Breakout and Swing Trade Ideas

Discussion in 'Stock Market Today' started by StockConsultant, May 19, 2022.

  1. StockConsultant

    StockConsultant Well-Known Member

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  2. StockConsultant

    StockConsultant Well-Known Member

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    SPHR Sphere Entertainment stock, nice trend and breakout, from Stocks to Watch at https://stockconsultant.com/?SPHR

    Breakout trade

    • CONFIRMED breakout above 146.67
    • Target: 162.1, 7.5% Stop: 144.44 Loss: 4.2%
    • P/L ratio: 1.8 : 1 - Fair
    BULLISH

    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] CONFIRMED breakout above 146.67, no resistance in area just above.
    BEARISH

    • [Positioning] 1 Day Price change extreme up, may pause/reverse
    • [Positioning] Short term strong rally, rally may start to slow.
    • [Positioning] Overbought, odds favor short trades.

    [​IMG]
     
  3. StockConsultant

    StockConsultant Well-Known Member

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    CHGG Chegg stock watch, pullback to 1.15 support area with good trade quality at https://stockconsultant.com/?CHGG

    Long Trade

    • Target 1: 1.44 Profit: 25.2% Stop/Trailing Stop: 1.08
    • Loss: 6.1% P/L ratio: 4.1 : 1 - Excellent
    • Target 2: 1.53 Profit: 33% P/L ratio: 5.4 : 1 - Excellent Extreme rally
    BULLISH

    • [Positioning] Short term typical pullback, pullback may start to slow.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.

    [​IMG]
     
  4. StockConsultant

    StockConsultant Well-Known Member

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    QBTS D-Wave Quantum stock watch, pullback to 22.65 triple support area with bullish indicators, see also QBTX at https://stockconsultant.com/?QBTS

    Long Trade
    • Target 1: 30.07 Profit: 28.7% Stop/Trailing Stop: 21.77
    • Loss: 6.8% P/L ratio: 4.2 : 1 - Excellent
    • Target 2: 32.78 Profit: 40.3% P/L ratio: 5.9 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Short term typical pullback, pullback may start to slow.
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.
    BEARISH
    • None

    [​IMG]
     
  5. StockConsultant

    StockConsultant Well-Known Member

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    TE T1 Energy stock watch, pullback to 8.31 support area with good trade quality at https://stockconsultant.com/?TE


    Breakout trade
    • WATCH for possible breakout above 8.81
    • Target: 11.16, 31.3% Stop: 7.73 Loss: 9.1%
    • P/L ratio: 3.4 : 1 - Excellent

    BULLISH
    • [Positioning] Short term typical pullback, pullback may start to slow.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Extreme 3 day accumulation.
    • [Timing] breakout watch above 8.81, no resistance in area just above.

    BEARISH
    • [Positioning] Strong Up trend (1 month), may start to turn sideways.
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
     
  6. StockConsultant

    StockConsultant Well-Known Member

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  7. StockConsultant

    StockConsultant Well-Known Member

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    RXT Rackspace Technology stock, watch for top of range breakout at https://stockconsultant.com/?RXT

    Breakout trade
    • WATCH for possible breakout above 6.41
    • Target: 8.61, 45.4% Stop: 5.19 Loss: 12.3%
    • P/L ratio: 3.7 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] breakout watch above 6.41, no resistance in area just above.
    BEARISH
    • [Positioning] Overbought, odds favor short trades.
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance

    [​IMG]
     
  8. StockConsultant

    StockConsultant Well-Known Member

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    WATT Energous stock watch, pullback to 25.05 triple support area with good trade quality at https://stockconsultant.com/?WATT

    Long Trade
    • Target 1: 32.12 Profit: 30.9% Stop/Trailing Stop: 22.54
    • Loss: 8.1% P/L ratio: 3.8 : 1 - Excellent
    • Target 2: 34.55 Profit: 40.8% P/L ratio: 5 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  9. StockConsultant

    StockConsultant Well-Known Member

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    CAT Caterpillar stock, watch for a top of range breakout at https://stockconsultant.com/?CAT

    Breakout trade

    • WATCH for possible breakout above 939.58
    • Target: 1018.1, 9% Stop: 900.86 Loss: 3.5%
    • P/L ratio: 2.6 : 1 - Good
    BULLISH

    • [Timing] Strong bullish 3 day candlestick pattern with Good 3 day accumulation.
    • [Timing] breakout watch above 939.58, no resistance in area just above.
    BEARISH

    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  10. StockConsultant

    StockConsultant Well-Known Member

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    PACB Pacific Biosciences of California stock watch, pullback to 1.32 triple support area with bullish indicators at https://stockconsultant.com/?PACB

    Long Trade
    • Target 1: 1.66 Profit: 23% Stop/Trailing Stop: 1.28
    • Loss: 5.2% P/L ratio: 4.4 : 1 - Excellent
    • Target 2: 1.7 Profit: 25.9% P/L ratio: 5 : 1 - Excellent Extreme rally

    BULLISH
    • [Positioning] Short term typical pullback, pullback may start to slow.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.

