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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    RDW Redwire stock watch, pullback to 10.31 support area with good trade quality, see also RKLB stock at https://www.stockconsultant.com/?RDW

    Long Trade
    • Target 1: 14.05 Profit: 35.5% Stop/Trailing Stop: 9.74
    • Loss: 6.1% P/L ratio: 5.8 : 1 - Excellent
    • Target 2: 15.16 Profit: 46.2% P/L ratio: 7.6 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.
    • [Timing] Excellent long trade quality
    BEARISH
    • None
     
  2. StockConsultant

    StockConsultant Well-Known Member

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    AGPU Axe Compute stock, watch for a bull flag breakout at https://www.stockconsultant.com/?AGPU

    Breakout trade
    • WATCH for possible breakout above 11.36
    • Target: 15.26, 43% Stop: 9.39 Loss: 12%
    • P/L ratio: 3.6 : 1 - Excellent
     
  3. StockConsultant

    StockConsultant Well-Known Member

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  4. StockConsultant

    StockConsultant Well-Known Member

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    ANGX Angel Studios stock with a top of range breakout at https://www.stockconsultant.com/?ANGX

    Breakout trade
    • CONFIRMED breakout trade above 4.97
    • Target: 6.59, 32.5% Stop: 4.43 Loss: 10.9%
    • P/L ratio: 3 : 1 - Good
    BULLISH
    • [Positioning] Intermediate trend possibly bullish, Mild uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    • [Timing] CONFIRMED breakout trade above 4.97, no resistance in area just above.
    BEARISH
    • None
     
  5. StockConsultant

    StockConsultant Well-Known Member

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    HNGE Hinge Health stock, watch for a narrow range breakout at https://www.stockconsultant.com/?HNGE

    Breakout trade
    • WATCH for possible breakout above 93.72
    • Target: 104.94, 13.2% Stop: 89.31 Loss: 3.6%
    • P/L ratio: 3.7 : 1 - Excellent
    Long Trade
    • Target 1: 101.83 Profit: 9.9% Stop/Trailing Stop: 89.31
    • Loss: 3.6% P/L ratio: 2.8 : 1 - Good
    • Target 2: 105.92 Profit: 14.3% P/L ratio: 4 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Mild bullish 3 day candlestick pattern with Good 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    • [Timing] Breakout trade watch above 93.72, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
    • [Timing] Good short trade quality
     
  6. StockConsultant

    StockConsultant Well-Known Member

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    OSCR Oscar Health stock, starting to break out of this two month long base area at https://www.stockconsultant.com/?OSCR

    Breakout trade
    • CONFIRMED breakout trade above 32.77
    • Target: 37.91, 14.9% Stop: 31.02 Loss: 6%
    • P/L ratio: 2.5 : 1 - Good
    BULLISH
    • [Positioning] Intermediate trend possibly bullish, Mild uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] CONFIRMED breakout trade above 32.77, no resistance in area just above.
    BEARISH
    • None
     
  7. StockConsultant

    StockConsultant Well-Known Member

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  8. StockConsultant

    StockConsultant Well-Known Member

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    QCOM Qualcomm stock, watch for a local breakout at https://www.stockconsultant.com/?QCOM

    Breakout trade
    • WATCH for possible breakout above 181.29
    • Target: 196.83, 11.3% Stop: 171.47 Loss: 3.1%
    • P/L ratio: 3.6 : 1 - Excellent
     
  9. StockConsultant

    StockConsultant Well-Known Member

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    TWST Twist Bioscience stock watch, nice trend with a pullback to 125.04 support area and high trade quality at https://www.stockconsultant.com/?TWST

    Long Trade
    • Target 1: 149.59 Profit: 17.9% Stop/Trailing Stop: 120.38
    • Loss: 5.1% P/L ratio: 3.5 : 1 - Good
    • Target 2: 161.37 Profit: 27.2% P/L ratio: 5.3 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Excellent long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  10. StockConsultant

    StockConsultant Well-Known Member

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    ADP Automatic Data Processing stock watch, pullback to 268.33 support area with bullish indicators, see also AMPL ADP APPF APPN stocks at https://www.stockconsultant.com/?ADP

    Long Trade
    • Target 1: 286.11 Profit: 6.7% Stop/Trailing Stop: 264.18
    • Loss: 1.5% P/L ratio: 4.5 : 1 - Excellent
    • Target 2: 295.1 Profit: 10% P/L ratio: 6.7 : 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.
    • [Timing] Long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  11. StockConsultant

    StockConsultant Well-Known Member

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    KRRO Korro Bio stock, strong day, watch for a range breakout at https://www.stockconsultant.com/?KRRO

    Breakout trade
    • WATCH for possible breakout above 15.24
    • Target: 21.22, 41.3% Stop: 12.96 Loss: 13.7%
    • P/L ratio: 3 : 1 - Good
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    • [Timing] Breakout trade watch above 15.24, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  12. StockConsultant

    StockConsultant Well-Known Member

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    HUM Humana stock, watch for a top of range breakout, see also CNC at https://www.stockconsultant.com/?HUM

    Breakout trade
    • WATCH for possible breakout above 417.87
    • Target: 462.6, 11.7% Stop: 399.5 Loss: 3.6%
    • P/L ratio: 3.2 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Breakout trade watch above 417.87, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  13. StockConsultant

    StockConsultant Well-Known Member

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  14. StockConsultant

    StockConsultant Well-Known Member

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    CSTL Castle Biosciences stock, watch for a top of range breakout at https://www.stockconsultant.com/?CSTL

    Breakout trade
    • WATCH for possible breakout above 34.96
    • Target: 39.65, 18.6% Stop: 31.93 Loss: 4.5%
    • P/L ratio: 4.1 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Long trade quality
    • [Timing] Breakout trade watch above 34.96, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  15. StockConsultant

    StockConsultant Well-Known Member

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  16. StockConsultant

    StockConsultant Well-Known Member

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    ACHV Achieve Life Sciences stock watch, nice trend with a pullback to the 7.34 support area and bullish indicators at https://www.stockconsultant.com/?ACHV

    Long Trade
    • Target 1: 8.38 Profit: 14.5% Stop/Trailing Stop: 7.03
    • Loss: 4% P/L ratio: 3.6 : 1 - Good
    • Target 2: 8.91 Profit: 21.7% P/L ratio: 5.4 : 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 Good 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] Excellent long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  17. StockConsultant

    StockConsultant Well-Known Member

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    CSIQ Canadian Solar stock with a solid breakdown, from Stocks to Watch short at https://www.stockconsultant.com/?CSIQ

    Breakdown trade
    • CONFIRMED breakdown trade below 11.83
    • Target: 8.49, 25.1% Cover: 12.5 Loss: 10.2%
    • P/L ratio: 2.5 : 1 - Good
     

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