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Consolidation-breakout

#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.
by Kryptochristian
1
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.
NYSE:BALong
by Urmomma
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
NASDAQ:QCRHLong
by HaseebKhan_90
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!!)
NSE:CIPLA
by shivamalang
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
NASDAQ:FSVLong
by HaseebKhan_90
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.
KRAKEN:ADAUSDLong
by mysticalwalrus
47
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.
NYSE:AMPLong
by HaseebKhan_90
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
NYSE:ASGNLong
by HaseebKhan_90
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.
NYSE:HLILong
by HaseebKhan_90
2
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!
NYSE:SYKLong
by HaseebKhan_90
TTEK building a base over base pattern!* Strong earnings quarter over quarter * Strong up trend * Broke out of a year-to-date consolidation * Consolidating right above the broken level Trade Idea * Now would be a great time to get in on this given that it has broke out and is now creating a new support right above the broken level. * However, if you are looking for a discount, this may consolidate a bit more before moving higher so you may look to enter around 142.80 and 144.70 area Note * This is a great long term hold given it's established growth * and it pays out dividends with a Payout ratio of 19.70% so the company has a lot more room to grow and possibly increase dividends in the future
NASDAQ:TTEKLong
by HaseebKhan_90
INFO consolidating above broken resistance!* Excellent earnings year over year * Strong up trend * Broke out of a month long consolidation * Consolidating right above broken level with higher than average volume * Minimum probable ROI of 6.03% if the trade goes in our favor * Given the established up trend it will most likely be more than that Trade Idea: * Now is the perfect time to get in and ride the next leg higher * However, if you are looking for a discount, the price may visit the $119 area once more before heading higher! Note: * This is a long term hold given its growth * And it pays out dividends with a Payout ratio of 45.40% which means the company has a lot of room for growth and possibly increasing dividends in the future!
ILong
by HaseebKhan_90
NFLX setting new support levels?* Relatively strong earnings quarter over quarter * Strong up trend * Broke out of a 14 month consolidation with higher than average volume * Creating a new base above broken level of $593.29 * Minimum probable ROI of 28.03% if the trade goes in our favor Trade Idea: * Now would be a great time to get in on NFLX as it's creating a new base right above the broken level. * $593.29 is expected to hold as support * A break below that would make $575.37 a nice entry if you're looking for a discount. * Worst case scenario we could see a low of $558.30 which would be the last level of support before further downside.
NASDAQ:NFLXLong
by HaseebKhan_90
ABT finally broke out!I last spoke about ABT when it was peaking at a breakout. Now, with slightly higher than average volume, it finally broke out. Now is the time to get in Here's a recap of what I last mentioned * Strong up trend * Consolidating since beginning of 2021 * Strong earnings * Lower than average volume All signs point to it breaking out soon. Due to the lack in volume ABT may visit the $126 area before breaking out. Trade idea: * Wait for a break before entering Target after breakout would be $151.65 Looking at its growth, ABT is a great long term hold that pays out dividends!
NYSE:ABTLong
by HaseebKhan_90
TSCO broke out with volume!!* Strong earnings quarter over quarter * Strong up trend * Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth * Broke of a 4 month consolidation out with higher than average volume (19.09%) * Making a new all-time-high * Probable ROI of 17.19% if the trade plays out in our favor Trade idea: * $200.75 is expected to hold as support due to high volume breakout * This may come back to retest $200.75 area so if you're looking for a discount that may be a great entry point * Or you can buy in now and ride the trend if you can stomach a slight move down A probable ROI of 17.19% would place the target at 240.03 area Note: * This is also a great long term hold as it pays out dividends
NASDAQ:TSCOLong
by HaseebKhan_90
BNL broke out of consolidationBNL had a pull back mid June and has since recovered to make new all time highs. Since breaking out it has been consolidating right above resistance hence making it a new support level. * New company * Steady up trend * Pays generous dividends * Broke above pull back with relatively higher volume (7.28%) * Creating new support level from the broken resistance * Price is at a great point! Trade Idea: * Entry at previous close $27.63 * Stop at $26.20 (~5%) * Target at $33.17 (~20% ROI)
NYSE:BNLLong
by HaseebKhan_90