Get started

Consolidation-breakout

WM showing signs to go higher* Great earnings year over year * Very strong up trend * Breaking out of a 6 week consolidation with higher than average volume ... roughly 37% higher * Broke resistance and retested it as support * Offering a pocket pivot breakout indicating that institutions are stepping in * Pays out dividends Trade Idea: * Now is the best time to get in as the price is still close to the breakout level and it's showing signs that institutions may be stepping in to buy * If you're looking for a slight discount you can look for an entry near the 156.60 area * A break below 156.60 would expose 154.26 as the next possible support. Note: * Given it's growth over the years and the fact that it pays out dividends, WM is also a great long term hold for your investment portfolio.
NYSE:WMLong
by HaseebKhan_90
MMC breaking out of consolidation!* Great earnings * Strong up trend * High relative strength in the Financial sector * Breaking out of a month long consolidation with higher than average volume * Pays dividends Note: * Earnings are coming up this week. Given it's past performance we can expect it'll have a good report and the price to go higher. Trade Idea: * You can enter now as indicated since it's still very close to the broken resistance * If you're looking for a discount you might find an entry near the 159.40 area
NYSE:MMCLong
by HaseebKhan_90
HZNP offering a pocket pivot setup!* Great earnings * Very strong up trend * Very high relative strength in the Healthcare industry * Has been consolidating since breakout * And now offering a pocket pivot setup. A pocket pivot setup is when the last day's volume is higher than any of the previous 10 days down volume. This indicates that institutions are stepping in and the price is expected to go higher. This is a high probability setup. Trade Idea: * You can get in as indicated * Or you can wait for a retest of 111.33 (may be unlikely since it's a pocket pivot setup)
HLong
by HaseebKhan_90
PAYX looking to go higher after finding new support.* Excellent earnings year-over-year * Very strong up trend * Breaking out of a ~2 month consolidation period with higher than average volume * Very strong Relative Strength in the Industrial sector * Recently broke resistance of 117.11 and retested it as support Trade Idea: * As always, if you don't mind a little volatility in the short term this is a great time to buy * If you're looking for a discount, you can look for an entry near the $117.10 area Note: * The bullish pin bar from October 13th shows that there's a lot of demand for it around the 117.11 area. The price moved higher after the 13th increasing in buying volume so this has a less probability of revisiting that area.
NASDAQ:PAYXLong
by HaseebKhan_90
HD breaking out!* Exceptional earnings year-over-year * Very strong up trend * Breaking out of a 5 month consolidation with slightly more volume than average * Pays out dividends with a Payout Ratio of 44.10% which means the company has more room for growth and potentially increase dividends as well. Trade Idea: * You can enter now as indicated if you don't mind a little volatility * Given that it only broke out with slightly higher than average volume, this may visit the 339 area before heading higher.
NYSE:HDLong
by HaseebKhan_90
#BTCUPDATE - 4.OCT.21 FAKEOUT & RETURN TO CONSOLIDATION#BTCUPDATE - 4.OCT.21 FAKEOUT & RETURN TO CONSOLIDATION A strong rejection at $49.2k brought the price directly back into the continued consolidation triangle and now back to awaiting which direction is going to be confirmed. Unfortunately an unfilled weekly pivot has a appeared that usually has a high chance of being filled - so it can be looking like a bearish break out at this stage. Some more positive news from the US government would certainly help sway things but right now not looking great. A break up of $48.5k will almost certainly take us to $50k and a break down of $47k can realistically take us to $45k. I would not be trading until confirmation of direction.
by Kryptochristian
1
BA Preparing for LaunchBA technical price analysis. Cup and handle on 1 D it is almost done consolidating (or may be done) for the big launch. Lost trend temporarily but is back in (as expected in the last post). I would love for it to hit the support and 50 MA about $220, but a target of $280 (resistance) or $320 if BA decides to follow trend. Fundamentally BA’s travel sector has better guidance with the vaccines. Well better guidance than in 2020 that’s for sure. This is not financial advice. This is for entertainment and personal case study reasons. It is posted just for enjoyment purposes. Do not take anything as any form of financial advice.
NYSE:BALong
by Urmomma
QCRH moving higher!* Good earnings quarter over quarter * Steady and general up trend * Recently broke highs from 2017 * Before breaking the highs from 2017 it consolidated for roughly 5 months close to resistance * After breaking the highs from 2017 it consolidated again for another 5 weeks creating a base on base pattern * Broke out of the 5 week consolidation with 88.74% more volume than average Trade Idea: * You can get in now as the breakout takes place with volume coming in * Or you can wait for a slight discount and enter around $52.10
NASDAQ:QCRHLong
by HaseebKhan_90
CIPLA as on 25.09.2021A GOOD UPTREND IN ONE DAY CHART!! AND A GOOD CONSOLIDATION IS BEING FORMED FROM AUGUST!! Wait for breakout of consolidation! If it breaks the resistance level that is 988 then wait for any short retest and can have a small target!! TARGET=1086/1100 STOP LOSS=921/930 And if it breaks the uptrend support line then do not buy as the stock can retest and go for filling gap which is at 542 level!! So wait for a true breakout and do check VOLUME!! And if breaks down then go for short trade in 15 min time frame !! 50 ema and 200 ema giving good support to stock!! Can check MACD for more confirmations! AND daily and weekly pivot are near our target !! So just wait for a true breakout!! (The above analysis is only for study purpose do not take it as any buy or sell call!!)
NSE:CIPLA
by shivamalang
FSV breaking out of consolidation* Good earnings quarter over quarter * Strong and steady up trend * Broke out of a 2 month consolidation with higher than average volume * Pays dividends with a Payout ratio of 21.10% the company has a lot more room to grow Trade Idea: * Broke out of consolidation with higher than average volume * Saw a tonne of selling pressure after the break but held the broken level as support * This may end up consolidating for a bit before moving higher but $191.20 should hold as support * Look for buying opportunities around the $191.20 area
NASDAQ:FSVLong
by HaseebKhan_90