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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    CHTR Charter Communications stock watch, pullback to 129.17 lower triple support area with good trade quality at https://stockconsultant.com/?CHTR

    Long trade

    TARGET 1
    • Price: 154.96 Profit: 19.9% (Typical rally)
    • Stop/Trailing Stop: 123.5 Loss: 4.4%
    • P/L Ratio: 4.5 : 1 - Excellent
    TARGET 2
    • Price: 162.7 Profit: 25.9% P/L Ratio: 5.9 : 1 - Excellent (Extreme rally)
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Average 3 day accumulation.
    BEARISH
    • [Timing] Strong bearish 1 day moneyflow
    • [Timing] breakdown watch below 124.95, no support in area just below.
     
  2. StockConsultant

    StockConsultant Well-Known Member

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  3. StockConsultant

    StockConsultant Well-Known Member

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    CMPX Compass Therapeutics stock, good day, watch for a rally off the 2.03 triple support area at https://stockconsultant.com/?CMPX

    Long Trade
    • Target 1: 2.63 Profit: 24.1% Stop/Trailing Stop: 1.98
    • Loss: 6.6% P/L ratio: 3.7 : 1 - Good
    • Target 2: 2.8 Profit: 32.1% P/L ratio: 4.9 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Mild bullish 1 day moneyflow
    BEARISH
    • None
     
  4. StockConsultant

    StockConsultant Well-Known Member

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  5. StockConsultant

    StockConsultant Well-Known Member

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    GH Guardant Health stock watch, two legs pullback to the 150.42 support area with good trade quality at https://stockconsultant.com/?GH

    Long Trade
    • Target 1: 173.91 Profit: 15.8% Stop/Trailing Stop: 145.42
    • Loss: 3.2% P/L ratio: 4.9 : 1 - Excellent
    • Target 2: 181.02 Profit: 20.5% P/L ratio: 6.4 : 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 bearish, Unsustainable uptrend, may turn sideways.
     
  6. StockConsultant

    StockConsultant Well-Known Member

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    FULC Fulcrum Therapeutics stock, watch for an upside gap breakout at https://stockconsultant.com/?FULC

    Breakout trade
    • WATCH for possible breakout above 3.93
    • Target: 4.75, 26.3% Stop: 3.55 Loss: 5.6%
    • P/L ratio: 4.7 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Mild bullish 3 day candlestick pattern with Good 3 day accumulation.
    • [Timing] Mild bullish 1 day moneyflow
    • [Timing] breakout watch above 3.93, no resistance in area just above.
    BEARISH
    • None
     
  7. StockConsultant

    StockConsultant Well-Known Member

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    LDOS Leidos stock, with a bottom breakout at https://stockconsultant.com/?LDOS

    Breakout trade
    • CONFIRMED breakout above 110.27
    • Target: 119.31, 8.1% Stop: 106.67 Loss: 3.3%
    • P/L ratio: 2.5 : 1 - Good
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern with Good 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] CONFIRMED breakout above 110.27, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
     
  8. StockConsultant

    StockConsultant Well-Known Member

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    PACB Pacific Biosciences of California stock watch, attempting to rally off the 1.35 triple+ support area at https://stockconsultant.com/?PACB

    Long Trade
    • Target 1: 1.71 Profit: 22.1% Stop/Trailing Stop: 1.34
    • Loss: 4.3% P/L ratio: 5.1 : 1 - Excellent
    • Target 2: 1.81 Profit: 29.3% P/L ratio: 6.8 : 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 with Strong 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
     
  9. stocknewbie

    stocknewbie New Member

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    I’ve traded GoodRx a few times now, and lately I’ve noticed the same thing with the price hovering right below that 3.14 area. Sometimes these setups look perfect for a breakout but then just get stuck at resistance or fake out, so I’m pretty careful about setting alerts and waiting for real volume to step in. Entry timing with these small caps can be brutal because it whips around fast, and if the trend reverses, you can get stopped out quick. Usually I’ll trade something like this only after I see a proper close above resistance, not just a quick intraday wick.
     
  10. StockConsultant

    StockConsultant Well-Known Member

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

    Breakout trade
    • WATCH for possible breakout above 457.76
    • Target: 520.49, 19% Stop: 417 Loss: 4.7%
    • P/L ratio: 4 : 1 - Excellent
    BULLISH
    • [Timing] Mild bullish 3 day candlestick pattern.
    • [Timing] breakout watch above 457.76, no resistance in area just above.
    BEARISH
    • [Positioning] Short term typical rally, rally may start to slow.
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  11. StockConsultant

    StockConsultant Well-Known Member

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    SHAK Shake Shack stock watch, attempting to rally off the 56.18 support area at https://stockconsultant.com/?SHAK

    Long Trade
    • Target 1: 64.68 Profit: 13.3% Stop/Trailing Stop: 54.69
    • Loss: 4.2% P/L ratio: 3.2 : 1 - Good
    • Target 2: 68.68 Profit: 20.3% P/L ratio: 4.8 : 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 Good 3 day accumulation.
    • [Timing] Mild bullish 1 day moneyflow
    BEARISH
    • None
     
