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Pocketpivot

Toll Brothers Inc. ($TOL) AnalysisSector: Consumer Cyclical - Residential Construction | Country: USA Company Overview: Toll Brothers Inc., a key player in the consumer cyclical sector, specifically residential construction, holds a significant position in shaping the real estate landscape in the United States. Known for its innovative approach and commitment to quality, Toll Brothers Inc. plays a crucial role in the dynamic and ever-evolving construction industry. Performance Metrics: NYSE:TOL demonstrates robust signals and compelling performance metrics within the wide-net screening, indicating its potential for growth and resilience in the residential construction sector. Relative Strength: NYSE:TOL exhibits a remarkable relative strength, boasting a score of 7.8 against its sector and 4.53 against the S&P500. This suggests a notable outperformance, underlining its competitive edge and market strength. U/D Ratios: With U/D ratios standing at 1.0 (50 days) and a strong 1.69 (15 days), NYSE:TOL showcases positive market sentiment, emphasizing recent bullish activity and supporting a favorable outlook. Detected Base Depth: A substantial detected base depth of 22.4% positions NYSE:TOL strategically, indicating a solid foundational level and potential for significant upward movement. Price Dynamics: The last closing price's slight deviation of 4.53% from base resistance suggests a favorable positioning, indicating potential for a breakout. Robust volume, standing at 71.73% above the 15-day average, indicates heightened investor interest and active participation, contributing to positive market sentiment. Recent candlestick patterns reveal a 0.24% range in the last candle body and a solid 69.0% closing range, indicating recent price stability and a strong closing stance. Short-term Trends: Over the last 10 days, NYSE:TOL has experienced rising prices, accompanied by increasing volume and accumulation. This alignment suggests a bullish sentiment among investors, supported by short-term positive trends. EMA Analysis: Historical EMA patterns indicate that NYSE:TOL typically encounters local tops when the price closes around 55.89% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.04% away from the 50 EMA, providing insights into potential correction levels. Trade Idea: With an entry point set at $87.31, the trade idea presents an opportunity aligned with current market dynamics. A disciplined stop loss at $83.82 mitigates risk at 4%, adhering to prudent risk management principles. The trade targets an attractive 11.66 Risk-Reward (RR) ratio, with a target price of $128.03, anticipating a total profit of 46.65%. Conclusion: Toll Brothers Inc. ( NYSE:TOL ) emerges as a strong contender in the residential construction sector, supported by impressive relative strength, positive short-term trends, and insightful EMA dynamics. The proposed trade idea aligns with a base breakout strategy, presenting an attractive risk-reward profile for investors seeking opportunities in the dynamic realm of residential construction.
NYSE:TOLLong
by HaseebKhan_90
$LSTR is showing signs of moving higher from its cup and handle!Notes: * Strong up trend on all time frames * Good earnings track record QoQ with a few misses * Basing for the past ~14 months * Creating a cup and handle pattern on the weekly chart * The handle pulled back to its 50 day line and used it as support * It's now breaking out of the handle with higher than average volume on the weekly chart * Offering an early entry along with a pocket pivot indicating institutional demand Technicals: * Sector: Industrials - Integrated Freight & Logistics * Relative Strength vs. Sector: 1.75 * Relative Strength vs. SP500: 2.32 * U/D Ratio(50): 1.07 * U/D Ratio(15): 1.27 * Base Depth: 34.1% * Distance from breakout buy point: -5.51% * Volume 105.58% above its 15 day avg. Trade Idea: * You can enter now as it's just breaking out of its handle with higher than average volume * If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
NASDAQ:LSTRLong
by HaseebKhan_90
Is $EXTR ready for the next move higher?Notes: * Strong up trend * Great earnings QoQ * Basing for the past ~8 weeks * Pulled back to its 50 day line and found support around the 18.17 area * Now coming up on the right side of its base with higher than average volume * Offering an early entry * Printed a Pocket Pivot, indicating institutional demand Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 5.94 Relative Strength vs. SP500: 5.88 U/D Ratio: 0.97 Base Depth: 15.74% Distance from breakout buy point: -5.99% Volume 88.56% above its 15 day avg. Trade Idea: * Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot. * Based on its prior performance, $EXTR can go another ~17.6% from here. * If you're looking for a better entry you may be able to catch one around 19.3
NASDAQ:EXTRLong
by HaseebKhan_90
Can $ESAB go higher from here?Notes: * Moving up on the right side of its IPO base * Good earnings * Breaking out of an ascending triangle with higher than average volume * Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term * Has a solid relative strength in the sector and against the SP500 * Showing an early entry relative to its 50 day line * Printed a pocket pivot, indicating institutional demand Technicals: Sector: Industrials - Metal Fabrication Relative Strength vs. Sector: 2.87 Relative Strength vs. SP500: 14.88 U/D Volume Ratio: 2.26 15 Day U/D Volume Ratio: 5.27 Base Depth: 77.73% Distance from breakout buy point: -16.17% Volume 21.39% above its 15 day avg. Trade Idea: * Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle * If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.
