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PAYX showing signs of continuing higher!* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Breaking out of a base on base pattern with higher than average volume (52.25% higher than the 15 day average) Trade Idea: * The price just broke out of a base on base pattern and is still close to the broken resistance. * Currently offering a great risk/reward ratio * You can enter as indicated * If you're looking to find a slight discount you can look for an entry around the $125 area as that should hold up as short term support. Caution: * A daily close below $123.55 would negate this idea.
NASDAQ:PAYXLong
by HaseebKhan_90
5
SSNC is one to keep an eye on!* Excellent earnings and accelerating * Very strong up trend since inception * High 3-month relative strength in the Tech sector * Breaking out of a ~5 month base creating a cup and handle pattern * Depth of the cup is ~15.5% * Breaking out with higher than 15 day average volume Trade Idea: * Given the current market conditions you can open a small position with a hard stop. * Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area * If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.
NASDAQ:SSNCLong
by HaseebKhan_90
ITW looking to reach new hights?* Amazing earnings year-over-year * Very strong up trend * High 3-month relative strength of 4.05 in the Industrial sector * Pays out dividends * Breaking out of a ~9 month base with slightly higher than average volume * I mentioned it was breaking out mid November but due to the market conditions it had a slight pull back to the $232.47 area * It has since regained the lost ground and is making new highs again Trade Idea: * If you can stomach a little volatility, now's a great time to enter as the price is just breaking above previous highs. * It's offering a great risk/reward ratio * If you're looking for a discount you can do a couple of things 1) You can look for an entry near the $243.47 area as it should serve as support moving forward 2) You can wait a bit more and look for a buying opportunity near the $239.46 area since it would be a stronger level of support and can expect a bounce from there. Note: * When looking for buying opportunities at the lower levels you want to wait for a bounce from the mentioned levels before entering.
NYSE:ITWLong
by HaseebKhan_90
NSA breaking out of a flat base!* Good earnings * Very Strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a flat base of roughly 6 weeks with higher than average volume * Pays out dividends quite generously since it's a REIT Trade Idea: * Now's a great time to enter as the price is just breaking out and is very close to the broken resistance. * The REITs sector is also doing pretty well at the moment * If you're looking for a discount you can look for a buying opportunity near the $62.50 to $63.30 area Caution: * A daily close below $62.50 would negate the idea
NYSE:NSALong
by HaseebKhan_90
DHI looking to make new all time highs?* Great earnings * Very strong up trend * High 3-month relative strength in the Consumer Cyclical sector * Breaking out of a ~9 month base with higher than average volume * Showed incredible strength over the past couple of months while the market was facing uncertain times. * Max probable ROI is 28.57% Trade Idea: * If you can tolerate some volatility, now's a great time to enter. * Looking at the weekly chart, it does seem a bit extended, so, if you're looking for a discount you can look for a buying opportunity near the $104.19 area.
NYSE:DHILong
by HaseebKhan_90
BRO breakig out and creating new all time highs.* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector of 6.25 * Breaking out of a 2 month base with higher than average volume * Held up very nicely during the recent market conditions Trade Idea: * Now's a great time to enter as the markets are showing signs of recovery * Still close to the broken level and adding to the volume * If you're looking for a discount you can look for buying opportunities near the $67.13 as that should serve as support moving forward Caution: * If the stock makes 3 consecutive lower lows on a daily basis you might want to consider exiting early.
NYSE:BROLong
by HaseebKhan_90
EXP looking to reach for new highs?* Good earnings * Very strong uptrend since the 2020 crash * High 3-month relative strength in the Basic Materials sector * Breaking out of a ~9 month base with higher than average volume * Created a double bottom during the ~9 month consolidation * Second half of the double bottom can be considered a cup and handle pattern as well * Currently consolidating right above the broken resistance; creating a new support * Maximum probable ROI is ~21.97% if the trade goes in our favor Trade Idea: * If you're looking for a trade during these market conditions you should be ready to face volatility and trades going against you. * That being said, if you are looking to enter, now's a great time to enter this stock as it's consolidating just above the broken resistance and is offering a great risk/return ratio * If you're looking for a discount you have a few options 1) You can look for an entry at the resistance turned support level of $159.90 2) If it breaks and closes below that, you can look for an entry around the $158 area as that should serve as short term support 3) If it breaks and closes below $158, you can look for an entry near the $155.50 area as that should serve as a stronger support level. Caution: * Again, the current market conditions are uncertain and if you are going in, trade with caution. * A daily close below $155.50 would negate the idea.
