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Basebreakout

EBS Base Breakout SetupHey everybody got my camera working for this trade idea. Here we have the ebs stock setting up for a breakout in an uptrend and we're hoping for a bullish continuation here. I describe my entry points my stop loss and my profit target one and the logic behind them and how to position your share count so you can manage your risk and prepare to lose as much or as little money that you want if the trade goes against you every decision in this trade has meaning and logic to it that pertains to the particular stock and the setup therefore you know why you are doing everything that you're doing when trading. Let me know if you have any questions or if this is new to you or if you need help setting it up or calculating how much money you should win or lose. The only issue with this stock is that it's not in the technology sector and it's not in the communication sector so it is not in the most high performing sector right now although the healthcare sector is performing pretty decently with financials as well.
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NYSE:EBSEducation
by PappyTrading
4
JBL (Long) - an outperforming value-playFundamentals The market is obviously overbought (still expecting a pullback), which could potentially give space to the stock to consolidate and form a cup-and-handle formation Fundamentally, the company is sound - it has seen a decrease in demand, reflected in the decrease of revenue. However, efficiency gains meant that profit has gone up regardless, hence the price rise. The earning are currently pricing another fall in revenue (yet, the price is still rising), hence a potential beat could serve as a nice boost to the share price. Why am I interested in a firm with declining revenue? Because it has a lot of things going - the firm is expanding into various sectors (including healthcare, semiconductor equipment, and AI-driven data centers), which gives it a diversified customer base + it has signed a massive $2.2bn agreement with BYD , giving it an entry into the EV market Cheap - P/E ratio of 23, despite the rise in price (based on Willliam O'Neill - the biggest winners of his careers had a starting P/E between 20-40) Only problem is a pretty high level of debt Technicals The usual - accumulated base , currently on the verge of breaking the upper resistance Another way to look at it is a broken bullish pennant The most likely scenario I see is a consolidation along with the market and then breaking either close to the earnings or on earnings The bottom indicator shows a recent outperformance compared to S&P500 Stochastics has been in the upper range for a while - again, showing that it will probably pull back for a little while Trade There are plenty way to go about it - I will likely choose to wait until the stock price consolidates around the resistance and wait for a breakout If the breakout happens now, I would once again advise to enter the trade, but with the caveat of giving the trade more space for a potential pullback back to the support Of course, if the stock starts receding from here, the trade is off; same goes for a failed break out Main caveat is the earnings - if the stock disappoints, then once again, the trade wouldn't be advisable Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:JBLLong
by jurajholik
SNOW (Long) - Beautiful Technicals, Don't look at FundamentalsFundamentals Really not here to admire the pristine fundamentals - the stock is severely overpriced with a price-to-sales over 20 However, having been at this for a while, for a 6-month horizon, the technicals, price and the momentum are the things to focus on Regardless, NYSE:SNOW is an outstanding company with a very bright future. However, its price might fluctuate wildly over the coming years until its sales catch up with the valuation For now, the technicals are the key... Technicals The longer a firm has been forming a bottom, the more excited I tend to get about a breakout The price of SNOW has been oscillating around for a while, forming a basing pattern (pick any of the three names on the screen) and accumulating share demand and momentum If everything goes well, the price breaks out cleanly over the resistance (black line) Looking at the stochastics, momentum is strong and volume has been on our side for the duration of the most recent up leg - shown by the Chaikin Money Flow indicator. However, considering my slight doubts about the overall market, I would shorten the horizon on this trade to 2-3 months - to hedge the best in case the market calls the investors' "soft-landing" bluff Trade I see two potential way s of playing this trade: (i) enter where the price touched the red-coloured line, catching the pullback and frontrunning the breakout (if you have a strong conviction) or (ii) wait for the actual breakout - best-case scenario is a long, fat green candle which sustains the highs towards the close and does so on volume Given the first choice, stop loss just below the red line or the 19-day EMA. With the second option, the black line is the obvious stop Failed breakout would be an obvious no-no for me and I would abort the trade and wait how the price action develops Also closely watch the NASDAQ:QQQ , Snowflake likes to follow it and I have some worries about the sustainability of the tech rally Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation, it motivates me to keep producing ideas, thank you :)
NYSE:SNOWLong
by jurajholik
