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Cupandhandlebreakout

PAG broke out of a cup and handle pattern!* Strong earnings quarter over quarter * Strong up trend * Broke out of a 4 month consolidation * During the consolidation it formed a cup and handle * The handle consolidated for 6 weeks before price broke out with higher than average volume * Pays out dividends with a Payout ratio of 14.50% which means the company has a tonne of room to grow and possibly increase dividends in the future. Trade Idea: * The price gaped up with more volume than average. * This may consolidate above the $93.45 area so look for an entry around there
NYSE:PAG
by HaseebKhan_90
MEDP Cup and Handle BreakoutMedpace Holdings is breaking out of a textbook cup and handle pattern. As you can see in the chart, there were two possible entries on this trade. The first was an early "cheat" entry at 185.00 after the tightening pattern in the middle of the cup. The second and more technically correct entry point is here at 196.00 as MEDP breaches the high of the handle. The recent surge on high volume is a good sign. It appears that institutions are piling in and the stock is following through nicely into new highs. Fundamentals are showing tremendous growth as well: - Earnings Growth Last 4 Qtrs: +54%, +59%, +50%, +66% - Sales Growth Last 4 Qtrs: +7%, +13%, +13%, +36% Accelerating sales and earnings growth like this has been found in most of the top performing stocks of the last several decades. I would work a stop beneath the recent swing low at 174.00 to risk 11% on the trade.
NASDAQ:MEDPLong
by rossgivens
$OCEAN Cup & Handle formation 1D OCEAN 1D CHART Very nice looking Cup & Handle fractal forming on OCEAN. TARGET PRICE $1.97 although if you are going to set a limit sell then I would set it a little under this, maybe $1.90 in case we don't hit perfectly! As we are seemingly in the beginning of a nice little alt season, this could well play out nicely 🦾 Breakout expected around the 11th September... SAFE PLAY Entry within the box labelled ENTRY ($1.15 - $1.25) - wait until we have breached the neckline and retested before buying in. AGGRESSIVE PLAY Buy at any point around this range we are in now ($0.78 - $0.90) and set yourself a stop loss below support which is also marked in the chart ($0.67 - $0.76). PLEASE NOTE Always pay attention to the BTC chart when you buy in and make sure we are not at risk of dumping so that you can protect your capital. It is also worth noting that this same cup and handle and rounded bottom pattern can be found on quite a few alts because of the May crash, so keep your eyes peeled for more potential beauties like this 💫 Trade safe guys, PumpeyeTheTraderMan & Crypto Society ❤️
OLong
by BiloCrypto
3
$GXY possibly confirming a Cup & Handle pattern on the weekly.Looking in depth at $GXY we can see this week's candle is potentially confirming a bullish move upwards as it shows signs of a successful Cup & Handle pattern. Tomorrow will tell. Other indicators to consider are the cross of the MACD. If the cross occurs on Friday then I'm 99% sure this will be a great long. However if not, it's up in the air whether next week will be red or green. Either way, I'm still bullish for the year. Brad's Confidence Meter: ★★★★☆ Buy order: $3.80 Stop loss: $3.41 (-10.26%) Take profit : $5.60 (+47.37%) Risk to Reward Ratio: 4.62 Not financial advice. Be safe and good luck!
GLong
by dekudekudeku
1