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Resistancebroken

HTA breaking out of a month long tight range* Okay earnings * General up trend * High 3-month relative strength of 4.02 in the Healthcare sector * Recently broke above the early 2020 highs of $31.48 with a break-away gap * Breaking out of a 20 day tight range with slightly higher than average volume * During this consolidation the volume was very steady with some spikes in buying. This shows institutional interest in this stock. Trade Idea: * If you can stomach a little volatility now's a great time to enter as the price just broke out of the range and is still close to the broken level. * If you're looking for a slight discount you can look to enter around the $33.61 area as that should serve as support Caution: * General market may continue to correct * A daily close below $33.61 would put the price back inside the range and expose $32.96 as the next level of support. * A daily close below the indicated range i.e. $32.96 would negate the idea.
HLong
by HaseebKhan_90
KW looking to go higher?* Great earnings * General up trend * High relative strength in the Real Estate sector * Pays generous dividends * Recently broke out the previous ATH from 2015 of $21.93 * Before that it consolidated between 18.66 and 20.46 for ~5 months * After breaking out of $20.46 it create a base on top of base pattern and consolidated for ~2 months before breaking previous ATH Trade Idea: * You can enter now as indicated if you don't mind a little volatility * Or you can wait for a slight discount by looking for entry opportunities near the 21.93 to 22.12 range Note: * This may be forming a higher handle to a cup and handle pattern. The rounding price action between 20.92 and 22.12 would serve as the cup.
NYSE:KWLong
by HaseebKhan_90
AAWW giving an entry opportunity before the next leg higher?* Great earnings * Earnings accelerating for the past three quarters * High relative strength in the Industrial sector * Mostly sideways price action historically but recently broke out of a multi year base that dates back to '08 ($66.45) * Retested the broken multi-year base as support before continuing to make higher moves * Sitting right above broken resistance of $85.77 with higher than average volume Trade Idea: * You can enter now if you don't mind a little volatility as the price is very close to the broken level * Or, given the recent bases, this may consolidate for a few days near $85.77 as the volume starts to drop * If you decide to wait, keep an eye out for an increase in volume before getting in. * If this stock comes back on my radar I'll post about it as that would be a better entry; but for now, this is good.
ALong
by HaseebKhan_90
SYK offering a pocket pivot entry!* Excellent earnings * Very strong up trend * Very high 3-month relative strength in the Healthcare sector * Pocket pivot occurred on the right side of the basing pattern with high volume * Steady increase in price shows tonnes of institutional demand Trade Idea: * Now's the perfect time to get in as recent volume is indicating institutional interest * The entry from here has very little to no overhead resistance * Price closed above $274.69 which puts more probability in our favor of the price going higher * A daily close below $274.69 would expose $266.76 as the next level of support
NYSE:SYKLong
by HaseebKhan_90
BYD is looking ready to move higher!* Great earnings * Strong up trend * High relative strength in the Consumer Cyclical sector * Recently broke above a multi-year base at $50.32 * Has been basing ~8 months * Forming a tight consolidation at the right side of the base * Breaking out with higher than average volume * Maximum probable ROI on this trade would be ~29% Trade Idea: * Now's the right time to enter as the price isn't too far away from the broken level. * If you're looking for a slight discount you can look for buying opportunities near the $66.62 area * A break and daily close below $66.62 would expose the $63.54 level as support.
NYSE:BYDLong
by HaseebKhan_90
PH had a strong earnings gap up!* Great earnings * Very strong up trend * High relative strength in the Industrial sector * Broke out of a ~7 month consolidation period with very high volume (162.6% above average) Note: With very high volume on earnings, this very well may be a break away gap and may continue going higher from here. Trade Idea: * You can enter now and ride higher. * Or you can look for buying opportunities near the $321.65 area * A daily close below $321.65 would expose $311.70 as the next key support which should hold firmly.
NYSE:PHLong
by HaseebKhan_90
PRFT offering another entry before shooting higher!* Excellent earnings * Very strong up trend * High RS in the Tech sector * Testing broken resistance as support of a ~2 month consolidation * Very high volume (178.3% higher than average) Trade Idea: * Usually when a stock breaks out, comes down and offers another entry it means it's ready to go higher. * Given the volume, it seems like institutions are interested in the stock * As always, now's the time to jump on board!!!
PLong
by HaseebKhan_90
LXP breaking out of a tight consolidation with high volume!* Good earnings * Strong up trend * High relative strength in the Real Estate sector * Pays out dividends generously * Breaking out of a very tight 2.64% range with 104.98% higher than average volume. * This can also be considered a Pocket Pivot breakout Trade Idea: * Now is the perfect time to get in as the price is still very close to the broken range resistance. * It's also presenting a Pocket Pivot breakout which shows strong institutional interest in the stock
NYSE:LXPLong
by HaseebKhan_90
BG breaking out of a multi-year base!* Steady earnings * Starting a new trend higher * High relative strength in the Consumer Defensive sector * Pays dividends * Breaking out of a base that dates back to 2007 with higher than average volume (42.34% higher) * Forming a very well shaped cup and handle pattern * Maximum probable ROI for this trade is 24.83% Trade Idea: * This is the perfect time to get in as the price is still very close to the level being broken. * You can see that the price did try to break out a few days ago but now it's trying to break again! * If you're looking for a discount you can look for buying opportunities near the $88.85 area as that should serve as support
NYSE:BGLong
by HaseebKhan_90
MAR showing signs it's ready to go higher!* Great earnings * Strong up trend * Very high RS in the Consumer Services sector * Earnings steadily increasing quarter over quarter * Breaking out of a ~8 month consolidation with higher than average volume * Recently broke a long term resistance of $152.78 that dates back to 2019 and retested it as support for ~5 weeks Trade Idea: * Now is the perfect time to get in as the price is really close to the broken level and it's also picking up on volume. * If the earnings are good, this has a great chance of a break away gap.
NASDAQ:MARLong
by HaseebKhan_90
2
PBH broke out again with volume!* Great earnings * Strong up trend * High RS in the Healthcare industry * Breaking out of a ~13 week consolidation with higher than average volume (93.18%) * Recently broke back above $57.53 that has been resistance since 2016 Trade Idea: * If you can stomach a little volatility, now is the perfect time to get in since the price isn't too far from the broken level and it's breaking out on higher than average volume. * However, looking at the weekly chart I think PBH may consolidate for a couple of days before heading higher. * If you're not getting in now, do keep an eye on this one for sure!
NYSE:PBHLong
by HaseebKhan_90
ASGN giving another entry before heading higher?* Excellent earnings * Very strong up trend * High relative strength in the Industrials sector * Offering another entry point for those that missed the initial break out * High volume entry point (64.63% higher than average) Trade Idea: * As always, this is a great time to enter as it's very close to the level and close to its EMA as well. * If you wanna look for a slight discount you can wait for a buying opportunity near the 118.26 area as it should serve as support moving forward.
NYSE:ASGNLong
by HaseebKhan_90
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