Safe Bulkers, Inc. ($SB) AnalysisSector: Industrials - Marine Shipping | Country: Monaco Company Overview: Safe Bulkers, Inc. ( NYSE:SB ), a key player in the Industrials sector with a focus on Marine Shipping, operates globally, providing safe and efficient shipping solutions. As a small-cap company based in Monaco, Safe Bulkers specializes in transporting bulk cargoes, contributing to the vital maritime logistics infrastructure. Performance Metrics: NYSE:SB demonstrates compelling performance metrics within the small_cap screening, indicating potential opportunities for investors. Relative Strength: Exhibiting robust relative strength scores of 3.97 against its sector and an impressive 5.11 against the S&P500, NYSE:SB showcases resilience and outperformance against broader market benchmarks. U/D Ratios: With a U/D ratio of 1.77 (50 days) and 2.24 (15 days), NYSE:SB reveals positive market sentiment and notable upward price movements. Detected Base Depth: A substantial detected base depth of 70.67% positions NYSE:SB favorably, indicating a solid foundation for potential future growth. Price Dynamics: Despite a slight volume deviation of -2.32% below its 15-day average, recent candlestick patterns reveal a 1.33% range in the last candle body and a strong 100.0% closing range. This signifies strong bullish momentum and stability. The last closing price, at -1.04% away from base resistance, provides an attractive entry point, suggesting potential for further upward momentum. Short-term Trends: Over the last 10 days, NYSE:SB has experienced declining prices, volume, and accumulation, reflecting short-term pull back sentiments. EMA Analysis: Historical EMA patterns suggest that NYSE:SB usually encounters local tops when the price closes around 49.18% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.51% away from the 50 EMA, indicating potential correction levels. Trade Idea: An entry at $3.9 aligns with pullback and accumulation signals, providing an attractive risk-reward profile. A disciplined stop loss at $3.62, based on recent lows, mitigates risk and ensures prudent risk management. The proposed trade targets an impressive 5.43 Risk-Reward (RR) ratio, with a target price of $5.44, anticipating a total profit of $217.05 or 39.47%. Conclusion: Safe Bulkers, Inc. ( NYSE:SB ) exhibits strength in the Marine Shipping sector, with robust relative strength and a detected base depth. The proposed trade idea aligns with pullback and accumulation signals, offering an attractive entry point for investors seeking exposure to potential future growth in the maritime shipping industry.
NYSE:SBLong
by HaseebKhan_90
2
OKB's Patterns: Fractals and Breakout Power🚀In the intricate world of market patterns, OKB appears to be retracing familiar footsteps, echoing fractals of its past movements. A closer look suggests the formation of patterns reminiscent of a previous significant breakout. Let's delve into the current landscape of OKB and the potential for another explosive move. Chart Analysis: Unveiling the Patterns Fractal Repetition: OKB is displaying patterns that mirror fractals observed in its historical price action. These fractals are notably reminiscent of a substantial rounded base formation that preceded a rapid upward surge. Previous Breakout Blueprint: In a prior instance, OKB formed a substantial rounded base, establishing a foundation for a powerful breakout. The current patterns, while on a daily timeframe instead of weekly, seem to echo the blueprint of the earlier breakout. Anticipated Scenario: A Prelude to Potential Breakout Pattern Recapitulation: The current retracement and pattern formation resemble a condensed version of the previous rounded base. Fractal repetition suggests a potential precursor to a significant market move. Breakout Potential: If history repeats itself, the current patterns may indicate an imminent breakout. Traders should watch for a decisive move above key resistance levels as a potential trigger for a new bullish cycle. Strategic Positioning: Active traders might consider strategic entry points within the current pattern, anticipating a breakout. A cautious approach involves setting stop-loss orders and closely monitoring key support and resistance levels. Strategic Approach: Navigating the OKB Landscape Pattern Recognition: Traders and analysts should pay close attention to the evolving patterns, drawing parallels with historical fractals. Identifying similarities can provide insights into potential future price movements. Breakout Confirmation: Confirmation of a breakout would involve a decisive breach of resistance levels and sustained upward momentum. Validation of the fractal pattern may signal the beginning of a new bullish trend. Conclusion: OKB's Symphony of Fractals As OKB retraces patterns reminiscent of its historical fractals, market participants find themselves at the edge of anticipation. The unfolding symphony of fractals suggests a potential breakout scenario, with traders and investors poised for the next act in the OKB narrative. 🔄 Fractal Symphony | 🚀 Awaiting the Breakout | 🔄 Echoes of Past Movements ❗See related ideas below❗ Share your insights on OKB's patterns and contribute to the collaborative analysis, enhancing our collective understanding of this digital asset. 💚🚀💚
Long
by Yaroslav_Krasko
