TechnicallyCorrect

TechnicallyCorrect

NASDAQ:AEP had a nice trendline break on Thursday followed by a retracement bar giving the perfect opportunity for a trade entry. Entry above Friday's high at 85.68 Profit target is just under the high on 4/20/21 at 90.52 Stop loss under Friday's low at 84.74 Risk/Reward ratio is 5.15

TechnicallyCorrect

NYSE:MDT could be setting up for a breakout. MACD looks good and the price looks like it is gathering strength near the top of the triangle.

TechnicallyCorrect

NYSE:WM had a beautiful gap up today which broke out of the months long flag pattern. It looks very healthy and I expect it to continue up to all new highs.

TechnicallyCorrect

NASDAQ:BYND broke out of channel two days ago and has setup a favorable long trade. Entry above today's high at 157.45 Stop loss under today's low at 151.47 Profit target has multiple options but I am going just under the resistance from 2/16/21 at 183.50 Risk/Reward ratio of 4.36

TechnicallyCorrect

COINBASE:ETHUSD might have put in a bottom. It has made a series of higher lows and has now broken the down trendline. Looks good on 1HR/2HR/4HR and the daily chart is on its way.

TechnicallyCorrect

NYSE:BA looks like it might be ready to break out of a long triangle pattern.

TechnicallyCorrect

NASDAQ:SUNW daily chart broke through the trend line today after several months of basing around the 200 EMA . I would initiate a long trade above today's high at $10.71 Place the stop loss under the June 21st local low at $8.79 The eventual profit target is the ATH at $29.37 which gives a risk/reward ratio of 9.72!

TechnicallyCorrect

NYSE:ARMK looks very bullish with a nice bottoming pattern on top of the 200 EMA. It looks almost like an inverse head and shoulders bottom The buy setup entry is at $38.05 taking out the high of today's bar If you want a very aggressive stop loss I would use the low of today's bar at $37.46 A more conservative stop loss is below the June 4th low at $35.52

TechnicallyCorrect

NYSE:F looks good as it breaks out of another channel as part of its continuing flag formations.

TechnicallyCorrect

NYSE:AZEK completed a bear trap today after prices recovered quickly back over the support line and 200 EMA . It also showed MACD histogram divergence when the new price low made on Jun 17 had a much higher low on the histogram than the price low on May 17.

TechnicallyCorrect

NYSE:PLNT daily might be about to break out of a triangle pattern which will initiate a long position with good risk vs reward potential. MACD is lined up and ready and the entry can either be above today's high for aggressive traders or you can wait for the first pullback after the breakout if you want to wait for more proof.

TechnicallyCorrect

NASDAQ:ADSK potential breakout with MACD confirmation. Stop loss around $270.

TechnicallyCorrect

NASDAQ:AKBA 4HR chart is setting up a nice buy signal. It has a very large rounded base followed by a trendline break. Additionally, the 50 EMA is about to cross above the 200 EMA.

TechnicallyCorrect

NYSE:ESNT daily looks like a good short opportunity. Trend line convincingly broken today along with MACD crossing back into negative territory. Entry under today's low with a stop loss above the 6/10/2021 high.

TechnicallyCorrect

AMEX:SLV has an ugly topping pattern that looks similar to a head and shoulders top. I would expect a follow through day tomorrow with the possibility of a big drop off.

TechnicallyCorrect

NASDAQ:ZM took out a trend line and has formed a small pennant right above the gap line and the 200 EMA. This is all after a long rounded base from March - June.

TechnicallyCorrect

NYSE:OXY had a breakout bar today to finish a cup and handle pattern right on top of the 200 EMA.

TechnicallyCorrect

Bitcoin looking very bullish on the hourly as it breaks out of a flag pattern with MACD confirmation