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Resistancebroken

$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
$CRDO ready to move higher after a great ER?* New IPO with a strong up trend even in this market * Great earnings report * Sector: Technology - Communication Equipment * Relative Strength vs. Sector: 2.62 * Relative Strength vs. SP500: 4.18 * U/D Ratio: 1.07 * Base Depth: 28.05% * Distance from breakout buy point: 0.31% * Volume 66.03% above its 15 day average. * Bullish candle with high volume with a great ER Trade Idea: * Now's a great time to enter as the price is just above the breakout level.
NASDAQ:CRDOLong
by HaseebKhan_90
$FMC breaking out of a 16 month base!* Great earnings * Very strong up trend * Relative Strength vs. Sector: 5.07 * Relative Strength vs. SP500: 3.23 * U/D Ratio: 1.6, meaning it's under accumulation * Base Depth: 37.54% * Distance from breakout buy point: 1.47% * Volume 22.29% above its 15 day avg * Breaking out of a 16 month base Trade Idea: * You can enter now as the price is really close to the breakout level of $119.52 * Or if you're looking for a better entry you can look for a buy opportunity near the $119.52 area or wait for a pull back near the $116.57 area.
NYSE:FMCLong
by HaseebKhan_90
$INVA to head higher after pulling back to broken resistance?* Good earnings in the recent quarters * Good up trend in the recent 2 years * High 3-month RS of 34.4 in the Healthcare sector and a RS of 4.0 against the SP500 * UD Ratio of 1.57 meaning it's under accumulation * Has been holding the earnings gap really well during this time * Trading well above the 50 day avg volume Trade Idea: * You can enter now as this is its second attempt at breaking out. * If you're looking for a better entry you can look for buying opportunities near the $18.97 area as that should continue to hold as support. Caution: * The red lines at $19.84 and $20.54 are from historic highs. We may see resistance around those price levels.
NASDAQ:INVALong
by HaseebKhan_90
SOLUSDT is testing the resistanceThe price is creating a descending channel on the daily timeframe and after a retest of the demand zone, the price bounced to 100$. On the lower timeframe, we can see a breakout from the 4h and 1d channel and the price is testing an important resistance on 103$ on the 0.618 Fibonacci level. How to approach? We are monitoring the price we want to see a clear breakout from the 0.618 Fibonacci retracement and daily resistance. 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
6
CVCUSDT is testing the monthly resistanceThe price is testing an important resistance of 0.3$ after a bounce on the weekly support. The price is trying to have a breakout from the dynamic daily resistance and static monthly one. On the 4h timeframe we can see how the price had a breakout from the previous resistance on 0.28$ with a nice retest. How to approach? If the price is going to have a breakout from the monthly resistance and retest it as new support, we can add in our watchlist and wait for applying our rules for a new long position –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
7
BIG news! BTC broke 45k! Bull market cycle getting closer! Another HUGE move by BTC. I didnt think we would cross 45k this week. Maybe next week but it happened TODAY. There is some serious strength going on with the market now and all indicators are showing this is the start of a full reversal. As i always note this isnt 100%, we are marking off check box after check box and we have just a little bit more to confirm before we can ring the BULL MARKET ARRIVAL bell. Exciting times. Good luck everyone! I also go over SHIB a bit in this video and I go over showing how BITCOIN affects the crypto market as a whole.
Long
by ConqueringCrypto
4
$CHD ready to move higher after breaking out of ~17 month base?* Excellent earnings quarter over quarter * Very strong up trend on the monthly time frame * High relative strength of 2.75 in the Consumer Defensive sector * Pays out a quarterly dividend * Breaking out a ~17 month base * Both monthly and weekly candles show a large bullish hammer candle * The weekly chart used the base resistance of $97.53 as support and mad a very strong move higher on earnings today Trade Idea: * Now's a great time to enter as the price is just breaking back higher. * Held up very well during a massive correction. * If you're looking for a better entry you can look for opportunities near the $100.7 area as that should serve as a temporary support level.
NYSE:CHDLong
by HaseebKhan_90
$MATX breaking out of a base on base pattern!* Great earnings * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector * U/D Volume Ratio of 0.85 (above 1 is preferred) * Upper base depth of 19.06% * Currently trading with volume 184.01% above its 15 day average * During the formation of the upper base it also created a cup and handle pattern * And is now breaking out with tonnes of volume. Warning: * Given the current market conditions, it's considered better to sit in cash and wait for the general conditions to stabilize. Trade Idea: * Now's a great time to enter since the price is really close to the broken level. * If you're looking for a better entry, you can look for an entry opportunity near the $91.49 area. * Consider keeping a tight stop since the general market conditions are unfavorable and also consider booking profits early for the same reason.
NYSE:MATXLong
by HaseebKhan_90
$CHRW ready to move higher after breaking its ~17 month base?* Great earnings in the recent quarters * Strong up trend * High 3-month relative strength of 3.82 in the Industrial sector * Has a U/D Volume Ratio of 0.94 (ideal would have been > 1) * Pays out a generous dividend * Breaking out of its ~17 month base * Due to the recent volatility it had a slight pullback after its previous breakout * Has been holding up really well over the past week when the general market was selling off like crazy. This is showing relative strength and institutional demand. * Used the broken level as support and pushed higher from there Trade Idea: * It is not advised to trade breakouts in the current market conditions. * If you want to enter with a small position, now would be a great time to enter as the price is just breaking out once again. * If you're looking for a better entry you can look for a buying opportunity around the $105.7 area as that should continue serving as support moving forward.
NASDAQ:CHRWLong
by HaseebKhan_90
$BERY breaking out of its ~8 month base!* Excellent earnings quarter over quarter * Strong up trend in the long term * Incredibly high 3-month relative strength of 20.49 in the Consumer Cyclical sector * Breaking out of a ~8 month base with higher than average volume * Base depth is ~21.5% hence the max probable ROI for this trade would be ~21.5% if the trade goes in our favor * Recently broke above its all-time-highs indicated by the red line at $60.77 and retested it as support Trade idea: * The price is just breaking out of its base for the second time. * Earnings coming up and can be expected to give a positive surprise. NOTE: * Given the current market conditions, it is suggested that we sit in cash. * But, if you are willing to still jump in, now would be a great time as the price is just breaking out. * If you are looking for a better entry, you can look for an entry around the $70.90 area. * If you have access to volume profiles you can see that the $70.9 area did get quite a bit of volume. * So, if this does break back below $72.95 we can expect the $70.9 area to hold as support while the general market corrects.
NYSE:BERYLong
by HaseebKhan_90
1
TER will it continue to the up side?* Exceptional earnings * Very strong up trend in the long term * Very high 3-month relative strength of 6.35 in the Tech sector * Pays out dividends * I last discussed this early December 2021 when it broke out of an 11 month base. * Since then it did move higher and due to recent market conditions it had a slight pull back. * Used $163.03 as support before breaking below. * Now it's breaking out of the pull back zone and showing signs of going higher. Trade Idea: * Given the market uncertainty you can wait to see how it behaves next week. * You can enter at today's close * Or if you're looking for a slightly better entry you can look for an opportunity near the $163.03 area. * If you have access to Volume Profiles you can see that the $163 area did receive quite a bit of volume so I would expect it to serve as support moving forward.
NASDAQ:TERLong
by HaseebKhan_90
2