NIVABUPANIVABUPA showing resistance breakout with decent volume and can go up to the recent arc curve depth ie approx 18%. It is very strong on weekly chart as well. Closing below 85 may change the view. keep it in your watchlist
Strongvolume
ZYDUS LIFE SWING BOThe stock showing a breakout with strong volumes.
For a successful breakout, we should ideally see a strong 1H candle on our chart—it’s crucial to use that timeframe.
Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle
As always, remember to do your own research before making any investment decisions!
MELI - could be ripe for breakup soonThere are several factors that are aligning in MELI's favour for sustainable recovery in the near future (minor pullbacks not withstanding):
1. Since hitting the low in June2022, it began to whip saw sideways within an ascending triangle pattern. This is a possible reversal pattern when formed after a downtrend.
2. A golden cross on 22 Dec2022: another signal that the trend is possibly reversing up although the stock could still continue to whipsaw for several weeks (sometimes up to a couple of months) until the 200day moving average could flatten or start turning up.
3. Very strong volume in the last 2 days that propelled the stock to move 15.6% in just 2 days to retest the neckline of the ascending triangle.
Watching to see if a (valid) breakup will materialise in the near future (perhaps after the next minor pullback).
Disclaimer: Just my 2 cents and not a trade advice. I may or may not enter into this trade. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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
RVNBTC | Apex | Symmetrical Triangle | Breakout Imminent Todays chart – RVNUSDT – Attempting to break the symmetrical triangle formation as it nears the apex
Points to consider:
- support and resistances converging (apex)
- Bullish Price action (sellers bought up)
- RSI above 50
- Strong volume
RVN trading within a mature symmetrical triangle where buyers have consistently bought up the sellers throughout the formation.
RSI breaking above 50 showing increasing strength in the market supporting the bullish bias.
Strong volume node is present, increasing volume follow-through is key for a continuation of this break.
Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the formation (aggressive entry) as both technical targets align with structural resistance.
What are your thoughts? Let me know in the comments below!
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As always, focus on you - and the money will too!
BHR first bullish correction after March's sell-offThe stock is now making its first bullish correction clearing a daily Resistance (Ascending Triangle Pattern). The breakout is accompanied by a higher volume. BHR has plunged in MArch dropping more 70%.
HOV: Strong Volume at Daily ResistanceHOV is bouncing from a weekly Support.
The stock has established a daily range and is attempting to break it. The last daily candle has closed at the Resistance level with strong volume.
I will be observing the breakout in this session. For me, it is a neutral bias until the level is clearly broken. When the breakout happens and the price goes above the level with a reasonable distance, we can either go long or wait for a correction to the level.
RHI breaks out Ascending Triangle - Wait for Bullish Candles(s) RHI found support in the weekly chart and is coming with bullish momentum.
In the daily chart, we have a breakout of an ascending triangle. The stock opened with a gap above the breakout with a strong volume before pulling back and closing above the current S/R.
The ideal way to go long is by waiting one or two bullish candles on the Daily time frame to confirm the pullback is over. The target could be the previous weekly/Daily S/R.
Waiting for CARG to breakout Daily Ascending TriangleI do not have enough history for both weekly and monthly charts to see if there is previous S/R, the stock may want to bounce off.
However, we have an ascending triangle forming in the daily chart and we can notice a relatively strong volume bar at a level below the anticipated breakout.
The only way to go long is to wait for a clear breakout and to wait for a retest (preferably in Daily Time Frame if possible).
Daily Ascending Triangle forming with strong volumeHGV was in a strong bearish trend in the weekly time frame. The stock is forming an ascending triangle in the daily time frame with the last bullish candlestick is accompanied by a strong volume bar.
To go long, we need to wait for a clear daily breakout and preferably a retest. The first potential target could be the weekly/Daily S/R
MGY: Daily Breakout with strong volumeMGY is in strong bearish trend in the weekly time frame. However, the stock has been establishing a good base in the daily time frame. The daily breakout was accompanied by strong volume.
Waiting for a triangle breakout with strong volumeLITE is forming a symmetric triangle in Daily charts and we need a strong breakout either way accompanied by strong volume.
Earnings Report is due on April 29.
Head and shouldersPreviously I published this idea with a false broke of neck line.
This time, it clearly broke with strong volume.
I'll wait for retest of neck line, then i'll sell it.
RSI divergence and is descending.
Good trade!!!
INTU Breaks to the UpsideINTU is completing a very short-term bottom formation, and moved up on strong volume. The all time high is well above the price for a Swing Trade run on momentum.
