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Pocketpivotanalysis

Pocket Pivots : USDJPYOne of the many continuation plays we can implement in a rally is pocket pivots. Pocket pivots is the current up day’s volume must be larger than any of the down volume days in the prior 10 days. Ideally pocket pivots occur 'before' the traditional buy signal to occur such as breakouts. In the chart examples, the first one is pocket pivot occur confluenced a bullish reversal pattern I personally call railroad due to its similar-ish size of the candlestick's body. Thats an ENTRY; signal The second example is pocket pivot occur inside a flat base. ENTRY; is at the open of the next day's candle, before the actual breakout of the base.
Education
by sufiansaid
Buying before the breakout : Pocket PivotABC is a company with good accelarated Earnings and good margins. The company is identified as tradeable via fundamental analysis/funadmental screening. Now whats left is when to get it. I wait for the price to break the 100-200 ema ribbon and make some kind of base/price structure around the area and see if there is a pocket pivot around/inside the base. Preferably before a breakout of the base (if a breakout candle coincide with a pocket pivot, thats okay too)
ALong
by sufiansaid
$STLD is pushing higher on the right side of its ~5 month base!Notes: * Very strong up trend on all time frames * Great earnings track record * Basing for the past ~5 months * Was rejected around the ~85.3 area and pulled back to its 20 day EMA * Now it's broken above that resistance level with high volume * Printed a pocket pivot indicating institutional demand * Seems to have also formed an inverse head and shoulders pattern * Showing lots of strength and accumulation Technicals: Sector: Basic Materials - Steel Relative Strength vs. Sector: 3.15 Relative Strength vs. SP500: 1.44 U/D Ratio: 1.75 Base Depth: 55.04% Distance from breakout buy point: -13.12% Volume 148.59% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking above resistance with volume * If you're looking for a better entry you may find one on the retest of ~85.3 * This stock usually has local tops when the price closes around 21.32% above its 50 EMA * Consider selling into strength if the price closes 21.12% to 21.52% (or higher) above its 50 EMA * The last closing price is 12.53% away from its 50 EMA
NASDAQ:STLDLong
by HaseebKhan_90
2
Can $SNPS continue to lead the tech sector?Notes: * Very strong up trend on all time frames * Amazing earnings track record * Basing for the past ~7 months while the Tech sector and the general market were getting hammered * Coming off of its 50 day line with higher than average volume * Coming up on the right side of its base * Offering a low risk entry * Showing tonnes of strength and signs of accumulation * Printed a pocket pivot indicating institutional buying Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 1.48 Relative Strength vs. SP500: 1.42 U/D Ratio: 1.61 Base Depth: 44.77% Distance from breakout buy point: -14.32% Volume 20.92% above its 15 day avg. Trade Idea: * You can enter now as it's just bouncing off of its 50 day line with higher than average volume * If you're looking for a better entry you may be able to find one around the $317.73 area * This stock usually has local tops when the price closes around 12.54% above its 50 EMA * Consider selling into strength if the price closes 12.34% to 12.74% (or higher) above its 50 EMA * The last closing price is 5.42% away from its 50 EMA
NASDAQ:SNPSLong
by HaseebKhan_90
Is $WWE offering a low risk early entry?Notes: * Strong up trend on all time frames * Great earnings track record * Consolidating for the past ~14 months * Now approaching resistance of its base * Bouncing off of its 50 day line with higher than average volume * Showing tonnes of relative strength and signs of accumulation * Printed a pocket pivot indicating institutional buying Technicals: Sector: Communication Services - Entertainment Relative Strength vs. Sector: 1.55 Relative Strength vs. SP500: 1.64 U/D Ratio: 1.62 Base Depth: 49.38% Distance from breakout buy point: -7.8% Volume 67.5% above its 15 day avg. Trade Idea: * You can enter now as it's just moving off of its 50 day line with higher than average volume * If you're looking for a better entry you might be able to find one around $63.18 * This stock usually has local tops when the price closes around 13.18% above its 50 EMA * Consider selling into strength if the price closes 12.98% to 13.38% (or higher) above its 50 EMA * The last closing price is 3.18% away from its 50 EMA
WLong
by HaseebKhan_90
$VRTX showing multiple signs of continuation!Notes: * Very strong up trend on all time frames * Great earnings track record since 2017 * Breaking out of a ~4 month base with higher than average volume * Printed a pocket pivot * And offering an early entry relative to its 50 day line * Breaking above a historical resistance of $290.48 with volume once again (Third time's the lucky charm? ;)) * Formed a relatively flat handle to the double bottom * Offering a low risk entry Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.32 Relative Strength vs. SP500: 1.16 U/D Ratio: 1.97 Base Depth: 24.6% Distance from breakout buy point: 0.03% Volume 8.7% above its 15 day avg. Trade Idea: * You can enter now as it's just breaking out of its double bottom base with higher than average volume and it printed a pocket pivot * If you're looking for a better entry you can look for one around the 290.5 area as that should hold as support * One thing to keep in mind is that there are two more historical areas of resistance that will come in the way before we hit the target * Look for confirming price action around those levels before adding to the position * Or, if we see lots of rejection around those levels, consider exiting the position earlier * This stock usually has local tops when the price closes around 11.93% above its 50 EMA * Consider selling into strength if the price closes 11.73% to 12.13% (or higher) above its 50 EMA * The last closing price is 6.9% away from its 50 EMA
