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Buyzone

MCHP ready to move higher?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Broke out of an 11 month range on November 4th * Since the breakout it has been consolidating above the broken level making it a new support * Maximum probable ROI would be 25.60% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the price is really close to the broken level and the volume shows institutional interest after 2 weeks of tight consolidation. * If you're looking for a slight discount you can look to buy near the $82.40 area as that has been serving as support for the past ~13 days * Consider taking partial profits at $92.40 Caution: * A daily close below $82.41 could put this idea in trouble. * Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis
NASDAQ:MCHPLong
by HaseebKhan_90
CSX broke out of a tight range. Where is it headed next?* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 8 month base between $29.71 and $34.26 * After breaking out it started to consolidate in a tight range creating a base on base pattern * Breaking out of the range with higher than average volume Trade Idea: * Now's a great time to enter as the price is very close to the broken level Caution: * A daily close below $36.25 would put the price back inside the range and expose $35.14 as support * Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis. * Alternatively, a daily close below $35.14 would negate the idea
NASDAQ:CSXLong
by HaseebKhan_90
12
UNP ready to make the next move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 11 month base between $196 and $227.80 * After breaking out it started consolidating in a very tight range creating a base on base pattern * Consolidated for about a month and now breaking out with higher than average volume Trade Idea: * If you can handle a little volatility, now's a great time to enter as the price is still close to the broken range and is picking up on volume * If you're looking for a slight discount you can look for buying opportunities near the $243.91 area * Looking at the chart, it wouldn't surprise me if it does come back to retest the $243.91 area before heading higher. Caution: * A daily close below $238.83 would negate the idea
NYSE:UNPLong
by HaseebKhan_90
$VEEETwin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. Its boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities including transportation, eco tours, fishing and diving expeditions. Its boats are used in range of recreational activities, including fishing; diving and water skiing; and commercial activities, such as transportation, eco tours, fishing, and diving expeditions. The company sells its boats through a network of independent boat dealers in North America and the Caribbean. Twin Vee PowerCats Co. is headquartered in Fort Pierce, Florida. Twin Vee Powercats Co. operates as a subsidiary of Twin Vee PowerCats, Inc.
NASDAQ:VEEELong
by BADQOMOCAWGOWLD
NKE ready to push higher!* Exceptional earnings * Very strong up trend * Very high 3-month relative strength in the Consumer Cyclical sector * Pays dividends * Breaking out of a 5 month base * Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks * Breaking out with higher than average volume Trade Idea: * Now's a great time to get in as the price is really close to the broken level * Offering a very nice risk/reward ratio * If you're looking for a discount you can look for an entry near the $174 area Caution: * A daily close below $174 would expose $170.62 as the support level * A daily close below $170.62 would negate the idea. Note: * Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.
NYSE:NKELong
by HaseebKhan_90
CNQ indicating it's ready to move higher!* Great earnings with acceleration * On the longer time frames, it's mostly sideways but has started a new up trend * High relative strength in the Energy sector * Broke out of a ~4 month basing pattern before making the leg higher. * Consolidated in a tight range of 3.77% before breaking out again * Maximum probable ROI for this trade would be around 26.70% Trade Idea: * Now's the perfect time to get in as the price is still close to the broken range * Broke out with very high volume (178.08% of the consolidation average) * This can also be considered a Pocket Pivot breakout; indicating institutional interest
NYSE:CNQLong
by HaseebKhan_90
VLY ready to make new highs?* Good earnings * Steady up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~9 month consolidation with higher than average volume * Has been testing broken resistance as support for the past 5 days * Maximum probable ROI is 22.38% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the price is really close to the broken level. * $14.44 should continue to serve as support moving forward. * Lock in some profits at first target and let the rest run to the final target. Caution: * Since we have a tight stop, a daily close below $14.44 would negate the idea. * Alternatively, you can wait to see if two or three consecutive days close below $14.44 before exiting the trade
NASDAQ:VLYLong
by HaseebKhan_90
2
FRC ready to move higher!* Excellent earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a base on base pattern with higher than average volume * Was consolidating for ~3 months prior to building another base Trad Idea: * Now's a great time to enter as the price is close to the broken level and volume is picking up as well. * If you're looking for a slight discount you can look for buying opportunities near the $219.76 area Caution: * A daily close below $219.76 would put the price back inside the range and expose $211.91 as support. * Two or three consecutive days closing below $219.76 would negate the idea.
NYSE:FRCLong
by HaseebKhan_90
ITW ready to move higher?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Breaking out of a ~8 month base with higher than average volume * Recently broke above the pivot point of $232.47 and used it as support for 5 days before moving higher * Retested the broken resistance as support * Pays generous dividends Trade Idea: * Now's a great time to enter as the price broke out and retested it as support * If you're looking for a slight discount you can look to buy near the $239.46 Notes: * The general Industrial sector is in a fairly tight range right now so this may follow the same path. * If you're not getting in right now, you may want to wait a couple of days to see how this plays out. * If it starts to range, you want to look for a high volume break of the range before getting in. Caution: * A daily break below $239.46 would expose $232.47 as support * A daily close below $232.47 would negate this idea. * Also if the stock continues to may lower lows for 3 consecutive days below $239.46 you might want to consider exiting the position early.
