Classicalcharting
$ARD #Breakout from 3 month #Ascending #Triangle #ChartPatternI posted about NYSE:ARD consolidation ascending triangle chartpattern a week ago. Today, the stock closed well above its 200 MA and at the same time close above pattern horizontal resistance line.
Chart from last week is here
$IDN forming 3 month #CupandHandle #CharPatternNASDAQ:IDN been trading sideways for the last 3 months forming a cup and handle chart pattern. Earnings in 2 days so buying a breakout ahead of that, obviously, comes with its own added risk. None the less, i good setup to watch how it unfolds this week. Good luck.
$RE forming 2 month #CupandHandle #ChartPatternNYSE:RE seems ready to breakout from a 2 month cup and handle pattern with a well defined horizontal resistance line.
REAL forming 3 month #rectangle #chartPattern #breakoutNASDAQ:REAL has been trading in a trading range for the last 3+ months forming a rectangle pattern. The stock price is stilling right under 3 resistance confluences (200 MA, Weekly downsloping trend line, and rectangle resistance). A breakout above these 3 levels will set the stage to a leg higher and a trigger of a long trade. REAL reported earning this evening 08/06.
$SWCH forming 3 month #rectangle #chartPatternNYSE:SWCH been trading in a tight rectangle formation with the price bouncing between $17 and $19. Earnings set in 2 days could be the catalyst for the stock to finally breakout starting the next leg up in the stock. Add it to your watch list and watch for a daily close above rectangle upper boundary for a long entry.
$TAST reached its #rectangle #ChartPattern price targetNASDAQ:TAST broke out few days ago and reached its price target. i posted about this breakout setup here.
$UTI forming 3 months #rectangle #consolidation #ChartPattern NYSE:UTI has been moving sideways for 3 months forming a well defined rectangle chart pattern. The stock has tested the $7.75 price level 5 times in the last few weeks. A break and daily close above that level sets the stock for a run to its chart pattern price target around $9.50, a 21% price increase from breakout level. Earnings coming up in 2 days. Add this stock to your watch list and look for long entry on breakout post earnings.