- 4 months base breakout - Now consolidating outside base - Volume contraction - Surfing 9EMA - Strong sector
Price showing momentum Creating a base near ATH Base over base formation Caution: Overall market conditions are highly volatile which can impact the trade idea
Good Quarterly Earnings. 6 Months Base. Forming higher lows. Consolidating outside the base near ATH. Can give a good move if broader market breadth turns positive.
Base on base setup. Trading in a range since 2 months after breaking out of a 7 months long base. Potential range breakout.
Base on Base setup. Breakout with good volumes. Taking support on 20EMA. High relative strength.
Out of the base / Base on Base setup High relative strength VCP formation Low risk entry
Notes: * Very strong up trend in all time frames * Great earnings * Building a base on base pattern * Coming up off of its 50 day line with volume Technicals: Sector: Consumer Defensive - Discount Stores Relative Strength vs. Sector: 2.53 Relative Strength vs. SP500: 1.45 U/D Ratio: 1.12 Base Depth: 36.34% Distance from breakout buy point: -5.45% Volume...
Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Breaking out of a base on base pattern of around 8 months * Held up incredibly well as the general market and the financial sector were taking a beating Technicals: Sector: Financial - Insurance - Property & Casualty Relative Strength vs. Sector: 1.15 Relative Strength...
Exhibiting good relative strength. Tight contraction on the right hand side and volume dry up in the last couple of days. Volume surge in shorter time frame. Surged through pivot at 741. Broader market is weak, therefore sizing 10% of portfolio. Bought at 735, will close if breaches day low. Publishing for my own reference. Not an investment/trading advise.
Notes: * Solid earnings in the recent quarters * Strong up trend in the long term * Broke out of a base on base pattern * Initially created a base of ~9 months, broke out and created a smaller base of ~4 week and is now breaking out again * The ~9 month base was just above historical highs of $73.19 setting it as support * Making new all-time-highs * For the past...
* Okay earnings * Strong up trend since 2019 * Sector: Industrials - Trucking * Relative Strength vs. Sector: 13.48 * Relative Strength vs. SP500: 12.37 * U/D Ratio: 1.21 * Base Depth: 39.33% * Distance from breakout buy point: 0.34% * Volume 24.81% above its 15 day average * Created a base on base pattern * Was trading in a tight range earlier before the...
Base on Base formation VCP on 1 hour timeframe as well. Inisde day candle. Volume dry up on supply. Pivot buy at 239.5 Tight SL at 227 Publishing for my own referene. Not an investment advise.
* Great earnings * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector * U/D Volume Ratio of 0.85 (above 1 is preferred) * Upper base depth of 19.06% * Currently trading with volume 184.01% above its 15 day average * During the formation of the upper base it also created a cup and...
* Exceptional earnings quarter over quarter * Incredibly strong up trend over the long term * High 3-month relative strength of 2.87 in the Tech sector * Pays out dividends * Breaking out of a base on base pattern * First base lasted ~8 months before breaking out * Second base formed immediately after the breakout and has been forming for the past ~9 weeks *...
* Great earnings * Strong up trend * High 3-month relative strength of 3.72 in the Financial sector * Breaking out of a base on base pattern with higher than average volume * Broke out a few days ago but due to the market conditions it had a slight pull back to the breakout point Trade Idea: * If you don't mind a little volatility and want to catch the bigger...
* I last spoke about PAYX around mid October as it was breaking out of the $117.70 area. * Since then it has moved higher and began to consolidate forming a base on base pattern. * It recently had a pullback to the previous base resistance and used it as support to bounce back. * And it also held up very well during the general market correction. * Great...
* Great earnings * Strong up trend * Very high 3-month relative strength in the Healthcare sector of 10.44 * Trading at higher than average volume creating a pocket pivot * Trading in a tight range of ~5% range * Little to no overhead resistance * Has held up incredibly well during this correction with little to no downside at all. Trade Idea: * You can enter...
* Good earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a base on base pattern * The upper base was constructed over 6 weeks * Breaking out with a lot of volume (130.2% above the 15 day average) * The Real Estate sector has been consolidating in a very tight range for the past several weeks and is showing...