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Consolidation-breakout

URI getting ready to move higher!* Excellent earnings * Very strong up trend * High relative strength in the Industrials sector * Breaking out of a ~8 month consolidation with very high volume (172.64% higher than average) * Max probable ROI on this trade is 26.08% Note: * Institutions don't buy breakouts, they create breakouts. Trade Idea: * Now is the perfect time to get in since the price is still very close to the broken level and it broke out on very high volume. * Also, the last closing candle can be classified as a bullish pin bar showing tonnes of demand under the $364.30 area
NYSE:URILong
by HaseebKhan_90
Potential trend-continuation breakout on the horizonGood afternoon all, By the looks of things, it seems as though the GBP/NZD is setting up for something big. At least, larger than has been recently at play in the pair. We can see price continuing to trade within its recent parameters of the descending level and the liquidity pool below which is situated at approximately 1.91800. We expect price to continue trading within these paramaters for a while longer too which gives us all time to prepare for either the bullish or bearish breakout that we ultimately see is on the horizon. The triggers for both are simple, a full breakout and retest of the descending level (top of price) for a potential long with targets in the region of the 1.93 magnet and beyond OR a full breakout and retest of the lower liquidity pool for shorts down in the region of 1.91500 and beyond. On the higher timeframes, we can see price is at a major daily decision point, should price go for the bear breakout, the fall could be a lot larger than the climb. Lets see what happens. Catch you soon!
by TheTradingRoom
BRX set to move higher?* Good earnings * Long term, it's been going sideways but a new up trend has started * Recently broke a multi year resistance of $21.93 dating back to 2016 * Used multi year broken resistance as support for the past 5 months * Breaking out of the 5 month consolidation with higher than average volume * High relative strength in the Real Estate sector Trade Idea: * Now's the time to get in since it recently broke resistance and has been testing it as support for the past 4 days.
NYSE:BRXLong
by HaseebKhan_90
WM showing signs to go higher* Great earnings year over year * Very strong up trend * Breaking out of a 6 week consolidation with higher than average volume ... roughly 37% higher * Broke resistance and retested it as support * Offering a pocket pivot breakout indicating that institutions are stepping in * Pays out dividends Trade Idea: * Now is the best time to get in as the price is still close to the breakout level and it's showing signs that institutions may be stepping in to buy * If you're looking for a slight discount you can look for an entry near the 156.60 area * A break below 156.60 would expose 154.26 as the next possible support. Note: * Given it's growth over the years and the fact that it pays out dividends, WM is also a great long term hold for your investment portfolio.
NYSE:WMLong
by HaseebKhan_90
MMC breaking out of consolidation!* Great earnings * Strong up trend * High relative strength in the Financial sector * Breaking out of a month long consolidation with higher than average volume * Pays dividends Note: * Earnings are coming up this week. Given it's past performance we can expect it'll have a good report and the price to go higher. Trade Idea: * You can enter now as indicated since it's still very close to the broken resistance * If you're looking for a discount you might find an entry near the 159.40 area
NYSE:MMCLong
by HaseebKhan_90
HZNP offering a pocket pivot setup!* Great earnings * Very strong up trend * Very high relative strength in the Healthcare industry * Has been consolidating since breakout * And now offering a pocket pivot setup. A pocket pivot setup is when the last day's volume is higher than any of the previous 10 days down volume. This indicates that institutions are stepping in and the price is expected to go higher. This is a high probability setup. Trade Idea: * You can get in as indicated * Or you can wait for a retest of 111.33 (may be unlikely since it's a pocket pivot setup)
HLong
by HaseebKhan_90
PAYX looking to go higher after finding new support.* Excellent earnings year-over-year * Very strong up trend * Breaking out of a ~2 month consolidation period with higher than average volume * Very strong Relative Strength in the Industrial sector * Recently broke resistance of 117.11 and retested it as support Trade Idea: * As always, if you don't mind a little volatility in the short term this is a great time to buy * If you're looking for a discount, you can look for an entry near the $117.10 area Note: * The bullish pin bar from October 13th shows that there's a lot of demand for it around the 117.11 area. The price moved higher after the 13th increasing in buying volume so this has a less probability of revisiting that area.
NASDAQ:PAYXLong
by HaseebKhan_90
HD breaking out!* Exceptional earnings year-over-year * Very strong up trend * Breaking out of a 5 month consolidation with slightly more volume than average * Pays out dividends with a Payout Ratio of 44.10% which means the company has more room for growth and potentially increase dividends as well. Trade Idea: * You can enter now as indicated if you don't mind a little volatility * Given that it only broke out with slightly higher than average volume, this may visit the 339 area before heading higher.
NYSE:HDLong
by HaseebKhan_90