    BEARISH
    • None

    [​IMG]
     
  11. StockConsultant

    StockConsultant Well-Known Member

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    TMDX Transmedics stock, watch for an upside gap breakout at https://stockconsultant.com/?TMDX

    Breakout trade
    • WATCH for possible breakout above 77.56
    • Target: 88.48, 16.7% Stop: 72.65 Loss: 4.2%
    • P/L ratio: 4 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Mild bullish 3 day candlestick pattern.
    • [Timing] breakout watch above 77.56, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance

    [​IMG]
     
  12. StockConsultant

    StockConsultant Well-Known Member

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    INTC Intel stock, watch for a top of range breakout at https://stockconsultant.com/?INTC

    Breakout trade
    • WATCH for possible breakout above 127.6
    • Target: 152.38, 25.8% Stop: 114.35 Loss: 5.6%
    • P/L ratio: 4.6 : 1 - Excellent
    BULLISH
    • [Timing] breakout watch above 127.6, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance

    [​IMG]
     
  13. StockConsultant

    StockConsultant Well-Known Member

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    ALDX Aldeyra Therapeutics stock, watch for a bottom breakout at https://stockconsultant.com/?ALDX

    Breakout trade
    • WATCH for possible breakout above 1.92
    • Target: 2.3, 25.8% Stop: 1.72 Loss: 6%
    • P/L ratio: 4.3 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Mild bullish 3 day candlestick pattern with Mild 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] breakout watch above 1.92, no resistance in area just above.
    BEARISH
    • None
     
  14. StockConsultant

    StockConsultant Well-Known Member

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    ASTH Astrana Health stock, watch for a narrow range breakout at https://stockconsultant.com/?ASTH

    Breakout trade
    • WATCH for possible breakout above 40.22
    • Target: 44.19, 12.8% Stop: 37.78 Loss: 3.5%
    • P/L ratio: 3.7 : 1 - Excellent
    BULLISH
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    • [Timing] breakout watch above 40.22, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance

    [​IMG]
     
  16. StockConsultant

    StockConsultant Well-Known Member

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    RCAT Red Cat stock watch, pullback to 11.24 triple+ support area with high trade quality at https://stockconsultant.com/?RCAT

    Long Trade
    • Target 1: 14.05 Profit: 22.8% Stop/Trailing Stop: 10.72
    • Loss: 6.3% P/L ratio: 3.6 : 1 - Good
    • Target 2: 15.27 Profit: 33.5% P/L ratio: 5.3 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Short term typical pullback, pullback may start to slow.
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Extreme Neutral 1 day moneyflow, on an strong-extreme pullback is considered bullish.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.

    [​IMG]
     
  17. StockConsultant

    StockConsultant Well-Known Member

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    POWL Powell stock, watch for a top of range breakout at https://stockconsultant.com/?POWL

    Breakout trade
    • WATCH for possible breakout above 323.95
    • Target: 372.91, 21.2% Stop: 291.33 Loss: 5.4%
    • P/L ratio: 3.9 : 1 - Excellent
    BULLISH
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] breakout watch above 323.95, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
    [​IMG]
     
  18. StockConsultant

    StockConsultant Well-Known Member

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    CLYM Climb Bio stock, nice trend, watch for a top of range breakout at https://stockconsultant.com/?CLYM

    Breakout trade
    • WATCH for possible breakout above 12.56
    • Target: 15.16, 24.4% Stop: 11.12 Loss: 8.7%
    • P/L ratio: 2.8 : 1 - Good
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] breakout watch above 12.56, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  19. StockConsultant

    StockConsultant Well-Known Member

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    ETON Pharmaceuticals stock, nice rally off the 27.2 support area, watch for a top of range breakout at https://stockconsultant.com/?ETON

    Breakout trade
    • WATCH for possible breakout above 33.51
    • Target: 37.4, 14.3% Stop: 31.57 Loss: 3.5%
    • P/L ratio: 4.1 : 1 - Excellent
    BULLISH
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] breakout watch above 33.51, no resistance in area just above.
    BEARISH
    • [Positioning] Short term strong rally, rally may start to slow.
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  20. StockConsultant

    StockConsultant Well-Known Member

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    TMO Thermo Fisher Scientific stock watch, pullback to 467.25 triple+ support area with bullish indicators at https://stockconsultant.com/?TMO

    Long Trade
    • Target 1: 507.35 Profit: 8.1% Stop/Trailing Stop: 458.18
    • Loss: 2.4% P/L ratio: 3.4 : 1 - Good
    • Target 2: 520.49 Profit: 10.9% P/L ratio: 4.5 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    BEARISH
    • None
     

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