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FormFactor, Inc.

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FORM trade ideas

FORM – 30-Min Long Trade Setup !📈 🟢 🔹 Asset: FormFactor, Inc. (FORM – NASDAQ) 🔹 Timeframe: 30-Min Chart 🔹 Setup Type: Falling Wedge Breakout + Retest Confirmation 📊 Trade Plan – Long Position ✅ Entry Zone: $27.15 (Breakout + Retest Entry) ✅ Stop-Loss (SL): $26.11 (Below wedge + structural support) 🎯 Take Profit Targets: 📌 TP1: $28.97 – Previous resistance 📌 TP2: $31.10 – Major resistance zone 📐 Risk-Reward Calculation 🟥 Risk: $1.04/share 🟩 Reward to TP2: $3.95/share 📊 R/R Ratio: ~1 : 3.8 – Strong swing setup 🔍 Technical Highlights 📌 Clean breakout from falling wedge pattern ✔ 📌 Retest bounce confirms bullish strength ✔ 📌 Volume spike during breakout ✔ 📌 Trendline support holding since April 9 ✔ 📉 Risk Management Strategy 🔁 Move SL to breakeven at TP1 💰 Take partials at TP1 🚀 Ride rest to TP2 for max gains 🚨 Setup Invalidation If: ❌ Price breaks and closes below $26.11 ❌ Fails to hold above breakout retest zone 🔗 #FORM #BreakoutSetup #SwingTrade #ProfittoPath #NASDAQ #TechnicalAnalysis #SmartMoney #VolumeSpike #RiskReward #ChartPatterns
NASDAQ:FORMLong
by ProfittoPath
Cup & Handle Pattern confirmed?I originally bought this stock early in 2019 thinking it was breaking out of the same pattern I'm illustrating now so I could be wrong again (I'm not buying more here), but I held through that initial shakeout and continue to hold and am encouraged by the recent price action in this stock. (I hold a small position in this stock - only 85 shares in my Roth IRA). Looks like it might finally be ready to go for the move I thought would originally happen. That said, there is an immediate long-term support resistance hurdle to cross just a couple dollars above current price. On the long-term chart which I'm using, you can see price is starting to get ahead of itself, it's getting pretty high above the uptrend line. I'm hoping that means it's starting to go parabolic, but usually it means a short-term pullback is in order. It's probably a lot of risk for a short-term investor but my initial stop loss would be just below $14. If price got below that it would be a very bad sign and likely a failure of this long-term chart pattern as it would break the uptrend line and break below the strong red candle from May 2019. I'm a long-term investor so I don't mind taking on more risk - I'm not playing for peanuts, I'm trying to hit home runs which usually take time and the everyday price swings don't get me going too much, I'm more concerned with the price action on the long-term chart pattern. This is not advice, just a simple observation of a long-term chart pattern, I haven't really looked into the fundamentals of this stock at all and therefore, decide for yourself and trade at your own risk.
NASDAQ:FORMLong
by PatientContrarian
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