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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  3. StockConsultant

    StockConsultant Well-Known Member

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    PUBM PubMatic stock, nice trend, watch for a top of range breakout at https://stockconsultant.com/?PUBM

    Breakout trade
    • WATCH for possible breakout above 12.31
    • Target: 13.42, 12.6% Stop: 11.45 Loss: 3.9%
    • P/L ratio: 3.2 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] breakout watch above 12.31, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] Overbought, odds favor short trades.
    • [Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
    • [Positioning] at resistance

    [​IMG]
     
  4. StockConsultant

    StockConsultant Well-Known Member

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    PLNT Planet Fitness stock, watch for an upside price gap breakout at https://stockconsultant.com/?PLNT

    Breakout trade
    • WATCH for possible breakout above 54.19
    • Target: 59.91, 11.2% Stop: 51.67 Loss: 4.1%
    • P/L ratio: 2.7 : 1 - Good
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] Average bullish 1 day moneyflow
    • [Timing] breakout watch above 54.19, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] at resistance

    [​IMG]
     
  5. StockConsultant

    StockConsultant Well-Known Member

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  6. StockConsultant

    StockConsultant Well-Known Member

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  7. StockConsultant

    StockConsultant Well-Known Member

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  8. StockConsultant

    StockConsultant Well-Known Member

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    DDOG Datadog stock, good day, watch for a range breakout, volume +77% at https://stockconsultant.com/?DDOG

    Breakout trade
    • WATCH for possible breakout above 242.47
    • Target: 279.5, 16.6% Stop: 224.26 Loss: 6.5%
    • P/L ratio: 2.5 : 1 - Good
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern with Mild 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    • [Timing] breakout watch above 242.47, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change extreme up, may pause/reverse
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  9. StockConsultant

    StockConsultant Well-Known Member

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    VRDN Viridian Therapeutics stock, watch for a bottom breakout, big upside price gap at https://stockconsultant.com/?VRDN

    Breakout trade
    • WATCH for possible breakout above 18.05
    • Target: 20.25, 13.1% Stop: 17.23 Loss: 3.7%
    • P/L ratio: 3.5 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    • [Timing] breakout watch above 18.05, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  10. StockConsultant

    StockConsultant Well-Known Member

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  11. StockConsultant

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    FRMM Forum Markets stock, watch for a top of range breakout at https://stockconsultant.com/?FRMM

    Breakout trade
    • WATCH for possible breakout above 6.62
    • Target: 10.45, 76.3% Stop: 4.76 Loss: 19.7%
    • P/L ratio: 3.9 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend possibly bullish, Mild uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] breakout watch above 6.62, no resistance in area just above.
    BEARISH
    • None
     
  12. StockConsultant

    StockConsultant Well-Known Member

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    BITO ProShares Bitcoin ETF watch, two options: hold the 8.13 support area and rally or continue lower with a bottom breakdown, see also BITU BITX and IBIT ETFs at https://stockconsultant.com/?BITO

    Breakdown trade
    • WATCH for breakdown below 7.91
    • Target: 6.93, 15.4% Cover: 8.44 Loss: 3.1%
    • P/L ratio: 5 : 1 - Excellent
    Long trade

    TARGET 1
    • Price: 9.49 Profit: 15.9% (Typical rally)
    • Stop/Trailing Stop: 7.92 Loss: 3.3%
    • P/L Ratio: 4.8 : 1 - Excellent
    TARGET 2
    • Price: 9.89 Profit: 20.8% P/L Ratio: 6.3 : 1 - Excellent (Extreme rally)
    BULLISH
    • [Positioning] Oversold, odds favor long trades.
    • [Positioning] Strong Down trend (1 month), may start to turn sideways.
    • [Positioning] Intermediate trend possibly bullish, Sideways trend near lower support.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Extreme 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    BEARISH
    • [Timing] breakdown watch below 7.91, no support in area just below.
     

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