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Resistancebroken

$STER breaking out of its IPO base with cup and handle!* Great earnings so far * Breaking out of its IPO base with a cup and handle pattern * Sector: Technology - Software - Infrastructure * Relative Strength vs. Sector: 10.83 * Relative Strength vs. SP500: 406.08 * U/D Ratio: 1.68 * Base Depth: 48.82% * Distance from breakout buy point: 1.81% * Volume 39.73% above its 15 day average. Trade Idea: * Playing the break of the handle * You can enter now as the price is still close to the broken base * Or if you're looking for a better entry you can look for an opportunity around $27.24. * Manage risk according to your entry and tolerance
SLong
by HaseebKhan_90
1
$VIST ready to push higher?Notes/Thoughts: * Strong up trend in the recent years * Okay earnings with growth expectation * Closed just above resistance of $9.07 * During the consolidation from March 23, 2022 the volume was decreasing; now it's increasing and back above the average * A high Relative Strength along with the high UD Ratio shows this may be ready to move higher. Technicals: * Sector: Energy - Oil & Gas E&P * Relative Strength vs. Sector: 1.79 * Relative Strength vs. SP500: 11.04 * U/D Ratio: 1.68 * Base Depth: 21.26% * Distance from breakout buy point: 0.11% * Volume 6.71% above its 15 day average. Trade Idea: * You can enter now as the price is just above the broken resistance * The entry now is providing a good risk/reward ratio * Manage risk according to your tolerance
NYSE:VISTLong
by HaseebKhan_90
$EW breaking out of a ~8month base!Notes: * Good earnings record * Very strong up trend on the monthly * Breaking out of a ~8 month base for the second time * Has been ranging tightly for the past few weeks between $123.27 and $119.94 Technicals: * Sector: Healthcare - Medical Devices * Relative Strength vs. Sector: 1.2 * Relative Strength vs. SP500: 3.88 * U/D Ratio: 1.13 * Base Depth: 20.9% * Distance from breakout buy point: 1.01% * Volume 18.81% above its 15 day avg. Trade Idea: * You can enter now as the price is still very close to the breakout point * If you're looking for a slightly better entry you can wait for an opportunity around $123.27 or 119.94 * Manage risk accordingly
NYSE:EWLong
by HaseebKhan_90
$GGB breaking out of a ~11month base!Notes: * Great earnings in the recent quarters * Strong up trend in the recent years * Breaking out of a ~11 month cup shaped base with higher than average volume * During the recent pull back the volume was decreasing indicating bullishness. Technicals: * Sector: Basic Materials - Steel * Relative Strength vs. Sector: 7.19 * Relative Strength vs. SP500: 13.71 * U/D Ratio: 0.8 * Base Depth: 56.93% * Distance from breakout buy point: 0.31% * Volume 14.02% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out of the base * Manage risk accordingly
NYSE:GGBLong
by HaseebKhan_90
$PLD breaking out of a cup with handle!Notes: * Excellent earnings * Very strong up trend in the longer time frames * Breaking out of a ~5month cup with handle pattern with higher than average volume Technicals: * Sector: Real Estate - REIT - Industrial * Relative Strength vs. Sector: 2.29 * Relative Strength vs. SP500: 7.54 * U/D Ratio: 0.96 * Base Depth: 20.72% * Distance from breakout buy point: 0.3% * Volume 34.89% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out with higher than average volume and good earnings report. * If you're looking for a slightly better entry you can wait for an opportunity around the $168 area
NYSE:PLDLong
by HaseebKhan_90
$SBLK ready to push higher after printing a Pocket Pivot?Notes/Thoughts: * Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot! * With increased hedge fund activity it makes sense to get in now * Has the relative strength and the UD Volume indicating that it's ready to move higher Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 11.25 * Relative Strength vs. SP500: 10.98 * U/D Ratio: 1.24 * Base Depth: 21.77% * Distance from breakout buy point: 1.98% * Volume 106.73% above its 15 day avg. Trade Idea * The idea here is to play the pocket pivot. * The pocket pivot seems to be valid as it's emerging from the 10/20 EMAs * This seems like a good entry as it broke out from $29.87 with tonnes of volume and we can expect it to continue higher * Managing risk tightly as I don't want to lose more than 4% on this trade * If you're looking for a better entry you can look for an opportunity around the $29.87 area and manage risk accordingly
NASDAQ:SBLKLong
by HaseebKhan_90
