$CNC ready to break out of its ~5 month basse?Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Building a base on base pattern
* Held up very well against the general market and its sector
* Recently bounced from its 50 day line
* Printed a pocket pivot with higher than average volume
* Saw a lot of demand around the 50 day line a few days ago with a strong bullish hammer
Technicals:
Sector: Healthcare - Healthcare Plans
Relative Strength vs. Sector: 1.15
Relative Strength vs. SP500: 1.1
U/D Ratio: 1.22
Base Depth: 18.61%
Distance from breakout buy point: -1.98%
Volume 39.0% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the 50 day line and just printed a pocket pivot
* If you want a better entry you can look for one around 86.8 as that should hold as support moving forward
* This stock usually has local tops when the price closes around 11.18% above its 50 EMA
* Consider selling into strength if the price closes 10.98% to 11.38% (or higher) above its 50 EMA
* The last closing price is 6.04% away from its 50 EMA
Buysignal
CADCHF bullish setup.Hello traders,
After the price made a quarterly low and created a Bullish Order block ( BuOB) the price rallied up to form a breaker to indicate a change in the order flow.
This week, catch the lowest price possible so that we can continue going long.
Wait for the price to come to the level around 0.75125.
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$MUSA coming up on the right side of its base!Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Pays out dividends and has been increasing them recently
* Basing for ~4 months
* Held up incredibly well while the general market was taking a beating
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.92
Relative Strength vs. SP500: 2.38
U/D Ratio: 1.16
Base Depth: 19.38%
Distance from breakout buy point: -5.98%
Volume 2.99% above its 15 day avg.
Trade Idea:
* You can enter now as the price just tested its 50 day line as support and is now pushing higher with volume
* If you want a better entry you can look for one around the $241.94 area
* This stock usually has local tops when the price closes around 14.62% above its 50 EMA
* Consider selling into strength if the price closes 14.42% to 14.82% (or higher) above its 50 EMA
* The last closing price is 5.68% away from its 50 EMA
$XENE showing signs of going higher after a long consolidation!Notes:
* Strong up trend
* Okay earnings track record
* Consolidating for the past ~9months
* Bouncing from its 50 day line with bullish momentum
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 1.73
Relative Strength vs. SP500: 1.32
U/D Ratio: 1.97
Base Depth: 36.27%
Distance from breakout buy point: -1.16%
Volume 19.91% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to the 50 day line
* If you're looking for a better entry you can look for one around the $32.76 area as that seems to be a pivot
* This stock usually has local tops when the price closes around 33.16% above its 50 EMA
* Consider selling into strength if the price closes 32.96% to 33.36% (or higher) above its 50 EMA
* The last closing price is 10.55% away from its 50 EMA
Is $NVO ready to push higher on the right side of its base?Notes:
* Very strong up trend on all time frames
* Great earnings
* Pays out dividends
* Forming a base for the past ~8 months
* Testing the 50 day line as support for the past 4 sessions
* Bouncing off the 50 day line with higher than average volume and printed a pocket pivot
Technicals:
Sector: Healthcare - Drug Manufacturers - General
Relative Strength vs. Sector: 1.62
Relative Strength vs. SP500: 1.24
U/D Ratio: 1.02
Base Depth: 18.33%
Distance from breakout buy point: -8.94%
Volume 44.56% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just bouncing off of its 50 day line with tonnes of volume
* If you're looking for a better entry you might find one around the 110.5 area
* This stock usually has local tops when the price closes around 14.27% above its 50 EMA
* Consider selling into strength if the price closes 14.07% to 14.47% (or higher) above its 50 EMA
* The last closing price is 1.57% away from its 50 EMA
$CI looking to break out of its ~14month cup and handle!Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Pays out dividends
* Forming a cup and handle over the past ~14 months
* Bouncing off of its 50 day line with very bullish price action and volume
Technicals:
Sector: Healthcare - Healthcare Plans
Relative Strength vs. Sector: 2.7
Relative Strength vs. SP500: 1.65
U/D Ratio: 1.15
Base Depth: 43.95%
Distance from breakout buy point: -2.77%
Volume 2.78% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just bouncing off of it 50 day line with volume
* If you want a better entry you can look for one around the 262.8 area
* This stock usually has local tops when the price closes around 9.64% above its 50 EMA
* Consider selling into strength if the price closes 9.44% to 9.84% (or higher) above its 50 EMA
* The last closing price is 3.14% away from its 50 EMA
$DLTR ready to push higher?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 48.18% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just coming off of its 50 day line with higher than average volume
* If you're looking for a better entry you can look around the 162.13 area or around the 163.8 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 5.82% away from its 50 EMA
WallStreet-Trading: Buysignal AJG
The stock AJG on our US watchlist just broke out of a sound base and triggered a buy signal. We are adding a 1/4 position of AJG to our US model portfolio.
All stocks on our watchlist meet the criteria according to Mark Minervini's trend template and have sound fundamental data.
EUR/USDs potential bottom for the dayHey tradomaniacs,
market-depth so far looks like absoprtion is happening and bears are taking some of their profits after this strong move down.
Currently passive buying at the bottom plus stop-loss-hunting could push price up providing a nice opportunity to buy with a tight stop-loss.
AS ALWAYS - IT IS VERY RISKY to trade against the strong momentum to the downside!!
More risk-off in equities and things can quickly change. ;-)
And wait for momentum / Confirmations! Watching this level carefully
XAUUSD OLHC (BUYS) MONTHLY STRUCTURE (JULY 2022)XAUUSD OLHC (BUYS)
MONTHLY STRUCTURE
(JULY 2022)
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Monthly Structure for XAUUSD in the daily timeframe is OLHC (BUYS).
A support will be formed the minute TDI Priceline and bloodline cross.
Patience, Long term runner Tp must be set at the Daily Open 1807.002. Huge bullish divergence from the low of May 2022 till current market price July. Price is slowly getting into the BUY pressure zone. Waiting on a TDI cross to confirm the presence of BUYERS in Markets.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E