I1DX34 trade ideas
IDXX Labs Settings Up For a Cup-Handle BreakoutNASDAQ:IDXX is forming a cup and handle breakout pattern. What's interesting is the cup's highs were long-term resistance at all-time-highs. So, a breakout leaves no resistance in the way of a rally.
I added a trend-based Fibonacci extension to try and get a price target, and it printed between $300-$307.
For trade updates, @DoozyTrader on Twitter.
IDXX: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Buy Alert for IDXXMy WT Cross Strategy has alerted me to a buy signal for IDEXX LABORATORIES INC. ( IDXX ), at a price of $245.43 using a 120-min time frame. My idea is to buy the dip, at a price below $245.43. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length2 - 11
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I have a Pro+ subscription for Tradingview so this gives me access to more data than someone with a free or even a lower tier sub. More data should enable me to construct a more robust model, so your mileage may vary if you are trying to use this strategy for a free account. Please use caution, and be advised. Good Luck All!
IDXX - Flag formation Long from $149.73 to $160 areaIDXX is forming a flag formation. It seems broken out of its flag consolidation & now heading upward. With the flag breakout it can go up to $160
* Trade Criteria *
Date first found- March 9, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $149.73
Exit Target Criteria- $160
Stop Loss Criteria- $146.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
IDXX inverted head and shouldersIDXX has just broken up out of a nine week pullback. Price struggled to break above the $150 half-figure zone during that time. Prior to this there was a very deep pullback (September/October 2014) which broke below the weekly 50ma for several weeks.
However, price is currently in an uptrend, despite the recent pullback - which, in fact, formed an inverted head and shoulders pattern suggesting a continuation to the upside. This was confirmed on yesterdays breakout bar - which also broke above the recent pivot high. Volume was up on the bullish bar, too, which all points to a continuation of the uptrend.
Overall, volume is on the low side (which could affect liquidity) but otherwise a good long opportunity.