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Resistancebroken

UMBF breaking out of an 11 month base!* Great earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~11 month base with higher than average volume * Originally broke out last month but due to the market conditions it had a very slight pull back * During the pull back it held up very well relative to the general market conditions. * Maximum probable ROI is ~24.16% if the trade goes in our favor Trade Idea: * This is another breakout attempt after the general market is showing signs of recovery. * Now's a great time to enter as the price is very close to the broken resistance and it's EMA's * Weekly chart is also showing signs of the price being ready to move higher.
NASDAQ:UMBFLong
by HaseebKhan_90
ZIM ready to go higher?* Relatively new company * 3 out of 4 earning reports were great * Strong up trend * High 3-month relative strength in the Industrial sector * Pays dividends very generously * Increase in institutional interest * Breaking out of a 15 week base forming a cup and handle pattern * Depth of the cup is ~24.8% * Breaking out with higher than the 15 day average volume * $57.54 should serve as support moving forward Trade Idea: * Now's a great time to enter as the markets seem to be recovering and the sector seems to be doing well also. * The price is very close to the broken level
NYSE:ZIMLong
by HaseebKhan_90
AJG finally looking to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a tight range of ~3.35% with slightly higher than average volume * I originally mentioned this as it was breaking out of the cup with handle pattern at $153.09 * It has since then move higher and then started to consolidate * Even as the financial sector took a hit in the past week AJG managed to consolidate and stay afloat * This shows that there are institutions still interested in this stock and are holding it up * Now as the markets are showing signs of recovery, AJG is breaking out of the consolidation Trade Idea: * Now's a great time to enter as the price is just above the broken resistance of the range
NYSE:AJGLong
by HaseebKhan_90
SGH using IPO base resistance as support!* Great accelerating earnings * Breaking out of its IPO base * High 3-month relative strength in the Tech sector * Using the broken resistance of the IPO base as support * Formed a cup and handle pattern * Holding up really well even in a correction * Has been consolidating right above broken resistance for the past 4 weeks. * Maximum probable ROI is ~41% * Depth of the base is at ~70% * Has been forming the base since 2018 so ~70% move up isn't unlikely Trade Idea: * Given the nature of the current market and if you don't mind a little volatility, now would be a great time to enter as it's constructing a new support around the $56.69 area. * If you're looking for a slight discount you can look for an entry around the $56.69 area given it's acting as support Caution: * A daily close below $56.69 would negate the idea. * Given the market conditions and your risk tolerance use your judgement as to where you should enter. * A daily close below $56.69 could have the price around $53.73
SLong
by HaseebKhan_90
TER ready to move higher after using the 2000 highs as support?* Exceptional earnings * Strong up trend * High 3-month relative strength in the Tech sector * Breaking out of a ~1 year base with higher than average volume * Recently used $104.88 as support which was the high from the 2000's * Broke base resistance ($147.46) and has been using it as support for the past 12 days * Maximum probable ROI would be ~41.84% Trade Idea: * Great time to enter as the price is bouncing off of the broken resistance and isn't too far away. * If you're looking for a slight discount you can look for an entry near the $147.46 area since that should serve as support moving forward.
NASDAQ:TERLong
by HaseebKhan_90
UDR ready to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a 18 week base with higher than average volume * Has been consolidating above the broken resistance for the past 12 days making it a new level of support. Trade Idea: * Now's a great time to enter as the Real Estate market is showing strength. * Price isn't too far away from the broken resistance turned support * If you're looking for a slight discount you can look for buying opportunities near the $55.93 area
NYSE:UDRLong
by HaseebKhan_90
CUBE ready to move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a ~2 month base forming a cup and handle * Breaking out with higher than average volume Trade Idea: * Now's a great time to enter as the price is very close to the broken level * Looking at the weekly chart, it seems like this is ready to move now. Caution: * Consider exiting the trade if it makes a daily close below $54.56 and makes lower lows for 3 consecutive days
NYSE:CUBELong
by HaseebKhan_90
MAA showing strength in the Real Estate sector.* Good earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Breaking out of a base on base pattern * The upper base was constructed over 6 weeks * Breaking out with a lot of volume (130.2% above the 15 day average) * The Real Estate sector has been consolidating in a very tight range for the past several weeks and is showing signs of breaking out. Trade Idea: * Now's a good time to enter as the price broke out for the second time in 3 days. * It broke out with tonnes of volume so I expect $207.69 to serve as support moving forward * Alternatively, if you're not getting in now, you can look for buying opportunities near the support of $207.69. Caution: * Needless to say, the market is very volatile at the moment and if this makes a daily close below the 20 EMA you might want to consider taking an early exit.
