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CUP

KHC - good price actionKHC broke out of a 7 month cup formation on good volume, then went back to retest the breakup "neckline" which has proven to be a support so far. The odds are good that it will continue higher to an intial target of around $43.50 where it could face some resistence. Initial stop loss will be just a few ticks below the neckine support @ 38.12 p/s "cup" or "cup and handle" that formed after a prior uptrend has good odds of succeeding when it broke up on good volume. A retest of the neckline is also common and consolidated it as a new support level. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NASDAQ:KHCLong
by Juliac
RS - Bull FlagBroke up into ATH (All-time-high) on 28 Feb on strong volume. Have been forming a bull flag since. Buy the next break up of this bull flag as the momentum remains strong. p/s I may also attempt to buy if it retest the resistence turned support level around 179-179 with a tight stop loss slightly below the support. Theoretical "cup" target is around $221. Let's see if it is able to reach there. Protect with trailing stops or scale out along the way. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:RSLong
by Juliac
IPI - breakup imminent?After consolidating for the past 4 months, it is look closer to the breakup soon, hopefully with solid volme to carry it towards 68-70 eventually. Whether it can reach there remains to be seen. Scale out along the way and manage the rest of the position with trailing stops Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:IPILong
by Juliac
2
LVS - poised to break up soon?LVS has been forming a base pattern for the last 6 months and with RSI at 60 now, the odds of breaking above the neckline at 45.50 is looking good. Looking to long if it breaks above 45.50. A strong volume breakup will be a good sign that the trend could be sustainable with intial target of around 56.50. Initial stop loss @ 42.50. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:LVSLong
by Juliac
1
$VIAC 🐂When this cup is finally finished playing out. The target for Viacom should be between $45-$47. Not sure where the handle comes in yet and I don't want to make any assumptions so we will wait on that. This is looking healthy despite the current market conditions in my opinion because with life being so hectic and the limit to outdoor activities... television may be some of our only fun for the next few months... again! Viacom also inked a multimillion dollar deal with Comcast to extended some of their channel services to the company including BET+. NASDAQ:VIAC
NASDAQ:PARALong
by Riskitpaid
IOTA Enters Buy Zone after RestestIOTA is a great alternative to other assets associated with it that do not have good entries. Luckily I believe not only will IOTA print, but it gives great staking rewards as well. As you can see the RSI is just low enough to warrant a buy on the 1D chart. There is a large cup and handle pattern which produces a major target of around 3.9. However, I would not be surprised to see this go further once the market starts going. Anyways thanks again and tell me what you think! This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
6
BTC Long term ??As it is obvious we have been in bloody days since 9 Nov and made many people panic BUT.... BTC has been printing a massive Cup and handle since 14 april and exactly after we hit the ATH it began a correction ( for handle ) ! in case of breakout from the top the holder we slightly should hit 100K in terms of CUP targets Even though that we had a leg down now but its sitting at the support cluster of MA 100 on Daily chart + bottom of ascending channel and support zone ( yellow oval ) which i expect BTC to bounce from here and go for the breakout (handle of the cup) What you think about this analysis ? Feel free to talk in comment section below and make me right if im wrong
BITSTAMP:BTCUSD
by Sharifmoghadam
CRVUSDT Breakout and moves to TargetYet another example of an asset ready to move and helped by a little BTC push upwards. CRV was in a flagging pattern for awhile now and it was only a matter of time before it started to move towards the target. I think it still has a bit more juice in it before it starts to consolidate again before continuation. Once BTC gets going, its should head to the target without issue. This will likely create a small basing pattern and give us another smaller target. Thanks again everyone!
Long
by mysticalwalrus
13