Toll Brothers Inc. ($TOL) AnalysisSector: Consumer Cyclical - Residential Construction | Country: USA Company Overview: Toll Brothers Inc., a key player in the consumer cyclical sector, specifically residential construction, holds a significant position in shaping the real estate landscape in the United States. Known for its innovative approach and commitment to quality, Toll Brothers Inc. plays a crucial role in the dynamic and ever-evolving construction industry. Performance Metrics: NYSE:TOL demonstrates robust signals and compelling performance metrics within the wide-net screening, indicating its potential for growth and resilience in the residential construction sector. Relative Strength: NYSE:TOL exhibits a remarkable relative strength, boasting a score of 7.8 against its sector and 4.53 against the S&P500. This suggests a notable outperformance, underlining its competitive edge and market strength. U/D Ratios: With U/D ratios standing at 1.0 (50 days) and a strong 1.69 (15 days), NYSE:TOL showcases positive market sentiment, emphasizing recent bullish activity and supporting a favorable outlook. Detected Base Depth: A substantial detected base depth of 22.4% positions NYSE:TOL strategically, indicating a solid foundational level and potential for significant upward movement. Price Dynamics: The last closing price's slight deviation of 4.53% from base resistance suggests a favorable positioning, indicating potential for a breakout. Robust volume, standing at 71.73% above the 15-day average, indicates heightened investor interest and active participation, contributing to positive market sentiment. Recent candlestick patterns reveal a 0.24% range in the last candle body and a solid 69.0% closing range, indicating recent price stability and a strong closing stance. Short-term Trends: Over the last 10 days, NYSE:TOL has experienced rising prices, accompanied by increasing volume and accumulation. This alignment suggests a bullish sentiment among investors, supported by short-term positive trends. EMA Analysis: Historical EMA patterns indicate that NYSE:TOL typically encounters local tops when the price closes around 55.89% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.04% away from the 50 EMA, providing insights into potential correction levels. Trade Idea: With an entry point set at $87.31, the trade idea presents an opportunity aligned with current market dynamics. A disciplined stop loss at $83.82 mitigates risk at 4%, adhering to prudent risk management principles. The trade targets an attractive 11.66 Risk-Reward (RR) ratio, with a target price of $128.03, anticipating a total profit of 46.65%. Conclusion: Toll Brothers Inc. ( NYSE:TOL ) emerges as a strong contender in the residential construction sector, supported by impressive relative strength, positive short-term trends, and insightful EMA dynamics. The proposed trade idea aligns with a base breakout strategy, presenting an attractive risk-reward profile for investors seeking opportunities in the dynamic realm of residential construction.
NYSE:TOLLong
by HaseebKhan_90
INFA (Long) - AI play with a robust baseFundamentals The market right now is full of companies acting like prime AI bets . From what I can tell, NYSE:INFA is one of the more legit ones, building an AI-powered platform for multi-cloud system The valuation is slightly stretched but that is to be expected in a hot sub-sector. Hence, we need to gauge it against the industry, where INFA is exactly at the average Sales growth has been reliable and strong over the past decade, and the firm is nearing profitability Debt is stable at 1:1 ratio with equity. One fun fact is that CEO's compensation is $32m a year; the average in the industry is $8m, That's a major red flag, but we do not really care in a 6-month window; just something to be aware of On this one though, we are here for the technicals Technicals The technicals on this chart are gold Starting, as always, with a robust base which has accumulated over a longer time period The break out of the base came on news of blockbuster earnings , which is the kind of support a name like this needs Because of the positive news, the move was accompanied by higher-than-average volume as depicted on the graph Indicators also further support the break : (i) volume, represented by Chaikin Money Flow, has been showing divergences long before the move actually happened (orange circles) and (ii) a factor I consider crucial, a high relative strength against the market; the indicator is clearly breaking out and pointing higher Momentum is strong (stochastics) and supported by the rally in the broader indexes The stock clearly broke through all the moving averages ; another important factor when looking for an uptrend with legs Trade On the daily, the trade is slightly stretched. However, it still provides a good entry considering the proximity to the breakout line Ideally, the stock would oscillate around this line for a couple of days and let the moving averages catch up with the price It is up to you whether you wait or enter here. I choose to wait just because I feel the price action in the whole market needs to consolidate for a few days Caveat? The stock does not hold the line and breaks lower. However, considering the magnitude of the move, it is not unrealistic that this happens. In that case, I would wait for the price to break again and re-enter Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:INFALong
by jurajholik
