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Resistancebroken

$AFG is leading the financial sector. Is it ready to go higher?Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Breaking out of a base on base pattern of around 8 months * Held up incredibly well as the general market and the financial sector were taking a beating Technicals: Sector: Financial - Insurance - Property & Casualty Relative Strength vs. Sector: 1.15 Relative Strength vs. SP500: 1.16 U/D Ratio: 0.95 Base Depth: 22.15% Distance from breakout buy point: 0.44% Volume 9.09% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out of its base and is still very close to its 50 day line. * If you're looking for a better entry you can look for one around $136.75 * This stock usually has local tops when the price closes around 15.82% above its 50 EMA * Consider selling into strength if the price closes 15.62% to 16.02% (or higher) above the 50 EMA... * The last closing price is 5.02% away from its 50 EMA
NYSE:AFGLong
by HaseebKhan_90
3
ALPHAUSDT is testing the resistanceThe price got the liquidity below the triangle, and now the market is testing the dynamic and static resistance below the 0.5 Fibonacci level, it's a key level. How to approach it? The price needs to create a new Higher High from here, and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
$UCO ready to go higher after retesting broken resistance?Notes: * Strong up trend due to macro situations * Printed a Pocket Pivot as it bounced off of broken resistance * Looks good on multiple time frames Technicals: Sector: Exchange Traded Fund Relative Strength vs. Sector: 3.02 Relative Strength vs. SP500: 4.05 U/D Ratio: 1.62 Base Depth: 56.08% Distance from breakout buy point: 4.42% Volume 37.69% above its 15 day avg. Trade Idea: * You can enter now as the price just bounced off of the broken resistance with higher than average volume * If you're looking for a better entry you look to buy around the $52.20 area * Manage risk accordingly
AMEX:UCOLong
by HaseebKhan_90
CTKUSDT is testing the monthly resistanceThe price is in consolidation phase above the daily support and below the monthly resistance (0.89) The price got rejections from 0.95$ from the supply zone. How to approach it? IF the price is going to have a breakout from the monthly resistance and 4h resistance and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
16
$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 $108.63 area * Manage risk accordingly
NYSE:ASHLong
by HaseebKhan_90
ETHUSDT is testing the 4h resistancesthe price tested the monthly support where the market got new liquidity as I told you in my previous idea. Now the price is testing the 4h resistances, as you can see on the left, the price has several structures on that area. How to approach it? The price needs to create a new breakout from it, and retest the 2k resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
22
ETHUSDT is testing the resistance. ready for the breakout?The price got liquidity from the monthly support as I told you in my previous video. the monthly is an important key level on 1700$. Now the price is testing the 1925$ resistance where the price bounced several times it means that this level is so important for the market. How to approach it? The price needs to have a new breakout from the level, thus, the price could retest the previous resistance as new support on 0.618 Fibonacci level, in order to get new liquidity for the next bullish impulse. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
18
ETCUSDT is testing the 4h resistanceThe price bounced exactly in the 1.127 Fibonacci Extension on 17.25$ and the market started with a triangle on 4h timeframe. now the price is testing the 4h resistance at 24.5$ where the price got a rejection a few days ago. How to approach it? the price needs to have a new breakout from the resistance and retest the resistance as new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
$MUSA breaking a ~5week base. Can it move higher?* Very strong up trend since inception * Great earnings in the recent quarters * Breaking out of a ~5week base * Pays out increasing dividends * Has lots of accumulation indicated by the U/D Ratio Technicals: Sector: Consumer Cyclical - Specialty Retail RS vs. Sector: 2.7 RS vs. SP500: 6.71 U/D Ratio: 1.66 Distance from breakout buy point: 0.17% Volume 9.58% above its 15 day avg. Trade Idea: * You can enter now as the price is just above the broken resistance * If you're looking for a better entry you can look to buy around the $245.9 area as that should serve as a short term support
NYSE:MUSALong
by HaseebKhan_90
$AVD breaking out of its ~14 month base * Broke its historical resistance of $23.55 which dates back to 2006 with tonnes of volume behind the move Technicals: * Sector: Basic Materials - Agricultural Inputs * Relative Strength vs. Sector: 52.33 * Relative Strength vs. SP500: 8.92 * U/D Ratio: 1.61 * Base Depth: 71.26% * Distance from breakout buy point: 2.35% * Volume 196.27% above its 15 day avg. Trade Idea: * You can enter now as the price is really close to the broken resistance of $24.25 * If you're looking for a better entry you can look to enter around the $23.85 area or even a retest of $23.55 seems likely. * A retest of this area ($23.55 to $23.85) would indicate that buyers are willing to push the price higher. * Next historical resistance comes in around $27.9
NYSE:AVDLong
by HaseebKhan_90
$BPT breaking out of a one month base!* Strong recent up trend * Breaking out of a one month base * Pays dividends * Price looks good on all time frames. Technicals: * Sector: Energy - Oil & Gas Refining & Marketing * Relative Strength vs. Sector: 2.07 * Relative Strength vs. SP500: 6.83 * U/D Ratio: 1.25 * Base Depth: 32.41% * Distance from breakout buy point: 1.92% * Volume 14.33% above its 15 day avg. Trade Idea: * You can enter at yesterdays closing price as it's close to the broken resistance. * If you're looking for a better entry you might be able to catch a bid around the $17 area * Target for the trade is a historical level of resistance around the $19.2 area
NYSE:BPTLong
by HaseebKhan_90
$DSX breaking out of a ~8 month base! Can it go higher?* Steady up trend over the past two years * Consolidated for about 8 months * Formed a cup and handle pattern * Now breaking out of the cup base Technicals: * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 20.4 * Relative Strength vs. SP500: 18.49 * U/D Ratio: 1.38 * Base Depth: 82.07% * Distance from breakout buy point: 0.33% * Volume 73.26% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out of its base * If you're looking for a better entry you can look for one around the $5.77 area * Given the macro situation of the world it does seem like shipping stocks will move higher in the near future
NYSE:DSXLong
by HaseebKhan_90
$ARIS ready to move higher?* Nice up trend * Resisted the current bear market really well * Looks good on all time frames Technicals: * Sector: Utilities - Utilities - Regulated Water * Relative Strength vs. Sector: 3.09 * Relative Strength vs. SP500: 13.1 * U/D Ratio: 1.06 * Base Depth: 24.41% * Distance from breakout buy point: 0.1% * Volume 72.3% above its 15 day avg. Trade Idea: * You can enter now as the price is just breaking out of its base * Or if you're looking for a better entry you can look for one around the $18.19 area as that should serve as a level of support. * Looking at $XLU it does seem like Utilities are ready to move higher and ARIS seems to be a leader in this space.
