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Rangebreakout

$TRN approaching breakout point after building a 13 month base!* Solid earnings * Strong up trend * Pays dividends * Sector: Industrials - Railroads * Relative Strength vs. Sector: 1.83 * Relative Strength vs. SP500: 1.19 * U/D Ratio: 1.37 * Base Depth: 31.63% * Distance from breakout buy point: -3.17% * Volume 41.24% above its 15 day average Trade Idea: * Wait for a breakout from $32.5 * If it consolidates between $32.5 and $31.4 look for spikes of volume as it'll show accumulation by the institutions. * Can look to build into the position if it start ranges but manage risk accordingly in case that the breakout does not occur.
NYSE:TRNLong
by HaseebKhan_90
$RHI to head higher after breaking out of a tight 3week range?* Great earnings * Very strong up trend * High 3-month relative strength of 1.41 in the Healthcare sector * High U/D volume ratio of 1.51 * Breaking out of a very tight 3 week consolidation of ~3.85% with higher than average volume * If you have access to Volume Profiles you can see that the $113.04 area has tonnes of volume. * We can expect the $113.04 area to serve as support moving forward. Trade Idea: * Looking at the weekly, this seems like a great time to enter as it's recovering from the pull back. * If you are looking for a better entry you can wait for an opportunity around the $113 area as that should serve as support moving forward.
NYSE:RHILong
by HaseebKhan_90
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