nVidia had 5-6 month consolidation with VCP chart structure. It broke out of that yesterday in high volume. Usually this indicates more upside to come if the overall market is conducive.
NASDAQ:MELI shows nice resumption and breakout into upside. Clear on the monthly chart shown.
Likely to March towards its all time high price in the coming months.
Scottish Mortgage Investment Trust is going through stage 1 base and looking to breakout to stage 2 uptrend after falling over 53% during the stage 4 downtrend.
Chart pattern looks interesting.
NYSE:ANF - many bullish indication and price action.
Possible resumption of Stage 2 uptrend
Teal moving average line is 30MA
Bottom panel: Mansfield Relative Strength
NASDAQ:TTD - VCP breakout set up but volume on breakout is lacking.
Could be a potential winner but worth watching closely.
I have an earlier aggressive entry from couple of weeks ago.
NYSE:PNR - Price is within the consolidation base but 6-7week consolidation breakout within the broader consolidation.
Further bullish confirmation:
Price above Key moving averages on daily, weekly and monthly charts
MACD positive on D,W,M timeframe.
MACD just turned up positive on weekly and monthly chart - possible new longterm bullish momentum.
Positive...
Microstrategy with so much Bitcoin in their balance sheet their stock price acts like a proxy Bitcoin play.
It seems to give leveraged price action based on Bitcoin moves.
On Friday, it moved 12% while Bitcoin moved about 8% (during stock trading hours)
Long term breakout in XAUGBP
With banking crisis and collapse of couple of banks in US, there’s flights to safety
And Gold Bullish action in play again
Multiple bullish indication on $HALO - see chart annotation for details.
GLB - Green Line Break - breakout of previous ATH and consolidation for >3months.
$AMR has just broke out of the ascending triangle pattern on high volume today. The trading hasn't finished today, so the end of the day will be telling if it closes strongly or not.
As it stands, if it retests the breakout level (& holds support) that will be a great entry point, with low of the day as stop loss for my strategy.
Entry level: $140
Stop loss:...
I am encouraged with the price action and the structure developing in Ethereum.
Fib Retracement analysis also suggests to me that the next price target zone could be around $5300. This is about 50% above current price.
This level correspondence to the extension of previous two highs and is likely to act as the next interim peak.
Bitcoin is showing some momentum accumulation with its weekly MACD (about to) turning positive.
It broke above the short term resistance (white horizontal line on the chart)
Based on the short term breakout structure, I believe the immediate target is likely to be $55000.
Fib retracement analysis suggest that if the momentum builds further, it could break out to...
Nice support and resistance analysis.
Previous resistance acting as support now after the breakout.
It retested the support and attempting to resume uptrend towards all time high.
I’m bullish on Gold.
Bull flag / high right flag on Weekly chart pattern on $GFI.
With further up trend in Gold price this could potentially give a 4:1 RR about 30% return as shown in the chart.
Crypto setup
Solana is giving an impressive bullish pennant with decreasing volume.
Breakout could lead to quick gains - watch out.
I have an existing position in VIP real money portfolio. Might look to add further.
