OTTR - Cup with Handle BreakoutOTTR just completed a 7-month cup with handle pattern, triggering a buy at the $70 mark.
The fundamentals are incredible for this company. Sales are growing at 40% per quarter and earnings are up by triple digits.
It meets all 9 of William O'Neil's CANSLIM scan criteria, and even has bullish 2023 estimates from analysts.
There is a risk, however. First and foremost, the company is scheduled to report earnings today (8/1/22) after the close. Traders will have to decide whether to try their luck pre-earnings or wait until after the numbers come out.
Cupandhandlepattern
$CI is breaking out of a ~14 month cup with handle pattern!Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Breaking out of a ~14 month cup with handle pattern
* It did break out before but then pulled back (seems like a shakeout)
* Now it's been in a tight range just above the broken resistance creating new support
* The last session printed a pocket pivot indicating institutional buying
Technicals:
Sector: Healthcare - Healthcare Plans
Relative Strength vs. Sector: 5.55
Relative Strength vs. SP500: 28.95
U/D Ratio: 1.77
Base Depth: 43.95%
Distance from breakout buy point: 1.09%
Volume -5.44% below its 15 day avg.
Trade Idea:
* You can enter now as the price is just above the broken resistance with the last session being a pocket pivot
* If you want a better entry you can look for one around the 270.1 area
* This stock usually has local tops when the price closes around 9.18% above its 50 EMA
* Consider selling into strength if the price closes 8.98% to 9.38% (or higher) above its 50 EMA
* The last closing price is 3.9% away from its 50 EMA
GBP/USD Bullish Idea with Continuation patternGBP USD price is approaching the second tip of the cup and handle from where the handle is expected to form as there is a strong resistance as well as the upper line of the ascending channel also suggest that the price will be pushed back to form a handle.
The first TP is based on the completion of the Cup and Handle Tip while the second TP is as per the distance of the cup bottom from the tip as well as it is the R3 resistance which has previously been respected by price.
EUR USD Bullish Idea based on three patternsEUR/USD
Bull Run seems coming as the following three patterns are all inclined towards a bull run:
1- Cup and Handle.
2- Bullish Flag.
3- ABCD.
The take Profit has been set on the lowest of the projections of all of the three patterns to remain at a safer size while the Stop Loss has been set according to the Dow's Higher low.
NTVRK/USDT - Cup and Handle potential 70 to 80% move BTC starting to show a bullish sentiment, which means that while BTC starts reversing to the upside (29 to 30k), low cap coins such as NTVRK/USDT are showing signs of a big potential rally move (up to 70 to 80%).
Target area : 0.86 cents to $1.03
Please be mindful as low cap coins are very risky but could yield big rewards :)
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IPO base breakout / Cup and handleMissed the base breakout. buying as the price retraces back and turns back up on upside, the way Mark Minervini buys pullback setups
Chart detailed out
Bought at 345 with 10% position size
Stop at day's low or previous day low
Publishing for my own reference. Not an investment/trading advice.
Bitcoin showing a Daily Cup & Handle BTC in a cup and handle pattern. BTC can either break up or break down depending on the strength of this downtrend the economy is feeling, but it’s still on track to continue this pattern for now. Bitcoin did finish the last Elliot wave pattern and is starting a new so that coincides well with this cup and handle pattern.
Cup and handleCup and handle base breakout with huge volumes, In a Stage 2
Stock is extended from key moving averages which is a concern, but similar patter is observed in the base, where the stock still surged upwards
shakeout in base as well
good EPS and sales growth in the last three quarters
Position sized 10%, bought at 294
Stop below days low
Not an investment/trading advise. Publishing for my own reference.
YES or NO!?!?! (MATICUSDT)Hello Dear friends
Areas have been preserved in downward correction trends.
Two price ranges of $0.6024 and $0.5645 are very important for us. There can be two entry stages. Don't forget; The condition for forming the scenario is to maintain the price range of $0.4849!!!!
The momentum of the upward movement is very strong and the possibility of forming the drawn scenario is not out of mind.
