Get started

Cupandhandlebreakout

$MATX breaking out of a base on base pattern!* Great earnings * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 2.73 in the Industrials - Marine Shipping sector * U/D Volume Ratio of 0.85 (above 1 is preferred) * Upper base depth of 19.06% * Currently trading with volume 184.01% above its 15 day average * During the formation of the upper base it also created a cup and handle pattern * And is now breaking out with tonnes of volume. Warning: * Given the current market conditions, it's considered better to sit in cash and wait for the general conditions to stabilize. Trade Idea: * Now's a great time to enter since the price is really close to the broken level. * If you're looking for a better entry, you can look for an entry opportunity near the $91.49 area. * Consider keeping a tight stop since the general market conditions are unfavorable and also consider booking profits early for the same reason.
NYSE:MATXLong
by HaseebKhan_90
$SNDR to head higher after breaking from cup and handle?* Great earnings quarter over quarter * Breaking out of IPO base (also shaped like cup and handle on the monthly chart) * Very high 3-month relative strength of 8.43 in the Industrial sector * Breaking out of an 18 month base with higher than average volume that recently created a cup and handle * The red horizontal line indicates previous all time highs which was retested as support just recently Trade Idea: * Now's a great time to enter as the price is very close to the broken level. * Due to current market conditions I wouldn't be surprised if we break back below $26.91 to around $26.52 before heading higher.
NYSE:SNDRLong
by HaseebKhan_90
SHARDACROPCHEMThis stock has formed cup and handle pattern with accumulation since 3 years, Now it's a verge to break the resistance trendline which is top of the cup and handle chart pattern, breaking above 375 can be a good impulse beginning towards north. One can go Long on only closing above 375. Key Levels are Mentioned on chart Cup and handle pattern Macd in monthly bullish and Uptick Macd in weekly positive crossover and Uptick and also above zero line Macd in daily positive Rsi in Weekly Uptick and also Breakout Rsi in daily Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
NSE:SHARDACROPLong
by RK_Chaarts
WY breaking out of an 8 month base!* Great earnings * Very strong up trend in the long term * High 3-month relative strength of 1.12 in the Real Estate sector * Pays out dividends * Breaking out of a ~8 month cup formation with a depth of ~25.94% * Attempted to break out a couple of weeks ago but due to current market conditions it had a slight pull back and now is breaking out once again. * Maximum probable ROI is ~25.94% Trade Idea: * You can enter now at today's close if you want to stay in the market. * Due to uncertain conditions it's better to enter with a small position if not in cash. * If you're looking for a better entry, you can look for an opportunity around the $40.54 area.
NYSE:WYLong
by HaseebKhan_90
2
CTVA breaking out of an 8 month cup and handle?* Exceptional earnings * Very strong up trend * High 3-month relative strength of 1.24 in the Basic Materials sector * Pays out dividends and two quarters back it increased its dividends * Breaking out of a cup and handle pattern * Also offering a pocket pivot entry * Base of the cup is ~8 months long and ~17.6% deep * The stock is relatively new and this is it's 2nd stage base Trade Idea: * You can enter now as it's just breaking out of the handle and is offering a great risk/reward ratio
NYSE:CTVALong
by HaseebKhan_90
BNS breaking out of a cup and handle!* Great earnings * Strong up trend * High 3-month relative strength of 3.06 in the Financial sector * Breaking out of a cup and handle pattern with 24.59% higher volume of the 15 day average * Base of the cup is ~21 week with the handle lasting about 4 weeks * Also created a double bottom during the base Trade Idea: * Given the setup, now would be a great time to enter as the price is still very close to the broken resistance. * If you're looking for a slightly better entry, you can look for buying opportunities between the $66.50 and $67.25 area. Caution: * A daily close below $66.48 would negate the idea.
NYSE:BNSLong
by HaseebKhan_90
4
SSNC is one to keep an eye on!* Excellent earnings and accelerating * Very strong up trend since inception * High 3-month relative strength in the Tech sector * Breaking out of a ~5 month base creating a cup and handle pattern * Depth of the cup is ~15.5% * Breaking out with higher than 15 day average volume Trade Idea: * Given the current market conditions you can open a small position with a hard stop. * Also, given the market conditions, I wouldn't be surprised if this comes down to $78.55 area * If you're not entering now, this stock is one to keep on your watchlist for when you do decide to jump in.
NASDAQ:SSNCLong
by HaseebKhan_90