$NEX is one of the strongest O&G runners when the industry group broke out of base in mid jan. past 4 session went through a -10% correction with the latest pin bar posing a new opportunity for an entry based on mean revision setup looking to bounce off its rising 20MA, again
$KBR - displaying an ascending triangle pattern & HTF after surging +27% from its wedge breakout in feb. range is tightening up over the past 3 weeks with the overall market weakness not reflected in this name. strong growth in revenue numbers in both QoQ and YoY.
$HRT - 6 months into its IPO. latest post ER trading on 22/3 displayed an episodic pivot (@PradeepBonde) behaviour. currently a HTF setup with declining wedge pattern on lowering volume. key level to be taken out coincides with VWAP from IPO and ER, and a flattening 10MA at $16
$CCJ - addition to $DNN in my previous tweet, $CCJ is the strongest of all Uranium names currently. already at 52 weeks high in both price and RS & a narrower correction range to its rising 10/20 MA. largest market cap of all 4 names at 12.1B (8 times the size of DNN)
$DNN - Uranium is the few industry group that you would probably find RS over the last 2 wks of market weakness. $UEC and $NXE have already taken off yesterday from their pivot levels. $DNN currently sits on its VWAP support from last ER, beneath a major pivot. ATR/$ at 7.17%
$DH 3 months sectorial performance for $XLV gives you -6.34% today, but $DH RS bottom on 19/1. in midst of doing so, $DH has also traded out of a 6months downtrend channel, to rising 10/20 KMA over last 2 weeks. $26 key pivot for a 3 months base BO
$ZI very clustered chart at first look but plenty of significant technical build up in this name -double bottom basing chart with RS since feb -2 weeks price coiling between both VWAPs IPO and ATH -price action rejection at 200MA on 3 period since jan all points to $61 breakout
$BEPC (Utilities - Renewable) HTF setup, now within a pennant range. hv already violated the momentum of its year long downtrend channel, and trading above VWAP from ATH reflecting significant accumulation in its past 2 mths rally pivot on weekly is at $45. pennant BO at $43.50
$ANET sliced through the series of VWAPs highlighted earlier, at the back of 5 consecutive sessions of higher close. also trading outside of its 4 months DTL. currently just trading beneath the $134 major pivot, its last key resistance level. looking prime for a takeoff.
Extremely small company, under $1bn market cap. Not a typical 'tech growth stock' but they have really nice earnings growth and strong estimates for next year, as well. Purchased a quarter-sized position on Monday as the stock came off its anchored VWAP and was showing extreme relative strength compared to the overall market. The stock is climbing the right...
Stock recently broke out of a ~10 month base and is forming a very tight VCP / high handle. The stock continues to make new relative strength highs, giving very little back while the indexes struggle, showing its superior strength relative to the overall market. Look for a breakout over the February 9 closing print of $51.54 with a stop just below the low of the VCP.
$CLFD bullish pennant pattern. +35% move (3 weeks) since Q4 ER. ER reflected YoY accelerated growth in both EPS and Rev. looking at BO from Q3 ER AVWAP resistance at $64.70. Q4'21 Earnings (YoY) EPS 0.75 (+226%) Sales 51.1M (+89%)
Many names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is...
Began buying CF as it came out of its tight, coiling pattern from last week. The stock has exhibited extreme relative strength over the last couple of weeks of market turbulence. Volume patterns indicate massive institutional accumulation. Bought ~35% of max size in the morning and added ~15% of max size near the close, giving me roughly a half-sized...
Added another quarter position as we cleared and held above last week's high and as the broad market continues to follow through, bringing my average price up to $246.99. SPY and QQQ both had another good follow-through day today off of Friday's pullback lows. Neither is in the clear, however. They're also both facing up against key moving averages; SPY...
$DDS held onto $225 support on 3 occasion during the market correction in dec and jan, forming a very constructive cup and handle formation. now trading above 10/20/50MA this week, but still have a ATH VWAP at $278 to recapture. that will be the cleanest breakout level imho.
Would like a pullback into the 50-day line to get long ACLS. Just had a beat and raise report and has ran up on huge volume since. The growth estimates are very good and the company operates in what may be the best area of the market, semiconductors.
$RHI a 2021 market darling until the last week of November, where it undercut its 50MA for the rest of the year. currently established a higher low with cup and handle pattern. weekly chart, it capture back its 10MA for the first time in 7 weeks. actionable trade for today