Price Action As for now the Price is moving side ways forming a structure lets wait for valid Breakout and retest with strong conformation.
Trade safely my friends and let me know you views on this in comments.
Buysetup
Is $CAL ready to move higher after pulling back?Notes:
* Strong up trend since 2020
* Great earnings in the recent quarters
* Pays out dividends
* Creating a base for the past ~14 months
* Recently bounced from its 200 day
* Pulled back to its 50 day and is now showing signs of recovery with volume
* Historical resistance comes in around 29.85
Technicals:
Sector: Consumer Cyclical - Footwear & Accessories
Relative Strength vs. Sector: 2.83
Relative Strength vs. SP500: 3.88
U/D Ratio: 1.4
Base Depth: 66.55%
Distance from breakout buy point: -6.6%
Volume 27.64% above its 15 day avg.
Trade Idea:
* You can enter now since volume's coming in as it bounces from its 50 day line
* If you're looking for a better entry you can look for one around the 27.3 area as that would be ~50% of the bullish pin bar we got in the last session
* This stock usually has local tops when the price closes around 21.42% above its 50 EMA
* Consider selling into strength if the price closes 21.22% to 21.62% (or higher) above its 50 EMA
* The last closing price is 5.76% away from its 50 EMA
Giant golden cup with handleMega huge cup with handle which been forming for 11 years, expected massive move. this dump was just pure manipulation.
Can $SNPS continue to lead the tech sector?Notes:
* Very strong up trend on all time frames
* Amazing earnings track record
* Basing for the past ~7 months while the Tech sector and the general market were getting hammered
* Coming off of its 50 day line with higher than average volume
* Coming up on the right side of its base
* Offering a low risk entry
* Showing tonnes of strength and signs of accumulation
* Printed a pocket pivot indicating institutional buying
Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs. Sector: 1.48
Relative Strength vs. SP500: 1.42
U/D Ratio: 1.61
Base Depth: 44.77%
Distance from breakout buy point: -14.32%
Volume 20.92% above its 15 day avg.
Trade Idea:
* You can enter now as it's just bouncing off of its 50 day line with higher than average volume
* If you're looking for a better entry you may be able to find one around the $317.73 area
* This stock usually has local tops when the price closes around 12.54% above its 50 EMA
* Consider selling into strength if the price closes 12.34% to 12.74% (or higher) above its 50 EMA
* The last closing price is 5.42% away from its 50 EMA
Is $WWE offering a low risk early entry?Notes:
* Strong up trend on all time frames
* Great earnings track record
* Consolidating for the past ~14 months
* Now approaching resistance of its base
* Bouncing off of its 50 day line with higher than average volume
* Showing tonnes of relative strength and signs of accumulation
* Printed a pocket pivot indicating institutional buying
Technicals:
Sector: Communication Services - Entertainment
Relative Strength vs. Sector: 1.55
Relative Strength vs. SP500: 1.64
U/D Ratio: 1.62
Base Depth: 49.38%
Distance from breakout buy point: -7.8%
Volume 67.5% above its 15 day avg.