NYSE:ESABLong
by HaseebKhan_90
IS $ABBV ready to come up on the right side of its base?Notes: * Strong up trend on all time frames * Great earnings track record * Basing for the past ~8 months * Now looking to come up on the right side of its base * Printed a pocket pivot in the last session, indicating institutional buying * Offering an early entry relative to its 50 day line Technicals: Sector: Healthcare - Drug Manufacturers - General Relative Strength vs. Sector: 6.46 Relative Strength vs. SP500: 2.33 U/D Ratio: 1.4 Base Depth: 28.76% Distance from breakout buy point: -12.22% Volume 18.24% above its 15 day avg. Trade Idea: * You can enter now as the price is coming off of its 50 day line * If you're looking for a better entry you can look for one around the ~147 area as that should hold as support moving forward * If you're looking for a safer entry you can wait for a break and close above the ~152.5 area as that is the immediate resistance coming up * A daily close below the ~147 area would negate the bullish outlook.
NYSE:ABBVLong
by HaseebKhan_90
Is $BJ ready to push higher?Notes: * Strong up trend on the higher time frames * Great earnings track record * Basing for the past ~3 months * Forming a cup and handle with the base ~14% deep and a flat handle * Formed a bullish engulfing candle a couple of days ago * Now it's flashing an early entry along with a pocket pivot Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 4.8 Relative Strength vs. SP500: 2.23 U/D Ratio: 1.03 Base Depth: 13.97% Distance from breakout buy point: -1.6% Volume 15.02% above its 15 day avg. Trade idea: * You can enter now as the price is close to its 50 EMA * It's also breaking above the resistance area of ~77.5 with volume * If you're looking for a better entry you may be able to catch it around $76.1 as that should hold as support going forward.
NYSE:BJLong
by HaseebKhan_90
Is $CPRX ready to break out of its cup and handle?Notes: * Strong up trend * Okay earnings track record * Basing for the past ~8 weeks * Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern * Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 23.86 Relative Strength vs. SP500: 4.28 U/D Ratio: 1.21 Base Depth: 45.07% Distance from breakout buy point: -18.82% Volume 14.75% above its 15 day avg. Trade Idea: * You can enter now as the price is rising with higher than average volume off of its 50 EMA * Another reason for entering would be that it printed a pocket pivot * If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance
NASDAQ:CPRXLong
by HaseebKhan_90
Is $PRCT ready to move higher from here?Notes: * Steady up trend in a bear market * Nice earnings for the past to quarters * Recent IPO * Looking to break above its IPO base * Printed a pocket pivot, indicating institutional buying * Offering an early entry relative to its 50 day line * Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions * IPO base resistance comes in around 47.7 Technicals: Sector: Healthcare - Medical Devices Relative Strength vs. Sector: 15.62 Relative Strength vs. SP500: 4.68 U/D Ratio: 1.1 Base Depth: 182.59% Distance from breakout buy point: -4.82% Volume 54.55% above its 15 day avg. Trade Idea: * You can enter now as the volume and price are indicating of it moving higher from here. * If you want to be a bit more safe, you can wait till after earnings
NASDAQ:PRCTLong
by HaseebKhan_90
GBPUSD have bottomed?Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline. Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163 level. Actionable plan : wait for the price to test the key moving averages (keep it simple) and identify a rejection at those level and then Long. *Rejection could be anything. but preferably confluenced with pocket pivot (blue bar or green bar at volume indicator)
Long
by sufiansaid
Is $PI ready to break out of its ~10 month cup and handle?Notes: * Strong up trend on higher time frames * Excellent earnings track record * Basing for the past ~10 months * Forming a cup and handle pattern while basing * Printed a pocket pivot signal, indicating institutional buying * Volume on the daily and weekly time frame seems to be increasing as well * Strong resistance around the $90 area Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 6.75 Relative Strength vs. SP500: 17.9 U/D Ratio: 1.09 Base Depth: 137.32% Distance from breakout buy point: -10.12% Volume 79.85% above its 15 day avg. Trade Idea: * You can enter now based on the pocket pivot signal * Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
NASDAQ:PILong
by HaseebKhan_90
1
Pocket Pivots : USDJPYOne of the many continuation plays we can implement in a rally is pocket pivots. Pocket pivots is the current up day’s volume must be larger than any of the down volume days in the prior 10 days. Ideally pocket pivots occur 'before' the traditional buy signal to occur such as breakouts. In the chart examples, the first one is pocket pivot occur confluenced a bullish reversal pattern I personally call railroad due to its similar-ish size of the candlestick's body. Thats an ENTRY; signal The second example is pocket pivot occur inside a flat base. ENTRY; is at the open of the next day's candle, before the actual breakout of the base.
