Downloading...
Download

Resistancebreak

ULTA looking to make new all time highs!ULTA (Ulta Beauty, Inc) is testing resistance around the $355 area that dates back to mid 2019. Fundamentally, * It's undervalued with a PEG of 0.77 * Its earnings per share is expected to grow over the coming year. Technically, * General up trend * Beta > 1 (following the general market trend) * Broke above the resistance of $315 that dates back to 2017 and retested it as support * It's approaching and testing resistance that dates back to 2019 and is looking to break through Final thoughts: * This is a good long term hold as the company is generally doing really well. * It's currently undervalued, meaning it's actually worth more than the current price. * Now would be a good time to get in if you're looking to hold this for the long term. * If you're looking for a discount, look for buying opportunities around the $340 area * If the price closes below $340 then look for buying opportunities around the $330 area. Alternatively, if you like to buy high and sell higher, you can look for the price to make a weekly close above $355.36.
NASDAQ:ULTALong
by HaseebKhan_90
LSCC forming an ascending triangle!LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle. As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as support. Semiconductor stocks are hot right now and with earnings coming up LSCC may be making a break for it sooner rather than later. Fundamentally: * LSCCs earnings per share is expected to grow over the coming year * It has been performing really well with an 83.63% growth over the past year. Technically: * Seeing the rejection from its highs, it seems like the stock may revisit the $55 or $55.40 price before making higher moves. So look for buying opportunities in that range if you're looking for a discount. * If discounts aren't your thing, look for a buying opportunity following a daily close above $58.38 * On the contrary, a close below $55 could send the price lower to retest the support of the ascending triangle. Which would be an even better discount given how well semiconductor stocks are doing. Target: * If the pattern confirms and the breakout takes place, the target for this break would be in the $77.60 area.
NASDAQ:LSCCLong
by HaseebKhan_90
CMCSA trying to break out!CMCSA has been forming an ascending triangle since March of 2021. With a Beta of over 1, the clear up trend on the weekly and even monthly makes sense. With a Payout of 36.80% CMCSA guarantees a lot of room for growth and further dividend increases as well. Technically: * Looking at the price action over multiple time frames it seems like CMCSA may be breaking out in the coming week. Trade Idea: There are a few things you can do to enter this trade. * You can enter now before the breakout. This would give you a nice return. * It may dip a bit before trying to break resistance again so you can look for buying opportunities around the $57 area. * Or ultimately you can wait for a clear break of this resistance before entering. ** The measured objective (target) for this pattern break out would be in the $65.78 area Regardless of what you choose CMCSA is a great long term hold and is positioning itself for a move higher.
NASDAQ:CMCSALong
by HaseebKhan_90
WMS finally broke... but can it hold?I last discussed this July 1st, 2021. I mentioned how I thought this would come back and retest the $114 area. Since then it's given multiple buying opportunities around $114 and now it has finally broken out. Question now is, can it hold? WMS has broken out of the resistance zone of $117.90 with relatively more volume but I still think it's not enough. Trade idea: * WMS may come back to retest the $117.90 area and consolidate there for a bit before moving higher. * Look for buying opportunities around the $117.90 area. Notes: * In general WMS has been performing really well and is in a general up trend. * With a payout ratio of 13.70% WMS makes sure it has more than enough capital for further growth and increase its dividends over time. This is a GREAT long term buy and hold for your portfolio!