NYSE:MAALong
by HaseebKhan_90
Where is PLD headed next?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Real Estate sector * Built a 3 month base between $125.45 and $138.67 * After breaking out started to consolidate in a tight range * Slowly kept moving higher even as the general Real Estate sector was ranging during the same period * Broke out of the tight consolidation with higher than average volume Trade Idea: * Now's a great time to enter as the price just broke out of the tight range * If you're looking for a slight discount you can look to buy near the $150.90 area as that should serve as support * Even if the general Real Estate sector continues to range it seems like PLD will continue to move higher; given how it performed over the past three weeks.
NYSE:PLDLong
by HaseebKhan_90
MCHP ready to move higher?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Tech sector * Broke out of an 11 month range on November 4th * Since the breakout it has been consolidating above the broken level making it a new support * Maximum probable ROI would be 25.60% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the price is really close to the broken level and the volume shows institutional interest after 2 weeks of tight consolidation. * If you're looking for a slight discount you can look to buy near the $82.40 area as that has been serving as support for the past ~13 days * Consider taking partial profits at $92.40 Caution: * A daily close below $82.41 could put this idea in trouble. * Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis
NASDAQ:MCHPLong
by HaseebKhan_90
CSX broke out of a tight range. Where is it headed next?* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 8 month base between $29.71 and $34.26 * After breaking out it started to consolidate in a tight range creating a base on base pattern * Breaking out of the range with higher than average volume Trade Idea: * Now's a great time to enter as the price is very close to the broken level Caution: * A daily close below $36.25 would put the price back inside the range and expose $35.14 as support * Consider exiting the trade early if the price make 4 consecutive lower lows on a daily basis. * Alternatively, a daily close below $35.14 would negate the idea
NASDAQ:CSXLong
by HaseebKhan_90
12
UNP ready to make the next move higher?* Great earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Built an 11 month base between $196 and $227.80 * After breaking out it started consolidating in a very tight range creating a base on base pattern * Consolidated for about a month and now breaking out with higher than average volume Trade Idea: * If you can handle a little volatility, now's a great time to enter as the price is still close to the broken range and is picking up on volume * If you're looking for a slight discount you can look for buying opportunities near the $243.91 area * Looking at the chart, it wouldn't surprise me if it does come back to retest the $243.91 area before heading higher. Caution: * A daily close below $238.83 would negate the idea
NYSE:UNPLong
by HaseebKhan_90
NKE ready to push higher!* Exceptional earnings * Very strong up trend * Very high 3-month relative strength in the Consumer Cyclical sector * Pays dividends * Breaking out of a 5 month base * Formed a cup and handle pattern with a base depth of ~28% and a handle of ~2 weeks * Breaking out with higher than average volume Trade Idea: * Now's a great time to get in as the price is really close to the broken level * Offering a very nice risk/reward ratio * If you're looking for a discount you can look for an entry near the $174 area Caution: * A daily close below $174 would expose $170.62 as the support level * A daily close below $170.62 would negate the idea. Note: * Looking at the growth, earnings and dividends NKE is a great buy and hold stock as well.
NYSE:NKELong
by HaseebKhan_90
VLY ready to make new highs?* Good earnings * Steady up trend * High 3-month relative strength in the Financial sector * Breaking out of a ~9 month consolidation with higher than average volume * Has been testing broken resistance as support for the past 5 days * Maximum probable ROI is 22.38% if the trade goes in our favor Trade Idea: * Now's a great time to enter as the price is really close to the broken level. * $14.44 should continue to serve as support moving forward. * Lock in some profits at first target and let the rest run to the final target. Caution: * Since we have a tight stop, a daily close below $14.44 would negate the idea. * Alternatively, you can wait to see if two or three consecutive days close below $14.44 before exiting the trade
NASDAQ:VLYLong
by HaseebKhan_90
2
FRC ready to move higher!* Excellent earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a base on base pattern with higher than average volume * Was consolidating for ~3 months prior to building another base Trad Idea: * Now's a great time to enter as the price is close to the broken level and volume is picking up as well. * If you're looking for a slight discount you can look for buying opportunities near the $219.76 area Caution: * A daily close below $219.76 would put the price back inside the range and expose $211.91 as support. * Two or three consecutive days closing below $219.76 would negate the idea.
NYSE:FRCLong
by HaseebKhan_90
ITW ready to move higher?* Exceptional earnings * Very strong up trend * High 3-month relative strength in the Industrial sector * Breaking out of a ~8 month base with higher than average volume * Recently broke above the pivot point of $232.47 and used it as support for 5 days before moving higher * Retested the broken resistance as support * Pays generous dividends Trade Idea: * Now's a great time to enter as the price broke out and retested it as support * If you're looking for a slight discount you can look to buy near the $239.46 Notes: * The general Industrial sector is in a fairly tight range right now so this may follow the same path. * If you're not getting in right now, you may want to wait a couple of days to see how this plays out. * If it starts to range, you want to look for a high volume break of the range before getting in. Caution: * A daily break below $239.46 would expose $232.47 as support * A daily close below $232.47 would negate this idea. * Also if the stock continues to may lower lows for 3 consecutive days below $239.46 you might want to consider exiting the position early.