Trade Idea:
* You can enter now as it's just moving off of its 50 day line with higher than average volume
* If you're looking for a better entry you might be able to find one around $63.18
* This stock usually has local tops when the price closes around 13.18% above its 50 EMA
* Consider selling into strength if the price closes 12.98% to 13.38% (or higher) above its 50 EMA
* The last closing price is 3.18% away from its 50 EMA
$VRTX showing multiple signs of continuation!Notes:
* Very strong up trend on all time frames
* Great earnings track record since 2017
* Breaking out of a ~4 month base with higher than average volume
* Printed a pocket pivot
* And offering an early entry relative to its 50 day line
* Breaking above a historical resistance of $290.48 with volume once again (Third time's the lucky charm? ;))
* Formed a relatively flat handle to the double bottom
* Offering a low risk entry
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.32
Relative Strength vs. SP500: 1.16
U/D Ratio: 1.97
Base Depth: 24.6%
Distance from breakout buy point: 0.03%
Volume 8.7% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its double bottom base with higher than average volume and it printed a pocket pivot
* If you're looking for a better entry you can look for one around the 290.5 area as that should hold as support
* One thing to keep in mind is that there are two more historical areas of resistance that will come in the way before we hit the target
* Look for confirming price action around those levels before adding to the position
* Or, if we see lots of rejection around those levels, consider exiting the position earlier
* This stock usually has local tops when the price closes around 11.93% above its 50 EMA
* Consider selling into strength if the price closes 11.73% to 12.13% (or higher) above its 50 EMA
* The last closing price is 6.9% away from its 50 EMA
$EXLS is leading in the tech sector. Is it ready to go higher?Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Breaking above historical resistance of 145.21 with higher than average volume
* Very close to its 50 day line
* Offering a low risk entry
Technicals:
Sector: Technology - Information Technology Services
Relative Strength vs. Sector: 1.04
Relative Strength vs. SP500: 1.03
U/D Ratio: 1.38
Base Depth: 20.34%
Distance from breakout buy point: -5.99%
Volume 45.0% above its 15 day avg.
Trade Idea:
* You can enter now as it's breaking above historical resistance with higher than average volume
* If you're looking for a better entry you can look for one around the $143 area as that should serve as short term support
* This stock usually has local tops when the price closes around 10.77% above its 50 EMA
* Consider selling into strength if the price closes 10.57% to 10.97% (or higher) above its 50 EMA
* The last closing price is 1.9% away from its 50 EMA
$PFE is finding support at its 50 day line. Can it move higher?Notes:
* Strong up trend on all time frames
* Great earnings track record
* Building a base for the past ~7months
* Consolidating around its 50 day line with decreasing volume on the daily, weekly and monthly time frames
* This indicates that the buyers and sellers are agreeing on this price range
* Currently bouncing off of its 50 day line with higher than average volume
Technicals:
Sector: Healthcare - Drug Manufacturers - General
Relative Strength vs. Sector: 1.22
Relative Strength vs. SP500: 1.11
U/D Ratio: 1.65
Base Depth: 33.25%
Distance from breakout buy point: -14.42%
Volume 7.08% above its 15 day avg.
Trade Idea:
* This is offering a low risk entry
* You can enter now as the price is just bouncing off of its 50 day line with higher than average volume
* If you're looking for a better entry you can look for one around the 50.67 area as that should serve as support
* This stock usually has local tops when the price closes around 14.24% above its 50 EMA
* Consider selling into strength if the price closes 14.04% to 14.44% (or higher) above its 50 EMA
* The last closing price is 0.98% away from its 50 EMA
$CSL continuing to move higher!Notes:
* I last spoke about this a couple of days ago as it was bouncing off of its 50 day line
* Since then it has gaped up and is now breaking above the resistance level of $254.44
* It's still offering an early entry as it's still close to its 50 day line and trading above average volume
* Everything else remains the same from my previous post.
Technicals:
Sector: Industrials - Building Products & Equipment
Relative Strength vs. Sector: 1.39
Relative Strength vs. SP500: 1.43
U/D Ratio: 2.03
Base Depth: 17.07%
Distance from breakout buy point: -5.86%
Volume 3.18% above its 15 day avg.
Trade Idea:
* This is still giving a pretty low risk entry opportunity so you may look to enter now as it's breaking above the 254.44 level
$DLTR offering another chance before heading higher?Notes:
* I last spoke about this on July 6th, 2022 as it was coming up off of its 50 day line.
* Since then it has consolidated with lower than average volume (building a handle) and now it seems like it's ready to push higher as volume's coming in.
* It also printed a Pocket Pivot in the previous session indicating that it may be ready to go higher.
* Everything else is still the same as before.
Disclosure: I do have a position in this and am looking to add to it.
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 1.33
Relative Strength vs. SP500: 1.17
U/D Ratio: 1.24
Base Depth: 36.34%
Distance from breakout buy point: -3.21%
Volume 24.54% above its 15 day avg.
