Get started

Resistancebroken

WY breaking out of an 8 month base!* Great earnings * Very strong up trend in the long term * High 3-month relative strength of 1.12 in the Real Estate sector * Pays out dividends * Breaking out of a ~8 month cup formation with a depth of ~25.94% * Attempted to break out a couple of weeks ago but due to current market conditions it had a slight pull back and now is breaking out once again. * Maximum probable ROI is ~25.94% Trade Idea: * You can enter now at today's close if you want to stay in the market. * Due to uncertain conditions it's better to enter with a small position if not in cash. * If you're looking for a better entry, you can look for an opportunity around the $40.54 area.
NYSE:WYLong
by HaseebKhan_90
2
KLAC ready to make new all time highs?* Exceptional earnings quarter over quarter * Incredibly strong up trend over the long term * High 3-month relative strength of 2.87 in the Tech sector * Pays out dividends * Breaking out of a base on base pattern * First base lasted ~8 months before breaking out * Second base formed immediately after the breakout and has been forming for the past ~9 weeks * Current week is also forming a bullish engulfing candle * It did try and break out of the second base earlier but due to current market conditions it had a slight pull back. * Now it's breaking out for the second time with higher than average volume. Trade Idea: * You can enter now at today's close as a starter position if you want to stay in the market and set a closer target.
NASDAQ:KLACLong
by HaseebKhan_90
Buy this tech stock with GTC stop lossesThe last time I saw a long possibility in this stock (linked), my stop losses triggered. Now I see a better long setup and I am buying shares again. Strong buy indicator - stochastic gave a bullish sign when the rising price was matched with %K (blue) moving from under 20 to over 80 in three candles. Price often reverses down after this and I look for a good buy entry. RSI made a sharp move over 70 when price rose over the resistance line, which indicates underlying strength. When this happened in June, it was a failed breakout and there was no support from stochastic. If this trade idea works, RSI should move/hold over 50 and buying volume will increase. The green lines indicate bullish divergence between price and RSI. Price is holding just at/over yellow dashed resistance line.
NLong
by OptionsRising
CB looking to reach new highs?* Exceptional earnings * Very strong up trend * High 3-month relative strength of 2.43 in the Finance sector * Pays out quarterly dividends * Breaking out of a ~5 month base Trade Idea: * You can enter now as the price is just breaking out of the base. * Today's price action printed a bullish pin bar which indicates that there's tonnes of demand around the $196.43 area. * Offering a great risk to reward ratio * Given the current market conditions you may want to wait or trade a smaller size Caution: * A daily close below the $193.12 area would put this idea in danger.
NYSE:CBLong
by HaseebKhan_90
CDW breaking out of a 5 month base with volume!* Perfect earnings * Very strong up trend since inception * High 3-month relative strength of 1.65 in the Tech sector * Pays out quarterly dividends and just last quarter it increased its dividends! * Broke out of a ~5 month base with volume * Broke out late December and has been consolidating since then right above the breakout point * Even with the uncertain market conditions it's managing to stay above the broken base. Trade Idea: * You can enter at today's closing price if you don't mind a little volatility. * If you're looking for the perfect entry, you may wait for the price to turn a bit lower and enter near the $203.30 area * Due to current market conditions it's better to wait and see what may happen. * If you're a bit more conservative you may wait for a break above this current range and look for an entry near $207.72 Caution: * A daily close below $198.14 would negate the idea.
NASDAQ:CDWLong
by HaseebKhan_90
ITW finally ready to move higher?Note: I've mentioned this stock a couple of times before but both times it pulled back to an expected level due to the market conditions at the time. * Excellent earnings * Very strong up trend * High 3-month relative strength of 2.61 in the Industrial sector * Breaking out of a ~9 month base with higher than average volume * Tried to break out a couple of times before but failed due to market conditions at the time * Now breaking out again with higher than average volume * The recent price action did make a double bottom and the price has confirmed a break of the double bottom as well. Trade Idea: * Now's a great time to enter as the price is just breaking out and is close to the broken level * If you're looking for a better entry you can look for a buying opportunity near the $242.52 area
NYSE:ITWLong
by HaseebKhan_90
MMC looking to make new highs!Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher. * Excellent earnings * Very strong up trend * Very high 3-mont relative strength of 6.87 in the Financial sector * Breaking out of a ~2 month base with higher than average volume * We can see that it tried to break above earlier but came back down due to the market volatility * It's also showing healthy signs for a continuation on the weekly chart Trade Idea: * If a little volatility doesn't bother you, now's a great time to enter as the price is still close to the broken level. * Moving forward, $171.13 should serve as support so if you're looking for a slight discount you can look for an entry around that area.
NYSE:MMCLong
by HaseebKhan_90
1