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Consolidationbreakout

MAA showing strength in the Real Estate sector.* Good earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a base on base pattern * The upper base was constructed over 6 weeks * Breaking out with a lot of volume (130.2% above the 15 day average) * The Real Estate sector has been consolidating in a very tight range for the past several weeks and is showing signs of breaking out. Trade Idea: * Now's a good time to enter as the price broke out for the second time in 3 days. * It broke out with tonnes of volume so I expect $207.69 to serve as support moving forward * Alternatively, if you're not getting in now, you can look for buying opportunities near the support of $207.69. Caution: * Needless to say, the market is very volatile at the moment and if this makes a daily close below the 20 EMA you might want to consider taking an early exit.
NYSE:MAALong
by HaseebKhan_90
VLY ready to make new highs?* Good earnings * Steady up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~9 month consolidation with higher than average volume * Has been testing broken resistance as support for the past 5 days * Maximum probable ROI is 22.38% 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. * $14.44 should continue to serve as support moving forward. * Lock in some profits at first target and let the rest run to the final target. Caution: * Since we have a tight stop, a daily close below $14.44 would negate the idea. * Alternatively, you can wait to see if two or three consecutive days close below $14.44 before exiting the trade
NASDAQ:VLYLong
by HaseebKhan_90
2
JBHT ready to move higher?* Great earnings year-over-year * Very strong up trend * High 3-month relative strength in the Industrial sector * Was in a ~7 month consolidation * Recent earnings caused a break away gap and a tight range for 3 weeks * This created a base on base pattern * Breaking out of a very tight 3 week consolidation of 2.49% with higher than average volume Trade Idea: * Now's the perfect time to enter as the price is very close to the broken level. * However, looking at the weekly chart, this may consolidate for a couple of days before continuing to move higher.
NASDAQ:JBHTLong
by HaseebKhan_90
ANTM ready to move higher?* Exceptional earnings year-over-year * Very strong up trend * Incredible 3-month relative strength in the Healthcare sector * The day of the earnings report we saw an incredible rally * Before breaking out, was consolidating for about 6 months * Consolidated for 3 weeks in a tight range of 3.82% * Created a base on top of base pattern * Breaking out of the 3 week consolidation with higher than average volume Trade Idea: * Now's the perfect time to enter as the price is really close to the broken consolidation * If you're looking for a slight discount you can look for an entry near the $420.06 area in case it comes back into the consolidation zone.
ALong
by HaseebKhan_90
BNB-USDT(Consolidation Breakout)Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn and its conviction to reduce its current circulating supply to 100 Million has motivated market participants to price it a premium valuation. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed for pushing the BNB price higher. On Daily Time Frame, BNBUSDT gave a Breakout from the Wedge Formation and made its high of $680 (May 3, 2021). It was eaten away by the Bearish Engulfing Candle the following day. However, it was not supported by huge volumes which undermined the power of the bearish momentum. The consolidation after the breakout from the Wedge has also been done away with by a strong Bullish candle in the making. Key Levels to Watch Out For- The support to the lower side is present at $600 while BNB may give targets of $840 to the higher side.
Long
by TradeDog-Research
2
Long term consolidation at range lows with a break to the upsideCurrently we have experienced a long term consolidation of the range lows. This consolidation has had a breakout towards the upside. We are now retesting the new support line which also has aligned nicely to the 0.702 fib which is the bottom of my buy zone. I DO NOT expect us to hit this fib level however regardless if we do hit it, I expect a nice bounce from this level. I would start DCA into this position as I believe over the coming months we are going to see a very nice bounce towards the $18-$20 price range.
VLong
by queserasera_btc
1
EURCAD, multiple scenariosEURCAD currently is still at a descending channel. We can expect a bullish scenario if ever it breaks out it resistance. But be cautious not to be predictive but rather reactive. As it now approaches the resistance, it may do three things and reacct to the significant level Breakout - which is a bullish confirmation, but watch out for false breakouts. A breakout must be supported by a reasonable volume. Reversal - reverse and go back to previous levels (minor - yellow line, major - purple support area) and Consolidate - may consolidate above or beneath the half of the channel. And may give us more sentiment of the market Still have no Bias and must wait for further confirmation. You can support the idea by liking and following. You can also share your ideas by commenting. I am open for conversation, suggestions and corrections have a nice trading day :)
by Jimbololoy
Euro Triangle Breakout Before ECB...Load up Bears!!!Consolidation triangle has a breakout.... Looking for a simple retest of the 1.1040 area which is a nice retrace of the current move.... Also we finally broke below the moving averages so retesting in that same area of confluence.. Ill be looking to add in this confluence area in addition to my shorts from earlier in the weak (idea attached) Note: Macd is poised to cross Zero threshold so a momentum move is near Positioning for ECB which should be dovish Aiming for the lows 1.097 for TP1 and 1.088 TP2 Happy Huntin' Happy Trappin' BooBii
Short
by rickyboobii