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Consolidation-breakout

Where is PLD headed next?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Built a 3 month base between $125.45 and $138.67 * After breaking out started to consolidate in a tight range * Slowly kept moving higher even as the general Real Estate sector was ranging during the same period * Broke out of the tight consolidation with higher than average volume Trade Idea: * Now's a great time to enter as the price just broke out of the tight range * If you're looking for a slight discount you can look to buy near the $150.90 area as that should serve as support * Even if the general Real Estate sector continues to range it seems like PLD will continue to move higher; given how it performed over the past three weeks.
NYSE:PLDLong
by HaseebKhan_90
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
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
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
TA: Bitcoin going down to Retest $55k-$50k before November 25Bitcoin may be going down to retest $55k-$50k on or before November 25. According to Technical Analysis conducted on the market structure by my group, we find the candlestick patterns repeating candlesticks that signifies a downward movement. However, we note that when trend breaks above the market level and starts retracing it’s maybe coming to the former support zone from whence it climbed. Taking into consideration the recent candlestick patterns and the current market structure, we see the market continuously breaking structure to the downside. Predicting from a reasonable bias the bears in Bitcoin market are strongly in charge now and ready push to $55k to rest on a support zone where the bulls can later have a hands on. However, it’s a matter of market and anything can happen. We are not going to forget that whales can jump in a change the bias. Let’s look out for Bitcoin at $55k soon!!!
BITSTAMP:BTCUSD
by RitzySec
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
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
AJG looking to continue its moveI last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there. Due to the current market correction the stock did slow down but now is looking to continue its move. The tight consolidation it was in during this short correction indicates that institutions were accumulating during this time. The stock broke out with higher than average volume and is showing signs of continuing its move. Trade Idea: * Now's the right time to enter as it's not too far from its broken level. * If you're looking for a slight discount you can look for an entry near the $164.08 area as this should now serve as support. Caution: * A daily close below 164.08 would put it back inside the consolidation range. * A daily close below $160.21 would negate this idea.
NYSE:AJGLong
by HaseebKhan_90
CPRT ready to move higher?I last spoke about this on October 29th as it was breaking out of the resistance at $152.85. At that time I did mention that this may end up consolidating for a while before it's ready to move higher. Now CPRT is offering yet another entry and it seems like it's ready to move higher from here. What's really interesting about this is that it consolidated while the general market was in a correction. This indicates that institutions are interested in this stock and were keeping it afloat. Now may be the perfect time to enter before it starts heading higher. Everything from my previous post still stands. Trade Idea: * Now's the right time to enter as the stock is trading at higher than average volume * Earnings coming up next week * If you're looking for a slight discount you can look for an entry around the $152.85 area * $152.85 as been serving as support and should serve as support going forward
NASDAQ:CPRTLong
by HaseebKhan_90
HTA breaking out of a month long tight range* Okay earnings * General up trend * High 3-month relative strength of 4.02 in the Healthcare sector * Recently broke above the early 2020 highs of $31.48 with a break-away gap * Breaking out of a 20 day tight range with slightly higher than average volume * During this consolidation the volume was very steady with some spikes in buying. This shows institutional interest in this stock. Trade Idea: * If you can stomach a little volatility now's a great time to enter as the price just broke out of the range and is still close to the broken level. * If you're looking for a slight discount you can look to enter around the $33.61 area as that should serve as support Caution: * General market may continue to correct * A daily close below $33.61 would put the price back inside the range and expose $32.96 as the next level of support. * A daily close below the indicated range i.e. $32.96 would negate the idea.
HLong
by HaseebKhan_90
KW looking to go higher?* Great earnings * General up trend * High relative strength in the Real Estate sector * Pays generous dividends * Recently broke out the previous ATH from 2015 of $21.93 * Before that it consolidated between 18.66 and 20.46 for ~5 months * After breaking out of $20.46 it create a base on top of base pattern and consolidated for ~2 months before breaking previous ATH Trade Idea: * You can enter now as indicated if you don't mind a little volatility * Or you can wait for a slight discount by looking for entry opportunities near the 21.93 to 22.12 range Note: * This may be forming a higher handle to a cup and handle pattern. The rounding price action between 20.92 and 22.12 would serve as the cup.
NYSE:KWLong
by HaseebKhan_90
AAWW giving an entry opportunity before the next leg higher?* Great earnings * Earnings accelerating for the past three quarters * High relative strength in the Industrial sector * Mostly sideways price action historically but recently broke out of a multi year base that dates back to '08 ($66.45) * Retested the broken multi-year base as support before continuing to make higher moves * Sitting right above broken resistance of $85.77 with higher than average volume Trade Idea: * You can enter now if you don't mind a little volatility as the price is very close to the broken level * Or, given the recent bases, this may consolidate for a few days near $85.77 as the volume starts to drop * If you decide to wait, keep an eye out for an increase in volume before getting in. * If this stock comes back on my radar I'll post about it as that would be a better entry; but for now, this is good.
ALong
by HaseebKhan_90