Cup and Handle for Coca Cola KOThis looks like it could be a gigantic cup and handle forming for Coca Cola. The top from 1998 ($44) was recently hit again forming the cup. Right now some consolidation is happening and forming the handle. The handle looks kind of sloppy to my, but regardless, if this breaks up above and has high volume $45 I see a %50 - %100 rise playing out .
CUP
Cup and Handle This looks like it could be a gigantic cup and handle forming for Coca Cola. The top from 1998 ($44) was recently hit again forming the cup. Right now some consolidation is happening and forming the handle. The handle looks kind of sloppy to my, but regardless, if this break up above $45 I see a %50 - %100 rise playing out .
Cup & handle BTC Happy new year bitcoin traders,
Here is my first published idea where i will take a look at starting this year.
We could be forming a nice cup and handle here which could take us above 500.
If we keep hanging around this level and dont break 400 i will take a long position with a target around 530 assuming the cup and handle will play out.
When 400 gets broken i will look for a short entry.
Happy trading and a profitable 2016.
Trading Plan Oct-NovBUY: new high, break of 248
TP: along the targets up to 281
SELL: break of black trend line & failure to break 248
TP: around 232.5 - 235 / Build a new long position from there.
HOLD: if you are long, the break of the C&H neckline indicated that price will try to reach the C&H target 256-258
A break of 248 would indicate that price will be trying to reach the double bottom target 268 - 273
OTE SELL ZONE: Look for reversal signals there and establish a short position
The white & red forecast drawings are just for the purpose of orientation.
ULTI Great cup on this breakout and this stock is doing well. The options are not holding HIGH OI, but i would look at OCT 185 calls for 10.30 but know the spread is 60 cents so this will loss that 60 per share until it moves to make it up. I think it will hit the 200 level within a few months....
Cup on PCLNThe overall market MUST be in tune for this to work, but if it is PCLN is looking like a strong move out of cup and could run to the target levels. I suggest an 8% stop, but this is a lot on a high priced company...so use proper position sizing. Consider options and maybe a 20% risk on the options...
ABMD GapThis stock was highlighted earlier by my review but wanted breakout we got it on earnings...it is now a gap and go buy. Buy one if strong above todays high and if not will retrace to gap and then bounce that gives 2nd chance...if fills gap no trade in my opinion.
ABMD on BreakoutThis stock has created a strong base in the cup formation wait for breakout, it is in the health space. I projected the cup low reversed to breakout for target, but would be taking profits on way up..wait for breakout with volume
UA Gap and GoUA moving higher, this is a trade you can take in a few ways.
1. Wait for today to close and then watch for tomorrow if breaks todays high then take the trade long
2. Wait for today to close and then watch for pullback, when bounces (pivot) buy on bounce which happens often around gap as support
3. Wait to see if fills gap then don't trade off that.
The gap and go is strong
CELGThis is a double strategy with a gap and go and a cup breakout. Thus I would look to buy either tomorrow if a break above today's high or wait for a pullback to gap and then a pivot allowing opportunity on the bounce to buy with stop in the gap look for a strong run on this stock.
HAR pushes for cup breakoutIn Bolting RS lines screen.
Closing in top of range for last several weeks, near buy point of 145.10.
MF breaking positive, MACD turning positive.
Shallow enough base 11%.
Margins and Sales growth are a bit lacking.
Earnings estimates have been revised down, and are low at 14%.
Harman Intl Industries (HAR)NYSE
04/20/2015 (Market Close)
IBD Stock Checkup for HAR:
99
Copyright 2015 Investor's Business Daily, Inc
About HAR: MANUFACTURES HIGH QUALITY, HIGH FIDELITY LOUDSPEAKERS, CD PLAYERS, AMPLIFIERS, SUBWOOFERS AND MIXING CONSOLES
General Market Fundamental Checklist Technical Checklist View Chart
Rate A Stock:
PERFORMANCE WITHIN GROUP (HAR)
HARMAN INTL INDUSTRIES RANK WITHIN THE CONSUMER PROD-ELECTRONIC GROUP (10 STOCKS)
Composite Rating 99 Rank within Group: 1st
100%
Best in Group
EPS Rating 97 Rank within Group: 2nd
90%
Relative Strength Rating 94 Rank within Group: 2nd
90%
SMR Rating A Rank within Group: 3rd
80%
Acc/Dist. Rating B Rank within Group: 3rd
80%
EPS - Group Leaders
GPRO
Gopro Inc Cl A
HAR
Harman Intl Industries (Added to My Stock Lists 04/20/15)
UEIC
Universal Electronics
SMDM
Singing Machine Co Inc
PLT
Plantronics Inc
Composite Rating 99
GENERAL MARKET AND INDUSTRY GROUP (HAR)
General Market
Uptrend under pressure
Industry Group
Industry Group Rank (1 to 197) 38
FUNDAMENTAL PERFORMANCE (HAR)
Current Earnings
EPS Due Date 04/30/2015
EPS Rating 97
EPS % Chg (Last Qtr) 64%
Last 3 Qtrs Avg EPS Growth 46%
# Qtrs of EPS Acceleration 2
EPS Est % Chg (Current Qtr) 14%
Estimate Revisions
Last Quarter % Earnings Surprise 39.8%
Annual Earnings
3 Yr EPS Growth Rate 28%
Consecutive Yrs of Annual EPS Growth 4
EPS Est % Chg for Current Year 33%
Sales, Margin, ROE
SMR Rating A
Sales % Chg (Last Qtr) 19%
3 Yr Sales Growth Rate 12%
Annual Pre-Tax Margin 7.6%
Annual ROE 17.9%
Debt/Equity Ratio 29%
TECHNICAL PERFORMANCE (HAR)
Price And Volume
Price $142.00
RS Rating 94
% Off 52 Week High -2%
Price vs. 50-Day Moving Average 5%
50-Day Average Volume 709,400
Supply And Demand
Market Capitalization $9.7 B
Accumulation/Distribution Rating B
Up/Down Volume 1.2
% Change In Funds Owning Stock 4%
Qtrs Of Increasing Fund Ownership 1
MFRM Cup formationThis stock has done well, it may not be exciting but shows strong base in it's cup formation. Not a lot of options so consider stock purchase. Stop is about 8% down from buy today. I measured bottom of cup and projected it out for the target. For a time frame you can take the same amount of time it took to build the cup, however again these are just ideas ...with stock you have longer time than options but remember if you sit around and wait and nothing is happening you lose time value of money...figure out a time frame that makes sense and then see if stock is moving in your favor.
LNKD (Linked In) Target for 20% gainLinked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern.
This alone sets the target price at 279.25.
In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263.
On Balance Volume (OBV) also remains in a very positive upward trend.
Reverse cup and handleI have successfully traded this pattern in the past so am a bit of a fan. Normal to a long position but all works the same to the short side. I like this pattern as a trend continuation pattern. I only ever trade it on the daily also.
I will post the weekly chart as well so you can see that it's formed after a long down trend has been in place. This current set up meets a number of things I look for in the pattern.
-I like to see a strong pull back and large choppy moves in the base of the cup. normally I will see a double bottom/top or head and shoulder but in this case a triple top.
- The top of the handle to be noticeably below the high or low of the start of the cup depending on traded direction.
-The handle to form and stay in this case below the 200ma (long set up would obviously be above 200ma)
-The most important is for price action to tighten up and slop away.
Ill update if it breaks out of the handle.