TALK (NASDAQ) - 30-Min Chart Long Trade Setup for Monday !๐ฅ ๐
๐ Stock: TALK (NASDAQ)
โณ Timeframe: 30-Min Chart
๐ Setup Type: Bullish Breakout
๐ Trade Plan:
โ
Entry Zone: Above $3.86 - $4.06 (Breakout Confirmation)
๐ข Take Profit 1 (TP1): $4.06 (First Resistance Target)
๐ข Take Profit 2 (TP2): $4.29 (Extended Bullish Target)
๐ Stop-Loss (SL): Below $3.69 (Key Support)
๐ Risk-Reward Ratio: Favorable for a bullish continuation ๐
๐น Technical Analysis & Setup:
โ
Pattern: Rising Wedge Breakout ๐
โ
Breakout Confirmation Needed: Sustained price above $3.86 with volume increase
โ
Support & Resistance Levels:
๐ธ $3.86 (Breakout Zone)
๐ธ $4.06 (First Major Resistance)
๐ธ $4.29 (Extended Target for strong momentum)
โ
Momentum Shift Expected: A breakout above $3.86 could trigger an upside rally ๐
๐ฅ Trade Strategy & Refinements:
๐ Volume Confirmation: Look for increasing buying volume above $3.86 ๐
๐ Trailing Stop Strategy: Once price reaches TP1 ($4.06), adjust SL higher to secure profits ๐
๐ฐ Partial Profit Booking: Take partial profits at $4.06 and let the rest ride toward $4.29+ ๐ต
โ ๏ธ Fake Breakout Risk: If the price fails to hold above $3.86, reconsider entry โ
๐ Final Thoughts:
โ
Bullish Breakout Potential โ High probability of continuation higher ๐
โ
Momentum Shift Possible โ A move above $4.06 could accelerate upside ๐
โ
Strong Risk-Reward Setup โ SL at $3.69, TP at $4.06 - $4.29+ for optimal gains
๐ Trade Smart & Stick to the Plan! ๐๐ฅ
๐ #StockMarket #TALK #TradingSetup #TechnicalAnalysis #BreakoutTrade #DayTrading #MarketTrends #BullishSetup #ProfittoPath ๐๐
TALK trade ideas
breakout neededGood day:
Here we have TALK on the 3 Day Chart.
Please observe the healthy CCI level it is currently around 100, please observe the RSI level it is healthy it is in its 60's and the MACD may possibly have a bullish crossover and there is a possibility price may break out upward from the range.
Talk To MeFundamentally I like the space. Therapy online makes a lot of sense, also coming out of a pandemic and these odd times I can see more people in need of therapy. Also I have heard talk of this being am acquisition target.
Technically we see some major volume spikes in recent weeks and price making higher lows since bottoming in late May. The price also broke out of the descending trend line on the weekly. The MACD is crossing and price held above the .61 fib level and appears to be in a new channel/range.
Looking for strong volume with a close over 1.68 (.78 fib) to initiate a long swing position.
Targets: 1.86, 2.38
Onward & UpwardTALK is an early SPAC play which is showing strong market sentiment as one of the few pure mental health tickers; currently acquiring commons and small calls for 1/21/22, will continue to average in. Mental health industry expected to grow 30B+ by 2028. Large insider buys 6/22/21. Increasing volume/decrease in short interest DTC, MACD crossover on the daily.
I'm looking out for a classic cup and handle here to begin the trend towards $10 with a potential floor @ $5.66.. I like the stock.