mohamed.tharwat.elsherief

mohamed.tharwat.elsherief

AUDCHF has established a breakout in the daily timeframe after a relatively small consolidation. I am waiting for a pullback on Lower Time Frames or even Daily Time Frame.

mohamed.tharwat.elsherief

RHI found support in the weekly chart and is coming with bullish momentum. In the daily chart, we have a breakout of an ascending triangle. The stock opened with a gap above the breakout with a strong volume before pulling back and closing above the current S/R. The ideal way to go long is by waiting one or two bullish candles on the Daily time frame to confirm...

mohamed.tharwat.elsherief

I do not have enough history for both weekly and monthly charts to see if there is previous S/R, the stock may want to bounce off. However, we have an ascending triangle forming in the daily chart and we can notice a relatively strong volume bar at a level below the anticipated breakout. The only way to go long is to wait for a clear breakout and to wait for a...

mohamed.tharwat.elsherief

HGV was in a strong bearish trend in the weekly time frame. The stock is forming an ascending triangle in the daily time frame with the last bullish candlestick is accompanied by a strong volume bar. To go long, we need to wait for a clear daily breakout and preferably a retest. The first potential target could be the weekly/Daily S/R

mohamed.tharwat.elsherief

ERI was in a strong weekly bearish trend and may have found some support on the Monthly time frame. In the Daily timeframe, the stock is building an ascending triangle. The most noticeable thing so far is the last strong volume bar that may lead to a strong breakout. A breakout and a re-test should be observed before going long.

mohamed.tharwat.elsherief

MGY is in strong bearish trend in the weekly time frame. However, the stock has been establishing a good base in the daily time frame. The daily breakout was accompanied by strong volume.

mohamed.tharwat.elsherief

LITE is forming a symmetric triangle in Daily charts and we need a strong breakout either way accompanied by strong volume. Earnings Report is due on April 29.

mohamed.tharwat.elsherief

There are two observations on the weekly chart of Montage Resources. The first one is we have a bullish divergence on MACD and RSI. The second one is the noticeably increased volume that has established over a whole year. On the daily chart, we see a breakout with a strong volume that stands out. Price may test previous highs at around $7.5 or so. Stoploss can...

mohamed.tharwat.elsherief Updated 

ASX: CAR The share bounced off Weekly Support. In H2 Chart, we see a nice breakout at 38.2 fib. We may look tomorrow for any lower price entry to increase the R:R. So far stop loss would be at 6 percent and TP (at 50% fib) would be 7%. Partial Profit close is also an option to target more profit at 61.8 Fib.

mohamed.tharwat.elsherief Updated 

EQM broke out on the Daily chart and then consolidated in H2 TF before the stock broke out again on this LTF. What I really like about this trade is the position of stop loss.

mohamed.tharwat.elsherief

MPLX tries to break a monthly Support but soon bounced up and now has a formed a daily breakout.

mohamed.tharwat.elsherief

NYSE: CRM has broken out in Daily Time Frame backed by strong bullish Weekly momentum. Entry can be at last daily close or a tick above.

mohamed.tharwat.elsherief

NYSE: JIMIA We are definitely in a strong bearish trend on Monthly. However, there is a chance to trade a bullish correction in Daily time frame. We have got a breakout and a small retest.

mohamed.tharwat.elsherief

NASDAQ: FOLD has broken out from a strong Daily and Weekly Resistance. The Weekly chart shows a previous bullish classic MACD and RSI Divergence in which the stock showed a continuous bullish moment on the last five weekly candles.

mohamed.tharwat.elsherief

PLT bounced off monthly support and has broken a daily resistance. The first target could be just before the gap.

mohamed.tharwat.elsherief

NEO crossed the previous daily high with a bullish engulfing pattern. H1 chart is showing a retest and a nice pullback.

mohamed.tharwat.elsherief Updated 

We have a daily breakout. In H2/H1, we can see a retest and a bullish continuation. A target could be set at 38.2 fib of Daily chart or previous Daily S/R. I prefer the former.

mohamed.tharwat.elsherief

Zscaler stock has established a bullish Inverse Head and Shoulder just above a previous gap (on Sep 10). We have a potential target at the last highs achieved in July-August 2019. In the two-hour timeframe, we have a nice breakout. Entry: the current level at 69.96 (or the trader may prefer to put some limit order at a lower level just above 66.27). Stop Loss:...