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

    Breakout trade
    • WATCH for possible breakout above 596.69
    • Target: 685.19, 19.7% Stop: 543.94 Loss: 5%
    • P/L ratio: 3.9 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Mild bullish 1 day moneyflow
    • [Timing] Breakout trade watch above 596.69, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  2. StockConsultant

    StockConsultant Well-Known Member

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    HALO Halozyme Therapeutics stock watch, pullback to 109.19 triple support with bullish indicators at https://www.stockconsultant.com/?HALO

    Long Trade
    • Target 1: 118.57 Profit: 8.1% Stop/Trailing Stop: 107.11
    • Loss: 2.4% P/L ratio: 3.4 : 1 - Good
    • Target 2: 121.55 Profit: 10.8% P/L ratio: 4.5 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] Good long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  3. StockConsultant

    StockConsultant Well-Known Member

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    Before the close, breakout stocks to watch

    Some nice dip buying into the gap today on SPY and QQQ. Did a quick screen for breakouts and found a few good stocks : ABBV DELL PI TEAM and VRNS at https://www.stockconsultant.com
     
  4. StockConsultant

    StockConsultant Well-Known Member

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    PLTR Palantir Technologies stock, watch for a narrow range breakout, see also PLTU and PTIR at https://www.stockconsultant.com/?PLTR

    Breakout trade
    • WATCH for possible breakout above 196.21
    • Target: 215.46, 11% Stop: 188.84 Loss: 2.7%
    • P/L ratio: 4.1 : 1 - Excellent
     
  5. StockConsultant

    StockConsultant Well-Known Member

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    Before the close, breakout stocks to watch

    Some strong selling today in SPY and QQQ, but I managed to do a quick screen and found a few good breakout stocks to watch : AAPL DOCS DOCU EXEL HRTG MNGI TEAM and VGZ at https://stockconsultant.com/?AAPL
     
  6. StockConsultant

    StockConsultant Well-Known Member

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    GTLB Gitlab stock, great close and top of range breakout at https://www.stockconsultant.com/?GTLB

    Breakout trade
    • CONFIRMED breakout trade above 52.8
    • Target: 58.64, 9.5% Stop: 51.67 Loss: 3.5%
    • P/L ratio: 2.7 : 1 - Good
     
  7. StockConsultant

    StockConsultant Well-Known Member

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    SNOW Snowflake stock, watch for a narrow range breakout at https://www.stockconsultant.com/?SNOW

    Breakout trade
    • WATCH for possible breakout above 347.8
    • Target: 382.95, 11.5% Stop: 330.67 Loss: 3.7%
    • P/L ratio: 3.1 : 1 - Excellent
     
  8. StockConsultant

    StockConsultant Well-Known Member

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    OMER Omeros stock watch, at 18.79 support area with bullish indicators at https://www.stockconsultant.com/?OMER

    Long Trade
    • Target 1: 22.44 Profit: 17.4% Stop/Trailing Stop: 18.05
    • Loss: 5.6% P/L ratio: 3.1 : 1 - Good
    • Target 2: 23.57 Profit: 23.3% P/L ratio: 4.2 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Excellent long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  9. StockConsultant

    StockConsultant Well-Known Member

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  10. StockConsultant

    StockConsultant Well-Known Member

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  11. StockConsultant

    StockConsultant Well-Known Member

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    HNGE Hinge Health stock with a top of range breakout at https://www.stockconsultant.com/?HNGE

    Breakout trade
    • CONFIRMED breakout trade above 100.39
    • Target: 113.46, 10.3% Stop: 98.07 Loss: 4.7%
    • P/L ratio: 2.2 : 1 - Good
     
  12. StockConsultant

    StockConsultant Well-Known Member

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    Before the close, breakout stocks to watch

    Tough day for QQQ and tech stocks, but did a quick scan for stronger breakout watch stocks : AAPL ELF HOWL HRTG and NSIT at https://www.stockconsultant.com/?AAPL
     
  13. StockConsultant

    StockConsultant Well-Known Member

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  14. StockConsultant

    StockConsultant Well-Known Member

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  15. StockConsultant

    StockConsultant Well-Known Member

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    OKLO stock with a solid bottom breakdown at https://www.stockconsultant.com/?OKLO

    Breakdown trade
    • CONFIRMED breakdown trade below 33.88
    • Target: 22.72, 29.5% Cover: 35.6 Loss: 10.5%
    • P/L ratio: 2.8 : 1 - Good
     
  16. StockConsultant

    StockConsultant Well-Known Member

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    AAPL Apple stock, watch for a top of range breakout at https://www.stockconsultant.com/?AAPL

    Breakout trade
    • WATCH for possible breakout above 343.32
    • Target: 362.26, 6.2% Stop: 333.41 Loss: 2.2%
    • P/L ratio: 2.8 : 1 - Good
    BULLISH
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Breakout trade watch above 343.32, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  17. StockConsultant

    StockConsultant Well-Known Member

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    W Wayfair stock, watch for a top of range breakout at https://www.stockconsultant.com/?W

    Breakout trade
    • WATCH for possible breakout above 108.13
    • Target: 120.9, 11.9% Stop: 104.03 Loss: 3.7%
    • P/L ratio: 3.2 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend possibly bullish, Mild uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Breakout trade watch above 108.13, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  18. StockConsultant

    StockConsultant Well-Known Member

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    Before the close, breakout stocks to watch

    Tough markets today, sustained heavy selling in both SPY and QQQ. Ran the breakout screen netting 34 stocks,
    here are my favorite 5 to watch : AVTR CAKE CNK COCO and SAP at https://www.stockconsultant.com/?CAKE
     
  19. StockConsultant

    StockConsultant Well-Known Member

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  20. StockConsultant

    StockConsultant Well-Known Member

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    PI Impinj stock, good day, watch for a top of range breakout at https://www.stockconsultant.com/?PI

    Breakout trade
    • WATCH for possible breakout above 194.54
    • Target: 220.6, 14.8% Stop: 181.02 Loss: 5.8%
    • P/L ratio: 2.6 : 1 - Good
     

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