We would be happy to hear your comments
BATRA Cup & Handle The information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and recommenders. It should not be interpreted as a buy-sell recommendation or a promise of return on any investment instrument. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
WATCH $INCY CUP AND HANDLEBullish
Fundamental
- High inflationary Macro environment / still no fear form retail sentiment
- Decent Accumulation/Distribution
- Decent PE
- Decent PEG
- Decent P/FCF
- Top Sector / Industry
- Fundamental sound company with a Cup and handle play / short term
Technical
- Momentum Theory Indicator - momentum broke out downtrend
- Price action formation ( down channel )
- Broke Trend line and rejected
- Above 200MA
- Above POC
- ST ok
- Bullish Candlestick pattern follow through
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"You miss 100 of all the shots you don't take"
Cheers and happy trading!
BTC/USDT : Possible scenarios in every timeframesBINANCE:BTCUSDT BINANCE:BTCUSDTPERP FTX:BTCUSD BITFINEX:BTCUSD BYBIT:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITMEX:XBTUSD
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
Are you'll ready for a $BTC's analysis tour?
Follow me in 3 Charts...
In 15Minutes Time-Frame, $BTC has formed a bullish cup&handle and the neckline has been located on $19500 - $19600.
- So if we get the closings above $19600, Then the breakout will be confirmed and bias could change into bullish, In terms of that; The market can climb to $19925.
- Otherwise, If we get the rejection below the marked blue zone, Then It's very possible for us to locate our Short towards $18800, Once it gets the hold below $19300.
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In the bigger picture, We have another two possible scenarios, In continuation of our last scenarios!
- As you can see, $BTC has broken below the last week's low and it's total bearish in the first view, But there'll be always a possible deviation on every break.
So, If we get the closings above $20000, Then we can confirm the deviation and our second Long towards $22000 will be triggered...
- Also, The bearish phase is still on, So if we get the closings below $18700, Then we can lay on our Shorts again and hold them till $16800.
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In our biggest picture today, We can see that the last two analyzes have a continuation relation together and this chart has the last relation with all of the two before!
- Currently, $BTC is moving in a bearish pennant, and in terms of a break below, It'll fall again as much as the pole has marked.
So, If we get the closings below $18600 or better to say $17600, Then we can confirm our possible dive to $15400.
- But also, There can be a pullback scenario as $BTC's still moving into the pennant.
So, If we get the closings above $23400, Then we can locate our Longs till $28550.
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
$BOX seems to be recovering from its pullback?Notes:
* Steady up trend
* Great earnings track record
* Forming a cup and handle like pattern on the monthly time frame for the past ~4years
* Held up relatively really well while the tech sector was being destroyed
* Currently bouncing off its 200 day line and now its 50 day line
* Also forming an inverse H&S pattern and broke out of it
* Bouncing off its 50 day line with higher than average volume and printed a pocket pivot
* Historical resistance comes in around $29.79
Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs. Sector: 1.74
Relative Strength vs. SP500: 1.72
U/D Ratio: 1.0
Base Depth: 45.87%
Distance from breakout buy point: -17.22%
Volume 3.69% above its 15 day avg.
Trade Idea:
* You can enter now as the price just bounced off of its 50 day line with higher than average volume and also printed a pocket pivot.
* If you're looking for a better entry you can look for one around the $26.59 area
* This stock usually has local tops when the price closes around 15.27% above its 50 EMA
* Consider selling into strength if the price closes 15.07% to 15.47% (or higher) above its 50 EMA
* The last closing price is 2.86% away from its 50 EMA
$EUR - UPDATED CHART (WHERE TO NEXT?)$EUR - UPDATED CHART (WHERE TO NEXT?)
HAPPY FRIDAY!
Soo...what a great week right one of my best weeks in ages great volatility for this summer as its understandable, now we do have NFP but I have ONE last remaining support for EURO to complete this inverse Cup & Handle Pattern.
We could reach 0.99550 areas. Today is another new low but we do also have NFP. Any lower of those areas I expect yr 2000 - 2002 price areas to come into play - PARITY! Next week I will be looking at this pair very careful and I will be sharing in the various platforms I am part of. Also, be wise - Don't be picking bottoms..
Be careful trading out there, keep an eye on the key levels and take care!
TJ