Today I decided to post some charts of a few stocks that are under review for prospective trade setups or are already in my portfolio.
Has broken out of a sideways triangle pattern and above the Ichimoku cloud on a weekly basis. I have placed my stops at the cloud support and my target is above 50$. I’m already long since 44.19$.
A pattern that looks like an inverted H&S is seen in this daily chart. Price has broken above the neckline resistance and above the Ichimoku cloud support. My target is near 100$ and my stop at the cloud support. I’m already long since 82.55$.
Remains in a bullish mode as long as it trades above the blue trend line support as shown in the 60 minute chart below. If broken we should expect a push lower towards 125$. Price is just above support so bulls need to be very cautious. I have no positions.
A promising cup with handle pattern is being formed with resistance and breakout level at 35.50$. I’m already long since 34.10$ and have placed my stops at 33$. Price is above the Ichimoku cloud and the tenkan-sen and kijun-sen have made a bullish cross two days ago.
Has broken above a 2 year consolidation trading range. I’m long since 59.50$ and have stops placed at 58$. Price is making higher highs and higher lows. Trend is bullish for the short-term and we could be at the start of a new upward trend.
Important resistance to watch out for potential reversal is at 64.50$ where we find the 127% extension of the decline from 61$ to 48$.
Hope you find my sample update useful….have a great day…
As always, thank you for taking the time to read my new post.