🗑️ Stericycle: SRCL - ready to takeoff from supportHi mates, have another nicelooking trading idea on NASDAQ:SRCL Now its perfectly sitting in demand zone at 65 - 67.60 The nearest target is in 72 - 74.60 Industial sector is one of strongest in recent days.Longby TomasgeiPublished 221
Stericycle ending 10+ year market cycle - First stop $106From a long term market cycle completion to the external forces of mass vaccination causing demand on the medical waste industry, Stericycle seems primed for a bull run through 2021.Longby MasonEntricanPublished 111
$SRCL ideal buy point for 3 year breakoutTop (daily): SRCL since the March low, the stock has been consolidating in a wedge and has currently found support in an area that is the trifecta of the uptrend from March/$68 support level/lower wedge line. Specifically: -the uptrend remains in tact from March low -the $66-68 level has was twice tested as resistance and is now acting as support -tightening wedge with declining volume into the apex Bottom (weekly): context of $68-$66 level, it was a major breakout level in 2010 where the stock had formed a similar base for 3 years before breaking out to the upside. The weekly chart really gives you the idea of how big this consolidation/backtest of $68 is, the stock has been stuck below the level for 3 years. Conclusion: the current situation for SRCL is most like the 2010 breakout, the daily chart is at the ideal buy point Longby ETrades1Published 222
Medical waste will increase once a vaccine hits the marketsSRCL another ticker I believe will have a some decent moves despite it being back to precovid levels. The reason being is that once there is a vaccine. Just think of all the medical supplies that nurses and doctors need to use to administer the vaccine. Once a syringe and needle that is used in the injection will be put into the medical waste , which simply does not go to the standard dump. Vaccines are given through IM injections. Here is a video incase you don't understand what I mean. www.youtube.com This is a medical disposal company and on the weekly it looks like its forming a triple bottom. hammering at resistance . On the Daily we can see where i circled some important event. I believe it was already on the verge of breaking out but this covid scare lead to the first drop . The second circle is maybe due to the market taking a retrace and it being a major supply zone where bag holders wanted to get out. Now the third circle is very interesting as we are starting to find some support and this to me is a very bullish signal before this breakout of resistance. I don't have a specific play yet but this may be a great semi long term hold if the breakout is played correctly. Likely it will breakout of major resistance and then you can catch the next higher low or retest of resistance. Longby gNnairdAPublished 1
SRCL vs SRCL/DJUSPC vs SRCL/SPX vs DJUSPC/SPXSRCL vs SRCL/DJUSPC vs SRCL/SPX vs DJUSPC/SPXLongby naailh7Published 0
nice and quick swing on SRCLThis seems like a nice and quick swing on SRCL. There is a historical support at 70ish. Longby Briansbeard45Updated 2
$SRCL - Great setup once the trendline and resistance is broken.Trying to break the monthly downtrend , C&H formation , double bottom. RSI oversold. MACD turning bullish. Very good setup. WatchingLongby ResoluteMindPublished 6
Long Stericycle - SRCL - Downtrend looks done Stericycle has been on a nice downtrend which looks finished here broke out of the wedge and bounced nicely off support with increasingly higher volumes, we have a flag in formation on breakout point, i will look to buy a break of the flag or if possible i will get in on a dip if flag comes down more Longby wolfstreetswingerUpdated 8
Strong gap-up formation with higher-than-average volumesPrice surged strongly above US$81.71 with volumes. Target: US$90.41, US$96.77 Support: US$80.80Longby LouiLowPublished 2