NYSE:WMSLong
by HaseebKhan_90
STOR making higher moves to challenge all-time-highs!STOR has been on a rampage since the March 2020 crash. It has been breaking one pivot point after another. The 2016 highs ($31.44) were broken and served as support in 2019 and support again in Feb 2020. The price broke above again in November 2020 and $31.44 has served as support since. Now the price is challenging $36.40 which served as support for 5 months before the 2020 crash. The price did break above $36.40 and if the price makes a weekly close above $36.40 we may be looking at a run at the all-time-highs of $40.78. A run at the all-time-highs wont happen over night. It may take weeks or even months to get there but until then we'll ride the wave. Trade idea: * Wait for a weekly or monthly close above 36.40 as a confirmation. OR * Wait for the break but also wait for a retest as a show of confirmation that the price wants to go higher
SLong
by HaseebKhan_90
AMD looking to end year long consolidationAMD is looking to end its year long consolidation and look to new horizons. Thoughts: * Looking at the weekly or even monthly time frames you can see it's in a clear up trend * It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs. * Very high trading volume likely to push the price higher from here. Trade idea: * Judging by the price-action it seems like this may come back to retest the $87.40 area. * Look for buying opportunities around the $87.40 area. OR * Wait for a weekly confirmation (break and close) above $94.28
NASDAQ:AMDLong
by HaseebKhan_90
HCA pressuring to break all-time-highHCA is consolidating after a large move up. Buying pressure came in on 25th of June 2021 and set $204 as support. Since then buying volume has decreased but not by a lot. That's why HCA is positioning it self for a breakout. Looking at the longer time-frames, it's showing a clear up trend and it's also expected to grow its earnings-per-share over the coming year. Looking at the price-action HCA may come back to retest the $212.50 to $214.30 region before making a move higher. A break below $212.50 could send the price to retest the support of $200. Final Thoughts: * Good long term hold * Pays dividends * Buying pressure from June 25th, 2021 set $204 as a solid support pushing the price higher Two things you can do from here if you want to trade this * Look for buying opportunities around $212.50 and $214.30 * Wait for a clear break of $217.36 * A break and close below $212.50 may negate the immediate bullish outlook
NYSE:HCALong
by HaseebKhan_90
FAST trying to make new all-time-highsFAST is trying to break through and close above its recent all-time-high of $54.31. Good news is that it's holding its previous all-time-high of $51.89 as support. With buying pressure slowing down it may come back down to retest the $52.50 to $53.10 area as support before making another attempt at breaking and closing above $54.31 Final thoughts * Strong up trending stock * Expected to have earnings-per-share growth over the coming year * Great long term hold as it pays dividends Trade Idea * Look for buying opportunities around the $52.50 to $53.10 area OR * Wait for a confirm break and close above $54.30
NASDAQ:FASTLong
by HaseebKhan_90
5
UDR approaching all-time-highs with tonnes of buying pressureUDR is extremely close to breaking its all-time-highs from February 2020. Not only that but it's been on an absolute tear for the past 7 months. That's 7 consecutive months it has been closing green. Taking a look at the volume coming in, it seems like it will break in the coming week. Not only is this setting up for a great trade, it's also a great long term hold. This REIT has proven to come out of a crash only to do even better than before. Final thoughts: * Strong up-trend with tonnes of volume * Approaching February 2020 all-time-highs * Great long term hold as REITs pay out generous dividends Trade Idea * This is a long term resistance so do wait for a confirmation of the breakout on the weekly time frame. A break and hold above $51.25 would be the signal. * A rejection from here could send UDR back to around $48.90. Which, given how well it's doing, would be a great entry point
NYSE:UDRLong
by HaseebKhan_90
AAP breaking out but can it hold?* Making new all-time-highs * Expected to better in the coming year * Beta of over 1 * Not much volume following the break or even before the break * Has been consolidating since 2015 and recently broke out again from $201.24 * Good long term hold as it pays out dividends * This did break the recent all-time-highs of $210.18 but not with a lot of volume * It broke the previous all-time-highs of $201.24 but couldn't hold Final thoughts: Look for buying opportunities around the $205.60 OR Wait and see how the price reacts to breaking $210.18
NYSE:AAPLong
by HaseebKhan_90
SYNH Broke out of after months of consolidationIt's been months since SYNH has been consolidating and it finally broke out today. Tonnes of buying pressure came in early June that proved $80.30 as a solid support level. Since then SYNH has been heading up. Looking at the weekly or even monthly charts you can see that the company's been doing really well with the stock showing a clear up trend. With the stock making a new all-time-high and the company expected to well in the coming year, it's clear that the stock should continue to move higher. Technicals * Stock made a double bottom * Confirmed the double bottom as it broke and closed above $89.95 * Measured objective for this pattern would be around $99.61 Final thoughts * Breakout wasn't with a lot of volume so be on a look out for a retest of the broken level * Look for buying opportunities around the breakout point between $88.90 and $90
SLong
by HaseebKhan_90
