Consolidation-breakout
Consolidation breakout CHZConsolidation breakout, came down to fill the gap up, breakout at 17c, next doors at 26 and 32.
PAYX looking to go higher after finding new support.* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a ~2 month consolidation period with higher than average volume
* Very strong Relative Strength in the Industrial sector
* Recently broke resistance of 117.11 and retested it as support
Trade Idea:
* As always, if you don't mind a little volatility in the short term this is a great time to buy
* If you're looking for a discount, you can look for an entry near the $117.10 area
Note:
* The bullish pin bar from October 13th shows that there's a lot of demand for it around the 117.11 area.
The price moved higher after the 13th increasing in buying volume so this has a less probability of revisiting that area.
HD breaking out!* Exceptional earnings year-over-year
* Very strong up trend
* Breaking out of a 5 month consolidation with slightly more volume than average
* Pays out dividends with a Payout Ratio of 44.10% which means the company has more room for growth and potentially increase dividends as well.
Trade Idea:
* You can enter now as indicated if you don't mind a little volatility
* Given that it only broke out with slightly higher than average volume, this may visit the 339 area before heading higher.
HIG looking to go higher?* Great earnings
* Strong up trend since 2009
* Broke out of a long consolidation period with slightly higher volume than average
Trade Idea:
* If you don't mind a little volatility you can enter now as indicated
* Given the volume and price action, this may visit the 70.80 area before heading up further.
PRFT looking to go higher?* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a month long consolidation with higher than average volume
* Very high relative strength in the tech sector
CLBK looking to go higher?* Great earnings quarter over quarter
* Relatively new
* Breaking out of IPO base
* General up trend
* Breaking out of a cup and handle forming since April 2021
* High Relative Strength of 1.46 relative to the Financial sector
* Braking out with 56.83% more volume than average
Note:
* This has the potential to go much higher than the indicated target but it's always better to take some profit early on given the market conditions.
CASH breaking out !!* Great earnings quarter over quarter
* Strong up trend
* Breaking out of a ~4month consolidation period with higher than average volume
* High relative strength in the financial sector
Trade idea:
* If you don't mind a little volatility then enter now and join the ride
* If you're looking for a discount you can wait for a pull back to the 53.07 area
Thoughts:
* I think this CASH may consolidate near the broken resistance before heading higher.
#BTCUPDATE - 4.OCT.21 FAKEOUT & RETURN TO CONSOLIDATION#BTCUPDATE - 4.OCT.21
FAKEOUT & RETURN TO CONSOLIDATION
A strong rejection at $49.2k brought the price directly back into the continued consolidation triangle and now back to awaiting which direction is going to be confirmed.
Unfortunately an unfilled weekly pivot has a appeared that usually has a high chance of being filled - so it can be looking like a bearish break out at this stage. Some more positive news from the US government would certainly help sway things but right now not looking great.
A break up of $48.5k will almost certainly take us to $50k and a break down of $47k can realistically take us to $45k.
I would not be trading until confirmation of direction.
BA Preparing for LaunchBA technical price analysis.
Cup and handle on 1 D it is almost done consolidating (or may be done) for the big launch. Lost trend temporarily but is back in (as expected in the last post). I would love for it to hit the support and 50 MA about $220, but a target of $280 (resistance) or $320 if BA decides to follow trend.
Fundamentally BA’s travel sector has better guidance with the vaccines. Well better guidance than in 2020 that’s for sure.
This is not financial advice. This is for entertainment and personal case study reasons. It is posted just for enjoyment purposes. Do not take anything as any form of financial advice.
QCRH moving higher!* Good earnings quarter over quarter
* Steady and general up trend
* Recently broke highs from 2017
* Before breaking the highs from 2017 it consolidated for roughly 5 months close to resistance
* After breaking the highs from 2017 it consolidated again for another 5 weeks creating a base on base pattern
* Broke out of the 5 week consolidation with 88.74% more volume than average
Trade Idea:
* You can get in now as the breakout takes place with volume coming in
* Or you can wait for a slight discount and enter around $52.10
CIPLA as on 25.09.2021A GOOD UPTREND IN ONE DAY CHART!!
AND A GOOD CONSOLIDATION IS BEING FORMED FROM AUGUST!!
Wait for breakout of consolidation!
If it breaks the resistance level that is 988 then wait for any short retest and can have a small target!!
