Buysignal
$LSTR is showing signs of moving higher from its cup and handle!Notes:
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
Can $WSC make new ATHs?Notes:
* Strong up trend on all time frames
* Beating its revenue expectations consistently
* Breaking out of a ~11 week base
* Pulled back to its 50 day line and has been moving higher since
* Offering a low risk entry
* Creating a base on base pattern and pulled back to the highs of the previous base
* Showing recent accumulation
* It's creating a cup like pattern and may pull back after reaching the $49 area to create the handle.
Technicals:
* Sector: Industrials - Rental & Leasing Services
* Relative Strength vs. Sector: 1.27
* Relative Strength vs. SP500: 1.68
* U/D Ratio(50): 0.61
* U/D Ratio(15): 1.1
* Base Depth: 12.15%
* Distance from breakout buy point: -2.35%
* Volume -12.69% below its 15 day avg.
Trade Idea:
* You can enter now as it's still moving higher, close to its 50 day line and offering a low risk entry around a support level.
* If you're looking for a better entry you may find one around the 47.6 area or the 46.9 area.
$PI pulled back to its 20 day line. Is it ready to go higher?Notes:
* Strong up trend on all time frames
* Great earnings QoQ
* Created a break away island on last earnings report
* Held the gap as support around 105.54
* Tried to break out of the base but pulled back to its 20 day line
* Offering an early entry as it's close to its 20 and 50 EMAs
* When I last mentioned this stock it was breaking out of a cup and handle (linked)
* Has been seeing recent accumulation
Technicals:
* Sector: Technology - Communication Equipment
* Relative Strength vs. Sector: 1.35
* Relative Strength vs. SP500: 1.81
* U/D Ratio(50): 1.25
* U/D Ratio(15): 1.39 <--- recent accumulation
* Base Depth: 22.25%
* Distance from breakout buy point: -0.36%
* Volume -29.91% below its 15 day avg.
Trade Idea:
* You can enter now as the risk is low and it's offering an early entry relative to its moving averages.
* If you'd like a better entry you can look for one around the 124.52 area as that should hold as support.
* Or you can wait for a clear break and hold above 129.02 with volume before entering
Is $ATKR ready to head higher?Notes:
* Very strong up trend
* Great earnings QoQ
* Basing for the past ~9 weeks
* Forming a cup and handle in this period
* Incoming volume
* Offering an early entry as it's still close to the 50 day line
* More buyers in the market recently
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 3.0
Relative Strength vs. SP500: 4.72
U/D Ratio(50): 1.19
U/D Ratio(15): 2.47
Base Depth: 81.04%
Distance from breakout buy point: -2.92%
Volume 7.67% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and is breaking above the resistance level of 123.53
* If you want a better entry you may be able to find one around the broken resistance area if it's retested as support.
* Or if it does pull back you may be able to find a better entry around $121.72
Dow Jones Dow Jones looks near to breakout zone can go long at current levels
Keeping sl at 33650
Tgt 34000 34400
Entering at a current level offering a good risk to reward ratio
Ask your financial advisor before buying
Only for educational purposes
Breakout above 34085
Quick setup on OIL; LONG.Quick technical setup on OIL .
Bounce from the H4 ichimoku cloud . TARGET: W1 KIJUN.
Additional confirmation from luxalgo indicators on D1 and H1; H4 begins to generate signal.
Breakout of the trend line on D1 and H1. In addition, on D1 there is a test of the trend line and closing of the price above. STRONG BUY.
Write by
Jarosław Dzwierzyński
@sapiensaureus
Manticore Investments
AUD/NZD Buy setup 200 pipsAfter a massive Selloff, we now seeing finally finding support and we begin the rally to upside, we see a nice respect of 61.8% fib level and breaking the neckline of of double bottom and massive bullish momentum which give as a nice confirmation for a nice continuation to -21% level
wait for a nice retest of the broken neckline for entry to upside
Follow me for more setup
BONE Countdown has BegunHello fellow traders!
Bone will be the gas of shibarium and the governance token of shib ecosystem..
But always remeber a good analysis have multiple variables (3 scenario: 1:The Bad/ 2: The Good/ 3: The Neutral)
this analysis have only the good (for now) ..
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
ADA IS BREAKING OUT !!!Hello Cardano community,
I have conducted a simple technical analysis of Cardano and have identified a significant development. The cryptocurrency has recently broken a downtrend line that had been in place for an entire year. This suggests that the market sentiment may be shifting from bearish to bullish, potentially signaling upside momentum for the asset.
Is now the perfect time to buy ADA?
I would appreciate any feedback or additional insights on this analysis. Let's discuss and stay updated on Cardano's progress.
BITCOIN LOOKING STRONG AF!The increasing volume is a clear indication that buyers are stepping in and pushing the asset up. And it's not just any buyers, it's miners! The Hash Ribbons indicator is flashing a buy signal, which has been a historical indication of miner capitulation and big bull runs in the past. This is a rare and powerful signal, one that we haven't seen in a while. The asset has also just broken out of a descending wedge pattern, further confirming the bullish momentum. All these signs are pointing towards a potentially massive price movement in the near future. Don't miss out on this opportunity, the time to act is now!
$XRP chart looking like 2017Ripple's chart is currently displaying a familiar pattern and appears to be on the brink of a historic breakout. The formation is reminiscent of the one seen in 2017, when the value of Ripple experienced a significant increase.
What are your thoughts on Ripple?
(No financial advice)
XAUUSD CUP N HANDLEThe Cup and Handle pattern is a bullish technical analysis pattern that is formed when the price of an asset creates a rounded bottom, followed by a small downward trend and then an upward trend that forms the handle. This pattern is considered bullish because it suggests that the asset is in a long-term uptrend and that the downward trend following the rounded bottom is a temporary correction before the price continues to rise.
In the case of the XAUUSD gold chart, the Cup and Handle pattern suggests that there may be upward momentum in the price of gold . The minimum price target for this pattern is calculated by taking the highest point of the handle and adding it to the highest point of the cup. This gives a minimum target of 2800 USD for the price of gold .
However, it's worth noting that technical analysis should not be used in isolation when making investment decisions. It's important to also consider fundamental factors such as economic conditions and market sentiment, as well as risk management strategies. Additionally, it's always important to have a stop loss in place in case the price doesn't reach the expected target.
This analysis is not financial advice.
SOLANA 30$ CONFIRMED Recently, we've been seeing a lot of bull move on solana. From $9 - $13 and it is presently trading at $25. According to my analysis using key Fibonacci levels of 0, 0.23, 0.618 and 1.0. Solana has consolidated from this levels. Initially Solana was to experience strong price consolidation at 19$ level but the bull rally was much more stronger which eventually made Solana drop extensively from 25$ to 20$ level by mitigating the previous $19 level and 0.618 Fibonacci. This has made more confirmation after Solana pull back up and broke the 25$ level recently and having proper consolidation as expected. So now we are targeting 30$ at this moment at 1.618 Fibonacci level.
I'm buying Solana at this present $25 level. Let me see what you suggest from the comment below 🙂