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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    PAYC Paycom Software stock, watch for a top of range breakout at https://www.stockconsultant.com/?PAYC

    Breakout trade
    • WATCH for possible breakout above 242.35
    • Target: 263.3, 10.2% Stop: 233.75 Loss: 2.2%
    • P/L ratio: 4.6 : 1 - Excellent
     
  2. StockConsultant

    StockConsultant Well-Known Member

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    ELF Beauty stock with a top of range breakout at https://www.stockconsultant.com/?ELF

    Breakout trade
    • CONFIRMED breakout trade above 111.13
    • Target: 124.17, 10.7% Stop: 107.7 Loss: 4%
    • P/L ratio: 2.7 : 1 - Good
     
  3. StockConsultant

    StockConsultant Well-Known Member

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  4. StockConsultant

    StockConsultant Well-Known Member

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  5. StockConsultant

    StockConsultant Well-Known Member

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

    Breakout trade
    • WATCH for possible breakout above 204.69
    • Target: 235.65, 19.8% Stop: 185.58 Loss: 5.6%
    • P/L ratio: 3.5 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend possibly bullish, Mild uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Breakout trade watch above 204.69, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  6. StockConsultant

    StockConsultant Well-Known Member

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    RARE Ultragenyx Pharmaceutical stock, watch for a bottom breakout at https://www.stockconsultant.com/?RARE

    Breakout trade
    • WATCH for possible breakout above 15.76
    • Target: 18.32, 20.8% Stop: 14.56 Loss: 4%
    • P/L ratio: 5.2 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] Excellent long trade quality
    • [Timing] Breakout trade watch above 15.76, no resistance in area just above.
     
  7. StockConsultant

    StockConsultant Well-Known Member

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    DKS Dicks Sporting Goods stock, watch for an upside gap breakout at https://www.stockconsultant.com/?DKS

    Breakout trade
    • WATCH for possible breakout above 141.5
    • Target: 153.47, 9% Stop: 136.56 Loss: 3%
    • P/L ratio: 3 : 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] Strong bullish 1 day moneyflow
    • [Timing] Breakout trade watch above 141.5, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] at resistance
     
  8. StockConsultant

    StockConsultant Well-Known Member

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