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Rangebreakout

LITE breaking out of a tight range with higher than average volu* Excellent earnings * Strong up trend in the long term * High 3-month relative strength of 2.61 in the Tech sector * High 50 day U/D ratio of 2.11 * Breaking out of a 3.31% range * During the consolidation the volume did dry up and as it started breaking out the volume picked up. Trade Idea: * You can enter now as the price is just breaking out of the tight range * If you're looking for a better entry you may wait for an entry opportunity near the $105.61 area
NASDAQ:LITELong
by HaseebKhan_90
1
CHESSUSDT is ranging between Daily StructuresCHESSUSDT is ranging between daily structures. IF the price is going g to have a breakout from the daily resistance, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
7
EURUSD selling opportunityEUR depreciating after a year and a half of staying within the same range, the fundamentals and technicals both point downward for the time being. Disclaimer: This is a risky and long-term holding position, you can stay in the red for months before getting in profit, however if you have discretionary skills and get in at the right time, you might be able to make quick profits in several days or approximately 2 weeks. Stay neutral until strong confirmation of downtrend movement.
Short
0
by alireza-ganji
2
HTA breaking out of a month long tight range* Okay earnings * General up trend * High 3-month relative strength of 4.02 in the Healthcare sector * Recently broke above the early 2020 highs of $31.48 with a break-away gap * Breaking out of a 20 day tight range with slightly higher than average volume * During this consolidation the volume was very steady with some spikes in buying. This shows institutional interest in this stock. Trade Idea: * If you can stomach a little volatility now's a great time to enter as the price just broke out of the range and is still close to the broken level. * If you're looking for a slight discount you can look to enter around the $33.61 area as that should serve as support Caution: * General market may continue to correct * A daily close below $33.61 would put the price back inside the range and expose $32.96 as the next level of support. * A daily close below the indicated range i.e. $32.96 would negate the idea.
HLong
by HaseebKhan_90
TSCO broke out with volume!!* Strong earnings quarter over quarter * Strong up trend * Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth * Broke of a 4 month consolidation out with higher than average volume (19.09%) * Making a new all-time-high * Probable ROI of 17.19% if the trade plays out in our favor Trade idea: * $200.75 is expected to hold as support due to high volume breakout * This may come back to retest $200.75 area so if you're looking for a discount that may be a great entry point * Or you can buy in now and ride the trend if you can stomach a slight move down A probable ROI of 17.19% would place the target at 240.03 area Note: * This is also a great long term hold as it pays out dividends
NASDAQ:TSCOLong
by HaseebKhan_90
HINDALCO - Range LowHindalco has been creating a New channel pattern expanding its range from 29 Jul 2021. This simple idea aims to use this channel current low as a opportunity to enter and obtain a short term target of Rs. 425 ( Maybe even bigger if breakout happens). Risk involved is the stock price may breakdown the channel bottom and then bounce back. If by any chance the stock breaks down , my stop loss could be Rs. 395 ( differs for everyone ). Now i have made my entry @ Rs. 409 P.S I am Risk moderate trader trying to capitalise short term opportunities I had published a similar pattern as idea for INFY which gave huge returns recently. This Idea is only for educational purpose.
NSE:HINDALCOLong
by harish1577i
Will ST challenge all time highs?After using the highs from 2015 and 2018 ($56.28) as support, ST is now approaching the resistance of $61.13. Also note that ST has been ranging from year-to-date between $56.28 and $61.13. Judging from the price action, it seems like ST may break and close above $61.13 in the coming week. A rejection from $61.13 could have ST test the support of $59.90 Look for buying opportunities: * Around the $59.90 area OR * After a daily close above $61.13
NYSE:STLong
by HaseebKhan_90
PYPL looking to break all-time-highs?PYPL made a new all-time-high in February of 2021 and now it's looking to make new all-time-highs. Fundamentally: * Sales growth quarter over quarter is more than 30% * Earnings-per-share expected to grow +5% over the next year Technically: * Beta score of over 1 * General up-trend * In rage from year-to-date * Found new support at $289.46 * Steady volume as it makes new support Trade Idea: * Look for buying opportunities near its new support of $289.46 * A break below that, $277.87 should hold as support since it's acting a pivot OR * Wait for a weekly close above $309.14 to confirm the break
NASDAQ:PYPLLong
by HaseebKhan_90
1
HCA pressuring to break all-time-highHCA is consolidating after a large move up. Buying pressure came in on 25th of June 2021 and set $204 as support. Since then buying volume has decreased but not by a lot. That's why HCA is positioning it self for a breakout. Looking at the longer time-frames, it's showing a clear up trend and it's also expected to grow its earnings-per-share over the coming year. Looking at the price-action HCA may come back to retest the $212.50 to $214.30 region before making a move higher. A break below $212.50 could send the price to retest the support of $200. Final Thoughts: * Good long term hold * Pays dividends * Buying pressure from June 25th, 2021 set $204 as a solid support pushing the price higher Two things you can do from here if you want to trade this * Look for buying opportunities around $212.50 and $214.30 * Wait for a clear break of $217.36 * A break and close below $212.50 may negate the immediate bullish outlook
NYSE:HCALong
by HaseebKhan_90