If you bought CAT's ascending triangle breakout yesterday, watch out for the weekly trendline resistance that is most likely going to get tested today ;). Its the reason I skipped this trade.
I posted about NYSE:ARD consolidation ascending triangle chartpattern a week ago. Today, the stock closed well above its 200 MA and at the same time close above pattern horizontal resistance line. Chart from last week is here
NYSE:DOW I alerted to the breakout over the weekend and the stock made its move out of symmetrical resistance trend-line in today's session. Once in a trade, use your risk management skills and your pre-defined stop loss. Post from the weekend.
NYSE:AMCR broke out of its 2+months cup and handle chart pattern. I alerted to this setup on July 28th. Stock pulled back and made a deeper handle before breaking out in today's session.
NASDAQ:TITN the day is not over yet but so far, TITN looking like its on its way to breakout of its 2+ month consolidation to the upside. I came across this setup during my weekend research and have not had the chance to share it until now.
I've alerted to this setup few days ago here. Today, ascending triangle breakout price target has been reached.
NASDAQ:GH has been moving sideways for 2+ months forming an ascending triangle with a very well defined resistance line. The stock reported earning last week and looks set to breakout this week.
NASDAQ:IDN been trading sideways for the last 3 months forming a cup and handle chart pattern. Earnings in 2 days so buying a breakout ahead of that, obviously, comes with its own added risk. None the less, i good setup to watch how it unfolds this week. Good luck.
NYSE:DOW another stock consolidating in a symmetrical triangle chart pattern that looks like its ready to breakout this week.
NASDAQ:DLTR looks set to complete its 2+ month symmetrical triangle chart pattern. Once the breakout is under way, price should make a run to chart pattern price target identified on the chart.
NYSE:RE seems ready to breakout from a 2 month cup and handle pattern with a well defined horizontal resistance line.
NYSE:CHWY fell short of its rectangle price target by $0.40 cents. When you enter a trade, use your trade management skills to judge when to exist your trade. I posted about the breakout here.
NASDAQ:TTMI TTMI has been moving sideways for the last 2+ months forming an ascending triangle chart pattern that looks set to make its breakout next week. Chart pattern price target indicated on the chart.
NASDAQ:REAL has been trading in a trading range for the last 3+ months forming a rectangle pattern. The stock price is stilling right under 3 resistance confluences (200 MA, Weekly downsloping trend line, and rectangle resistance). A breakout above these 3 levels will set the stage to a leg higher and a trigger of a long trade. REAL reported earning this evening 08/06.
NYSE:HUM looks ready to breakout from its 3 months consolidation rectangle chart pattern. The company reported earning today and the stock seems to be heading for a breakout to ATHs.
Another very well formed 3 month rectangle chart pattern and this time on NASDAQ:FTNT . If the breakout takes place, the stock will be trading at ATH. Keep an eye on it.