NYSE:ARISLong
by HaseebKhan_90
FLMUSDT needs to recover the monthlyThe price is creating a falling wedge on the daily timeframe after the breakdown from the monthly support on the 0.12$ On the 4h timeframe the price bounced on the dynamic support How to approach it? The price needs to create new bullish impulse with momentum and volumes. IF the price is going to recover the monthly support as new resistance According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
$ADM offering a pull-back recovery entry?Notes: * Great earnings record in the past 2 years * Very strong up trend in all time frames * Offering a potential pull-back recovery entry * Recovering with well above average volume Technicals: * Sector: Consumer Defensive - Farm Products * Relative Strength vs. Sector: 4.42 * Relative Strength vs. SP500: 8.38 * U/D Ratio: 1.62 * Base Depth: 14.79% * Distance from breakout buy point: 0.45% * Volume 73.23% above its 15 day average. Trade Idea: * You can enter now as the price is recovering from the pull-back with higher than average volume. * If you're looking for a better entry you can look for an opportunity around $93.5 * Or even $92.1 given the current market conditions * Manage risk accordingly
NYSE:ADMLong
by HaseebKhan_90
$CHD breaking out of a ~4month cup and handle!Notes: * Excellent earnings record * Very strong up trend in the long term * Breaking out of a ~4 month base * Formed a larger cup with high handle on the monthly time frame * Broke out with higher than average volume before earnings Technicals: * Sector: Consumer Defensive - Household & Personal Products * Relative Strength vs. Sector: 1.3 * Relative Strength vs. SP500: 2.47 * U/D Ratio: 1.3 * Base Depth: 9.52% * Distance from breakout buy point: 0.05% * Volume 61.09% above its 15 day average. Trade Idea: * You can enter now as the price is extremely close to the breakout level * If you're looking for a better entry you can look for an opportunity around $103.37 * Or due to the current market conditions $103 is also possible * Manage risk accordingly
NYSE:CHDLong
by HaseebKhan_90
$DOW breaking out of a ~13 month base. Can it go higher?Notes/Thoughts: * Great earnings record * Strong up trend * Breaking out of a ~13 month base with higher than average volume * Recently used historical highs of $65.56 as support * Last bullish hammer indicating tonnes of demand below $67.49 * Extremely close to the broken resistance of $67.49 offering a great risk/reward Technicals: * Sector: Basic Materials - Chemicals * Relative Strength vs. Sector: 9.19 * Relative Strength vs. SP500: 8.08 * U/D Ratio: 1.2 * Base Depth: 29.46% * Distance from breakout buy point: 0.86% * Volume 46.06% above its 15 day average. Trade Idea: * You can enter now as the price is really close to the broken base resistance * Manage risk accordingly * If you're looking for a slightly better entry you may wait for the price to pull back to $67.49 * Due to the nature of this choppy market I've reduced my stop and targets accordingly.
NYSE:DOWLong
by HaseebKhan_90
$WLK ready to head higher?Notes/Thoughts: * Strong earnings in the recent quarters * Strong up trend in the longer time frames * Broke out of its base and started to move higher but due to recent market conditions it pulled back and is now showing signs of continuation * Close to the pullback recovery area of $127.11 * Recently tested historical all-time-highs of $114.47 as support Technicals: * Sector: Basic Materials - Specialty Chemicals * Relative Strength vs. Sector: 13.47 * Relative Strength vs. SP500: 11.83 * U/D Ratio: 1.45 * Base Depth: 12.05% * Distance from breakout buy point: 0.75% * Volume 19.05% above its 15 day average. Trade Idea: * You can enter now as the price is still close to the pull back recovery buy area * Manage risk accordingly * Due to the current choppy market conditions I've tightened my stop to 4% and reduced my target to 6%.
NYSE:WLKLong
by HaseebKhan_90