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Consolidation-breakout

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
ADAUSD Forming Cup And HandleI have to make this post fairly quick because I have a long day ahead of me. The gist of it is, ADA has formed a cup (albeit an ugly one but still valid) and has started to form a handle. I am guessing this will be the catalyst for the push past the 3.00 mark into new high territory. If the pattern completes, we have a target of 3.37. If the pattern breaks, it will further consolidate in one of the support zones I have mentioned in my last post. It is very clear that ADA will make a run to test the all time high soon. Only time will tell. Remember, if a push happens and it fails, expect a strong pullback to a support zone. Mark the support zones I have created in my earlier chart with alerts and also set an alert for the all time high. This way, even if you are busy, you will have time to react to the price change. 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. Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
10
USDCAD Sideways Trading PlanUSDCAD price is going sideways after it was rejected from the resistance level. ( check Daily timeframe ) But the price is now consolidating in the support area. We are looking for a breakout. Either up or down. 2 trading plans are in motion, waiting for confirmation. Manage your risk. Disclaimer: This content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. Accordingly, the writer will not be liable in respect of any damage, expense, or other loss you may suffer arising out of such information or any reliance you may place upon such information.
by Phoenix-Rise-Trade