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Stage2

HIAPTEK Stage 2 BrewingI have been monitoring HIAPTEK movement since Oct when it turn into stage 2. Unfortunately, I am washed out on 20 Oct by that deep wash. Price recovered back above MA50 afterwards and the setup is getting crispy again. Expect few more rounds of pullback to gain momentum for another rally. Let's see. Disclaimer: Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
MYX:HIAPTEKLong
by adamkhoosk
Breakout Buy in ROOTROOT is an app-based insurance company offering home, auto, and renters’ insurance in all 50 states. With a market capitalization of just $156MM, it is below the small-cap threshold making this a micro-cap stock. In other words, it's small. But it wasn’t always. The company was worth roughly $6 billion when it IPO’d in 2020 - roughly 400X larger than its current valuation. But the stock is showing serious signs of a turnaround. There was a huge volume breakout in June when shares shot from $6 to $14 in one day. A move that extreme needs to be digested since profit taking is almost guaranteed to weigh on the price over the short term. After a series of shallowing retracements which I have highlighted on the chart above, ROOT is setting up for a potential breakout higher. I want to see a break of the most recent highs near $12 to give the best odds of success. If the breakout is valid, it should take off and not look back. Traders could use a 10% stop to give it a little room to work but don’t give it too much rope. This is a volatile stock that can make big fast moves in both directions.
NASDAQ:ROOTLong
by rossgivens
3
Wayfair (W) New Stage 2 Breakout BuyWayfair is the kind of stock you can make a lot of money on by catching the early move. It has household name recognition, trends well, follows the traditional growth stock stages, and is both large enough to attract institutional investors while still being small enough to deliver triple-digit gains. In 2020, for example, shares surged 1,500% in just over five months. A quick look at a longer-term chart and you will see what I mean. The stage analysis above highlights the 4 stages of the stock cycle. This is based on the work of Richard Wyckoff and Stan Weinstein - both legends of the industry. A stock entering a new Stage 2 uptrend is at the ideal buy point. When timed correctly, these can lead to extraordinary gains with limited downside risk. The line in the sand for W is at $75 per share. This is the pivot point, the breakout trigger, key resistance... whatever you want to call it. In the weekly chart below you can see the significance of this level. It served as short-term support on the way down and then became resistance which has held the stock back for over a year. In my opinion, the move above this level last month was a failed breakout in a weak market. This is not a reason to pass on the second attempt. W has consolidated nicely on a series of shallowing retracements and its 10, 21, and 50-day moving averages merging to offer support at today's price. One other catalyst... Overstock.com (which Wayfair also owns) plans to re-brand to something even more recognizable - Bed, Bath & Beyond. It bought the name, domain, and loyalty program assets on the cheap when the company went into bankruptcy a few months ago. This re-brand could be the fresh start the company needs to jumpstart sales growth and trigger a new Stage 2 uptrend in the stock. A move above $75 would confirm the move, and that is where I will look to buy.
NYSE:WLong
by rossgivens
3
Stage 2 Breakout in NIONIO is basically a Chinese Tesla. They are an electric vehicle manufacturer with seven models in production and have so far delivered around 350,000 units. I don’t typically like Chinese stocks, but this one looks poised for a breakout higher. The chart above shows my stage analysis for NIO stock on a weekly chart covering the last four years. As you can see, NIO is setting up for a new potential Stage 2 rally. The first breakout into a new Stage 2 uptrend is, without question, the best place you can buy a stock. If you drill down to a daily chart, you will see that NIO finally broke through its 200-day SMA which has acted as resistance for the entire downtrend. If NIO can hold above its 200-day moving average and breakout higher, this could be a near perfect entry on this growth stock.