CNC retesting multi-year resistance! Will it finally break?CNC has had $74.50 as resistance since mid 2018 and it's currently being tested again. Recently the Price Action has been sticking very close to this resistance. This generally indicates that a breakout is imminent. If you go back to 2018 you can see that the PA has never stuck this close to the resistance point. Will it break? Your guess is as good as mine. Judging from the bullish PA, I'm going to put money on it breaking out. Volume is also signalling towards a breakout. Final thoughts: * Long term view shows a steady up-trend * Price sticking close to multi-year resistance * Day-to-day price action and volume shows that it's ready for a break * Look for buying opportunities once a breakout is confirmed. I'd be looking for a weekly close and hold above $74.50 This is one to keep an eye on in the coming weeks. P.S: This is the monthly log chart of CNC
NYSE:CNCLong
by HaseebKhan_90
APH broke out with volume, can it hold?APH broke out from resistance with volume on Friday July 2nd. The question now is, can it hold. On Friday, APH gaped up with volume and closed above the 4 month resistance that was forming around the $69.10 area. Not only has APH broken out of resistance, it has also broken out of this ascending triangle. Making new all-time-highs, breaking out of a long consolidation period with buying power demonstrates that APH is poised to move higher. I do, however, think that it'll consolidate at this level for a day or two before moving higher. Final Thoughts: Making new all-time-highs Broke out of a 4 month resistance Steady up-trend looking at the weekly or even monthly charts Great long term hold as it also pays dividends Look for buying opportunities around the $69.10 to $69.40 area
NYSE:APHLong
by HaseebKhan_90
DXCM breaking out of 4 month consolidationDXCM has been in consolidation over the past year and within that it's been forming a smaller range since Feb of 2021. The smaller range has broken out with a lot of buying pressure and is now testing the broken resistance as support. Three things make this breakout significant. 1. It broke out with a lot of volume 2. It's retesting the broken resistance of $423.40 and is indicating that there's demand for this company at this level 3. It's also using the 10 EMA as support These confluences indicate that DXCM is positioned to go higher in the coming weeks and months. Looking at the weekly or even the monthly chart you can see that there's a clear up trend. Next stop is the all-time-highs at $456.23! Final Notes: * Clear long term up trend * Broke out of smaller range with a lot of buying pressure * Using multiple confluences to build a solid support.
NASDAQ:DXCMLong
by HaseebKhan_90
EL looking to break out of YTD consolidationGive or take EL has been consolidating since the beginning of 2021 and is now positioning itself for a nice break out. Before the official break out I do think it'll revisit the $308 to $310 area. Currently it's testing resistance and has decent volume as well. Looking at the weekly or even the monthly chart we can see a clear up trend. Final Notes: If you want to get in early, look for buying opportunities in the $308 to $310 range If you want to be more conservative wait for a break and close above $318.34 with decent volume.
NYSE:ELLong
by HaseebKhan_90
UNI-USDTWith the current crash in the crypto markets, Uniswap too got trapped in the windfall wherein it plunged by ~65% from its trading price of ~$45 on May 3. From its recent low of $13, it has gained more than ~100% and its CMP IS $28.8 at the time of writing, which is still ~36% short of its all-time high. As per smaller TF’s (4Hr and Daily), UNI has managed to close above its 20 and 50 EMA and these EMA's are likely to act as support for UNI price and act as a cushion whenever the price approaches them. The immediate resistance is placed at $29. Closing above the level may witness UNI making higher high and higher low formation and on the higher side, it may face resistance at a level of $35 followed by $39. The support to the lower side is present at $26 while $23 will serve as the next level of support.
Long
by TradeDog-Research
BNB-USDT(Consolidation Breakout)Binance is the talk of the town and is trading near its all-time highs fueled by ~$595 Mn token burn and its conviction to reduce its current circulating supply to 100 Million has motivated market participants to price it a premium valuation. The insignificant growth of the DeFi protocols on Binance smart chain has also contributed for pushing the BNB price higher. On Daily Time Frame, BNBUSDT gave a Breakout from the Wedge Formation and made its high of $680 (May 3, 2021). It was eaten away by the Bearish Engulfing Candle the following day. However, it was not supported by huge volumes which undermined the power of the bearish momentum. The consolidation after the breakout from the Wedge has also been done away with by a strong Bullish candle in the making. Key Levels to Watch Out For- The support to the lower side is present at $600 while BNB may give targets of $840 to the higher side.
Long
by TradeDog-Research
2
ZRX-USDT(Level Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 375 Million at the time of writing. The volume is up ~7.5% on a 24 Hr basis. In the trailing 90 days, the major hurdle in the upward journey of ZRXUSDT is present at $2 . While on April 9, ZRX broke out the level and seemed cherished to move to new highs, it proved out to be a Fake Breakout and ZRX again fell to the levels of $1.25 . On May 6, ZRX on Daily Time Frame has again given a decent breakout above $2 and is more probable than earlier to move to new highs. Key Levels to Watch Out For: ZRX has been trading in a pattern somewhat similar to Cup and Handle Pattern and has given a breakout. The support to the lower side is present at $1.95 while it may easily give a target of $2.84.
Long
by TradeDog-Research