NYSE:EXPLong
by HaseebKhan_90
UMBF breaking out of an 11 month base!* Great earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~11 month base with higher than average volume * Originally broke out last month but due to the market conditions it had a very slight pull back * During the pull back it held up very well relative to the general market conditions. * Maximum probable ROI is ~24.16% if the trade goes in our favor Trade Idea: * This is another breakout attempt after the general market is showing signs of recovery. * Now's a great time to enter as the price is very close to the broken resistance and it's EMA's * Weekly chart is also showing signs of the price being ready to move higher.
NASDAQ:UMBFLong
by HaseebKhan_90
ZIM ready to go higher?* Relatively new company * 3 out of 4 earning reports were great * Strong up trend * High 3-month relative strength in the Industrial sector * Pays dividends very generously * Increase in institutional interest * Breaking out of a 15 week base forming a cup and handle pattern * Depth of the cup is ~24.8% * Breaking out with higher than the 15 day average volume * $57.54 should serve as support moving forward Trade Idea: * Now's a great time to enter as the markets seem to be recovering and the sector seems to be doing well also. * The price is very close to the broken level
NYSE:ZIMLong
by HaseebKhan_90
AJG finally looking to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a tight range of ~3.35% with slightly higher than average volume * I originally mentioned this as it was breaking out of the cup with handle pattern at $153.09 * It has since then move higher and then started to consolidate * Even as the financial sector took a hit in the past week AJG managed to consolidate and stay afloat * This shows that there are institutions still interested in this stock and are holding it up * Now as the markets are showing signs of recovery, AJG is breaking out of the consolidation Trade Idea: * Now's a great time to enter as the price is just above the broken resistance of the range
NYSE:AJGLong
by HaseebKhan_90
SGH using IPO base resistance as support!* Great accelerating earnings * Breaking out of its IPO base * High 3-month relative strength in the Tech sector * Using the broken resistance of the IPO base as support * Formed a cup and handle pattern * Holding up really well even in a correction * Has been consolidating right above broken resistance for the past 4 weeks. * Maximum probable ROI is ~41% * Depth of the base is at ~70% * Has been forming the base since 2018 so ~70% move up isn't unlikely Trade Idea: * Given the nature of the current market and if you don't mind a little volatility, now would be a great time to enter as it's constructing a new support around the $56.69 area. * If you're looking for a slight discount you can look for an entry around the $56.69 area given it's acting as support Caution: * A daily close below $56.69 would negate the idea. * Given the market conditions and your risk tolerance use your judgement as to where you should enter. * A daily close below $56.69 could have the price around $53.73
SLong
by HaseebKhan_90
TER ready to move higher after using the 2000 highs as support?* Exceptional earnings * Strong up trend * High 3-month relative strength in the Tech sector * Breaking out of a ~1 year base with higher than average volume * Recently used $104.88 as support which was the high from the 2000's * Broke base resistance ($147.46) and has been using it as support for the past 12 days * Maximum probable ROI would be ~41.84% Trade Idea: * Great time to enter as the price is bouncing off of the broken resistance and isn't too far away. * If you're looking for a slight discount you can look for an entry near the $147.46 area since that should serve as support moving forward.
NASDAQ:TERLong
by HaseebKhan_90
UDR ready to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a 18 week base with higher than average volume * Has been consolidating above the broken resistance for the past 12 days making it a new level of support. Trade Idea: * Now's a great time to enter as the Real Estate market is showing strength. * Price isn't too far away from the broken resistance turned support * If you're looking for a slight discount you can look for buying opportunities near the $55.93 area
NYSE:UDRLong
by HaseebKhan_90
CUBE ready to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a ~2 month base forming a cup and handle * Breaking out with higher than average volume Trade Idea: * Now's a great time to enter as the price is very close to the broken level * Looking at the weekly chart, it seems like this is ready to move now. Caution: * Consider exiting the trade if it makes a daily close below $54.56 and makes lower lows for 3 consecutive days
NYSE:CUBELong
by HaseebKhan_90
MAA showing strength in the Real Estate sector.* Good earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a base on base pattern * The upper base was constructed over 6 weeks * Breaking out with a lot of volume (130.2% above the 15 day average) * The Real Estate sector has been consolidating in a very tight range for the past several weeks and is showing signs of breaking out. Trade Idea: * Now's a good time to enter as the price broke out for the second time in 3 days. * It broke out with tonnes of volume so I expect $207.69 to serve as support moving forward * Alternatively, if you're not getting in now, you can look for buying opportunities near the support of $207.69. Caution: * Needless to say, the market is very volatile at the moment and if this makes a daily close below the 20 EMA you might want to consider taking an early exit.
