio: 1.12
Base Depth: 36.34%
Distance from breakout buy point: -5.45%
Volume 48.18% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just coming off of its 50 day line with higher than average volume
* If you're looking for a better entry you can look around the 162.13 area or around the 163.8 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 5.82% away from its 50 EMA