NYSE:ITWLong
by HaseebKhan_90
ISRG ready to break from the cup and handle?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Healthcare sector * Offering a pocket pivot entry with little to no resistance * Forming a text-book cup and handle pattern with a ~11% deep base * Base forming for the past ~10 weeks with a tight handle of ~3 weeks Trade Idea: * Now's a great time to enter on the pocket pivot signal and it's just before the breakout * Offering a great risk/reward ratio * If you're looking for a slight discount you can look for an entry near the $353.94 area * This would be its second attempt at breaking out. Notes: * The general Healthcare sector has been in a very tight consolidation for the past several weeks. * This seems to be a leader in the sector breaking out before its peers. Caution: * This is a pocket pivot signal and though there's little to no overhead resistance, the stock might not breakout immediately. * A daily close below $353.94 would negate this idea * Since there is some buffer room in the stop, we may be able to wait for two consecutive days closing below $353.94 before exiting.
NASDAQ:ISRGLong
by HaseebKhan_90
VEEV ready for another attempt to break out of a 16 month range?* Perfect earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Offering a pocket pivot entry near the resistance of a 16 month base * Looking at the monthly chart, the price used roughly the mid of that range ($279.39) as support before its previous attempt to break out. * Last month it used $279.39 as support again before moving higher. * The price is very close to its 10EMA on both the monthly and weekly charts indicating it's ready to move higher * Price and volume both in sync during the descending triangle consolidation indicated in white Trade Idea: * You can enter now as the increase in volume shows institutional interest * It's also offering a very attractive risk/reward ratio * If you're looking for a discount, you can look for buying opportunities near the $311.61 area (bottom of the descending triangle * The longer the base, the higher into space :p Caution: * This is a pocket pivot signal and though there's little to no overhead resistance, the price might not break out. * A daily close below the base of the descending triangle would negate this idea.
NYSE:VEEVLong
by HaseebKhan_90
2
JBHT ready to move higher?* Great earnings year-over-year * Very strong up trend * High 3-month relative strength in the Industrial sector * Was in a ~7 month consolidation * Recent earnings caused a break away gap and a tight range for 3 weeks * This created a base on base pattern * Breaking out of a very tight 3 week consolidation of 2.49% with higher than average volume Trade Idea: * Now's the perfect time to enter as the price is very close to the broken level. * However, looking at the weekly chart, this may consolidate for a couple of days before continuing to move higher.
NASDAQ:JBHTLong
by HaseebKhan_90
HD looking to continue moving to new highs?I last spoke about this around mid October as it was breaking out of from $342.15. Since then it rallied higher and then consolidated for 3 weeks. This consolidation also created a base on base pattern. Now it's breaking out of the consolidation as earnings approach. The best part about this is that it was consolidating as the general market was in a small correction. This shows that there is institutional demand for HD and earnings may give another leg higher. Trade Idea: * Now's the perfect time to enter as the price is right above the broken resistance. * Very favorable risk/reward ratio. * If you're looking for a slight discount you can look for buying opportunities near the $366.48 area as that is the base of the tight range. * Looking at the weekly chart this may continue to consolidate but with earnings coming up I can see this moving higher from here.
NYSE:HDLong
by HaseebKhan_90
2
RYN looking to set new highs!* Great earnings year-over-year * Strong up trend * High relative strength in the Real Estate sector * Breaking out of a ~7 month base * Recently used a multi-year resistance ($35.05) as support * Looking at the weekly chart it seems like RYN is ready to continue its move to new all-time-highs Trade Idea: * If you can stomach a little volatility, now's a great time to enter as the price just broke out. * If you're looking for a slight discount, you can look for buying opportunities near the $38.40 area as that should serve as support moving forward. Caution: * The markets are volatile right now so a daily close below $38.40 would negate the idea for the time being.
NYSE:RYNLong
by HaseebKhan_90
HIW offering an early entry with a pocket pivot setup?* Great earnings * Strong up trend * High 3-month relative strength in the Real Estate sector * Pays out dividends very generously * Recently broke out of a multi-year range dating back to 2016 * Recently used the resistance of that range ($43.99) as support * Has been consolidating for the past ~6 months * Offering a pocket pivot entry with very high volume and little to no overhead resistance Trade Idea: * Now's a great time to get an early entry before the actual breakout. * If you're looking for a slight discount you can look for an entry near the $46.52 area as that should serve as support. Caution: * Pocket pivots do offer an early entry before the actual breakout and even though there's little to no overhead resistance, there's still a chance that it may not break out immediately.
NYSE:HIWLong
by HaseebKhan_90
ANTM ready to move higher?* Exceptional earnings year-over-year * Very strong up trend * Incredible 3-month relative strength in the Healthcare sector * The day of the earnings report we saw an incredible rally * Before breaking out, was consolidating for about 6 months * Consolidated for 3 weeks in a tight range of 3.82% * Created a base on top of base pattern * Breaking out of the 3 week consolidation with higher than average volume Trade Idea: * Now's the perfect time to enter as the price is really close to the broken consolidation * If you're looking for a slight discount you can look for an entry near the $420.06 area in case it comes back into the consolidation zone.
ALong
by HaseebKhan_90
MSI breaking out of a cup and handle pattern* Exceptional earnings year-over-year * Very strong up trend * High relative strength in the Tech sector * Pays out dividends * Breaking out of a cup and handle with higher than average volume Trade Idea: * Now's the perfect time to get in as the price is very close to the broken level * Looking at the weekly char also gives a lot of confidence that this is ready to move higher * The price right now is giving a very favorable risk/reward ratio.
NYSE:MSILong
by HaseebKhan_90