NYSE:ITWLong
by HaseebKhan_90
JBHT ready to move higher?* Great earnings year-over-year * Very strong up trend * High 3-month relative strength in the Industrial sector * Was in a ~7 month consolidation * Recent earnings caused a break away gap and a tight range for 3 weeks * This created a base on base pattern * Breaking out of a very tight 3 week consolidation of 2.49% with higher than average volume Trade Idea: * Now's the perfect time to enter as the price is very close to the broken level. * However, looking at the weekly chart, this may consolidate for a couple of days before continuing to move higher.
NASDAQ:JBHTLong
by HaseebKhan_90
HD looking to continue moving to new highs?I last spoke about this around mid October as it was breaking out of from $342.15. Since then it rallied higher and then consolidated for 3 weeks. This consolidation also created a base on base pattern. Now it's breaking out of the consolidation as earnings approach. The best part about this is that it was consolidating as the general market was in a small correction. This shows that there is institutional demand for HD and earnings may give another leg higher. Trade Idea: * Now's the perfect time to enter as the price is right above the broken resistance. * Very favorable risk/reward ratio. * If you're looking for a slight discount you can look for buying opportunities near the $366.48 area as that is the base of the tight range. * Looking at the weekly chart this may continue to consolidate but with earnings coming up I can see this moving higher from here.
NYSE:HDLong
by HaseebKhan_90
2
RYN looking to set new highs!* Great earnings year-over-year * Strong up trend * High relative strength in the Real Estate sector * Breaking out of a ~7 month base * Recently used a multi-year resistance ($35.05) as support * Looking at the weekly chart it seems like RYN is ready to continue its move to new all-time-highs Trade Idea: * If you can stomach a little volatility, now's a great time to enter as the price just broke out. * If you're looking for a slight discount, you can look for buying opportunities near the $38.40 area as that should serve as support moving forward. Caution: * The markets are volatile right now so a daily close below $38.40 would negate the idea for the time being.
NYSE:RYNLong
by HaseebKhan_90
ANTM ready to move higher?* Exceptional earnings year-over-year * Very strong up trend * Incredible 3-month relative strength in the Healthcare sector * The day of the earnings report we saw an incredible rally * Before breaking out, was consolidating for about 6 months * Consolidated for 3 weeks in a tight range of 3.82% * Created a base on top of base pattern * Breaking out of the 3 week consolidation with higher than average volume Trade Idea: * Now's the perfect time to enter as the price is really close to the broken consolidation * If you're looking for a slight discount you can look for an entry near the $420.06 area in case it comes back into the consolidation zone.
ALong
by HaseebKhan_90
MSI breaking out of a cup and handle pattern* Exceptional earnings year-over-year * Very strong up trend * High relative strength in the Tech sector * Pays out dividends * Breaking out of a cup and handle with higher than average volume Trade Idea: * Now's the perfect time to get in as the price is very close to the broken level * Looking at the weekly char also gives a lot of confidence that this is ready to move higher * The price right now is giving a very favorable risk/reward ratio.
NYSE:MSILong
by HaseebKhan_90
AJG looking to continue its moveI last spoke about this back in late September as it was forming its cup with handle pattern. The stock since then broke out and rallied higher from there. Due to the current market correction the stock did slow down but now is looking to continue its move. The tight consolidation it was in during this short correction indicates that institutions were accumulating during this time. The stock broke out with higher than average volume and is showing signs of continuing its move. Trade Idea: * Now's the right time to enter as it's not too far from its broken level. * If you're looking for a slight discount you can look for an entry near the $164.08 area as this should now serve as support. Caution: * A daily close below 164.08 would put it back inside the consolidation range. * A daily close below $160.21 would negate this idea.
NYSE:AJGLong
by HaseebKhan_90
CPRT ready to move higher?I last spoke about this on October 29th as it was breaking out of the resistance at $152.85. At that time I did mention that this may end up consolidating for a while before it's ready to move higher. Now CPRT is offering yet another entry and it seems like it's ready to move higher from here. What's really interesting about this is that it consolidated while the general market was in a correction. This indicates that institutions are interested in this stock and were keeping it afloat. Now may be the perfect time to enter before it starts heading higher. Everything from my previous post still stands. Trade Idea: * Now's the right time to enter as the stock is trading at higher than average volume * Earnings coming up next week * If you're looking for a slight discount you can look for an entry around the $152.85 area * $152.85 as been serving as support and should serve as support going forward
NASDAQ:CPRTLong
by HaseebKhan_90