CYBR (Long) - Cybersecurity charts are too good right nowFundamentals I have recently published a trade idea for another cybersecurity stock ( NASDAQ:QLYS ) and seems to have become a theme. The cybersecurity sector is rallying on the back of geopolitical tensions and some stocks, like NASDAQ:CYBR have put some lovely technical setups The fundamentals here are not as pristine as in the case of NASDAQ:QLYS , but they are still robust The revenue growth is strong and has remained robust and consistent; the sales have grown nearly 1500% in the past decade, from 47m to $700m The company has a healthy balance sheet with a reasonable level of debt The valuation is elevated , but that is to be expected for stocks with a lot of momentum. However, here I am attracted more to the technical setup Technicals Anyone who has seen my other trade ideas knows that a solid base with a high-volume breakout is a vital part of my analysis. Here, we have a base which has been forming over a three-year period . Usually, the longer the period, the more robust the base. Last week, the base broke on a release of strong earnings followed by a higher-than-average volume, and most importantly, we have seen follow-through in price, suggesting the breakout likely has legs Other indicators suggest continuing momentum and the overall sector is also remaining strong and in support of the rally Trade The price is a bit far off from the breakout point, so it currently does not offer the most ideal entry point. I would probably suggest waiting for a pullback or at least a consolidation as the stock is slightly extended on the daily. However, for someone with a more long-term outlook , this price represents an entry as good as any Suggested stop-loss is at the breakout point. A caveat would be if the stock fell back and through the breakout point. One should also watch for the performance of the overall industry . For that, I can recommend the cybersecurity ETF AMEX:HACK Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NASDAQ:CYBRLong
by jurajholik
COUR (Long) - Impressive relative strength in a choppy marketFundamentals I do not wish to dwell on fundamentals too much; I am more impressed by price performance and I am always guided by the price as I consider the collective wisdom of the market the best indicator However, the growth of the company has still been strong, with sales consistently rising by 20% and above Mainly though, Coursera has future - education does need to undergo a digital revolution and in this sense, the firm has a strong competitive edge . Hence, I would not discourage anyone from taking a longer-term position in the company But this trade is focused on a more of a 6-month outlook Technicals As I tend to, I have been watching the price of NYSE:COUR for over a month; the price has done a decent climb and has been orderly consolidating for the past month. Despite the turmoil in the broader markets, the price has never substantially decreased Over the past year, it has formed a robust base built on top of an immaculate double top pattern I am also big fan of the impressive relative strength against the S&P500 which can be seen at the bottom of the chart Trade I have not entered the trade myself as I am still waiting for a confirmation that the trend is going to continue upwards One could enter now at a better price, but the probability that the trade works out is lower ; a clear breakout would give the idea more validity The bottom of the consolidation range represents a clear stop-loss option My main caveat is that I am pretty bearish on the overall market in the next 6-month window. So although the stock does not have to necessarily plummet down with the market, it will certainly complicate its upward trajectory. Hence, I would advice for some patience if you decide to go with the trade. Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NYSE:COURLong
by jurajholik
POSI - Russian leader in cybersecurity The actuality of cybersecurity for Russia in the absence of global brands becomes even sharper and provides unique opportunities for the best local provider to capture growing market share. Stock price technical perspective still illustrates strong up-trend, with some caution signals to be mindful about if one decides to trade it. On a weekly time-frame, price is solidly supported above the 10w MA, that is crucial for me to consider trading the upside of any stock. Although, I cautious about important fibonacci resistance levels at 2500 area. I price will not be able to follow-through its recent break-out attempt from 5 weeks flat base and move above 2500 zone, than I have hard times considering wave 4 finished, and will expect more deep and long correction (probably to 2070-1850 support zone). That being sad, in my trading, I try not to forecast, but to follow the price and volume dynamics. And when the set-up is favourable and I have positive traction in my personal portfolio, I will take it without any hesitation. Thesis : Above 2415 line and I expect price to follow-through and move towards 2600-2800 resistance zone. Below this line and I am out, and wait either for more tight entry set-up or stepping on the sidelines at all.
RUS:POSILong
by artemfedorov
RIVN - could break up in near futureRIVN went into basing formation since March 2023, testing the level 15.60 (neckline1) at least 4 times before a successful break up on 29 June, followed 2 days later by a huge volume gap up 3rd July. As of yesterday it closed right at the 2nd neckline @ 21.70, which incidentally is just above it's 200 day moving average (a positive). It's RSI is very strong and there is a reasonable chance it could be breaking above this neckline2 very soon (scenario 1 indicated in red). However, as it is also rather overbought at the moment, we could see another pullback before another attempt to break up (scenario 2 indicated in blue). Long the break of neckline 2 with initial stop loss below 19.30 (the recent 2 candles low). The market is volatile and trade management with trailing stops is a good idea. Balancing between how much wiggle room to give it (ie where to place the stop loss) will take some practice and experience. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is
NASDAQ:RIVNLong
by Juliac