Speculative longTaking a speculative long position on NASDAQ:BRKR based on momentum indicator and volume. Slightly risky play here as earnings is due soon.
BRKR trade ideas
Bruker Corporation - BRKR (Long)Bruker Corporation
Long
Enter: 69.87
Take Profit: 74.89 (7.18%)
Stop Loss: 67.10
R:R Ratio: 1.81
Chart is bouncing of a strong weekly support zone
$BRKR Box SetupBox setup for a breakout into all time highs.
Bruker Corp (BRKR)- DEVELOPS LIFE SCIENCE/MATERIALS RESEARCH SYSTEMS BASED ON X-RAY, MASS SPECTROMETRY/SPECTROSCOPY TECHNOLOGIES.
Market Volatility handled in a 3 week tight patternWhen markets get volatile we expect stocks to follow, but this one has been in a tight pattern showing that the big funds arent selling.
last week we bounced of the 50DMA, and are now above the 21DMA...
Fundamentals are very pretty with an overall Composite rating of 93 ( per marketsmith)
Looking to get long around 71.30, with stoploss of 8%
Bruker looking bullish.Again just another trade idea where for the fun of it I used the TradingView Stock Screener to look for stocks showing bullish signals from a wide variety of indicators. Might be a little extended so could pull back, but looks strong across most of the more popular indicators I have added.
From their website: Bruker is enabling scientists to make breakthrough discoveries and develop new applications that improve the quality of human life. Bruker’s high-performance scientific instruments and high-value analytical and diagnostic solutions enable scientists to explore life and materials at molecular, cellular and microscopic levels. In close cooperation with our customers, Bruker is enabling innovation, improved productivity and customer success in life science molecular research, in applied and pharma applications, in microscopy and nanoanalysis, and in industrial applications, as well as in cell biology, preclinical imaging, clinical phenomics and proteomics research and clinical microbiology.
BRKR - bullish breakoutStock broke down trend and broke above the resistance line. recent analyst upgrade of $70. looking for a run to $70.
MACD also curing up
RSI moving up
Cup and HandleLarge effective volume yesterday and a pocket pivot in the last 5 days plus a PP yesterday
Price forms a pocket pivot , when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days..
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. .
Down a bit as I write this..
weekly and monthly candles are dojis (Indecisive)
Good to have a plan and stick to it! (o:
Bruker Corporation manufactures and distributes scientific instruments, and analytical and diagnostic solutions in the United States, Europe, the Asia Pacific, and internationally. The company operates in three segments: Bruker Scientific Instruments ( BSI ) Life Science, BSI NANO , and Bruker Energy & Supercon Technologies. It offers life science tools based on magnetic resonance technology; life science mass spectrometry and ion mobility spectrometry solutions; analytical and process analysis instruments and solutions based on infrared and Raman molecular spectroscopy technologies; and radiological/nuclear detectors for chemical, biological, radiological, nuclear, and explosive detection The company also provides X-ray instruments, atomic force microscopy instrumentation, fluorescence optical microscopy instruments, analytical tools for electron microscopes and X-ray metrology, defect-detection equipment for semiconductor process control, and spark optical emission spectroscopy systems, as well as handheld, portable, and mobile X-ray fluorescence spectrometry instruments. In addition, it offers superconducting and non-superconducting materials and devices. The company serves pharmaceutical, biotechnology, and diagnostics companies; chemical, food and beverage, clinical, and polymer companies; nonprofit laboratories; contract research organizations, academic institutions, medical schools, nonprofit or for-profit forensics, environmental and clinical microbiology laboratories, and hospitals and government departments and agencies, as well as agriculture, and food and beverage safety companies; nanotechnology, semiconductor, and industrial companies; and raw material manufacturers and other businesses through direct sales forces, distributors, independent sales representatives, and other representatives. Bruker Corporation has collaboration with Inscopix. Bruker Corporation was incorporated in 1991 and is headquartered in Billerica, Massachusetts.
Comments
$BRKR kept a neutral outlook after a positive earning.$BRKR posted a positive earning with the PEAD projecting a neutral outlook for the stock as it is currently trading between the median line and the upper boundary of the PEAD cone.
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Potential longer Term 5th Wave Long on $BRKR Using our Elliott Wave Indicator Suite we have identified a longer term 5th wave long using the weekly time frame for the BRKR Stock. The Wave 4 Pull back has found great support in our Amber Pullback zones, giving an 80% probability that price will hit our automated 5th Wave target zone (highlighted in blue on the chart). Entry Stop Loss and Target Prices easy to view on the chart
The Wave 4 behaviour is also good where we measure our Elliott Wave Oscillator pullback within our 90/140% zone. We also see that the Wave 4 pulled back against our false breakout dots on our special stochastic. The False breakout dots denote a strong Bullish trend and so when a Wave 4 pulls back against these and cross in the opposing over sold zone, then there is a strong probability the stochastic will return to its overbought zone and strong Bullish Trend. This type of move on the weekly timeframe could take anywhere from 7 to 15 weeks, so this is a great investing opportunity.
Find out more about our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
BRKR Potential Long Breakout Trade using B.I.T.SWe are already long on BRKR on the weekly timeframe for a longer term investment using our Elliott Wave Indicator suite for TradingView. You can view that original Trade Idea >>>HERE<<<
The momentum has built with this trade and we are looking to add or indeed, for those not in BRKR yet, a trading opportunity using our B.I.T.S (Breakout Intelligent Breakout Signals) Indicator. Long at $50.12 with Stop at $48.34 and potential target at $54. This indicator looks for momentum with volume with contraction is price action to look for those high probability breakout trades on Stocks, futures, crypto and commodities.
This shows the power of long term investing and trading stocks with both of our Indicator Suites for the Trading View Platform