NASDAQ:VRTXLong
by HaseebKhan_90
$WCC ready to go higher?Notes: * Great earnings in the recent quarters * Strong up trend in the long run * Price has been increasing along with volume * Breaking out of a ~7 month base with higher than average volume * Also breaking out with a pocket pivot Technicals: Ticker: $WCC Sector: Industrials - Industrial Distribution Relative Strength vs. Sector: 86.62 Relative Strength vs. SP500: 54.48 U/D Ratio: 1.05 Base Depth: 31.68% Distance from breakout buy point: 2.1% Volume 64.84% above its 15 day avg. Trade Idea: * You can enter now as the price just broke out of the base and is still close * If you're looking for a better entry you can look for one around the $139.2 area as that should serve as short term support * Manage risk accordingly
NYSE:WCCLong
by HaseebKhan_90
$ASH ready to move higher?Notes: * Great earnings track record * Very strong up trend * Pays out dividends * Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot Technicals: * Sector: Basic Materials - Chemicals * Relative Strength vs. Sector: 4.49 * Relative Strength vs. SP500: 6.32 * U/D Ratio: 1.38 * Base Depth: 29.41% * Distance from breakout buy point: 0.42% * Volume 205.16% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out with high volume * If you're looking for a better entry you can look for one around the $108.63 area * Manage risk accordingly
NYSE:ASHLong
by HaseebKhan_90
$SBLK ready to push higher after printing a Pocket Pivot?Notes/Thoughts: * Broke out of $29.87 once again this time with tonnes of volume and a printed a pocket pivot! * With increased hedge fund activity it makes sense to get in now * Has the relative strength and the UD Volume indicating that it's ready to move higher Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 11.25 * Relative Strength vs. SP500: 10.98 * U/D Ratio: 1.24 * Base Depth: 21.77% * Distance from breakout buy point: 1.98% * Volume 106.73% above its 15 day avg. Trade Idea * The idea here is to play the pocket pivot. * The pocket pivot seems to be valid as it's emerging from the 10/20 EMAs * This seems like a good entry as it broke out from $29.87 with tonnes of volume and we can expect it to continue higher * Managing risk tightly as I don't want to lose more than 4% on this trade * If you're looking for a better entry you can look for an opportunity around the $29.87 area and manage risk accordingly
NASDAQ:SBLKLong
by HaseebKhan_90
$WELL is one to keep an eye on!* Good earnings in the recent quarters * Very strong up trend on the monthly time frame * Very high 3-month relative strength of 14.02 in the REIT - Healthcare Facilities sector * Recently broke out of its all-time-highs from 2019 indicated by the red line at $84.63 * Retested previous all-time-highs as support for the past three weeks * Volume Profile showing tonnes of volume coming in between $81.22 and $87.55 and the PoC (Point of Control) being just around the ATHs from 2019 * Also printed a Pocket Pivot signal today with high volume Notes: * If this does pull back, I would expect the $84.63 area to hold as support as it was the previous all-time-high and also it's the PoC for the volume profile.
NYSE:WELLLong
by HaseebKhan_90
QCOM offering a Pocket Pivot entry in a base on base setup!* Excellent earnings * Very strong up trend * High 3-month relative strength of 4.43 in the Tech sector * Broke out of a 1 year base with tonnes of volume on earnings * Started to consolidate after the breakout in a tight 7-8 week range * Has a U/D ratio of 2.11, indicating that it's under accumulation Trade Idea: * You can enter on the closing price today as a pocket pivot signal. * If you're looking for a better entry you can wait for an opportunity near the $183.04 area * You can look to add to the position if the price makes a daily close above $191.30 Caution: * This is a pocket pivot signal and though there's little to no overhead resistance, the stock may not break out of the range immediately.
NASDAQ:QCOMLong
by HaseebKhan_90
CNQ indicating it's ready to move higher!* Great earnings with acceleration * On the longer time frames, it's mostly sideways but has started a new up trend * High relative strength in the Energy sector * Broke out of a ~4 month basing pattern before making the leg higher. * Consolidated in a tight range of 3.77% before breaking out again * Maximum probable ROI for this trade would be around 26.70% Trade Idea: * Now's the perfect time to get in as the price is still close to the broken range * Broke out with very high volume (178.08% of the consolidation average) * This can also be considered a Pocket Pivot breakout; indicating institutional interest
NYSE:CNQLong
by HaseebKhan_90
ISRG ready to break from the cup and handle?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Healthcare sector * Offering a pocket pivot entry with little to no resistance * Forming a text-book cup and handle pattern with a ~11% deep base * Base forming for the past ~10 weeks with a tight handle of ~3 weeks Trade Idea: * Now's a great time to enter on the pocket pivot signal and it's just before the breakout * Offering a great risk/reward ratio * If you're looking for a slight discount you can look for an entry near the $353.94 area * This would be its second attempt at breaking out. Notes: * The general Healthcare sector has been in a very tight consolidation for the past several weeks. * This seems to be a leader in the sector breaking out before its peers. Caution: * This is a pocket pivot signal and though there's little to no overhead resistance, the stock might not breakout immediately. * A daily close below $353.94 would negate this idea * Since there is some buffer room in the stop, we may be able to wait for two consecutive days closing below $353.94 before exiting.
