Breakout and Gap Stocks

StockConsultant_com

Active member
198 2
Started this thread to share some of my favorite stock chart setups: breakouts (new highs) and stocks with upside gap breakouts.

Stocks listed will have good volume averaging > 600k shares per day and are listed stocks (no BB or pennies).

As always please do your own DD as these posts are just my opinions and could all be BS.

Start with the first stock.

APOL

Today APOL confirmed breakout into the gap. Gap is pretty large with resistance above some 24% higher.

BREAKOUT CONFIRMED breakout above 20.97, no resistance in area just above.
Type: True breakout from double resistance.
Target: 23.87, 11.5% Stop: 20.43, Loss: 4.5%, Profit/Loss ratio: 2.6 : 1 - Good

CURRENT PRICE 21.4, just above resistance, 20.37 ± 0.59, type double, strength 10

RESISTANCE ABOVE +24.5% at 26.64 ± 0.77, type double, strength 4
+34.1% at 28.7 ± 0.83, type triple+, strength 5
+40.8% at 30.14 ± 0.87, type single, strength 5

APOL_12_13b.png
 
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StockConsultant_com

Active member
198 2
GDOT

GDOT breaking out into a large gap with volume on the rise.

BREAKOUT CONFIRMED breakout above 13.42, no resistance in area just above.
Type: True breakout from double resistance.
Target: 15.45, 14.7% Stop: 12.79, Loss: 5%, Profit/Loss ratio: 2.9 : 1 - Good

CURRENT PRICE 13.47, just above resistance, 12.98 ± 0.43, type double, strength 4

RESISTANCE ABOVE +50.8% at 20.31 ± 0.67, type single, strength 3
+59.5% at 21.49 ± 0.71, type triple, strength 10

GDOT_12_17.png
 

StockConsultant_com

Active member
198 2
BAC

nice confirmed continuation breakout from recent bull flag

BREAKOUT CONFIRMED breakout above 10.78, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 11.67, 7.6% Stop: 10.54, Loss: 2.9%, Profit/Loss ratio: 2.6 : 1 - Good

CURRENT PRICE 10.85, just above resistance, 10.58 ± 0.2, type single, strength 5

RESISTANCE ABOVE None.

BAC_12_17.png
 

StockConsultant_com

Active member
198 2
CTCT

CTCT another bottom gap breakout with next resistance higher at 16 area (+17%)

BREAKOUT CONFIRMED breakout above 13.67, no resistance in area just above.
Type: True breakout from double resistance.
Target: 15.53, 11.9% Stop: 13.15, Loss: 5.3%, Profit/Loss ratio: 2.2 : 1 - Good

CURRENT PRICE 13.88, just above resistance, 13.29 ± 0.37, type double, strength 2

RESISTANCE ABOVE +17.4% at 16.29 ± 0.46, type double, strength 10
+23.6% at 17.16 ± 0.48, type double, strength 6

CTCT_12_17.png
 

StockConsultant_com

Active member
198 2
JPM

looks like JPM is trying to join BAC in the recent breakout

BREAKOUT WATCH for possible breakout above 43.55, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 46.22, 6.6% Stop: 42.6, Loss: 1.8%, Profit/Loss ratio: 3.7 : 1 - Excellent

CURRENT PRICE 43.37, at resistance, 42.96 ± 0.6, type triple, strength 7

RESISTANCE ABOVE None.

JPM_12_17.png
 

StockConsultant_com

Active member
198 2
NOK and HERO

similar looking charts, both confirmed bull flag breakouts

NOK:

BREAKOUT CONFIRMED breakout above 3.95, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 4.51, 12.5% Stop: 3.81, Loss: 5%, Profit/Loss ratio: 2.5 : 1 - Good

NOK_12_17.png



HERO:

BREAKOUT CONFIRMED breakout above 5.29, no resistance in area just above.
Type: True breakout from double resistance.
Target: 5.81, 9.6% Stop: 5.1, Loss: 3.8%, Profit/Loss ratio: 2.5 : 1 - Good

HERO_12_17_2.png
 

StockConsultant_com

Active member
198 2
EXC

heres another bottom gap breakout the last one posted CTCT is making a big move today.