$NVO giving another entry opportunity before moving higher?* Good earnings * Very strong up trend in the long term * Broke out of a ~4month base and now retested it as support * Sector: Healthcare - Drug Manufacturers - General * Relative Strength vs. Sector: 8.35 * Relative Strength vs. SP500: 2.56 * U/D Ratio: 2.21 * Base Depth: 26.05% * Distance from breakout buy point: 1.01% * Volume 145.18% above its 15 day average. Trade Idea: * Given the amount of volume that came in around $116.55, it seems like there's quite a bit of demand for this stock around this price. * You can look to enter now as the price is very close to the broken base * The U/D ratio indicates that the stock's under accumulation * If you're looking for a better entry you can look to enter around $115.16
NYSE:NVOLong
by HaseebKhan_90
$HSIC looking to make the next leg higher!Notes: * Solid earnings in the recent quarters * Strong up trend in the long term * Broke out of a base on base pattern * Initially created a base of ~9 months, broke out and created a smaller base of ~4 week and is now breaking out again * The ~9 month base was just above historical highs of $73.19 setting it as support * Making new all-time-highs * For the past 3 weeks it has been testing $87.55 as a new level of support with the volume drying up indicating that buyers and sellers are agreeing on this price Technicals: * Sector: Healthcare - Medical Distribution * Relative Strength vs. Sector: 2.11 * Relative Strength vs. SP500: 5.05 * U/D Ratio: 1.79 * Base Depth: ~19.68% * Distance from breakout buy point: 2.25% * Volume 1.04% above its 15 day avg. Trade Idea: * You can look to enter now as the price is still pretty close to the broken level of $87.55 * Manage risk under $87.55 * If you're looking for a better entry you can look to buy around $88.72.
NASDAQ:HSICLong
by HaseebKhan_90
DOTUSDT is testing the monthly resistanceThe price is testing the monthly resistance, as you can see on the upper chart, the price got rejections for that area in the past. 23.5$ is a key level for DOT. on 4h Timeframe, the price is creating an ascending channel. How to approach? The price could have a pullback on the 4h support on 22.30$ before a new breakout from the 23.4$ (monthly resistance.). So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
11
CAKEUSDT is testing the resistanceThe price had a breakout from the daily dynamic resistance and now is trying to have a breakout from the static resistance. On the 4h timeframe the price is below a supply zone on 7$. How to approach? The price needs to create a new bullish impulse and breakout from 7$ and retest that area as new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
5
ETHUSDT is testing the previous resistance as new supportAccording to my previous analysis, the price got a rejection exactly on the daily resistance as I told you. The resistance on 3400$ is so strong and the price needs new liquidity to create a clear breakout from it. At the moment the market is overextended, and we could see a retracement before the new bullish impulse. On the 4h timeframe, the price is following my previous drawing and the market is testing the previous 4h resistance as new support. The price needs to hold it. So, IF the price is going to grab new liquidity and gain momentum, we could see a new bullish impulse above the 3460 (new higher high) and if the price is going to retest the previous resistance as new support, we could see a new bullish impulse, where the next resistance could be on 3700. Otherwise, if the price is going to lose the 3140$ we could see a retest of 3k as new support. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
11
$SBLK ready to move higher?* Good earnings in the recent quarters * Strong up trend in the recent years * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 66.27 * Relative Strength vs. SP500: 15.88 * U/D Ratio: 1.21 * Distance from breakout buy point: 0.44% * Volume 48.37% above its 15 day avg. * Broke out of an ascending triangle and move ~32% higher from there before consolidating * Yesterdays candle shows tonnes of demand along the 10/20EMAs * Has been using it's 10EMA as a dynamic level of support * Broke resistance of $29.87 with higher than average volume Trade Idea: * You can enter now as the price just broke out once again with higher than average volume * Setting a 10% target seems achievable as it's just above a historical level ($32.32) * Manage risk accordingly as shipping stocks have been hard to trade recently.
NASDAQ:SBLKLong
by HaseebKhan_90
$SD recovering from pullback and forming a cup and handle!* Great earnings in the recent quarters * Strong up trend in recent history * Breaking out of a 6 month base * Sector: Energy - Oil & Gas E&P * Relative Strength vs. Sector: 1.07 * Relative Strength vs. SP500: 11.5 * U/D Ratio: 1.33 * Base Depth: 51.12% * Distance from breakout buy point: 1.49% * Volume 28.83% above its 15 day average Trade Idea: * You can enter now as the price is still close to the broken resistance. * The target of 2.5 to 1 is close enough to reach * If you're looking for a better entry you can look for one around the $14.22 area and manage risk accordingly.
