Thread.
I promised some charts today so here we go. All charts are found using our Scany tool and many of these tickers might not have a lot of hype but the price action is good and that's what you need these days.
$EOG broke long term downtrend on weekly chart. Noted added.
I promised some charts today so here we go. All charts are found using our Scany tool and many of these tickers might not have a lot of hype but the price action is good and that's what you need these days.
$EOG broke long term downtrend on weekly chart. Noted added.
$IQ just broke out from a long term resistance here. We had an engulfing candle today (that's the scanner I used here) with increasing volume. All of these signs are very good. Might start a position here.
$BOX we had a beautiful breakout on weekly chart here and there was plenty of strength today as the price did not move down much. Good one.
$PTON we have a slightly stronger support level below which we respected. Forming a tight consolidation here. If market recovers a bit, we should hopefully break out of this. Keep the setup in mind.
$BILL nice consolidation here + we are still respecting the moving averages which is great. We have a horizontal support at this level so hopefully we stay above it and go up from here. Buying zone as long as we are above 140.
$GOOGL staying strong in a weak market. There's a gap down in the daily chart, exit immediately if we start to fill it. Bullish if we break out of this tight area.
$JBLU very strong support area here. I would expect buyers to step in and reverse the price direction. We also have a volume shelf which is good. Bullish.
Exit if we go below 18.
Exit if we go below 18.
$RKT this is a much riskier setup but it also has high reward. There's a shallow volume shelf above which we can easily cross. We also have a strong support below the current price.
$CSCO broke the resistance this week with nice candles the last few weeks. You might want to wait for a dip on the newly formed support. Even without that, this seems like a good setup.
$BBGI keep an eye on this one for a breakout. Very high reward if we get one. We broke a very long term downtrend and we're settling a bit above the moving averages, which is always good.
That's it. Please keep an eye on these setups and trade them based on your trading style.
You can find all of these in our Scany tool.
tradytics.com/scany
You can find all of these in our Scany tool.
tradytics.com/scany
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