trendtrader06

trendtrader06

Stock has made an inverse head and shoulders pattern on charts. Today we saw a high volume breakout of the pattern along with breakout of downtrendline connecting highs. Volume spikes during the pattern formation indicates possible accumulation, can be traded with right shoulder's low as stoploss

trendtrader06

Stock above 21 ema, ema sloping up, in last few days we can see it respecting 21 ema Volume profile drawn from recent high to low shows POC near 1470 which was tested in yesterday's low Today we saw a high volume breakout of pocket pivot which generally provides a good entry point

trendtrader06

Stock above key EMA and gave a pivot breakout with good volumes can be added here and then more above 1900 which will mark trendline breakout, volume profile poc and range of high volume bar

trendtrader06

Trendline Breakout along with horizontal resistance breakout RS has also given trendline breakout RSI also breaking above 60 after hovering in range for sometime High Volume on breakout

trendtrader06

Same story of price moving in channel and RSI divergence continues, hope for some decisive move after elections RSI needs to break the trendline for a strong rally on upside On downside Zone of 21700-900 has provided strong support if broken with RSI slipping below 40, 20222 can be the next level

trendtrader06 Updated 

RS indicator turning positive Sector is also strong RSI giving trendline breakout Volatility contraction in last few days breaking of 165.25 levels might result in tgts above 168

trendtrader06 Updated 

Prices broke the trendline with strong volumes suggesting strong accumulation, after which prices gave a shakeout below the same trendline and 50 ema and now reclaimed all major emas RS line also giving a breakout Volatility contraction gives a nice low risk entry above today's candle with sl 146.25 we can look for 158

trendtrader06 Updated 

Inverse Head and Shoulders pattern formed on daily charts RS line suggests that the stock is showing strength RSI crosses 60 and gives a near term trendline breakout Earnings is behind us with a positive surprise which could act as a trigger towards pushing prices up Pattern suggests Price tgt of 610 trade can be taken with SL being close below 21 EMA

trendtrader06

Price broke down trendline and took support from the same and made a triangle pattern with significant volatility contraction RSI going above 60 RS line also breaking above moving avg Sl below 73.9 tgt above 92

trendtrader06 Updated 

Faced multiple rejections at ATH that too with good volumes but did not follow through RS became positive and Raising RSI is strong Sector is one of the strongest right now With SL 608.7 one can trade for 1R and then trail using ST

trendtrader06

Trendline breakout on weekly charts after a shakeout at 21 ema Earnings are behind us Weekly CCI > 100 Daily charts near resistance of 2118 is broken high volume sell bar marked the bottom and heavy accumulation can be seen above 50 ema Sl 2022 1st tgt can be 1R followed by 2300 if market supports

trendtrader06

Price is forming Flag and pole pattern on weekly charts with one shakeout on down side Hidden RSI divergence might help the bounce if any Relative strength is still very strong compared to SPX But on Volume profile we can see VAH acting as resistance Indicators and price suggests bullishness but volumes are against it breakdown of channel low and 21ema will push...

trendtrader06

On weekly Charts there is clear underperformance compared to S&P 500 Relative Strength trendline is broken and lower low formed There is RSI divergence and formation of flag like raising channel Indicators hinting to weakness and thus channel break on downside shall bring meaningful correction Daily Charts MACD shifted to negative there are multiple support zones...

trendtrader06 Updated 

Weekly Price broke 21 ema with high volume Weekly RS also crashed below 0 Daily downtrend, broke major low, retested and fell back to give a breakdown Daily RS, Momentum and RSI are all weak with 4010 Sl and 3811 as 1st tgt

trendtrader06 Updated 

Price took support at previous swing and after multiple shakeouts started going up again RSI also gave a breakout Earnings reaction is over and price broke minor swing Can go long at 443.75 with 414.60 SL and 473.05 Tgt

trendtrader06

Weekly charts are very strong with strong RS On daily charts yesterday was a high volume fall but today did not see a follow through Daily momentum also going strong Only concern is falling RS on daily chart but it should also become positive with breakout

trendtrader06 Updated 

Major Trend line breakout, SuperTrend turned buy then again pulled back took support from ST and broke minor trendline with good volumes RS is positive RSI crossing 60 Momentum is positive and above MA Volumes on down days are extremely contracted Can be bought with SL 59.55 with tgts of 1R and even 84

trendtrader06 Updated 

Volatility and Volume Contraction on Daily Charts and Price breaking with strong volume RSI going above 60 Momentum indicator going above avg line Relative strength is strong Price broke Super Trend as well Looks ripe for strong upthrust Can Be bought with 209 SL and 290 1st tgt