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Consolidation-breakout

LXP breaking out of a tight consolidation with high volume!* Good earnings * Strong up trend * High relative strength in the Real Estate sector * Pays out dividends generously * Breaking out of a very tight 2.64% range with 104.98% higher than average volume. * This can also be considered a Pocket Pivot breakout Trade Idea: * Now is the perfect time to get in as the price is still very close to the broken range resistance. * It's also presenting a Pocket Pivot breakout which shows strong institutional interest in the stock
NYSE:LXPLong
by HaseebKhan_90
BG breaking out of a multi-year base!* Steady earnings * Starting a new trend higher * High relative strength in the Consumer Defensive sector * Pays dividends * Breaking out of a base that dates back to 2007 with higher than average volume (42.34% higher) * Forming a very well shaped cup and handle pattern * Maximum probable ROI for this trade is 24.83% Trade Idea: * This is the perfect time to get in as the price is still very close to the level being broken. * You can see that the price did try to break out a few days ago but now it's trying to break again! * If you're looking for a discount you can look for buying opportunities near the $88.85 area as that should serve as support
NYSE:BGLong
by HaseebKhan_90
Wasn't BTC supposed to go up❗️❓Hola people, and hello to my followers. BTW: If my analysis give you more clarity and value SMASH that like button - if they don't, please follow me. So, let's get to business. As you can see, Bitcoin is now being the annoying currency like we all know it. Instead of smashing ATH's, it's lost in a range. The blue rectangle is where the consolidation is happening - AKA range. You know how this works, either it breaks out the upside or the downside. We will wait and see. That's it for this analysis. I'm out✌️
by EliteTradingX
MAR showing signs it's ready to go higher!* Great earnings * Strong up trend * Very high RS in the Consumer Services sector * Earnings steadily increasing quarter over quarter * Breaking out of a ~8 month consolidation with higher than average volume * Recently broke a long term resistance of $152.78 that dates back to 2019 and retested it as support for ~5 weeks Trade Idea: * Now is the perfect time to get in as the price is really close to the broken level and it's also picking up on volume. * If the earnings are good, this has a great chance of a break away gap.
NASDAQ:MARLong
by HaseebKhan_90
2
PBH broke out again with volume!* Great earnings * Strong up trend * High RS in the Healthcare industry * Breaking out of a ~13 week consolidation with higher than average volume (93.18%) * Recently broke back above $57.53 that has been resistance since 2016 Trade Idea: * If you can stomach a little volatility, now is the perfect time to get in since the price isn't too far from the broken level and it's breaking out on higher than average volume. * However, looking at the weekly chart I think PBH may consolidate for a couple of days before heading higher. * If you're not getting in now, do keep an eye on this one for sure!
NYSE:PBHLong
by HaseebKhan_90
ASGN giving another entry before heading higher?* Excellent earnings * Very strong up trend * High relative strength in the Industrials sector * Offering another entry point for those that missed the initial break out * High volume entry point (64.63% higher than average) Trade Idea: * As always, this is a great time to enter as it's very close to the level and close to its EMA as well. * If you wanna look for a slight discount you can wait for a buying opportunity near the 118.26 area as it should serve as support moving forward.
NYSE:ASGNLong
by HaseebKhan_90
REEF/USDT Getting ready for a breakout. All signs show upwards🚀Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - SEC confirmed that crypto will not be banned which is positive for the whole crypto market. - DeFi projects appreciated a lot of attention during the first quarter of 2021 and probably will again during Q4. - In circulation we have 13billion coins out of possibly 16-20 billion. Therefore we don't expect a strong pullback due to inflation. - Total market cap is around 400million which seems too low. Daily chart: - Price shows a consolidation around the 0.03$. We did retest the old resistance around 0.025$ which turned into support. - Volume shows a price spike together with price appreciation. Often times this is followed by a second round of prices spikes so we are watching closely. The chances we see this during the next days are pretty good. - RSI analysis shows that bounced back from the red 80 line. We found support around the 50 line and get ready to go back up again. - Support lines are at 0.025$?, 0.02$, 0.0165$ and 0.0135$. The ascending yellow line can act as support as well. - Resistance lines are at 0.05$. Clear sky lies beyond. Expectation: - We expect another leg up after the current consolidation. All signs show strength and upwards momentum. - DeFi will get more attention during Q4 again and not only for Tax reasons. - We expect some consolidation around 0.03$ before we get through and a struggle around 0.05$. So far we see exactly that. - End of the year prediction: We will see a 0.3$+ REEF before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
RLong
by tumbler55
URI getting ready to move higher!* Excellent earnings * Very strong up trend * High relative strength in the Industrials sector * Breaking out of a ~8 month consolidation with very high volume (172.64% higher than average) * Max probable ROI on this trade is 26.08% Note: * Institutions don't buy breakouts, they create breakouts. Trade Idea: * Now is the perfect time to get in since the price is still very close to the broken level and it broke out on very high volume. * Also, the last closing candle can be classified as a bullish pin bar showing tonnes of demand under the $364.30 area
NYSE:URILong
by HaseebKhan_90
Potential trend-continuation breakout on the horizonGood afternoon all, By the looks of things, it seems as though the GBP/NZD is setting up for something big. At least, larger than has been recently at play in the pair. We can see price continuing to trade within its recent parameters of the descending level and the liquidity pool below which is situated at approximately 1.91800. We expect price to continue trading within these paramaters for a while longer too which gives us all time to prepare for either the bullish or bearish breakout that we ultimately see is on the horizon. The triggers for both are simple, a full breakout and retest of the descending level (top of price) for a potential long with targets in the region of the 1.93 magnet and beyond OR a full breakout and retest of the lower liquidity pool for shorts down in the region of 1.91500 and beyond. On the higher timeframes, we can see price is at a major daily decision point, should price go for the bear breakout, the fall could be a lot larger than the climb. Lets see what happens. Catch you soon!
by TheTradingRoom