Education
by sufiansaid
Buying before the breakout : Pocket PivotABC is a company with good accelarated Earnings and good margins. The company is identified as tradeable via fundamental analysis/funadmental screening. Now whats left is when to get it. I wait for the price to break the 100-200 ema ribbon and make some kind of base/price structure around the area and see if there is a pocket pivot around/inside the base. Preferably before a breakout of the base (if a breakout candle coincide with a pocket pivot, thats okay too)
ALong
by sufiansaid
$STLD is pushing higher on the right side of its ~5 month base!Notes: * Very strong up trend on all time frames * Great earnings track record * Basing for the past ~5 months * Was rejected around the ~85.3 area and pulled back to its 20 day EMA * Now it's broken above that resistance level with high volume * Printed a pocket pivot indicating institutional demand * Seems to have also formed an inverse head and shoulders pattern * Showing lots of strength and accumulation Technicals: Sector: Basic Materials - Steel Relative Strength vs. Sector: 3.15 Relative Strength vs. SP500: 1.44 U/D Ratio: 1.75 Base Depth: 55.04% Distance from breakout buy point: -13.12% Volume 148.59% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking above resistance with volume * If you're looking for a better entry you may find one on the retest of ~85.3 * This stock usually has local tops when the price closes around 21.32% above its 50 EMA * Consider selling into strength if the price closes 21.12% to 21.52% (or higher) above its 50 EMA * The last closing price is 12.53% away from its 50 EMA
NASDAQ:STLDLong
by HaseebKhan_90
2
$EQNR is breaking out of its base with a Pocket Pivot!Notes: * Very strong up trend on all time frames * Good earnings in the recent quarters * Created a double bottom base for ~5 months and is now breaking out with higher than average volume * Not much else to say... it's a great looking chart ;) Technicals: Sector: Energy - Oil & Gas Integrated Relative Strength vs. Sector: 6.09 Relative Strength vs. SP500: 1.64 U/D Ratio: 1.17 Base Depth: 22.23% Distance from breakout buy point: 0.44% Volume 31.67% above its 15 day avg. Trade Idea: * You can get in now (at $38.44) as the price is just breaking out * If you want a better entry you can look for one around the 37.7 area if it comes back down * Right now it does seem to be gaping up so I wouldn't chase the price... Lets see how it behaves after the gap up and offers another entry * This stock usually has local tops when the price closes around 15.28% above its 50 EMA * Consider selling into strength if the price closes 15.08% to 15.48% (or higher) above its 50 EMA * The last closing price is 7.64% away from its 50 EMA
NYSE:EQNRLong
by HaseebKhan_90
Is $DE ready to move higher from here?Notes: * Very strong up trend * Great earnings track record * Was basing for about a year before volatility kicked it around to both the up and down side of the base * It's currently back within that base (between 394.4 and 323.5) * Last weeks close had strong volume coming in (above average) * Recently came back above the $357.1 mark on the weekly, which seems to be a battle ground for bull and bears (with higher than average volume) * Was consolidating tightly all of last week with increasing volume and broke out of that consolidation on Friday with abnormally high volume * Currently offering an early entry and a pocket pivot Technicals: Sector: Industrials - Farm & Heavy Construction Machinery Relative Strength vs. Sector: 1.02 Relative Strength vs. SP500: 1.18 U/D Ratio: 1.2 Base Depth: 53.52% Distance from breakout buy point: -16.72% Volume 208.01% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out of consolidation with higher than average volume * If you want a better entry you may be able to get one around the 361.9 area if it comes back within the consolidation range * This stock usually has local tops when the price closes around 13.34% above its 50 EMA * Consider selling into strength if the price closes 13.14% to 13.54% (or higher) above its 50 EMA * The last closing price is 8.67% away from its 50 EMA
NYSE:DELong
by HaseebKhan_90
$ZGN an IPO coming up on the right side of its base!Notes: * Coming up on the right side of its IPO base * Has been using its 50 day line as a dynamic level of support * Recently broke above an important resistance level around 11.22 with higher than average volume * Has been increasing steadily in price and volume * Printed a pocket pivot with squatting price action (not ideal) Technicals: Sector: Consumer Cyclical - Apparel Manufacturing Relative Strength vs. Sector: 1.04 Relative Strength vs. SP500: 2.37 U/D Ratio: 3.51 Base Depth: 39.96% Distance from breakout buy point: -9.73% Volume 117.75% above its 15 day avg. Trade Idea: * I particularly don't like the squatting price action at the moment so I personally wouldn't enter now. * If the price holds above 11.22 and stops squatting I may consider entering * If you want to enter now you can as the price is just above the broken resistance level of 11.22 * If you're looking for a better entry you may just want to wait and see how the price behaves around this level * I'll post about this again if it makes better progress.
NYSE:ZGNLong
by HaseebKhan_90
2