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ULTA looking to make new all time highs!ULTA (Ulta Beauty, Inc) is testing resistance around the $355 area that dates back to mid 2019. Fundamentally, * It's undervalued with a PEG of 0.77 * Its earnings per share is expected to grow over the coming year. Technically, * General up trend * Beta > 1 (following the general market trend) * Broke above the resistance of $315 that dates back to 2017 and retested it as support * It's approaching and testing resistance that dates back to 2019 and is looking to break through Final thoughts: * This is a good long term hold as the company is generally doing really well. * It's currently undervalued, meaning it's actually worth more than the current price. * Now would be a good time to get in if you're looking to hold this for the long term. * If you're looking for a discount, look for buying opportunities around the $340 area * If the price closes below $340 then look for buying opportunities around the $330 area. Alternatively, if you like to buy high and sell higher, you can look for the price to make a weekly close above $355.36.
NASDAQ:ULTALong
by HaseebKhan_90
BTC/USD any pullback is a buyHi followers, BINANCE:BTCUSD is up about 10% last week. Are we forming a new uptrend? What do you think? While the bitcoin stays above 40,000$, any move down should be considered as a buying opportunity. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
BINANCE:BTCUSDLong
by FradkinXBT
JBL approaching resistance that dates back more than a decade!JBL, an electronic components company, is approaching resistance that dates back to more than a decade! This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon. Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week. Trade idea: * Look for a weekly break and close above $59.88. Getting in before that may be a bit more risky since this may act as a strong selling point.
NYSE:JBLLong
by HaseebKhan_90
CMCSA trying to break out!CMCSA has been forming an ascending triangle since March of 2021. With a Beta of over 1, the clear up trend on the weekly and even monthly makes sense. With a Payout of 36.80% CMCSA guarantees a lot of room for growth and further dividend increases as well. Technically: * Looking at the price action over multiple time frames it seems like CMCSA may be breaking out in the coming week. Trade Idea: There are a few things you can do to enter this trade. * You can enter now before the breakout. This would give you a nice return. * It may dip a bit before trying to break resistance again so you can look for buying opportunities around the $57 area. * Or ultimately you can wait for a clear break of this resistance before entering. ** The measured objective (target) for this pattern break out would be in the $65.78 area Regardless of what you choose CMCSA is a great long term hold and is positioning itself for a move higher.
NASDAQ:CMCSALong
by HaseebKhan_90
INVH consolidating again before the next move higher?Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break. Now that volume is slowing down, it seems like INVH is in consolidation mode again. Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support. Thoughts: * Volume is relatively calming down * Seems to be consolidating before the next move higher Trade idea: * Look for buying opportunities around the $39.40 to $39.50 area OR * Wait for a break and close above $40.20
NYSE:INVHLong
by HaseebKhan_90
Will AMAT break the terminal pattern extending from March?AMAT is in a coiling pattern that extends from March 2021 and may be looking to break out now. Fundamentally: * AMATs sales growth quarter-over-quarter has been more than 30% * Its EPS is expected to grow over the coming year Technically: * AMAT is in a pennant pattern indicated by the white trend lines * Recently broke back above a resistance of $135.34 which should now serve as support * Is approaching a confluence of resistance at $142.12 Trade idea: * AMAT is approaching a confluence of resistance around the $142.10 area * Expect selling pressure around there * Expect the $135.30 area to serve as support * Look for buying opportunities around the $135.30 area OR * Wait for a daily break and close above $142 as a confirmation Notes: * A break and close below $135 would make $130 the next support level and a break below that could send the price to the bottom of the pattern * A break above $142 can be expected in the coming week * However, this may continue coiling using 135.34 as support and the white trend line as resistance until earnings
NASDAQ:AMATLong
by HaseebKhan_90
WMS finally broke... but can it hold?I last discussed this July 1st, 2021. I mentioned how I thought this would come back and retest the $114 area. Since then it's given multiple buying opportunities around $114 and now it has finally broken out. Question now is, can it hold? WMS has broken out of the resistance zone of $117.90 with relatively more volume but I still think it's not enough. Trade idea: * WMS may come back to retest the $117.90 area and consolidate there for a bit before moving higher. * Look for buying opportunities around the $117.90 area. Notes: * In general WMS has been performing really well and is in a general up trend. * With a payout ratio of 13.70% WMS makes sure it has more than enough capital for further growth and increase its dividends over time. This is a GREAT long term buy and hold for your portfolio!