NYSE:MAALong
by HaseebKhan_90
Where is PLD headed next?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Built a 3 month base between $125.45 and $138.67 * After breaking out started to consolidate in a tight range * Slowly kept moving higher even as the general Real Estate sector was ranging during the same period * Broke out of the tight consolidation with higher than average volume Trade Idea: * Now's a great time to enter as the price just broke out of the tight range * If you're looking for a slight discount you can look to buy near the $150.90 area as that should serve as support * Even if the general Real Estate sector continues to range it seems like PLD will continue to move higher; given how it performed over the past three weeks.
NYSE:PLDLong
by HaseebKhan_90
MCHP ready to move higher?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Broke out of an 11 month range on November 4th * Since the breakout it has been consolidating above the broken level making it a new support * Maximum probable ROI would be 25.60% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the price is really close to the broken level and the volume shows institutional interest after 2 weeks of tight consolidation. * If you're looking for a slight discount you can look to buy near the $82.40 area as that has been serving as support for the past ~13 days * Consider taking partial profits at $92.40 Caution: * A daily close below $82.41 could put this idea in trouble. * Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis
NASDAQ:MCHPLong
by HaseebKhan_90
CSX broke out of a tight range. Where is it headed next?* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 8 month base between $29.71 and $34.26 * After breaking out it started to consolidate in a tight range creating a base on base pattern * Breaking out of the range with higher than average volume Trade Idea: * Now's a great time to enter as the price is very close to the broken level Caution: * A daily close below $36.25 would put the price back inside the range and expose $35.14 as support * Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis. * Alternatively, a daily close below $35.14 would negate the idea
NASDAQ:CSXLong
by HaseebKhan_90
12
UNP ready to make the next move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 11 month base between $196 and $227.80 * After breaking out it started consolidating in a very tight range creating a base on base pattern * Consolidated for about a month and now breaking out with higher than average volume Trade Idea: * If you can handle a little volatility, now's a great time to enter as the price is still close to the broken range and is picking up on volume * If you're looking for a slight discount you can look for buying opportunities near the $243.91 area * Looking at the chart, it wouldn't surprise me if it does come back to retest the $243.91 area before heading higher. Caution: * A daily close below $238.83 would negate the idea
NYSE:UNPLong
by HaseebKhan_90
NKE ready to push higher!* Exceptional earnings * Very strong up trend * Very high 3-month relative strength in the Consumer Cyclical sector * Pays dividends * Breaking out of a 5 month base * Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks * Breaking out with higher than average volume Trade Idea: * Now's a great time to get in as the price is really close to the broken level * Offering a very nice risk/reward ratio * If you're looking for a discount you can look for an entry near the $174 area Caution: * A daily close below $174 would expose $170.62 as the support level * A daily close below $170.62 would negate the idea. Note: * Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.
NYSE:NKELong
by HaseebKhan_90
VLY ready to make new highs?* Good earnings * Steady up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~9 month consolidation with higher than average volume * Has been testing broken resistance as support for the past 5 days * Maximum probable ROI is 22.38% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the price is really close to the broken level. * $14.44 should continue to serve as support moving forward. * Lock in some profits at first target and let the rest run to the final target. Caution: * Since we have a tight stop, a daily close below $14.44 would negate the idea. * Alternatively, you can wait to see if two or three consecutive days close below $14.44 before exiting the trade
NASDAQ:VLYLong
by HaseebKhan_90
2
FRC ready to move higher!* Excellent earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a base on base pattern with higher than average volume * Was consolidating for ~3 months prior to building another base Trad Idea: * Now's a great time to enter as the price is close to the broken level and volume is picking up as well. * If you're looking for a slight discount you can look for buying opportunities near the $219.76 area Caution: * A daily close below $219.76 would put the price back inside the range and expose $211.91 as support. * Two or three consecutive days closing below $219.76 would negate the idea.
NYSE:FRCLong
by HaseebKhan_90
ITW ready to move higher?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Breaking out of a ~8 month base with higher than average volume * Recently broke above the pivot point of $232.47 and used it as support for 5 days before moving higher * Retested the broken resistance as support * Pays generous dividends Trade Idea: * Now's a great time to enter as the price broke out and retested it as support * If you're looking for a slight discount you can look to buy near the $239.46 Notes: * The general Industrial sector is in a fairly tight range right now so this may follow the same path. * If you're not getting in right now, you may want to wait a couple of days to see how this plays out. * If it starts to range, you want to look for a high volume break of the range before getting in. Caution: * A daily break below $239.46 would expose $232.47 as support * A daily close below $232.47 would negate this idea. * Also if the stock continues to may lower lows for 3 consecutive days below $239.46 you might want to consider exiting the position early.
NYSE:ITWLong
by HaseebKhan_90