TARGET=1086/1100
STOP LOSS=921/930
And if it breaks the uptrend support line then do not buy as the stock can retest and go for filling gap which is at 542 level!!
So wait for a true breakout and do check VOLUME!!
And if breaks down then go for short trade in 15 min time frame !!
50 ema and 200 ema giving good support to stock!!
Can check MACD for more confirmations!
AND daily and weekly pivot are near our target !!
So just wait for a true breakout!!
(The above analysis is only for study purpose do not take it as any buy or sell call!!)
FSV breaking out of consolidation* Good earnings quarter over quarter
* Strong and steady up trend
* Broke out of a 2 month consolidation with higher than average volume
* Pays dividends with a Payout ratio of 21.10% the company has a lot more room to grow
Trade Idea:
* Broke out of consolidation with higher than average volume
* Saw a tonne of selling pressure after the break but held the broken level as support
* This may end up consolidating for a bit before moving higher but $191.20 should hold as support
* Look for buying opportunities around the $191.20 area
ADAUSD Consolidates Makes Clear TargetsImportant things to note:
BTC is holding the critical 48k level I have mentioned previously and is producing buy signals at the moment.
ADA has a few choices
It will either consolidate until 2.37 and push upwards
Fall to 2.26 and push upwards
Minor target of 2.83
Major target of 3.25
2.2 less likely
ADA not likely to break main trendline
Important Dates to Take Note of:
ADA Summit Sep 25-26 2021 (likely to produce more important dates)
I have to make this short because I have my big test tomorrow and need to study the rest of the day. BTC is holding the 48k level I have said previously is the most important level and will decide where it goes from here. That is very bullish and unless things change, it will consolidate to push to 50k. ADA has a few choices right now. It can either consolidate all the way to the 2.37 level and push upwards, or fall to 2.25 and push upwards. The fall to 2.2 looks unlikely now because it would have to break the main trendline and I don't see that happening at this point. My minor target for ADA is 2.83 and my major target is still 3.25. We will know what happens very soon. That is about it for me everyone! Thanks again for all of the support and your patience while I study. I will be back soon! I will try my best to update you all and reply when I can! I will keep and eye on ADA. Thanks again everyone!
Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know!
Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time.
Again, I apologize for having less time to post at the moment, but that will change in a couple weeks.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
AMP pushing higher from new support* Strong earnings quarter over quarter
* Expected to do better in the coming year
* Strong up trend
* Broke out of 5 month consolidation
* Retested broken level as support with higher than average volume (33.98%)
* Pays out dividends with a Payout ratio of 47.40% which means the company has a lot more room to grow and possibly increase dividends
* Minimum probable ROI of ~12% if the trade goes in our favor
Trade idea:
* Perfect time to enter as it's picking up volume and using the broken level as support.
ASGN forming an A+ setup with multiple patterns!* Strong earnings year over year
* Strong up trend
* Broke out of a 5 month consolidation
* During the consolidation it created a cup and handle pattern
* After breaking the cup and handle pattern it consolidated just above the broken levels creating a base over base
* Volume is now picking back up after base over base consolidation (53.53% above average)
* Minimum probable ROI of 20% can be expected if the trade goes in our favor
HLI to continue higher?* Exceptional earnings year over year
* Very strong up trend since inception
* Broke out of a month long consolidation with 72.99% more volume than average
* Under very tight accumulation for the past 5 weeks
* Pays out dividends with a Payout ratio of 26.70%. This means the company has a lot more room to grow and possibly increase dividends as well.
Trade Idea:
* Now is the perfect time to enter as it's still close to the broken level and is picking up momentum with volume.
* If you are looking for a small discount, this may come down to retest the $88.90 area before heading higher.
SYK breaking out once again with higher volume!* Exceptional earnings year over year
* Very strong up trend
* Breaking out of a 4 month consolidation period with 63.09% more volume than average
* Pays out dividends with a Payout ratio of 44.50% which means that the company has a lot of room to grow further and possibly increase dividends as well!
* Probable ROI is 12.98% if the trade goes in our favor
Trade Idea:
* This is a great time to get in as it's breaking out for the second time after using the $268 area as support that made a higher low!
AMRC to go higher?* Great earnings year over year
* Very strong up trend
* Breaking out of a year-to-date consolidation with 40.98% more volume than average
* This trade as a chance of giving an ROI of 86.26% if it plays out in our favor.
Trade Idea:
* Now is the best time to jump into this as it's very close to the breakout point and it's picking up volume as well.