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Resistancebecomesupport

INFO consolidating above broken resistance!* Excellent earnings year over year * Strong up trend * Broke out of a month long consolidation * Consolidating right above broken level with higher than average volume * Minimum probable ROI of 6.03% if the trade goes in our favor * Given the established up trend it will most likely be more than that Trade Idea: * Now is the perfect time to get in and ride the next leg higher * However, if you are looking for a discount, the price may visit the $119 area once more before heading higher! Note: * This is a long term hold given its growth * And it pays out dividends with a Payout ratio of 45.40% which means the company has a lot of room for growth and possibly increasing dividends in the future!
ILong
by HaseebKhan_90
NFLX setting new support levels?* Relatively strong earnings quarter over quarter * Strong up trend * Broke out of a 14 month consolidation with higher than average volume * Creating a new base above broken level of $593.29 * Minimum probable ROI of 28.03% if the trade goes in our favor Trade Idea: * Now would be a great time to get in on NFLX as it's creating a new base right above the broken level. * $593.29 is expected to hold as support * A break below that would make $575.37 a nice entry if you're looking for a discount. * Worst case scenario we could see a low of $558.30 which would be the last level of support before further downside.
NASDAQ:NFLXLong
by HaseebKhan_90
WRLD to move higher?* Relatively stable earnings * General up trend * Broke out after 2 months of consolidation with higher than average volume * Price consolidating above broken level of 192.56 * Recently used 2019 highs of ~174.15 as support Trade Idea * The price will either consolidate here or revisit the 189.60 area before moving higher. * If you're looking for a discount, you can look for buying opportunities around the $189.60 to $190 area * Or you can get in now and experience some downside before heading higher.
NASDAQ:WRLDLong
by HaseebKhan_90
MIME, new all time highs.MIME broke out of the late 2020 to early 2021 resistance of $59.24. It has been beating its earnings expectations consistently with only a few misses and is expected to do even better in the coming year. Looking at the long term price action of MIME, it's on a steady up trend. I think MIME may consolidate a bit, testing the broken resistance as support, before moving higher. Trade Idea Look for buying opportunities around the $59.24 area if you're looking for a small discount. Otherwise, you can get in now and ride the wave!
MLong
by HaseebKhan_90
LSCC broke resistance and looking to move higher!LSCC (Lattice Semiconductor Corporation) showing signs of going higher. It recently broke out of the ascending triangle resistance around $58.38 but not with more volume than average. Fundamentally: The company's been doing pretty well with its earnings growing consistently year-over-year. Looking at technicals I think the price will go sideways in the coming week and may retest the $57.60 to $58.38 area as support before moving higher. Generally I think this is a good long term hold as well since semiconductors are used everywhere. If this breakout plays as expected the target price would be around $77.75
NASDAQ:LSCCLong
by HaseebKhan_90
LSCC forming an ascending triangle!LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle. As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as support. Semiconductor stocks are hot right now and with earnings coming up LSCC may be making a break for it sooner rather than later. Fundamentally: * LSCCs earnings per share is expected to grow over the coming year * It has been performing really well with an 83.63% growth over the past year. Technically: * Seeing the rejection from its highs, it seems like the stock may revisit the $55 or $55.40 price before making higher moves. So look for buying opportunities in that range if you're looking for a discount. * If discounts aren't your thing, look for a buying opportunity following a daily close above $58.38 * On the contrary, a close below $55 could send the price lower to retest the support of the ascending triangle. Which would be an even better discount given how well semiconductor stocks are doing. Target: * If the pattern confirms and the breakout takes place, the target for this break would be in the $77.60 area.
NASDAQ:LSCCLong
by HaseebKhan_90
WMS finally broke... but can it hold?I last discussed this July 1st, 2021. I mentioned how I thought this would come back and retest the $114 area. Since then it's given multiple buying opportunities around $114 and now it has finally broken out. Question now is, can it hold? WMS has broken out of the resistance zone of $117.90 with relatively more volume but I still think it's not enough. Trade idea: * WMS may come back to retest the $117.90 area and consolidate there for a bit before moving higher. * Look for buying opportunities around the $117.90 area. Notes: * In general WMS has been performing really well and is in a general up trend. * With a payout ratio of 13.70% WMS makes sure it has more than enough capital for further growth and increase its dividends over time. This is a GREAT long term buy and hold for your portfolio!
NYSE:WMSLong
by HaseebKhan_90
COST broke out of a long term resistance. Can it hold?It's been a few days since COST broke out of the long term resistance of $389.58 that was forming since November 2020. The question now is, can it hold? Two reasons why I think it can. 1. It consolidated after a move higher and made a new 52 week high 2. Its expected to do well in the coming year. Now, looking at its past performance I think COST will come back to retest the $387.60 to $389.58 range before moving higher. The main reason why I think this is because the breakout didn't have a large amount of volume kicking it higher; and because the follow through also doesn't have a lot of volume. Final thought: COST did break and I think it'll continue to move higher but not before retesting the broken resistance. This is one to keep an eye on for sure.
NASDAQ:COSTLong
by HaseebKhan_90
XLM Next target 0.45!I have predicted before that XLM will reach 0.4 and it well did. The price action has been respecting an upward channel for the last months. Next potential target now is 0.45$. The price action broke through the median channel and through a strong resistance zone which can act as a support if the candle closes above it. After that we can expect a pullback to 50% level of Fibonacci (a previous resistance 0.35-0.36$) before going bullish towards 0.45$. The 21 EMA has been acting as a good dynamic support since 21 January and moving averages in general are well spread and going long.
KRAKEN:XLMUSDLong
by rodrader