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Basingbottom

Is $CPRX ready to break out of its cup and handle?Notes: * Strong up trend * Okay earnings track record * Basing for the past ~8 weeks * Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern * Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 23.86 Relative Strength vs. SP500: 4.28 U/D Ratio: 1.21 Base Depth: 45.07% Distance from breakout buy point: -18.82% Volume 14.75% above its 15 day avg. Trade Idea: * You can enter now as the price is rising with higher than average volume off of its 50 EMA * Another reason for entering would be that it printed a pocket pivot * If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance
NASDAQ:CPRXLong
by HaseebKhan_90
$FPI is coming up on the right side of its base!Notes: * Strong up trend * Not the best earnings record but the last report was really good * Creating a base within a base * Recently broke above historical highs of 14.42 * Increasing volume since the last earnings report * Recently bounced off of the 50 day line with bullish price action and volume Technicals: Sector: Real Estate - REIT - Specialty Relative Strength vs. Sector: 1.23 Relative Strength vs. SP500: 2.49 U/D Ratio: 1.25 Base Depth: 22.36% Distance from breakout buy point: -9.29% Volume 57.34% above its 15 day avg. Trade Idea: * You can enter now as the price is just coming off of the 50 day line with increasing volume * If you're looking for a better entry you can look for one around the 14.42 area as that should serve as support moving forward * This stock usually has local tops when the price closes around 18.47% above its 50 EMA * Consider selling into strength if the price closes 18.27% to 18.67% (or higher) above its 50 EMA * The last closing price is 4.8% away from its 50 EMA
NYSE:FPILong
by HaseebKhan_90
Is $PBH ready to go higher?Notes: * Strong up trend * Health care sector showing strength * Breaking historical all-time-highs of $57.9 with a very bullish week * Recently bounced from the 200 Day line and the 10 week line with very bullish price-action Technicals: Sector: Healthcare - Medical Distribution Relative Strength vs. Sector: 3.34 Relative Strength vs. SP500: 1.82 U/D Ratio: 1.35 Base Depth: 22.61% Distance from breakout buy point: -6.66% Volume 12.47% above its 15 day avg. Trade Idea: * Better trade entry would've been on Thursday but you can still enter now as the price is still close to its 50 day line * If you're looking for a better entry you can get in around $59, it's been serving as a pivot point * Manage risk under 57.9
NYSE:PBHLong
by HaseebKhan_90
WY offering a Pocket Pivot setup!* Good earnings * Very strong up trend * High 3 month relative strength in the Real Estate industry * In a constructive basing pattern for the past 7 months that's rounding out * Stable volume with increasing price * Pocket pivot occurred on the right side of the basing pattern. Trade Idea: * You can enter now as indicated if you don't mind a little volatility * Or if you're looking for a slight discount you can look for buying opportunities near the $36.47 area Note: Pocket pivots offer an early entry prior to breakouts. The volume indicates institutional interest.
NYSE:WYLong
by HaseebKhan_90
SCUSD Cup and Handle 1DSo SCUSD was requested by a follower of mine and I am charting this blind. I literally have not looked into this coin at all. However, I see an extremely strong base which formed a nice cup with a very small handle. Personally I would like to see a bigger handle, but that is a minor gripe. Regardless, there is a strong basing pattern, it is sitting above the strongest support, it is right on top of the 200MA, and it is consolidating. I see upward momentum here.
KRAKEN:SCUSDLong
by mysticalwalrus
7
VHC 5+ Year Symmetrical BasingBasing process began Sep 2014, exhibiting almost perfect symmetry, more recent price support found above flattening 200 Week MA (black line) and support found by On Balance Volume indicator convey upside breakout is approaching. Weekly RSI has begun to hold RSI 50 EMA and most recently the 10 EMA (dotted purple line, orange line is 10 EMA), which I consider to be another clue that strength is building. Holding the above the $6.00 level is critical to maintain bull thesis, I am looking at that 7.50 level to enter a trade. Measured move target is about $13, and given the magnitude of this basing process I think it could get there with some expediency if upside breakout occurs.
VLong
by ETrades1