Micron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia. Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64. The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher. This is the...
IOC has formed a bullish structure on the weekly chart. A crucial aspect is a weekly RSI close above 60. It is also about to break out from a down trending line. A long position could be considered keeping the following levels in mind: LONG ABOVE: 81.55 STOP LOSS: 77.95 TARGET 1: 85.15 TARGET 2: 88.75 Please do wait for at least a 15 min candle close above the...
Funko took a beating in last year’s bear market, but the stock is quickly coming back to life. FNKO surged on earnings last week and has given back almost none of the initial move. Shares are barely retracing and doing so on minimal volume – a sign that no one is selling. This trade is pretty simple – draw a trend line and buy when it breaks above it. I forgot...
Currency pair NZDCHF potential breakout trade, place buy and sell stop orders. Manage your risk according to account size.
On Holdings, the maker of OnCloud tennis shoes found on soccer moms everywhere, is one of the hottest stocks in the market right now. It went public in 2021, just in time to get hammered in the bull market. But shares have come back with a vengeance. ONON has already doubled this year and is making new all-time highs as I write this. Notice the textbook...
Nasdaq about to break the range, place buy and sell stop orders. manage your risk accordingly.
Vontier is an industrial machinery company setting up in a textbook breakout pattern. After surging more than 50% off the October lows and reclaiming its 200-day moving average, shares have consolidated in a series of shallowing pullbacks. Retracements have tightened from 11% to 7% to just 4.5% with resistance at 27.50. Look for a breakout above 27.60 on above...
The leisure gaming group, as a whole, is setting up in a textbook breakout pattern. Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher. DraftKings is breaking out of a clean base in the beginning of a new Stage 2 uptrend. If you look at a...
The leisure gaming group, as a whole, is setting up in a textbook breakout pattern. Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher. IGT stock just made new 52-week highs. After a shakeout move in mid-March, the stock completed a textbook...
Exact Sciences is a biotech stock showing high relative strength. Following a 50% jump in January, the stock is tightening with pullbacks getting shallower from left to right. This is a sign of seller digestion which we often see before a new breakout to the upside. EXAS is also finding support at key moving averages which appear to be holding up the stock. I...
An ascending triangle breakout is excellent for breakout traders and trend traders looking for buying opportunity at 1.0959 for a buying opportunity. Alternatively, the trendline work just fine.
Good volume build up in this stock Breakout of resistance zone Best Q3 results Great Potential stock Face value 10 so can split in future Great promoter and MF holdings Cmp 69 Initial target 75 then trail SL Initial Sl below 63
Tata steel got rejected 4 times from that lvls. but right now .... Bullish Engulfing candle shows ..... buyers are intrested .... so if it breaks nowwww ......i m long..... with SL below red zone that will be around 105.9..... Breakout is imp .... Trade at ur own risk ......
wait the the 15m candle to close below take a sell trade SL on the privious High target the low of the clean zone for confirmation 30m candle close or the 1H candle especialy trading the breakout session
DOTUSDT is currently in an accumulation phase, as the market is consolidating below the key level of $7 on a weekly basis. During this phase, the price has been printing Higher Highs and Higher Lows, which indicates that buyers have been gradually gaining strength over sellers. An accumulation phase is typically characterized by a period of sideways movement in...
Placed my buy order in this stock. As you've seen the price has broken the consolidation rectangle to the upside. So let's see how this plays out ...
The current price of GALAUSDT is testing a dynamic resistance level in the $0.05 area where the market also has a static daily resistance level. Additionally, the price is creating an inverse head and shoulders pattern, which is a technical chart pattern that may indicate a potential trend reversal from a downtrend to an uptrend. An inverse head and shoulders...
MKRUSDT recently experienced a false breakout from the daily resistance level, which is a key level that often represents a point of strong supply and demand. When the price breaks through this level, it can indicate a significant shift in market sentiment and a potential change in trend direction. However, in this case, the breakout turned out to be false and...