BREAKOUT CONFIRMED breakout above 30.35, no resistance in area just above.
Type: True breakout from double resistance.
Target: 32.09, 5.7% Stop: 29.71, Loss: 2.2%, Profit/Loss ratio: 2.6 : 1 - Good

CURRENT PRICE 30.37, just above resistance, 29.98 ± 0.36, type double, strength 8
RESISTANCE ABOVE +16.9% at 35.49 ± 0.43, type triple, strength 8
+19.5% at 36.28 ± 0.44, type double, strength 2

EXE_12_18.png
 

StockConsultant_com

Active member
198 2
NOK and HERO

similar looking charts, both confirmed bull flag breakouts

NOK:

BREAKOUT CONFIRMED breakout above 3.95, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 4.51, 12.5% Stop: 3.81, Loss: 5%, Profit/Loss ratio: 2.5 : 1 - Good

NOK_12_17.png



HERO:

BREAKOUT CONFIRMED breakout above 5.29, no resistance in area just above.
Type: True breakout from double resistance.
Target: 5.81, 9.6% Stop: 5.1, Loss: 3.8%, Profit/Loss ratio: 2.5 : 1 - Good

HERO_12_17_2.png

Good follow through on NOK and HERO breakouts today

NOK_12_18.png


HERO_12_18.png
 

StockConsultant_com

Active member
198 2
CTCT

CTCT another bottom gap breakout with next resistance higher at 16 area (+17%)

BREAKOUT CONFIRMED breakout above 13.67, no resistance in area just above.
Type: True breakout from double resistance.
Target: 15.53, 11.9% Stop: 13.15, Loss: 5.3%, Profit/Loss ratio: 2.2 : 1 - Good

CURRENT PRICE 13.88, just above resistance, 13.29 ± 0.37, type double, strength 2

RESISTANCE ABOVE +17.4% at 16.29 ± 0.46, type double, strength 10
+23.6% at 17.16 ± 0.48, type double, strength 6

CTCT_12_17.png

CTCT filling the gap

CTCT_12_18.png
 

StockConsultant_com

Active member
198 2
Started this thread to share some of my favorite stock chart setups: breakouts (new highs) and stocks with upside gap breakouts.

Stocks listed will have good volume averaging > 600k shares per day and are listed stocks (no BB or pennies).

As always please do your own DD as these posts are just my opinions and could all be BS.

Start with the first stock.

APOL

Today APOL confirmed breakout into the gap. Gap is pretty large with resistance above some 24% higher.

BREAKOUT CONFIRMED breakout above 20.97, no resistance in area just above.
Type: True breakout from double resistance.
Target: 23.87, 11.5% Stop: 20.43, Loss: 4.5%, Profit/Loss ratio: 2.6 : 1 - Good

CURRENT PRICE 21.4, just above resistance, 20.37 ± 0.59, type double, strength 10

RESISTANCE ABOVE +24.5% at 26.64 ± 0.77, type double, strength 4
+34.1% at 28.7 ± 0.83, type triple+, strength 5
+40.8% at 30.14 ± 0.87, type single, strength 5

APOL_12_13b.png

APOL entering the gap

APOL_12_18.png
 

StockConsultant_com

Active member
198 2
JNPR

confirmed triple top breakout above 19.91

BREAKOUT CONFIRMED breakout above 19.91, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 21.78, 7.6% Stop: 19.56, Loss: 3.4%, Profit/Loss ratio: 2.2 : 1 - Good

CURRENT PRICE 20.25, just above resistance, 19.49 ± 0.41, type triple, strength 9

RESISTANCE ABOVE None.

JNPR_12_18.png
 

StockConsultant_com

Active member
198 2
NUVA

on edge of gap breakout

it's spent 3 months below 15, starting to make it's way into the gap

BREAKOUT WATCH for possible breakout above 15.5, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 17.32, 14.4% Stop: 14.63, Loss: 3.4%, Profit/Loss ratio: 4.2 : 1 - Excellent

CURRENT PRICE 15.14, at resistance, 15.1 ± 0.41, type single, strength 1

RESISTANCE ABOVE +24.6% at 18.86 ± 0.51, type double, strength 6
+30.4% at 19.74 ± 0.53, type single, strength 3
+35.7% at 20.54 ± 0.55, type single, strength 2

NUVA_12_19.png
 

StockConsultant_com

Active member
198 2
CPRT

flat top for a month is starting to show some signs of breaking to the upside

BREAKOUT WATCH for possible breakout above 30.68, no resistance in area just above.
Type: True breakout from double resistance.
Target: 32.36, 6.3% Stop: 29.94, Loss: 1.6%, Profit/Loss ratio: 3.9 : 1 - Excellent

CURRENT PRICE 30.44, at resistance or support, 30.34 ± 0.33, type double, strength 10

RESISTANCE ABOVE None.

CPRT_12_20.png
 

StockConsultant_com

Active member
198 2
LNG

LNG back up at the double top with some good volume going to make another breakout attempt

BREAKOUT WATCH for possible breakout above 18.54, no resistance in area just above.
Type: True breakout from double resistance.
Target: 20.66, 13.2% Stop: 17.75, Loss: 2.7%, Profit/Loss ratio: 4.9 : 1 - Excellent

CURRENT PRICE 18.25, at resistance, 18.08 ± 0.45, type double, strength 10

RESISTANCE ABOVE None.

LNG_12_20.png
 
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