RA_Capital

RA_Capital Updated 

$WYNN stock price has bottomed in DEC'18 and then after the local top in APR'19 started to trade inside a symmetrical triangle and in the same time descend inside a parallel channel Last week on the back of the US-China trade agreement and more important , on news that president Xi will visit Macau for 3 days and unveil a plan for further development and...

RA_Capital Updated 

$BK stock price has been trading for almost 2 years inside a descending parallel channel After good earnings report in OCT'19 stock has risen fast and notice the accumulation bars on the volume chart MACD and RSI in expansion mode In order to participate look out for a breakout AND CLOSE above the descending line Measured targets are: T1 - lower edge of the...

RA_Capital Updated 

$LW has bottomed around MAY-JUN'19 and since it has traded upwards forming an ascending triangle, with resistance line around 83.86 Last week has broken AND CLOSE above that level on the back of better than expected earnings All this would have been great if the MACD and RSI were not that high into overbought area Ideally look for a retrace and possible retest of...

RA_Capital Updated 

$KTOS stock price topped last summer in JUL'19 and after modest ER has dropped until around 17.40 where it found support Since then the stock has been trading inside a beautiful descending triangle, until last week when it broke out on the back of the middle east tensions(we are talking about a security and defense stock after all) Notice the big volume on the...

RA_Capital Updated 

$THRM stock price made an intermediary top back in SEP'18 and since then it has traded downwards inside a nice wedge After a failed move it has managed to breakout in OCT'19 Result that came out at the end of OCT'19 were not great and the stock has retested the breakout , but the price action held above and now the stock has resumed the uptrend MACD and RSI very...

RA_Capital Updated 

$JD stock price has traded around the 35.50 level for the past 5 years (dotted black line) and this level has been resistance from 2015-16 to support between 2017-2018 and then resistance again since mid 2018 After last support break the stock price drifted lower until it bottomed around 19.20 levels after the DEC'18 selloff Since then the price has formed a nice...

RA_Capital

Daily chart of $PEN has a beautiful C&H breakout this week with a close above the cup neckline Stock price trades above all major daily MAs (20,50, 200) MACD and RSI both in expansion mode with plenty of room to go until overbought conditions will be reached Measured target from the pattern is around 264.62 Good luck, TA

RA_Capital Updated 

$KR stock price has been forming a beautiful clean inverse H&S pattern on the daily chart since MAR'19 earnings result gap down The pattern has a clean cut shoulder line at around 23.70 and head line at 20.70 / neckline sits at 26.10 Stock has broken the neckline on big volume 2 days ago ( on good numbers regarding same stores sales ) and yesterday started what...

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$AMX potentially breaking out from a year long descending triangle and C&H pattern RSI at 59 currently with room to grow, MACD just crossing over and Histogram potentially turning positive Check out the massive volume traded yesterday (6+ mil) , then check what the stock did in the previous sessions when similar volume has been recorded (pointed on the...

RA_Capital Updated 

$ATVI EARNINGS RESULTS TODAY AFTER MARKET CLOSE!!! (outlook obviously depends on the outcome, but I publish this especially for those interested in earnings results options strategy) $ATVI stock price has hit a 2018 high of 84.68 in OCT and has been in a downtrend since. It has hit a low of 39.85 in FEB'19 and since then chart has formed a potential rounding...

RA_Capital Updated 

$SILK stock price has formed a beautiful clear C&H pattern on the daily chart The key level is 38.00 , so watch out for a breakout AND DAILY CLOSE ABOVE that level in order to participate MACD an RSI fully support the move up Measured target is around 48.17 Good luck, TA

RA_Capital Updated 

$NSC stock price has been repeating the same bullish pattern since 2018 on the weekly chart Stock is forming bullish flags for around 2 quarters (tends to under-perform the sector and the market) and then is breaking out higher (catching up with the market) The stock has declined 3.9% over the past three months, while the Dow Jones Transportation Average has...

RA_Capital Updated 

$JCOM is breaking out from a year and a half Cup & Handle pattern on the weekly chart MACD and RSI very supportive of the move , only remark here is that I would have liked a bit more volume to support this move Could wait for a potential retest of the breakout line around 91 First measured target is around 104-105 second target around 116-117

RA_Capital Updated 

$OSB has reached a 19.46 low this summer and since then it has formed an ascending triangle Last week stock has been bought aggressively as seen on the volume chart and managed to breakout the resistance at 25.11 RSI is slightly being pushed now into high levels so ideally could wait for a successful retest of that line, but somehow I have the feeling this could...

RA_Capital Updated 

$CMC Friday's gap up candle completed a C&H pattern on the daily chart MACD and RSI strong and supportive of the move up Look to participate on either of : 1) retest and HOLD of the cup breakout line at 18.45 or 2) a breakout AND close above SEP high at 19.13 Measured target from the breakout of the pattern is around 22.21

RA_Capital Updated 

One for you "gold bugs" out there $FNV has formed a symmetrical triangle pattern since SEP On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day) MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher Look for a sustained breakout...

RA_Capital Updated 

$TWO daily chart has formed an inverted H&S pattern as a result of a false breakout in late SEP, followed by a correction that found support at what is now the shoulders level MACD just turned positive , RSI already in expansion area now sitting above 50 Look to participate on a close above the neckline that is now around 13.46 Measured target is around 14.43

RA_Capital Updated 

$SHO has been trading all year inside a descending triangle that it breakout from on the 9th of SEP After a small run up it hit a local high of 14.05 and since then it has slowly retraced inside a parallel channel towards the retest of the descending triangle It has now completed the retracement and Friday it has broken the downward parallel channel on decent...