Really nice breakout on huge volume in DADA. Long
UBER has been building an IPO base for a while. Similar in look to SPOT and BYND before they broke out. And if you want to go to the 'way back machine' check out CHGG after it IPO'd. UBER has a chance to provide some huge returns. Watch for a break of the downtrend line and follow-through above the blue shaded area. Top of the watch list for me!
This is an aggressive breakout. IPOB digested it’s gains well after a 35% move. Long
Looking like a continuation pattern for OSTK. Having some trouble getting above the 50-day moving average. Good short opportunity
I had been thinking that FSLY was forming a head and shoulders top - but I've come around to interpreting it as a bullish wedge after this weeks action. It continues to find support at a key level. It also printed a shakeout candle (reversal) on 09/04 after breaking to new lows. Breaking out from the wedge would also be a break of the 50-day moving average. Taking...
LL could not hold above the 2018 gap down level. It is printing a perfect head and shoulders top. Measured move should take it down to a 200-day MA test.
Spotify is breaking out of a descending wedge today. The stock price is also showing good relative strength on a weak day in the market for most growth names. Low risk setup with a stop at the low ~$246 (3.5%).
Lumber Liquidators has had a great run, but the stock appears to be stalling at gap resistance. With earnings this week, the results could be pivotal to keep the uptrend alive.
FUTU is launching off the 10 and 20-day moving averages after going from red to green today to break out from a three week long pennant. Strong volume. This looks like the real deal.
Obviously bitcoin is breaking out on huge volume. This is an inverse head & shoulders breakout chart. Plenty of others will show the pennant breakout as well. The upside here is immense and I would not worry about being late. This is the beginning of a very big move.
Tesla has found support at the 20-day during this recent run. Good risk/reward for a long entry here.
Held up well in a weak tape today. Getting support at the 10-day EMA. Watch this for a high volume breakout from the HTF pattern.
BLDP put together a tight, low volume consolidation over the last few weeks of trading. Finally today it ripped higher on big volume. It closed near the highs of the day as well, helping to put the cherry on top of a beautiful breakout. This has the look of a potential big winner. Pay attention to this one.
This one has been a big winner recently. I like the risk/reward here for a long entry. Bounce off support and the 20-day. Bread and butter setup
Crypto is starting to heat up again and Tezos may be gearing up for a major breakout. It has struggled with the 61.8% Fib retracement level and is also contending with the downward sloping trendline. Pay attention to this one in the coming days/weeks if it manages to clear those two hurdles.
Tesla is consolidating it's recent gains and looks to be putting in a cup w/ handle pattern. Nice tight ranges lately with decreasing volume. Look for a breakout with volume
Looks like AXNX is breakout out from a tight range and above the downward sloping trend line.
Waiting for a break from this flag formation in INCY. Should happen in the next few days.