BONANZA BOYS EP7: watashi na STAAim feeling uneasy on this one
made some break of structures monitoring on a smaller timeframe
STAA trade ideas
STAA Bear trend not borkenSTAA even with strong fundamentals is still bearish territory
its in a bearish trend and only breaking above 60$ mark is a confirmation of a bullish reversal
Until then just keep watching it slide :)
STAA medical suppy small cap catching up from Covid LONGSTAA is a medical company specialized in implantable lenses. Many of those needing
lens replacements for cataracts put things off during the COVID era and eye surgeons are now
catching up on backed up patient loads. Medical insurance companies are burdened with
patients catching up from the covid delays for elective surgeries. The surgeons and medical
supply companies on the other hand are experiencing growth.
STAA Long Idea ~150% increaseI started keeping an eye on the stock when the bull flag began forming.
Yesterday we had a breakout confirmation from the bullish flag. As long as the breakout continues, we could reach the first Target/Take Profit at $98 per share with a 37% Profit.
If the earnings report which follows soon after is good, the added bullish sentiment could drive the price to complete the double bottom pattern and bring the price to above the all time high.
For now, I doubt that it will reach the ATH but I'm fairly confident in a 30%-60% increase from here.
I will re-evaluate this chart in the coming days and weeks.
I would really appreciate some input and please tell me why I'm wrong.
STAA Nice continuation pattern. Investors seems to be getting very bullish on this company. The fundamentals fit the profile.
$STAA Quality Growth Stock$STAA potential quality growth stock that is acting very well considering the bear market we are in.
Needs a bit more work but promising price action so far.
Putting it on our radar for now.
STAA - Likely bottomed outA downtrend that had reverted to forming a base in the past 2.5 months with "neckline" at 85.50 +/-.
There was a strong gap of abt 10% on 28 March on huge volume which hit right into the horizontal resistence around 85.50 and experiencing some pullback since.
As this is likely a "breakaway gap" (a strong gap that occurs at the begining of a trend reversal), the odds are in favour of a trend continuation in the direction of this gap. (ie up).
One could attempt to go Long at the break of the small pennant that has formed (around 82), however with near term resistence nearby at 85.50, it could be agonising days ahead while it attempts to break above this "neckline". Hence an alternative more "conservative" approach is to wait for the stock to have a close (preferably not too far) above the neckline before staking (ie wait for confirmation of "strength").
Either type of entries has it's merits (and risks). Hence appropriate stop loss (ie money management) is necessary to cut our losses should trade not work out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
Mark Minervini's Style Analysisconditions:
1) trend in place (all ma in right order)
2) price held by EMA50, and continue EMA21 as support
3)correction from prev. ATH: ~20%
4)nice looking C&H pattern with vcp, higher low
5)good volumes with buyer stepped in when price increases
6) trade risk: 4.87%
7)on BO day, volume double than prev. day =signaling interest of buyers
STAA 30m Wolfe Wave bullish 11/26The trend is still down and the dotted line is still down. I personally would not take this A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
STAA 4h Wolfe Wave bullish 11/17A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
STAA - Cup with Handle Brekout @ ~$157STAA has developed a 3 month cup with handle pattern, with breakout of $157. Might be good opportunity to buy for a 5-8% profit target
MARKET ALPHA WATCHLIST - STAANASDAQ:STAA
I wanted to bring this up as a potential long term short opportunity. This stock has been breaking down and looks like like it might be losing even more structure as a retest of the bottom trendline is currently happening.
$STAA Bull Flag and Bullish MacD
$STAA has been consolidating after breaking an ATH.
Good for a long on a break and hold of 132. Watch volume on the daily, Need a follow through for confirmation.
Technicals: Bull flag and bullish MacD.
Trade Active
-Daniel Betancourt, OptionsSwing Analyst
$STAAEntry price : 89.67
Fundamentals :
- Sector: Medical - Medical products
- EPS % Chg (Last Qtr): 70%
- EPS % Chg (Previous Qtr): -133%
- 3 Year EPS Growth Rate: 187%
- EPS Est % Chg (Current Yr): -41%
- Sales % Chg (Last Qtr): 21%
- Sales % Chg (Previous Qtr): -11%
- 3-Year Sales Growth Rate: 22%
- Annual Pre -Tax Margin: 13.6%
Stocks to Watch Relative Strength Edition The Market is showing some questionable activity, this week I expect the market to by choppy. This is the Relative Strength Edition of Stocks to Watch. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list. I add an additional 2 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
super bullish above $85decreasing volume on the daily. we may see a slight pullback before going for all time highs again.
$STAAPosition:
Entry price: 85.17
SL: 79.71 (-6.41%)
TP: 99.9 (+17.29%)
R:R: 2.7
Fundamentals:
Sector: Medical
EPS % Chg (Last Qtr): 17%
3 Year EPS Growth Rate: 187%
EPS Est % Chg (Current Yr): -41%
Sales % Chg (Last Qtr): 21%
3-Year Sales Growth Rate: 22%
Annual Pre -Tax Margin: 13.6%
Technicals
Flag/VCP
PAY to STAAR SURGICAL Hey people, STAAR SURGICAL is in a fake bearish configuration with a large volume of buys issued and a shadow of sellers. In the TIMEFRAME M1 we see a panic that goes in the direction of the VWAP which it will break to go to its low point and make a reversal. Great possibility of breaking the VWAP to breakout the comfort zone and reach the top zone and arrive on 1984 levels. See if there is enough buying force to breakout again.
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