Trade Idea:
* You can enter now as volume's coming in
* If you want a better entry you can look for one around 166.1 as that seems like a pivotal area
* This stock usually has local tops when the price closes around 15.72% above its 50 EMA
* Consider selling into strength if the price closes 15.52% to 15.92% (or higher) above its 50 EMA
* The last closing price is 6.51% away from its 50 EMA
$CSL finding support at its 50day line. Can it move higher?Notes:
* Great earnings
* Very strong up trend on all time frames
* Pays out dividends
* Showing tonnes of strength and accumulation
* Basing for the past 4 months while the general market and the respective sector took a nasty hit
* Currently finding support at its 50 day line
* Printed a Pocket Pivot
Technicals:
Sector: Industrials - Building Products & Equipment
Relative Strength vs. Sector: 1.21
Relative Strength vs. SP500: 1.23
U/D Ratio: 2.04
Base Depth: 17.07%
Distance from breakout buy point: -7.58%
Volume 33.16% above its 15 day avg.
Trade Idea:
* You can get in right now as the price is finding support along its 50 day line and is currently bouncing off of it with higher than average volume
* If you're looking for a better entry you might find one around $245.3
* Or if you want a safe entry you can buy at the break above 254.44
* This stock usually has local tops when the price closes around 11.2% above its 50 EMA
* Consider selling into strength if the price closes 11.0% to 11.4% (or higher) above its 50 EMA
* The last closing price is 1.15% away from its 50 EMA
$ABBV looking to come up on the right side of its base!Notes:
* Great earnings track record
* Very strong up trend on all time frames
* Pays out dividends
* Coming up on the right side of its base after ~4 months
* Has been in a tight range of ~3.8% for the past 3 weeks
Technicals:
Sector: Healthcare - Drug Manufacturers - General
Relative Strength vs. Sector: 1.91
Relative Strength vs. SP500: 1.54
U/D Ratio: 1.76
Base Depth: 26.75%
Distance from breakout buy point: -13.75%
Volume 8.02% above its 15 day avg.
Trade Idea:
* You can get in now as the price is very close to its 50 day line and has been using it as support for the past 3 weeks
* If you want to be safe you can wait for the breakout from this tight range with a break above 154.07
* This stock usually has local tops when the price closes around 10.96% above its 50 EMA
* Consider selling into strength if the price closes 10.76% to 11.16% (or higher) above its 50 EMA
* The last closing price is 0.11% away from its 50 EMA
$JPM Technical Outlook - The Best Area for Long Term Buyers$JPM is slowly trading in really great areas for buys. If price gives the confirmation I am confident in getting into buys.
As always: Do your own research and backtest a strategy before applying a random stranger's markup. Stay save - Max Power
NYSE:JPM
$CEIX Broke out of its base since 2018! Can it go higher?Notes:
* Very strong up trend since October 2020
* Not the best earnings track record
* Broke out of its base that was forming since 2018 with higher than average monthly volume
* Retested that broken resistance several times on the monthly chart and bounced bullishly
* Formed a double bottom in the past couple of months
Technicals:
Sector: Energy - Thermal Coal
Relative Strength vs. Sector: 2.65
Relative Strength vs. SP500: 2.41
U/D Ratio: 1.17
Base Depth: 37.71%
Distance from breakout buy point: -5.22%
Volume 54.62% above its 15 day avg.
Trade Idea:
* Yesterdays session was quite bullish and isn't offering a low risk entry.
* Since the volume was high, we might be able to get in at yesterdays closing price and it may just move higher from here
* If you're looking for a better entry, the 54.04 area seems like a nice entry as it's a level of resistance that should act as support moving forward
* This stock usually has local tops when the price closes around 36.06% above its 50 EMA
* Consider selling into strength if the price closes 35.86% to 36.26% (or higher) above the 50 EMA...
