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Cupandhandlebreakout

$SD recovering from pullback and forming a cup and handle!* Great earnings in the recent quarters * Strong up trend in recent history * Breaking out of a 6 month base * Sector: Energy - Oil & Gas E&P * Relative Strength vs. Sector: 1.07 * Relative Strength vs. SP500: 11.5 * U/D Ratio: 1.33 * Base Depth: 51.12% * Distance from breakout buy point: 1.49% * Volume 28.83% above its 15 day average Trade Idea: * You can enter now as the price is still close to the broken resistance. * The target of 2.5 to 1 is close enough to reach * If you're looking for a better entry you can look for one around the $14.22 area and manage risk accordingly.
NYSE:SDLong
by HaseebKhan_90
$WY ready to head higher after breaking a 9 month base?* Good earnings * Strong up trend * High 3-month relative strength of 2 in the Real Estate sector * U/D ratio of 1.16, meaning it's under accumulation * Trading with higher than average volume * Breaking out of a 9 month saucer with handle pattern with a base depth of ~29.39% and a handle depth of ~11% Trade Idea: * Now's a great time to enter this stock as it's just breaking out of its 9 month basing pattern * The price is still very close to the broken level giving you a nice risk to reward ratio * If you're looking for a better entry you may look for one around the $41.16 area
NYSE:WYLong
by HaseebKhan_90
AFFLE INDIA CUP AND HANDLE TRADE 🎯40% NSE:AFFLE broke out of a cup and handle pattern and gave a retest. Price made a green candle and is back to breakout levels. Bullish signs: Strong uptrend before this consolidation. Recent support from 30 week EMA Heavy volumes on buy side. Red candles are of low volumes. Hit all time high on breakout. One can enter entire position at break of yesterday's high. Targets: 1500/1600/1900 Place sl below 1120 1:3 HRHRHP trade Position size accordingly. HAPPY TRADING!
NSE:AFFLELong
by PriceActionSpotter
$MATX breaking out of a base on base pattern!* Great earnings * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector * U/D Volume Ratio of 0.85 (above 1 is preferred) * Upper base depth of 19.06% * Currently trading with volume 184.01% above its 15 day average * During the formation of the upper base it also created a cup and handle pattern * And is now breaking out with tonnes of volume. Warning: * Given the current market conditions, it's considered better to sit in cash and wait for the general conditions to stabilize. Trade Idea: * Now's a great time to enter since the price is really close to the broken level. * If you're looking for a better entry, you can look for an entry opportunity near the $91.49 area. * Consider keeping a tight stop since the general market conditions are unfavorable and also consider booking profits early for the same reason.
NYSE:MATXLong
by HaseebKhan_90
$SNDR to head higher after breaking from cup and handle?* Great earnings quarter over quarter * Breaking out of IPO base (also shaped like cup and handle on the monthly chart) * Very high 3-month relative strength of 8.43 in the Industrial sector * Breaking out of an 18 month base with higher than average volume that recently created a cup and handle * The red horizontal line indicates previous all time highs which was retested as support just recently Trade Idea: * Now's a great time to enter as the price is very close to the broken level. * Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
NYSE:SNDRLong
by HaseebKhan_90
SHARDACROPCHEMThis stock has formed cup and handle pattern with accumulation since 3 years, Now it's a verge to break the resistance trendline which is top of the cup and handle chart pattern, breaking above 375 can be a good impulse beginning towards north. One can go Long on only closing above 375. Key Levels are Mentioned on chart Cup and handle pattern Macd in monthly bullish and Uptick Macd in weekly positive crossover and Uptick and also above zero line Macd in daily positive Rsi in Weekly Uptick and also Breakout Rsi in daily Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
NSE:SHARDACROPLong
by RK_Chaarts
WY breaking out of an 8 month base!* Great earnings * Very strong up trend in the long term * High 3-month relative strength of 1.12 in the Real Estate sector * Pays out dividends * Breaking out of a ~8 month cup formation with a depth of ~25.94% * Attempted to break out a couple of weeks ago but due to current market conditions it had a slight pull back and now is breaking out once again. * Maximum probable ROI is ~25.94% Trade Idea: * You can enter now at today's close if you want to stay in the market. * Due to uncertain conditions it's better to enter with a small position if not in cash. * If you're looking for a better entry, you can look for an opportunity around the $40.54 area.
NYSE:WYLong
by HaseebKhan_90
2
CTVA breaking out of an 8 month cup and handle?* Exceptional earnings * Very strong up trend * High 3-month relative strength of 1.24 in the Basic Materials sector * Pays out dividends and two quarters back it increased its dividends * Breaking out of a cup and handle pattern * Also offering a pocket pivot entry * Base of the cup is ~8 months long and ~17.6% deep * The stock is relatively new and this is it's 2nd stage base Trade Idea: * You can enter now as it's just breaking out of the handle and is offering a great risk/reward ratio
NYSE:CTVALong
by HaseebKhan_90