$TXRH operates and franchises restaurants under Texas Roadhouse breaking out of its second HTF, & VWAP from ATH on its wkly. RS bullish divergence from dec to feb is reflected on daily. one could position this on wkly as a hedge if you are overloaded with O&G & commodities name
$RADA in aerospace and defense industry, the leading ig now. they offer defense tech, and sells electronics to air forces and companies worldwide wkly acton is a HTF spanning 2 yrs. broke out of VWAP from 52-weeks high yday with +250% ATR and +400% avg vol. key pivot at $13.50
$EXPR microcap name in Apparel Retail industry group. strong weekly action (+45%) since basing out of dec'21 consolidation. a bullish flag pennant trading on rising 10/20 MA & AVWAP high from Q2 ER. currently, just below its 200MA, coinciding as a pivot for inverse h&s breakout
$CLFD bullish pennant pattern. +35% move (3 weeks) since Q4 ER. ER reflected YoY accelerated growth in both EPS and Rev. looking at BO from Q3 ER AVWAP resistance at $64.70. Q4'21 Earnings (YoY) EPS 0.75 (+226%) Sales 51.1M (+89%)
$AR O&G exploration name. weekly chart reflects a clean inverse H&S. this is the textbook classic trend reversal pattern chart. though RS low was established in dec, price action was widely volatile on its way up. ATR % at 5.68% of price BO entry will require a wider stop
$MLI metals manufacturer. RS already cleared its 52 wks high, while price remain resisted below a 3mths DTL. price have been riding on its rising 10MA since Q4 earnings. convergence of shorter MA with 50d it gained +39% in less than a month (oct'21) during the last DTL breakout
$SPX fell further with a loss of -1.58% last week, driven primarily by worsening Russia-Ukraine developments. Risk sentiment was further pressured by disappointing growth-stock earnings reactions and lingering concerns about a Fed policy mistake. 10 of the 11 S&P 500 sectors ended the week in negative territory. With a considerable loss of -1.58% over the week,...
$NI traded through the week without closing below Monday's low (daily average $ volume of $100mil), displaying resilience to the general market weakness. Currently a bullish flag formation, sitting on confluence of VWAP (from previous low) and 10/20 MA. 23/2 ER
$SLB pennant consolidation within its high tight flag formation is still in making. on monthly, it has just barely traded beyond its breakout level of the inverse h&s pattern. textbook measured move is $53, another +37% away. ER Q4''21 (YoY)EPS 0.41 (+86%)Sales 6.22b (+13%)
$ANET display a rare behavior you could find, resilient to months of market weakness frm its previous ER gap up (Q3) in Nov'21. a siew of recent VWAPs have coincide to resist $ANET at $128 last week. actionable on VWAP breakout Q4'21 ER YoY EPS 0.82 (+32%) Sales 784mil (+15%)
$SPX breached its 200-day moving average, as $SPX upward momentum faltered with a -1.90% plunge on Friday after National Security Advisor Jake Sullivan acknowledged there was a “distinct possibility” that Russia could invade Ukraine before the end of the Olympics. $SPX ended the market week with a loss of -1.82%. $SPX remains resisted by a Downtrend Line...
$RYAN 6mth old insurance name IPO. based off (-12%) the January market weakness and looking to reclaim its ATH close of $40.36. RS is at ATH. trading above all critical VWAPs, MAs. a trading idea to take on BO for further trending action.
$DDS held onto $225 support on 3 occasion during the market correction in dec and jan, forming a very constructive cup and handle formation. now trading above 10/20/50MA this week, but still have a ATH VWAP at $278 to recapture. that will be the cleanest breakout level imho.
$NEWR very constructive coiling pattern, and obeying between ATH VWAP resistance and pre-ER trough VWAP. wouldn't take a trade now as ER Post-M later where price action are binary event, a gamble. if first bar trades to the upside of triangle tml, it is trend resumption BO. WL
$RHI a 2021 market darling until the last week of November, where it undercut its 50MA for the rest of the year. currently established a higher low with cup and handle pattern. weekly chart, it capture back its 10MA for the first time in 7 weeks. actionable trade for today
$LLNW flagging the 2nd time after its recent ER. YoY Q4'21: EPS +167% Sales +14% past year price action is reflecting RS against its sector $XLK. sitting on VWAP support at $4.00 & all major MAs. beautiful 1 year base pattern.
Jeff Sun @jeffsuntrading · 29m $BTCUSD has a 0.87 positive coefficient to $SPX from 2 yrs ago (Feb 2020) on technical perspective, the biggest risk of a another washout in the stock market may come from a bear flag breakdown, with major double top follow through from #Bitcoin #bitcoin needs a relief rally
Utilities name are usually not a go-to for swing traders as there is tendency of choppy price action around its MA, and low ATR% $EXC however, behaves superbly as an utility stock with history of trading consecutive up days on several occasion in 2021 alone. ATH currently