breakouTTips
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I will post on this thread stocks that are poised for breakouts, those that are building strong continuation and reversal patterns such as triangles, flags, pennants, rectangles, wedges..
Stocks Poised for Breakouts
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breakouTTips
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ISRG and TBBK
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BIDU above 232
breakouTTips
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breakouTTips
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breakouTTips
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Tsla
After a sharp decline of almost 10% on Monday Tesla Motors, Inc. (TSLA) has been in consolidation the rest of week right above very important technical level in 247-250 zone where 50MA, 1 year long trend line and Fibonacci retracement level together form strong support but which if broken is also potentially inflection point that could lead to further decline toward 235 and 220 area. According to this I am looking to increase my current small short position once(if) last week low at 247 zone is broken, initial stop in 265 zone.
After a sharp decline of almost 10% on Monday Tesla Motors, Inc. (TSLA) has been in consolidation the rest of week right above very important technical level in 247-250 zone where 50MA, 1 year long trend line and Fibonacci retracement level together form strong support but which if broken is also potentially inflection point that could lead to further decline toward 235 and 220 area. According to this I am looking to increase my current small short position once(if) last week low at 247 zone is broken, initial stop in 265 zone.
breakouTTips
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Apple Inc. (AAPL)
After a strong performance in August of almost 10% Apple Inc. (AAPL) is consolidating in a narrowing range which looks like a bullish pennant pattern and which is now building upside pressure at 103 resistance. If breakout occurs in the coming days -- what current pattern suggest we could see acceleration of prices toward 104-106 range. Pennant pattern support trend line should be used as initial stop while target is projected with Fibonacci extensions.
After a strong performance in August of almost 10% Apple Inc. (AAPL) is consolidating in a narrowing range which looks like a bullish pennant pattern and which is now building upside pressure at 103 resistance. If breakout occurs in the coming days -- what current pattern suggest we could see acceleration of prices toward 104-106 range. Pennant pattern support trend line should be used as initial stop while target is projected with Fibonacci extensions.
breakouTTips
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Pii
breakouTTips
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Fb
Facebook, Inc. (FB) is within few stocks which price was not affected with the recent market correction, but the opposite, it is building pressure at upper rising trend line which if broken could accelerate prices toward the new all time highs in 80-84 range. Price to watch for entry 79.5, initial stop should be set below 20SMA at 77 area, and targets are projected with Fibonacci extensions - prices are annotated on the chart below...
Facebook, Inc. (FB) is within few stocks which price was not affected with the recent market correction, but the opposite, it is building pressure at upper rising trend line which if broken could accelerate prices toward the new all time highs in 80-84 range. Price to watch for entry 79.5, initial stop should be set below 20SMA at 77 area, and targets are projected with Fibonacci extensions - prices are annotated on the chart below...
fxstrategist
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Stocks
Thank you for the info and the time to post such detalied analysis.
Thank you for the info and the time to post such detalied analysis.
breakouTTips
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Cliffs Natural Resources Inc. (CLF)
Cliffs Natural Resources Inc. (CLF) - consolidating in a flag last couple of few days after strong bounce from Oct lows in 7 area. Has potential of another wave toward 11-12 range if it breaks 10 resistance
Cliffs Natural Resources Inc. (CLF) - consolidating in a flag last couple of few days after strong bounce from Oct lows in 7 area. Has potential of another wave toward 11-12 range if it breaks 10 resistance
breakouTTips
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Apd
Trade Candidate for Tomorrow:
Trade Candidate for Tomorrow:
breakouTTips
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Federated Investors, Inc. (FII)
Federated Investors, Inc. (FII) which has rallied about 15% in the past month, is poised to challenge a resistance line at around 31.50 that has contained prices on four occasions this year. If breakout occurs today/in the coming days prices could accelerated toward 33 zone on the short term.
Federated Investors, Inc. (FII) which has rallied about 15% in the past month, is poised to challenge a resistance line at around 31.50 that has contained prices on four occasions this year. If breakout occurs today/in the coming days prices could accelerated toward 33 zone on the short term.
Watch for breakout
On watch for breakout over 74.59. http://www.foxchart.com/index.php?symbol=d&go=Get+Chart
On watch for breakout over 74.59. http://www.foxchart.com/index.php?symbol=d&go=Get+Chart
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Century Aluminum Co. (CENX)
Century Aluminum Co. (CENX) broke 29.5 resistance after 3 month of consolidation, momentum likely to continue toward 32-33 zone short term. Initial stop below 28.
Century Aluminum Co. (CENX) broke 29.5 resistance after 3 month of consolidation, momentum likely to continue toward 32-33 zone short term. Initial stop below 28.
breakouTTips
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Chart in Focus (BABA)
Chart in Focus (BABA) - Wed Dec 10, 2014
Since it ran up almost 40% in October and November Alibaba Group Holding Limited (BABA) is consolidating in a bullish flag pattern which if broken could advance stock back toward 115-120 range.