NYSE:WMSLong
by HaseebKhan_90
ACC challenging 2019 highs with high volumeACC is currently challenging 2019 highs. July 20th 2021 printed a bullish engulfing candle and now volume is kicking in. Notes: * Earnings per share is expected to increase over the coming year. * Making new 52 week highs * Increasing volume coming in near resistance. Trade idea: * Look for a weekly close above $50.94 before entering * A rejection from $50.94 could send the price to $50.30. So, if you're looking for a discount that would be a nice place to enter. * Target for this would be the all time highs from 2016 of $54.43
ALong
by HaseebKhan_90
XAUUSD a bullish movement is highly possibleBased on the chart, price reached a major resistance area and then is strong rejection is about to happening. This rejection can be a good confirm of strength in buyers at this area and on the other side we can see the weakness on sellers. So Based on this scenario I opened a buy position with a good risk reward ratio which is about 1:4. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
FOREXCOM:XAUUSDLong
by Brian_Philips
WMS poised for breakoutLooking at the weekly or even monthly charts you can see that the company is consistently doing really well. Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout. The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company. However, I do think that WMS may come back to retest the $114 to $115.25 area before going for the breakout. Final notes: * Solid up trending stock * Ready for breakout given the buying pressure * If you want to get in early (before the breakout), look for buying opportunities around the $114 to $115.25 range * If you want to be conservative, wait for a break and close above the all-time-high of $117.89 * Great for long term hold as it gives dividends as well.
NYSE:WMSLong
by HaseebKhan_90
STOR making higher moves to challenge all-time-highs!STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another. The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since. Now the price is challenging $36.40 which served as support for 5 months before the 2020 crash. The price did break above $36.40 and if the price makes a weekly close above $36.40 we may be looking at a run at the all-time-highs of $40.78. A run at the all-time-highs wont happen over night. It may take weeks or even months to get there but until then we'll ride the wave. Trade idea: * Wait for a weekly or monthly close above 36.40 as a confirmation. OR * Wait for the break but also wait for a retest as a show of confirmation that the price wants to go higher
SLong
by HaseebKhan_90
PYPL looking to break all-time-highs?PYPL made a new all-time-high in February of 2021 and now it's looking to make new all-time-highs. Fundamentally: * Sales growth quarter over quarter is more than 30% * Earnings-per-share expected to grow +5% over the next year Technically: * Beta score of over 1 * General up-trend * In rage from year-to-date * Found new support at $289.46 * Steady volume as it makes new support Trade Idea: * Look for buying opportunities near its new support of $289.46 * A break below that, $277.87 should hold as support since it's acting a pivot OR * Wait for a weekly close above $309.14 to confirm the break
NASDAQ:PYPLLong
by HaseebKhan_90
1
GBPUSD Good buy opportunity!Based on the chart, price have reached a major support area and a false breakout have happened. Also based on this false breakout we can conclude that there is strong demand at this area which can be good sign of buyers strength. Even more based on candlesticks, we can notice a good bullish Engulfing formed here 3 days ago while we can see no sign of sellers power. So based on this scenario I opened a buy position with a great risk reward ratio which can be about 1:4. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
XAUUSD Good opportunity for buyers!Based on the chart, a resistance area is broken and after a while price dropped on this zone which acts as support right now, and a good rejection is about to happening. So this rejection can be a good sign of the strength of buyers and on the other side, the weakness of sellers at this area. So based on this scenario I opened a buy position with a low amount of risk and good reward potentiality which is about 1:3.5 Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
FOREXCOM:XAUUSDLong
by Brian_Philips
AUDUSD Good buy opportunity!Based on the chart, price showed a major support area in previous days and this zone rejected the price from getting lower in some days but finally this support area broke at 3rd of June and we can see a perfect rejection of price at 4th of June. So we can easily conclude that a false breakout have happened at this point(Or it shows that the market didn't accept the lower price which can be a good sign of bullish market!). Therefore based on these scenarios I opened a buy position (as it presented on the chart) with a good amount of risk reward ratio(about 1:3). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
XAGUSD good buy signalBased on the chart, recently price broke a major resistance area and a pull back is completed. Also a good support of buyers is observable at this chart which leads me to be buyer on pullback situations. So based on this scenario and what is happening on the chart, I opened a buy position with a good risk reward ratio (1:2.5) and will keep it for the following days. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
FX:XAGUSDLong
by Brian_Philips
EURGBP good opportunity for buyersBased on the chart the major movement of price is following the uptrend. Also in the previous days we have face a good drop at these currency pairs. But the rejection of price from getting lower happened recently and it can be a good sign to of the strength of buyers at this area. Therefore the weakness on sellers and the strength of buyers at this area, can provide a good trading opportunity for buyers. So I opened a buy position as it is shown on the chart with a low and probability of good reward which is about 1:3. Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
Long
by Brian_Philips
2