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CUP

PLD - breaking higher?Breakup looks imminent after a 3 month consolidation. A strong bullish bar that broke up slightly on 6 April followed by 2 inside bars (potentially bullish) retesting the neckline. If trade goes our way (ie trend higher) leading to earnings, I would likely take most of the profits off before earnings. Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
NYSE:PLDLong
by Juliac
REEFUSDT is creating a cup and handleThe price is testing important support on the daily timeframe on 0.008$. On the 4h timeframe the price got liquidity from 0.786-0.886 Fibonacci level and retest again the daily resistance on 0.0096. Now the price is going to create a cup and handle patter, the price is testing the 0.618 Fibonacci level after the election from the daily resistance and dynamic 4h resistance. How to approach? The price needs to have a breakout from the resistance and retest the previous daily resistance as new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
RLong
by InkyGrip
6
VLXUSDT is testing the 4h resistance after the cup and handleThe price created a double bottom on the weekly structure on the 0.20$. As you can see from the upper chart, the price had a breakout from the dynamic daily resistance and now the market it's testing the 0.382 Fibonacci resistance after the green candles series. on the 4h timeframe the price created a cup and handle pattern and the market had the breakout from its neckline. How to approach? The price could have a breakout from the 4h resistance (0.2530$) or gets the liquidity from the previous resistance now new support. So, if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
VLong
by InkyGrip
8
KHC - good price actionKHC broke out of a 7 month cup formation on good volume, then went back to retest the breakup "neckline" which has proven to be a support so far. The odds are good that it will continue higher to an intial target of around $43.50 where it could face some resistence. Initial stop loss will be just a few ticks below the neckine support @ 38.12 p/s "cup" or "cup and handle" that formed after a prior uptrend has good odds of succeeding when it broke up on good volume. A retest of the neckline is also common and consolidated it as a new support level. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NASDAQ:KHCLong
by Juliac
RS - Bull FlagBroke up into ATH (All-time-high) on 28 Feb on strong volume. Have been forming a bull flag since. Buy the next break up of this bull flag as the momentum remains strong. p/s I may also attempt to buy if it retest the resistence turned support level around 179-179 with a tight stop loss slightly below the support. Theoretical "cup" target is around $221. Let's see if it is able to reach there. Protect with trailing stops or scale out along the way. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:RSLong
by Juliac
IPI - breakup imminent?After consolidating for the past 4 months, it is look closer to the breakup soon, hopefully with solid volme to carry it towards 68-70 eventually. Whether it can reach there remains to be seen. Scale out along the way and manage the rest of the position with trailing stops Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:IPILong
by Juliac
2
LVS - poised to break up soon?LVS has been forming a base pattern for the last 6 months and with RSI at 60 now, the odds of breaking above the neckline at 45.50 is looking good. Looking to long if it breaks above 45.50. A strong volume breakup will be a good sign that the trend could be sustainable with intial target of around 56.50. Initial stop loss @ 42.50. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:LVSLong
by Juliac
1
$VIAC 🐂When this cup is finally finished playing out. The target for Viacom should be between $45-$47. Not sure where the handle comes in yet and I don't want to make any assumptions so we will wait on that. This is looking healthy despite the current market conditions in my opinion because with life being so hectic and the limit to outdoor activities... television may be some of our only fun for the next few months... again! Viacom also inked a multimillion dollar deal with Comcast to extended some of their channel services to the company including BET+. NASDAQ:VIAC
NASDAQ:PARALong
by Riskitpaid