  12. StockConsultant

    StockConsultant Well-Known Member

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    NAVN Navan stock watch, nice trend with a pullback to 23.15 support area and good trade quality at https://stockconsultant.com/?NAVN

    Long Trade
    • Target 1: 28.34 Profit: 22.2% Stop/Trailing Stop: 21.86
    • Loss: 5.8% P/L ratio: 3.8 : 1 - Excellent
    • Target 2: 29.78 Profit: 28.4% P/L ratio: 4.9 : 1 - Excellent Extreme rally

    BULLISH
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern with Good 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    BEARISH
    • [Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
     
  13. StockConsultant

    StockConsultant Well-Known Member

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    NKE Nike stock, starting to rally off the 41.33 lower support area at https://stockconsultant.com/?NKE

    Long Trade
    • Target 1: 46.58 Profit: 9.5% Stop/Trailing Stop: 41.12
    • Loss: 3.3% P/L ratio: 2.9 : 1 - Good
    • Target 2: 48.04 Profit: 13% P/L ratio: 3.9 : 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.
    • [Timing] Average bullish 1 day moneyflow
    BEARISH
    • None
     
  14. StockConsultant

    StockConsultant Well-Known Member

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    RVMD Revolution Medicines stock with a narrow range breakout at https://stockconsultant.com/?RVMD

    Breakout trade
    • CONFIRMED breakout above 191.84
    • Target: 220.2, 13.5% Stop: 183.71 Loss: 5.3%
    • P/L ratio: 2.5 : 1 - Good
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Mild bullish 1 day moneyflow
    • [Timing] CONFIRMED breakout above 191.84, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  15. StockConsultant

    StockConsultant Well-Known Member

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    SDGR Schrodinger stock watch, trending with a pullback to 15.19 support area and good trade quality at https://stockconsultant.com/?SDGR

    Long Trade
    • Target 1: 16.98 Profit: 11.3% Stop/Trailing Stop: 14.81
    • Loss: 2.9% P/L ratio: 3.9 : 1 - Excellent
    • Target 2: 17.56 Profit: 15.1% P/L ratio: 5.2 : 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.
     
  16. StockConsultant

    StockConsultant Well-Known Member

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    RBRK Rubrik stock watch, attempting to rally off the 73.36 support area at https://stockconsultant.com/?RBRK

    Long Trade
    • Target 1: 83.69 Profit: 11.9% Stop/Trailing Stop: 72.73
    • Loss: 2.8% P/L ratio: 4.3 : 1 - Excellent
    • Target 2: 86.67 Profit: 15.8% P/L ratio: 5.6 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Short term strong pullback, pullback may start to slow.
    • [Positioning] at support
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.

    [​IMG]
     
  17. StockConsultant

    StockConsultant Well-Known Member

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    VRDN Viridian Therapeutics stock, watch for an upside gap breakout at https://stockconsultant.com/?VRDN

    Breakout trade
    • WATCH for possible breakout above 20.41
    • Target: 22.82, 15.8% Stop: 18.88 Loss: 4.2%
    • P/L ratio: 3.8 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] breakout watch above 20.41, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  18. StockConsultant

    StockConsultant Well-Known Member

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    QGEN Qiagen stock, watch for a bull flag breakout at https://stockconsultant.com/?QGEN

    Breakout trade
    • WATCH for possible breakout above 42.43
    • Target: 46.39, 9.9% Stop: 41.01 Loss: 2.9%
    • P/L ratio: 3.4 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Average bullish 1 day moneyflow
    • [Timing] breakout watch above 42.43, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
    • [Positioning] at resistance
     
  19. StockConsultant

    StockConsultant Well-Known Member

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    PSNL Personalis stock watch, pullback to 11.94 support area with good trade quality at https://stockconsultant.com/?PSNL

    Long Trade
    • Target 1: 14.98 Profit: 26.1% Stop/Trailing Stop: 11.32
    • Loss: 4.7% P/L ratio: 5.6 : 1 - Excellent
    • Target 2: 15.59 Profit: 31.2% P/L ratio: 6.6 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Short term strong pullback, pullback may start to slow.
    • [Positioning] at support
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  20. StockConsultant

    StockConsultant Well-Known Member

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    HNGE Hinge Health stock watch, good trend with a pullback to 75.25 support area and bullish indicators at https://stockconsultant.com/?HNGE

    TARGET 1
    • Price: 88.52 Profit: 17.6% (Typical rally)
    • Stop/Trailing Stop: 71.88 Loss: 4.5%
    • P/L Ratio: 3.9 : 1 - Excellent
    TARGET 2
    • Price: 92.43 Profit: 22.8% P/L Ratio: 5.1 : 1 - Excellent (Extreme rally)

    BULLISH
    • [Positioning] Short term strong pullback, pullback may start to slow.
    • [Positioning] at support
    • [Timing] breakout watch above 77.38, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     

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