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CUP

Roku very bullish cup and handle!Hi Traders! It looks like our favourite streaming company $ROKU is forming a cup and handle pattern. Price has formed a handle by the means of a small downward movement. If price breaks the upper trend line of the handle, the cup and handle pattern is confirmed. On top of that other technicals tell us: - Price is supported by 50MA support. - Ichimoku, the cloud of the current downward trend is very thin which indicates that the current small downward movement is very weak. Also, the price is fairly distanced above the cloud which is bullish. - RSI is 47, this level has worked as support in the past lets see if this happens again! - ADX on the hourly shows us that the short term downward trend is already weakening. Also don´t forget that the chance of fundamentals bringing bullish momentum and sentiment on the stock is also very high with upcoming Q2 Earnings report. Both investors and analysist expect company growth! And with the delta covid variant concerning investors again, ROKU is a safe-haven for investors, as ROKU profited from the previous lockdowns. Our trade plan: Wait for price to break the upper trend line of the handle and enter at 418USD, and hold for at least 2 months first price target at 480USD an TP2 at 525USD. Stop loss at 398 just below the psychological level of 400USD and below the upper trend line, this would make this thesis invalid. Disclaimer: This is not financial advice and for education all purposes only.
NASDAQ:ROKULong
by vf_investment
2
SOLUSDT - Cup & Handle TALeaning and developing TA in the Crypto World. The Cup and Handle formation can be seen here as we have a drop in the price and a rise back up to the original value. This is then followed by a smaller drop before continuing upward passed the previous peak. Generally this is a good indication of an upward trend. We see higher lows forming and higher highs before the break of resistance. Resistance is broken and away it goes! Are there any other TA that could be used in this situation?
by dmcmaster448
1
EXPRHeres how I entered my long position in $EXPR: On the daily chart, you can clearly notice the cup formation. Once I felt the handle had formed after some consolidation and testing support levels, I entered into a long call position off the support bounce from $4.5 setting my strike price for $5 (.30 cent per contract) EXPR didn't fail me once over the week, every prior day high that was broken, I increased my position size, bought a few more contracts and extending the expiration date to 7/9 and 7/23 along with increasing my strike level to $6 After confirmation on the breakout through resistance levels, I exited the trade selling at $1.20 per contract. *this is not financial advice*
ELong
by adamivori
ETHBTC Cup Formation Forming - increasing volume needed to sustain a breakout "if" cup formation continues, as of writing this volume looks promising - Volume, RSI and Accumulation strong, no divergence - concerned BTC may pull back from 60k from strong resistance, it's struggling as I write this. If BTC moves lower will likely create pressure on ETHBTC Expecting to trade this coming week to the top of the cup and possibly into breakout area. Can only keep an eye on it and see how this unfolds.
Long
by works2020
1
$EDRY Low float stock tecnically ready to spikeI like stocks like this one. Recently this formation has been popping up on my radar and it works like a charm. Very low-risk investment, in the booming industry. Shipping rates have been skyrocketing lately and with delays in the Suez canal, they will stay elevated for a while. For my business, I am often ordering different products from all over the world in containers. Recently I was shocked by the rates for some of the routes. With lots of delays and products running out in many stores people are forced to pay much higher and it will be here to stay for a while. That is why I see this entry very safe bet. First, everything lined up on the chart, and then the fundamental situation looks very bright for this company. With OS at only 2.29M and insiders holding half plus institutions over 10%, this stock can have a major spike. Next ER should be significantly improved, forward PE is projected at 4.3. If you one of those who know what to do, good luck. For others, good luck chasing it or missing out. :)
NASDAQ:EDRYLong
by Trade2Double
9