NYSE:NIOLong
by rossgivens
6
Stage 2 Breakout Buy in UUnity is a gaming company that fits perfectly into the AI theme we are seeing lead this market. I have marked up a weekly chart of the stock to show how it has progressed through the 4 stages of the stock cycle. After chopping around the $20-$40 range for the better part of a year, U is trying to break out into a new Stage 2 uptrend. Price action has tightened and the moving averages are now supporting the stock near its 52-week highs. Also note the heavy buying volume that has come into the stock over the last several weeks. This is something we often see before a stock begins a quick move higher and is indicative of institutions absorbing supply and building a line in the stock. The stock popped higher on Thursday morning before pulling back Friday with the rest of the market. Investors should consider buying here with a 10-15% stop loss.
NYSE:ULong
by rossgivens
1
$TGTX - Pullback and consolidationTop trading idea for next week(s)! NASDAQ:TGTX already proved itself with a strong performance YTD of 125% (and 580% in a year). The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart). Has the fundamentals. A few more days of tight consolidation or a quick retest of the 50 EMA would make it even a better setup and creates a launchpad. Entry would be around 28.27 Stop breach of the 50 on high volume or a tight stop low of the day (when it breaks the pivot). Enjoy next week! Other similar ideas: NYSE:SKX , NASDAQ:WING and NASDAQ:ARCT
NASDAQ:TGTXLong
by UnknownUnicorn7024067
Long Trade in MUMicron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64. The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher. This is the first breakout into a new Stage 2 uptrend which is exactly where I like to buy. Look to build a position in the mid $60s if possible. The trade sours if it closes below its 50-day moving average (red line on chart) which is currently around $62 and rising.
NASDAQ:MULong
by rossgivens
Long Trade in DDOGDatadog is trying to put end to what has been a vicious Stage 4 downtrend. The stock fell 68% in last year’s bear market but is now rising quickly off the lows. DDOG has reclaimed its 200-day moving average (white line on chart) for the first time in over a year after reporting better-than-expected earnings numbers last week. The stock has stalled just under $90 per share where it has seen resistance previously. I would like to see the stock consolidate for a few days in this area (yellow triangle) to digest any sellers and then break out to new highs. A move through $90 on above average volume would be buyable for me.
NASDAQ:DDOGLong
by rossgivens
Long Trade in DKNGThe leisure gaming group, as a whole, is setting up in a textbook breakout pattern. Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher. DraftKings is breaking out of a clean base in the beginning of a new Stage 2 uptrend. If you look at a daily chart, you'll see the stock is up 13% this week but running into longer term resistance. Ideally, DKNG would consolidate for a few days in the HKEX:21 - HKEX:22 range to absorb any supply from sellers looking to exit near 52-week highs. There are 2 places I would consider buying this stock… First would be a breakout to new highs above HKEX:22 on above average volume. This would signal to me that funds are still buying heavy, and I would want to be along for the ride. The other potential buy point would be a pullback into the moving averages and this week’s breakout area. At HKEX:19 - HKEX:20 a share, I would be a buyer in DKNG with a sell stop just beneath the 50-day moving average.
NASDAQ:DKNGLong
by rossgivens
Stage Analysis & Trailing StopsWhy Stage Analysis Stage Analysis is the very first thing you need to get right or everything else will be unnecessary, according to Mark Minervini. Based on his study 98% of all big winners, dating back from 1800s to current day have been in confirmed Stage 2 BEFORE they made their big move! This makes Stage Analysis a foundational knowledge for anyone who trades the market. History of Stage Analysis Stan Weinstein outlined the principles of Stage Analysis in his 1988 book, Stan Weinstein's Secrets for Profiting in Bull and Bear Markets. This classic text opened the door for many non-professionals to execute successful trading system based on his detailed description of the best prospects for long buys and short sale positions. However, his classic concepts have a far wider reach — it is a premise that gives the best time for a trader to enter and trade the market. It divides market action by 4 segment (Stages) which analyzes prices dynamics over a continuous cycle that includes bottoms, breakouts, top peaks breakdowns and downtrend occurrences.
NASDAQ:TSLAEducation
by TintinTrading