The_Position_Trader

The_Position_Trader

Price is retesting the upper channel (after breakout). I'm waiting for a green daily candle before adding to my position.

The_Position_Trader

We have early signs of a breakout above previous swing high, combined with a bullish triangle pattern. Although this pattern is not yet confirmed, a H4 close above is likely to trigger a strong bullish move.

The_Position_Trader

Higher prices are expected

The_Position_Trader

Lower prices are likely in the short term, as this stock tests 200ema after breaking below it. Eventually, however, this stock could be worth several multiples it's current price.

The_Position_Trader

TLT Bond Fund Has Broken Out of Reverse Head And Shoulders. Higher prices likely coming.

The_Position_Trader

Bond Fund TLT has formed what is an ideal reverse head and shoulders formation. I am waiting for a break of the neckline before going long. This is on the back of continued FED accommodation and some early signs that inflation is cooling off. It might be time for bonds to shine for a while.

The_Position_Trader

GPN Break Above $200 Should Signal Resumption of Bullish Trend. There are signs of accumulation in volume as well.

The_Position_Trader

Paypal tentatively broke out of a falling trend line resistance. A daily close above $265 will solidify the bullish bias.

The_Position_Trader

Although it's possible that the Lucid merger could result in a common "buy the rumor, sell the news" scenario, given how beat up the stock has been in recent months, this scenario seems less likely. Furthermore, the coiling price action right next to a major resistance line in the past trading day suggests that bullish pressure is building.

The_Position_Trader

A daily close above 3300 will likely result in a move much higher and a test of all time highs.

The_Position_Trader

I just saw exactly the kind of price action I was waiting for to confirm the Cardano bulls are regaining control. Two daily candles of indecision right next to major resistance level likely foreshadows a bullish breakout. My preferred entry is on a break of resistance line above 1.8

The_Position_Trader

Cardano has broken out of the daily chart triangle range, and has held above this range for the better part of a week. This resilience should translate to much higher prices in coming months, with further market share concessions going to Cardano.

The_Position_Trader

Snapchat (SNAP) Looks Poised To Challenge All Time Highs

The_Position_Trader

I see a clear bullish triangle breakout formation on XLF, which is currently a leading sector in the S&P500 (with regard to relative strength).

The_Position_Trader

EXR has been leading the S&P 500's real-estate sector, and there are no divergences yet in price, which tells us this stock could have further up to go.

The_Position_Trader

The weekly time frame shows a clear bounce off of previous trendline resistance-turned-support. A test of $525 is likely.