NYSE:SDLong
by HaseebKhan_90
$GOGL ready for the next leg higher?* Great earnings in the recent quarters * Strong up trend in the recent years * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 37.17 * Relative Strength vs. SP500: 9.02 * Very strong stock in the sector as well as against the SP500 * U/D Ratio: 1.48 * Base Depth: 10.26% * Distance from breakout buy point: 0.33% * Volume 15.45% above its 15 day average * Created a base for about 8 months before breaking out from $9.86 * Moved up ~26% before creating another base for the past ~5weeks and is now breaking out again Trade Idea: * Now's a great time to enter as the price is just breaking out. * The high U/D Ratio of 1.48 shows that the stock is being accumulated
NASDAQ:GOGLLong
by HaseebKhan_90
2
ETHUSDT is testing the resistanceThe price is testing the 2800$ resistance on the 0.618 Fibonacci level after a nice breakout from the 2770$ daily resistance. the market is testing the previous resistance as new support. How to approach? the price needs to grab liquidity for a new breakout from the 4h resistance on 2800$. If the price is going to have a breakout, we can apply our rules for a new long position. The New valid resistance is the supply zone on 3k. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
18
$DSKE to move higher as it recovers from pullback?* Okay earnings * Strong up trend since 2019 * Sector: Industrials - Trucking * Relative Strength vs. Sector: 13.48 * Relative Strength vs. SP500: 12.37 * U/D Ratio: 1.21 * Base Depth: 39.33% * Distance from breakout buy point: 0.34% * Volume 24.81% above its 15 day average * Created a base on base pattern * Was trading in a tight range earlier before the breakout * Then pulled back into the range and is now breaking out * The red horizontal lines indicate previous all-time-highs from 2017/18 Trade Idea: * You can enter now as the price is just breaking out of the range for the second time and it also seems like a pullback recovery. * If you're looking for a better entry you can look for a buy opportunity inside the range if it comes back in. Note: * First target should be achievable given that it's inside the recent range.
DLong
by HaseebKhan_90
3
$CHKP breaking its 15 month base! Pullback recovering.* Excellent earnings * Very strong up trend on the longer time frame * Breaking out of a 15 month base * Sector: Technology - Software - Application * Relative Strength vs. Sector: 3.81 * Relative Strength vs. SP500: 10.48 * U/D Ratio: 1.95 * Base Depth: 25.82% * Distance from breakout buy point: 1.75% * Volume 13.76% above its 15 day avg. Trade Idea: * You can enter now as the price is very close to its breakout point. * Or if you want to look for a better buy opportunity you can look to enter around the $137.47 area as that should serve as support moving forward.
NASDAQ:CHKPLong
by HaseebKhan_90
$IMXI broke out with a tonne of volume! Will it hold?* Great earnings * Possible start of a stage 2 up trend * Sector: Technology - Information Technology Services * Relative Strength vs. Sector: 2.82 * Relative Strength vs. SP500: 4.8 * U/D Ratio: 1.53 * Base Depth: 27.85% * Distance from breakout buy point: 7.07% * Volume 153.75% above its 15 day avg. Thoughts: * This, at the moment, seems short term extended and may offer a pull back entry. * Looking at the weekly/monthly charts it does seem like the start of a stage 2 up trend. * If it does offer a pullback entry, the best case scenario would be a buy opportunity around the $18.96 area. * Given how it broke out, it may consolidate around the highs for a while and offer an entry somewhere around there. This is one to keep an eye on for sure. Trade Idea: * Not actionable at the moment.
NASDAQ:IMXILong
by HaseebKhan_90
$ANTM attempting to break out for a second time! Will it hold?* Great earnings * Very strong up trend in the long term * Sector: Healthcare - Healthcare Plans * Relative strength vs. Sector: 2.19 * Relative strength vs. SP500: 1.03 * U/D Ratio: 1.17 * Base Depth: 9.7% * Distance from breakout buy point: 0.45% * The setup is giving a great risk/reward ratio allowing us to manage risk tightly * Hasn't been effected by the current world affairs at all * Weekly price action also looks very healthy Trade Idea: * You can enter now as the price is just above the breakout and volume is higher than average. * Alternatively you can look for an entry around the $468.7 area or if you think this will pull back a bit more; you can look for an entry around the $460.25 area. Manage risk accordingly.
ALong
by HaseebKhan_90