$ARHS - Consumer Cyc | Home Improvement currently flagging for a follow through from its breakout (+23.91%) post ER on 11/8. sitting on VWAP from IPO, rising 10/20 MA with RS. pivot at $9.50 will clear 6 months high
$BTCUSD (Bitcoin / USD) – Reclaiming 10/20-Day Moving Average Is a First Sign Of Strength Bitcoin ($BTCUSD +7.52%) rebounded from $18,900 support level reclaiming posture above its 10/20-day moving average. It is worth to note that $BTCUSD is now trading beneath its declining 50-day moving average. The level of support to watch for $BTCUSD this week remains at...
$SPX (S&P 500) vs $RSP (S&P 500 Equal Weight) – (Net High/Low +17) The stock market came into this shortened week of trading on a three-week losing streak. It looked on Tuesday as if that streak might be extended to four weeks, but there was an abrupt turn in sentiment that powered a strong move in the major indices over the last three sessions from 3,900 support...
$LULU - Consumer Cyclical | Apparel Retail breakout of year long bullish wedge pattern, retaking its 200MA, AVWAP from ATH and YTDH with higher lows since late may'22. latest ER on 1/9 reports continual YoY growth for both EPs (+33%) and Sales (+29%)
$ACVA - Consumer Cyclical | Auto & Truck Dealerships pretty sure none of us gonna miss this trade if it breaks
$HUBB - Industrials | Electrical Equipment & Parts currently RS new high before price high. swinging back above its 10/20 MAs after price lvl at $205 range proved to be a major support.
$XMTR - Industrials | Specialty Machinery revisiting $XMTR after 9 months. U/D Volume Ratio grew to 140% with RS now at YTD high before price. above IPO VWAP and all major MAs. riding on rising 20 MA. key pivot at $53.55
$BTC (Daily) vs $BTC (Weekly) $BTC -9.10% broke down further from the highlighted mini bear flag within its 2nd successive bearish flag formation. $BTC short term MAs have transited to a declining mode, provoking a intraday sell off after resisting price penetration on 26/8/2022
$ULTA - Consumer Cyclical | Specialty Retail 1yr of ranging price action, coupled with higher lows in RS where lows on price remains flat latest ER beats by 0.71, beats on revs, comps of +14.4%; guides FY23 EPS and revs above consensus, raises FY23 comp guidance remarkable
the 19/8 breakdown on $BTC did not follow through to play out the entire textbook projection of a bear flag breakdown. currently $BTC is morphing out another mini bear flag within a bear flag. the drifting price action remains a sign of lacklustre and reluctance from investors
$NCLH - Consumer Cyclical | Travel strongest among the 3 major cruise liners ($CCL & $RCL) as RS flatten since mid jun & 1st in bullish MA crossover (20dv50d) higher lows tightening within its ascending triangle. currently near the apex of it pivot coincides VWAP at $14.35
$ARRY - Tech | Solar interesting price chart, ADR is at 10%. price is up +220% from YTD low but the momentum for further BO seem to be gathering pace again. currently a bullish flag (mini bullish falling wedge). BO confirms at $22 with EOD vol exceeding 200mil
$MOS - Basic Materials | Agri 1mth RS with orderly price action along its rising 10/20 MAs. price stalled over past 8 sessions into a narrow price zone of low/high VWAPs. rising 200MA shows no signs of flattening BO needs to clear VWAP from ATH at $56.50.
$APA - Energy | Oil & Gas energy sector leads in RS over a 4wk period. $APA outperformed among the S&P500 names from yesterday's market selloff with a double bottom price pattern from its correction in a 2-years uptrend. BO lvl coincides with confluence of VWAP & KMAs at $37.50
$BTC signs of breakdown from the earlier highlighted bearish flag. 22,500 breached with -6.03% move. further intraday break at 20,700 will see a an accelerated sell off through the day similar to 9/5/22 (-11.59%) and 13/6/22 (-15.55%)
$A - Healthcare | Diagnostics & Research Low ADR, but the multi year long uptrend along with its consistent YoY EPS and sales growth makes this an interesting growth name to be in the WL latest ER have $A gapped above its 200MA and AVWAP from ATH. actionable trade at $150 imo
$MERC - Basic Materials | Paper Products this have appeared in various scans on daily basis for over a month now trading at pivot to BO lvl of a C&H pattern to rising KMAs including 200MA (which is pretty rare at this period of the market) latest YoY ER +234% EPS, +42% sales
$PCTY - Tech | Software - App +19.59% move post ER to decent YoY earnings and sales growth (+74% and +37% respectively). currently displaying a bullish pennant setup awaiting for more traction for another leg of upside breakout. trading above all KMAs and VWAP from ATH.