Chart in Focus (BABA) - Wed Dec 10, 2014
Since it ran up almost 40% in October and November Alibaba Group Holding Limited (BABA) is consolidating in a bullish flag pattern which if broken could advance stock back toward 115-120 range.
breakouTTips
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After a strong up-move in December of more than 30%, athenahealth, Inc. (ATHN) is consolidating in the last 3 weeks in a bullish flag pattern with a very clear upper resistance descending trend line, which if broken in the coming days at around 144 zone could continue uptrend begun in mid-October of 2014.
Basic Trading Rules:
1. Follow the trend.
2. Never hold more than 20% of your portfolio in a single stock.
3. Always know what will be your max loss per trade (if a position is closed at initial stop loss). Use the following protection formula: Number of shares = Max loss per trade / (Entry - Stop loss).
4. Split every position in a single stock into 2-3 parts and use different exit strategies for every part. For example, if there are three parts you will sell 1/3 of a position at first target, 1/3 of a position at second target, and for the last 1/3 of a position use trailing stop strategy which allows you to let profits run and at the same time lock your profits.
5. Once (if) price reaches first target, adjust stop to break even.
6. Never hold position during earnings announcements.
7. Protect your positions in a stocks with higher risk such as small-cap pharmaceutical and drug stocks with options (if you are long in a stock, protect your position with a put option).
8. Avoid trading during the first 10-15 minutes of the market open.
Basic Trading Rules:
1. Follow the trend.
2. Never hold more than 20% of your portfolio in a single stock.
3. Always know what will be your max loss per trade (if a position is closed at initial stop loss). Use the following protection formula: Number of shares = Max loss per trade / (Entry - Stop loss).
4. Split every position in a single stock into 2-3 parts and use different exit strategies for every part. For example, if there are three parts you will sell 1/3 of a position at first target, 1/3 of a position at second target, and for the last 1/3 of a position use trailing stop strategy which allows you to let profits run and at the same time lock your profits.
5. Once (if) price reaches first target, adjust stop to break even.
6. Never hold position during earnings announcements.
7. Protect your positions in a stocks with higher risk such as small-cap pharmaceutical and drug stocks with options (if you are long in a stock, protect your position with a put option).
8. Avoid trading during the first 10-15 minutes of the market open.
Last edited:
breakouTTips
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Stock Pick for Thu, Jan 22, 2015: Level 3 Communications, Inc. (LVLT)
The stock is approaching resistance of its two-month rectangle pattern in which stock consolidate after a 25% gain during the November of 2014. If the breakout above $50 resistance occurs we could see a continuation of a trend toward 51-52 on the short term. For the initial stop loss 20SMA at 48.4 is used.
Basic Trading Rules:
1. Follow the trend.
2. Never hold more than 20% of your portfolio in a single stock.
3. Always know what will be your max loss per trade (if a position is closed at initial stop loss). Use the following protection formula: Number of shares = Max loss per trade / (Entry - Stop loss).
4. Split every position in a single stock into 2-3 parts and use different exit strategies for every part. For example, if there are three parts you will sell 1/3 of a position at first target, 1/3 of a position at second target, and for the last 1/3 of a position use trailing stop strategy which allows you to let profits run and at the same time lock your profits.
5. Once (if) price reaches first target, adjust stop to break even.
6. Never hold position during earnings announcements.
7. Protect your positions in a stocks with higher risk such as small-cap pharmaceutical and drug stocks with options.
8. Avoid trading during the first 10-15 minutes of the market open.
The stock is approaching resistance of its two-month rectangle pattern in which stock consolidate after a 25% gain during the November of 2014. If the breakout above $50 resistance occurs we could see a continuation of a trend toward 51-52 on the short term. For the initial stop loss 20SMA at 48.4 is used.
Basic Trading Rules:
1. Follow the trend.
2. Never hold more than 20% of your portfolio in a single stock.
3. Always know what will be your max loss per trade (if a position is closed at initial stop loss). Use the following protection formula: Number of shares = Max loss per trade / (Entry - Stop loss).
4. Split every position in a single stock into 2-3 parts and use different exit strategies for every part. For example, if there are three parts you will sell 1/3 of a position at first target, 1/3 of a position at second target, and for the last 1/3 of a position use trailing stop strategy which allows you to let profits run and at the same time lock your profits.
5. Once (if) price reaches first target, adjust stop to break even.
6. Never hold position during earnings announcements.
7. Protect your positions in a stocks with higher risk such as small-cap pharmaceutical and drug stocks with options.
8. Avoid trading during the first 10-15 minutes of the market open.
breakouTTips
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Stock Pick for Fri, Jan 23, 2015: KapStone Paper and Packaging Corporation (KS)
The stock is poised to challenge resistance line at 31.8 that has contained prices on three occasions in the 3 months. A breakout of this resistance is likely to accelerate prices toward 33-34 range in the short term. Referent indicator for the initial stop loss is 20 day simple moving average at 29.95.
The stock is poised to challenge resistance line at 31.8 that has contained prices on three occasions in the 3 months. A breakout of this resistance is likely to accelerate prices toward 33-34 range in the short term. Referent indicator for the initial stop loss is 20 day simple moving average at 29.95.
