Get started

Breakoutsignal

Breakout trade in CWENClearway Energy (CWEN) is showing all the signs of a pending breakout move higher. The stock has formed a base from November to present with price action compressing and pullbacks getting shallower from left to right - a sign that supply is no longer coming to market as the market works through sell orders in the $37 - $38 range. CWEN is an alternative energy stock, and that sector is currently outperforming 95% of the market (ranked 8/197 in relative strength). This breakout could be part of a larger group move and an underlying theme I am seeing from potential leaders in the next bull market. The stock has formed a pivot over the last week and a half, trading in a tight 4% range. A move outside of this area could lead to a nice move higher as the stock releases its energy from a large base. Consider buying on a breakout above 38.30. And thanks to the tight pivot area, you can place a sell stop order at 36.30 to risk just 5% on the trade.
NYSE:CWENLong
by rossgivens
1
$FB - Bottomed out reversal play with +10% to 30% upsideTechnical Analysis Scenario 1 - Bullish Price has bottomed at $150 with a mean reversion play to $192-$230 depending on which resistance level holds above. Scenario 2 - Bearish The next few weeks will determine if we have a long entry above $170 (if price breaks above). If it resists at the $170 -$180 level then we have a continuation to $150 or a squeeze. Price Target Entry $170-$180 Target 1: $192 Target 2: $210 Target 3: $230
NASDAQ:METALong
by subtlepapi
$ACA - Reversal with +15% upsideTechnical Analysis (TA) Weekly bottomed out with crossover on RSI and William %R) Daily breakout has signaled a shift in momentum. However, there has been previous resistance at the 100EMA level so I expect this to come back down to EUR 9.2 for a higher low before a push upwards to $11 + Price Target Entry: 9.10-9.30 Target 1: 9.76 Target 2: 10.45 Analysts Target: 11.40 Fundamental Analysis (FA) Mediocre quality screen on financial metric. Strong earnings and dividends = key catalyst in this upward momentum.
EURONEXT:ACALong
by subtlepapi
2
TTM: breaking out of bearish channelTTM ( Tata Motors , Indian conglomerate): Nice set up here as we had a multi week bear channel and we're now breaking out of this channel, signalling a potential reversal to the upside. To maintain this reversal, the price will need to remain above the line of the bear channel which is now acting as support. Note that price could go up a bit and retest the breakout point before really taking off. I'm long with a stop at 26.19. All targets are on the chart. Two important targets are 29.13 which is the previous high, and 34.49. Trade safe.
TLong
by Elpidaldo
Sterling tools near its supply zoneStertools has been on a downtrend since 2018. The stock has made a double bottom and currently at the neck line which is very strong supply zone of 250rs-260rs which coincides with 38.2% fib level. If the stock manages to give a weekly closing above 250rs and sustains the same in the following week, we might see a big upmove in this stock. Keep this stock in radar for a good positional trade since volumes have increased in previous few weeks
NSE:STERTOOLSLong
by chartistamey
#QUANT $QNT with a HUGE breakout, what's next?BINANCE:QNTUSDT printed a good breakout on 4h timeframe what's next? if we want to place a long position, we should look for a breakout confirmation: if the price is going to retest the 66$ former resistance area succesfully (printing a bullish candle afterwards), we can target the $87 weekly resistance, or something a little closer to the current price if the scenario gets confirmed, these are the levels I'm watching: TP: 80 (next resistance zone) SL: 62 (just below the former resistance which should turn into new support) let me know if you found this idea helpful and if you are going to enter the trade! also dont forget to follow me, leave a like, and if you want to request a technical analysis , just comment the ticker of the cryptocurrency you want me to analyse down here!
Long
by opop777