* The last closing price is 14.44% away from its 50 EMA
$GPC looking to break out of its base! Notes:
* Very strong up trend on all time frames
* Great earnings in the recent quarters
* Coming up on the right side of its ~7 month base with higher than average volume
* Creating an ascending triangle pattern (bullish)
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.23
Relative Strength vs. SP500: 1.34
U/D Ratio: 1.34
Base Depth: 21.15%
Distance from breakout buy point: -3.31%
Volume 14.28% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just above its 50 day line and the price printed a pocket pivot
* If you're looking for a better entry you can look for one around the ~135.50 area
* This stock usually has local tops when the price closes around 9.65% above its 50 EMA
* Consider selling into strength if the price closes 9.45% to 9.85% (or higher) above the 50 EMA...
* The last closing price is 2.6% away from its 50 EMA
$CPRX coming up on the right side of its base!Notes:
* Strong up trend
* Not the best earnings
* Tested historical resistance of $6.17 around mid June
* Broke and retested historical resistance of $7.43 just recently
* Printed a pocket pivot and is still relatively close to its 50 day line
* The Healthcare sector is doing relatively well compared to others
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.77
Relative Strength vs. SP500: 1.41
U/D Ratio: 1.59
Base Depth: 38.68%
Distance from breakout buy point: -10.42%
Volume 62.59% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and the price is just bouncing off of historical resistance with higher than average volume.
* If you're looking for a better entry you can look for one around the $7.62 area
* This stock usually has local tops when the price closes around 21.31% above its 50 EMA
* Consider selling into strength if the price closes 21.11% to 21.51% (or higher) above its 50 EMA
* The last closing price is 8.25% away from its 50 EMA
$BOX seems to be recovering from its pullback?Notes:
* Steady up trend
* Great earnings track record
* Forming a cup and handle like pattern on the monthly time frame for the past ~4years
* Held up relatively really well while the tech sector was being destroyed
* Currently bouncing off its 200 day line and now its 50 day line
* Also forming an inverse H&S pattern and broke out of it
* Bouncing off its 50 day line with higher than average volume and printed a pocket pivot
* Historical resistance comes in around $29.79
Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs. Sector: 1.74
Relative Strength vs. SP500: 1.72
U/D Ratio: 1.0
Base Depth: 45.87%
Distance from breakout buy point: -17.22%
Volume 3.69% above its 15 day avg.
Trade Idea:
* You can enter now as the price just bounced off of its 50 day line with higher than average volume and also printed a pocket pivot.
* If you're looking for a better entry you can look for one around the $26.59 area
* This stock usually has local tops when the price closes around 15.27% above its 50 EMA
* Consider selling into strength if the price closes 15.07% to 15.47% (or higher) above its 50 EMA
* The last closing price is 2.86% away from its 50 EMA
NZDCHF LONGNZDCHF just begin a fresh up trend, creating a HH and HL and also there is a retest of the previous highs with engulfing 4H candle
AUDCAD Intraday LONG from Demand Zone!Welcome back! Here's an analysis of this pair!
**AUDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
$CNC ready to break out of its ~5 month basse?Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Building a base on base pattern
* Held up very well against the general market and its sector
* Recently bounced from its 50 day line
* Printed a pocket pivot with higher than average volume
* Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer
Technicals:
Sector: Healthcare - Healthcare Plans
Relative Strength vs. Sector: 1.15
Relative Strength vs. SP500: 1.1
U/D Ratio: 1.22
Base Depth: 18.61%
Distance from breakout buy point: -1.98%
Volume 39.0% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the 50 day line and just printed a pocket pivot
* If you want a better entry you can look for one around 86.8 as that should hold as support moving forward
* This stock usually has local tops when the price closes around 11.18% above its 50 EMA
* Consider selling into strength if the price closes 10.98% to 11.38% (or higher) above its 50 EMA
* The last closing price is 6.04% away from its 50 EMA
DOW set to rally into resistance as bulls take controlIn the short term the DOW is looking good and set for a run up to 32550. The longer term trend is still down so a lot of longer term bulls will still be wary as recent market moves are dominated by intraday traders.
