ASGN giving another entry before heading higher?* Excellent earnings
* Very strong up trend
* High relative strength in the Industrials sector
* Offering another entry point for those that missed the initial break out
* High volume entry point (64.63% higher than average)
Trade Idea:
* As always, this is a great time to enter as it's very close to the level and close to its EMA as well.
* If you wanna look for a slight discount you can wait for a buying opportunity near the 118.26 area as it should serve as support moving forward.
Resistancebroken
URI getting ready to move higher!* Excellent earnings
* Very strong up trend
* High relative strength in the Industrials sector
* Breaking out of a ~8 month consolidation with very high volume (172.64% higher than average)
* Max probable ROI on this trade is 26.08%
Note:
* Institutions don't buy breakouts, they create breakouts.
Trade Idea:
* Now is the perfect time to get in since the price is still very close to the broken level and it broke out on very high volume.
* Also, the last closing candle can be classified as a bullish pin bar showing tonnes of demand under the $364.30 area
ENTG looking to go higher after breakout?* Great earnings
* Very strong up trend
* High RS in the tech sector
* Breaking out of a ~5 month consolidation period with higher than average volume (44.18%)
* Max probable ROI is 31.28%
Trade Idea:
* Now would be a great time to enter as the price is still very close to the broken level and volume is very high
* If you're looking for a slight discount you might want to pay attention to the $130.47 area
TTEK breaking out of a cup and handle* Great earnings quarter over quarter
* Very strong up trend
* Breaking out of a cup and handle pattern forming since Feb 2021
* Breaking out with slightly higher volume than average
* High Relative Strength of 8.15 relative to the Industrial sector
Note:
Given the current market situation, it's better to take some profits early. First target is at 2:1 RR as indicated.
BRX set to move higher?* Good earnings
* Long term, it's been going sideways but a new up trend has started
* Recently broke a multi year resistance of $21.93 dating back to 2016
* Used multi year broken resistance as support for the past 5 months
* Breaking out of the 5 month consolidation with higher than average volume
* High relative strength in the Real Estate sector
Trade Idea:
* Now's the time to get in since it recently broke resistance and has been testing it as support for the past 4 days.
WM showing signs to go higher* Great earnings year over year
* Very strong up trend
* Breaking out of a 6 week consolidation with higher than average volume ... roughly 37% higher
* Broke resistance and retested it as support
* Offering a pocket pivot breakout indicating that institutions are stepping in
* Pays out dividends
Trade Idea:
* Now is the best time to get in as the price is still close to the breakout level and it's showing signs that institutions may be stepping in to buy
* If you're looking for a slight discount you can look for an entry near the 156.60 area
* A break below 156.60 would expose 154.26 as the next possible support.
Note:
* Given it's growth over the years and the fact that it pays out dividends, WM is also a great long term hold for your investment portfolio.
MMC breaking out of consolidation!* Great earnings
* Strong up trend
* High relative strength in the Financial sector
* Breaking out of a month long consolidation with higher than average volume
* Pays dividends
Note:
* Earnings are coming up this week. Given it's past performance we can expect it'll have a good report and the price to go higher.
Trade Idea:
* You can enter now as indicated since it's still very close to the broken resistance
* If you're looking for a discount you might find an entry near the 159.40 area
HZNP offering a pocket pivot setup!* Great earnings
* Very strong up trend
* Very high relative strength in the Healthcare industry
* Has been consolidating since breakout
* And now offering a pocket pivot setup.
A pocket pivot setup is when the last day's volume is higher than any of the previous 10 days down volume. This indicates that institutions are stepping in and the price is expected to go higher.
This is a high probability setup.
Trade Idea:
* You can get in as indicated
* Or you can wait for a retest of 111.33 (may be unlikely since it's a pocket pivot setup)
ABR breaking out of consolidation* Good earnings
* Strong up trend
* High relative strength in the Real Estate sector
* Breaking out of a 4 month consolidation with higher than average volume
* Pays dividends generously (high dividends expected from REITs)
Trade Idea:
* You can get in now if you can stomach a little volatility
* Or if you're looking for a discount you can look for buying opportunities near the $19.13 area as that should serve as support.
PAYX looking to go higher after finding new support.* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a ~2 month consolidation period with higher than average volume
* Very strong Relative Strength in the Industrial sector
* Recently broke resistance of 117.11 and retested it as support
Trade Idea:
* As always, if you don't mind a little volatility in the short term this is a great time to buy
* If you're looking for a discount, you can look for an entry near the $117.10 area
Note:
* The bullish pin bar from October 13th shows that there's a lot of demand for it around the 117.11 area.
The price moved higher after the 13th increasing in buying volume so this has a less probability of revisiting that area.
HD breaking out!* Exceptional earnings year-over-year
* Very strong up trend
* Breaking out of a 5 month consolidation with slightly more volume than average
* Pays out dividends with a Payout Ratio of 44.10% which means the company has more room for growth and potentially increase dividends as well.
Trade Idea:
* You can enter now as indicated if you don't mind a little volatility
* Given that it only broke out with slightly higher than average volume, this may visit the 339 area before heading higher.
HIG looking to go higher?* Great earnings
* Strong up trend since 2009
* Broke out of a long consolidation period with slightly higher volume than average
Trade Idea:
* If you don't mind a little volatility you can enter now as indicated
* Given the volume and price action, this may visit the 70.80 area before heading up further.
PRFT looking to go higher?* Excellent earnings year-over-year
* Very strong up trend
* Breaking out of a month long consolidation with higher than average volume
* Very high relative strength in the tech sector
PECO breaking out of IPO base!* General up trend
* Breaking out of a 2 month IPO base
* First broke the 30.40 level and turned it to support. Then broke the 31.13 level and has been testing it as support for the past 6 days.
* High relative strength; relative to the real estate market.
* Breaking out with higher than average volume
* Still close to the broken level.. Great time to buy
GBP/JPY LIKELY TO RISE !! #Long GJ has broke n the Trendline Resistance and the pair will now look for retest . Buy/Long is recommended. The buying zone, SL and Target is mentioned below;
Note: Do your own research before taking the trade.
Buy/Long zone: 151.720 - 152.160
Stop loss: 151.000
Target: 156.100
CLBK looking to go higher?* Great earnings quarter over quarter
* Relatively new
* Breaking out of IPO base
* General up trend
* Breaking out of a cup and handle forming since April 2021
* High Relative Strength of 1.46 relative to the Financial sector
* Braking out with 56.83% more volume than average
Note:
* This has the potential to go much higher than the indicated target but it's always better to take some profit early on given the market conditions.
CASH breaking out !!* Great earnings quarter over quarter
* Strong up trend
* Breaking out of a ~4month consolidation period with higher than average volume
* High relative strength in the financial sector
Trade idea:
* If you don't mind a little volatility then enter now and join the ride
* If you're looking for a discount you can wait for a pull back to the 53.07 area
Thoughts:
* I think this CASH may consolidate near the broken resistance before heading higher.