The Market may have some more room to the downside with the longer term uptrend still intact, I look at some intermarket analysis to evaluate the situation. 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...
Watching HD closely here- Strong relative strength yesterday, looking for a breakout at the end of this triangle - MACD cross - EMA's starting to curl (not pictured) - Symmetrical Triangle forming with buyer volume stepping in - Bollinger Bands are Squeezing PT1- 321.50$ PT2- 323.48$ PT3- 325.00$
Arista Networks NYSE:ANET is a company that delivers software-defined networking solutions for large datacenter, cloud computing and high-frequency trading environments. According to IBD is the leader in its industry (Computer-Networking Group). I compared Arista Net to AMEX:IYZ , an ETF concentrated in telecommunications and NYSE:ANET is leading the...
NASDAQ:CRWD looking good. Formming a volatility contraction pattern (VCP), price above 20d, 50d and 200d MA , better than expected earnings for the last 3 quarters and the sector is having a good relative strength against the market. So, now I'll be waiting for the breakout above $227 to entry. Another thing worth mentioning is that its price earnings ratio...
The Innovators ETF AMEX:FFTY is being underperforming the TVC:SPX since February. This ETF is concentrated in growth stocks; so is a good barometer for that sector of the market. I see a volatility contraction pattern (VCP) with lowering volume, classic pattern before a crazy breakout. This breakout could be upward or downward, the thing is to be reactive....
The chart is really looking good. Confirmed uptrend with a VCP formation while above its moving averages accompanied with decreasing volume. Also, it has a very good IBD Relative Strenght rating, 92 points. For me is a good stock to buy but I'm being very carefull, there has been a bunch of failed breakouts lately so wait for confirmation. I'll wait for the...
Mid-term idea. Nice bounce back to the demand zone 210-220. Let's see how the price will act on these levels.
Regardless unstable market situation, last couple days renewable energy showing signs of potential growth. Remember these stocks are still in down trend. Keep your risks low.
The honeymoon period of Small Cap sector might be coming to an end now at the PRZ of a Bullish Harmonic AB=CD and Ichimoku Kumo support, 1.60 approx could see a halt in the outperformance of Small Caps over Large Caps that have been on a sideways to downward correction since FEB 2021. However, if it manages to breach further below then the Small Cap party of upper...
NYSE:TSN looks great, is clearly in an uptrend breaking out of a second base after beating EPS estimates last week. The thing is that I don't see volume action, or a good follow-through. Still, I keep my eye on this one. Industrials have been leading the market for the last weeks and NYSE:TSN is one of the leaders of the Food Production Industry, is rank 3th by...
NSE:NMDC has already broken out of its relative strength charts vs Nifty 50 and vs Nifty 500. The volumes in its own chart are at an almost all-time high, signalling huge institutional interest. The only thing that can temporarily stop this stock is this trendline in the Relative Strength chart vs CNX Commodity. We are already all-in on this, and watching closely.
NSE:HINDPETRO is yet to break its own long term trendline. But, its Relative Strength Charts have given an early breakout, potentially for a long term upside. This too in an environment when other PSE and Commodity Stocks are outperforming the index. We have already added long this week in this counter.
SQ has shown strong support at the $241.89 and $236.01 levels (Support/resistance- Pink lines) and has held its upwards trend. Looks to be consolidating at the moment and has been hovering in the RSI oversold range- if SQ can break and hold above its first resistance level at $256.76 will be looking for a breakout. PT1- $264 PT2- $75+
NASDAQ:NIU has good footprint forming a VCP in the last 13 weeks while above the 200 day moving average. Is not the best type because I like to see this with price also above the 20 and 50 day moving average, but still is worth to look at. Is very possible that a good rally is on the way. Also, the stock has a 92 rating for the IBD Relative Strength; one of the...
Here is a simple chart showing how both BTC and BCH are consolidating after a large move down. While experience tells us that one move down is usually followed by another, we should not expect it. BTC is currently more bearish on the daily and 4-hr charts. While BCH is in an uptrend its price more than doubled in April. Price could pullback more, but the...
I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better...
RCL is looking strong as travel and reopening trades are back in play here. We're looking for a break out of this resistance, which we already saw last week. A green candle close above this level would indicate a move back up to the highs - PT 95.5, resistance at 92 a d gap fill from 93-94, ultimately targetting low 100s before May. SL set below 87.8, a key...