XRAY trade ideas
Ichimoku entry XRAYthis one's a little weird on the ichimoku front, as the base and conversion lines shared values ever since earnings, but it does count as a cross when it popped over today. Meanwhile there's a lot to like about this chart; nice boost after earnings that persisted without giving back ground, and now momentum is building behind it (i think this is what Ichi is finding here). So if not a pop, it looks like most likely we'll see steady upward creep, which we don't mind harvesting for a few days. We'll hope to get out around $64
XRAY, Cup-and-Handle (bullish)I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 71%
TARGET (EXIT) PRICE = 54.34 USD
BREAKOUT (ENTRY) PRICE = 51.63 USD
DISTANCE TO TARGET PRICE = 3.52%
EMERGED ON = Nov 30, closing price
CONFIRMED ON = Dec 01, closing price
WITH CONFIDENCE LEVEL = 69%
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for the Cup-and-Handle pattern by adding the pattern’s height (the difference between the highest high and the bottom of the cup) to the price at the right cup lip. The confirmation move is when the security moves past the breakout price above the right cup lip.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.
DENTSPLY SIRONA Prescription DailyHey my friends, DENTSPLY SIRONA is in a bullish configuration accompanied by stable buy volume and a hammer bull candle. We can see on TIMEFRAME 1Min a bullish continuation so it is in full swing. Great likelihood of reaching the next high and closing the bullish gap. We can reach the level of half of the next candle, It seeks to touch the median but not enough force at the moment.
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