NASDAQ:ISRGLong
by HaseebKhan_90
VEEV ready for another attempt to break out of a 16 month range?* Perfect earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Offering a pocket pivot entry near the resistance of a 16 month base * Looking at the monthly chart, the price used roughly the mid of that range ($279.39) as support before its previous attempt to break out. * Last month it used $279.39 as support again before moving higher. * The price is very close to its 10EMA on both the monthly and weekly charts indicating it's ready to move higher * Price and volume both in sync during the descending triangle consolidation indicated in white Trade Idea: * You can enter now as the increase in volume shows institutional interest * It's also offering a very attractive risk/reward ratio * If you're looking for a discount, you can look for buying opportunities near the $311.61 area (bottom of the descending triangle * The longer the base, the higher into space :p Caution: * This is a pocket pivot signal and though there's little to no overhead resistance, the price might not break out. * A daily close below the base of the descending triangle would negate this idea.
NYSE:VEEVLong
by HaseebKhan_90
2
HIW offering an early entry with a pocket pivot setup?* Great earnings * Strong up trend * High 3-month relative strength in the Real Estate sector * Pays out dividends very generously * Recently broke out of a multi-year range dating back to 2016 * Recently used the resistance of that range ($43.99) as support * Has been consolidating for the past ~6 months * Offering a pocket pivot entry with very high volume and little to no overhead resistance Trade Idea: * Now's a great time to get an early entry before the actual breakout. * If you're looking for a slight discount you can look for an entry near the $46.52 area as that should serve as support. Caution: * Pocket pivots do offer an early entry before the actual breakout and even though there's little to no overhead resistance, there's still a chance that it may not break out immediately.
NYSE:HIWLong
by HaseebKhan_90
BOX presenting a high probability setup!* Exceptional earnings year over year * Breaking out of its IPO base once again that dates back to 2015 ($24.73) * High relative strength in the Tech sector * In a very tight range for the past 3 weeks * Offering a pocket pivot with in the range just before the breakout * Maximum probable ROI would 21.65% Trade Idea : This is a great time to enter as it's just before the breakout A lot of things are lining up right now * Pocket pivot indicating institutional interest * Tight consolidation for the past three weeks * Very close to breaking out * Recently broke back above the IPO base * If you want to look for a discount you can look for buying opportunities near the $25.54 area
NYSE:BOXLong
by HaseebKhan_90
NXST offering a pocket pivot entry* Okay earnings * Steady up trend * High RS in the Communication Services sector * Trading in a tight range for the past ~9 months * Last couple of days picking up high volume Notes: * This is still trading n a range so be careful. It may continue trading in this range. * Pocket pivots indicate that the institutions are interested in the particular stock and are buying in to build their position. * Given the price action, if this breaks and closes above 157.45 it'll most likely try and break out of this range. * Level of support would likely be 147.14 from here.
NASDAQ:NXSTLong
by HaseebKhan_90
2
SYK offering a pocket pivot entry!* Excellent earnings * Very strong up trend * Very high 3-month relative strength in the Healthcare sector * Pocket pivot occurred on the right side of the basing pattern with high volume * Steady increase in price shows tonnes of institutional demand Trade Idea: * Now's the perfect time to get in as recent volume is indicating institutional interest * The entry from here has very little to no overhead resistance * Price closed above $274.69 which puts more probability in our favor of the price going higher * A daily close below $274.69 would expose $266.76 as the next level of support
NYSE:SYKLong
by HaseebKhan_90
PGNY showing a pocket pivot setup!* Excellent earnings * Very strong up trend * Extremely high 3-month relative strength in the Healthcare sector (110..69) * Pocket pivot occurred on the right side of the basing pattern with extremely high volume * Pattern shows tonnes of institutional demand * Maximum probable ROI for this trade would be around 33.75% Trade Idea: * Now's the right time to get in as the volume should continue to pick up * Best part about this trade is that there's barely any overhead resistance * The fact that the price closed above $62.50 indicates that it should continue going higher from here. * A breakout from $65.45 could send the price much higher!
NASDAQ:PGNYLong
by HaseebKhan_90
LXP breaking out of a tight consolidation with high volume!* Good earnings * Strong up trend * High relative strength in the Real Estate sector * Pays out dividends generously * Breaking out of a very tight 2.64% range with 104.98% higher than average volume. * This can also be considered a Pocket Pivot breakout Trade Idea: * Now is the perfect time to get in as the price is still very close to the broken range resistance. * It's also presenting a Pocket Pivot breakout which shows strong institutional interest in the stock
NYSE:LXPLong
by HaseebKhan_90