Buyers still in control after the PEG. Volume is drying up and although landed lower for the week still in a uptrend. Risk is that the 5EMA is now declining but positively other MA has caught up to the price. Price is also still extended from 23EMA but is still trading in the PEG range.
Good RS day and RS rating. Volume has dried up on reversal days and we closed in the top 75%+ of the overall trading range for the day. This could be a start of a strong move upward as this is currently moving sideway but has made higher lows and higher highs. The 65MA is starting to curl upwards and would like the stock to hold the 23EMA. Entry Point: on...
After decent gap up after earnings the stock gave a little back on light volume. Stock is currently in b/t the wing high AVWAP and the PEG AVWAP. It also appears that the stock has caught up to the KMA. Will be watching to see if it can hold the AVWAP and push past the ATH on higher volume. Entry: $64.17 Stop: $62 Risk: 3.125%
Larger cup and handle play for this tech name. Stock is currently still forming a handle with KMA catching up which is exactly what you want to see. This stock could continue to hold the handle until they report earnings which is what happened to a lot of the earnings reports recently. A good R/R setup would be a pullback to the 23EMA with a 5% stop loss or a...
RSI has not dropped below 50 since breaking on May-20th. Has roared higher and is finally consolidating on lower volume. Has had a run of +55% in a short time period and has held the 23EMA very well which is indicating that stock is in demand. Sellers appear to be getting tired and the stock has moved sideways for 25D. Could play this as a pullback but when it...
Stock has been in a range with a contraction in volume. Has held the 23EMA well on last retest. Waiting for this stock to break the $68.38 area to move to 52WK high. Has broken a RSI since run up that started in Jul-21. Had a inside day on Friday on very low volume. Would like to get involved with this name around the $66-$65 area with stops near the $61.50...
After earnings report price is still in a uptrend with little sellers after the follow through. Stock is still extended form KMA and would like the 23EMA to catch up and have the price hold the MA. Volume shows buyers are in control of this name and it wants to continue the path of least resistance which is currently up. No good R/R entry at the current prices....
Steel was very strong last week and this stock moved up about 20%. Volume shows that this stock is under accumulation by larger players. Volume for the week was the most in almost 10 years which indicates a change in character and the want for this name. Stock is extended from current KMA and need some time to digest these gains from the prior week. Will want...
Similar to many other PEG candidates that reported last week. Need the range to tighten and volume to contract. Currently is extended and needs to digest PEG. Not a good R/R candidate atm. Being patient here to get optimal R/R.
Strong PEG with selling on low volume. This chart may take some more time to develop and base over a lower period of time. Ideally would like to see volume dry up more and price to contract to confirm the buyers are in control. Cannot determine good entries and stops until we get more data on a lower time frame. IMO will bounce a around a little more before a...
Consolidation after PEG. Has shown it is holding the gap up and is currently sitting at the bottom 68% of the fixed volume range since PEG. Volume is drying up indicating that seller are getting tired. All KMA are in a uptrend but could use some more time for a consolidation. Entry: $75ish Stop: $72ish Risk: 4%
Strong leader breaking out of a long term stage 1 consolidation. First consolidation since started stage 2 uptrend. Volume is also drying up which could mean sellers are tired. Entry: $298ish Stop: $291ish Risk: 2.3%