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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    FRO Frontline stock watch, pullback to 50.71 support area with good trade quality, see also TNK at https://www.stockconsultant.com/?FRO

    Long Trade
    • Target 1: 106.56 Profit: 11.8% Stop/Trailing Stop: 92.89
    • Loss: 2.5% P/L ratio: 4.7 : 1 - Excellent
    • Target 2: 110.28 Profit: 15.7% P/L ratio: 6.3 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Short term strong pullback, pullback may start to slow.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.
    • [Timing] Excellent 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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    RDW Redwire stock, nice base here forming at the 8.31 triple+ support area with bullish indicators, just watch stops on a potential breakdown at https://www.stockconsultant.com/?RDW

    Long Trade
    • Target 1: 11.57 Profit: 37.9% Stop/Trailing Stop: 7.71
    • Loss: 8.1% P/L ratio: 4.7 : 1 - Excellent
    • Target 2: 12.57 Profit: 49.8% P/L ratio: 6.1 : 1 - Excellent Extreme rally
     
  4. StockConsultant

    StockConsultant Well-Known Member

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    RIGL Rigel Pharmaceuticals stock, watch for a top of range breakout at https://www.stockconsultant.com/?RIGL

    Breakout trade
    • WATCH for possible breakout above 50.05
    • Target: 55.1, 10.6% Stop: 48.15 Loss: 3.4%
    • P/L ratio: 3.1 : 1 - Excellent
     
  5. StockConsultant

    StockConsultant Well-Known Member

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  6. StockConsultant

    StockConsultant Well-Known Member

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    RARE Ultragenyx Pharmaceutical stock, watch for an upside gap breakout at https://www.stockconsultant.com/?RARE

    Breakout trade
    • WATCH for possible breakout above 16.4
    • Target: 19.16, 19.2% Stop: 15.34 Loss: 4.6%
    • P/L ratio: 4.2 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Mild bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] Long trade quality
    • [Timing] Breakout trade watch above 16.4, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  8. StockConsultant

    StockConsultant Well-Known Member

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    After a rough month, quantum computing stocks QBTS, QUBT, and RGTI are all back at support. The trade quality is there, but so is the risk of another breakdown at https://www.stockconsultant.com/?QBTS
     
  9. StockConsultant

    StockConsultant Well-Known Member

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    CRSR Corsair Gaming stock, watch for a top of range breakout at https://www.stockconsultant.com/?CRSR

    Breakout trade
    • WATCH for possible breakout above 14.17
    • Target: 15.96, 14.7% Stop: 13.37 Loss: 4%
    • P/L ratio: 3.7 : 1 - Excellent
     
  10. StockConsultant

    StockConsultant Well-Known Member

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  11. StockConsultant

    StockConsultant Well-Known Member

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    HLF Herbalife stock watch, pullback to 13.24 support area with bullish indicators at https://www.stockconsultant.com/?HLF

    Long Trade
    • Target 1: 15.14 Profit: 12.4% Stop/Trailing Stop: 13.11
    • Loss: 2.7% P/L ratio: 4.6 : 1 - Excellent
    • Target 2: 15.69 Profit: 16.5% P/L ratio: 6.1 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] Excellent long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance
     
  13. StockConsultant

    StockConsultant Well-Known Member

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    BYND Beyond Meat stock watch, attempting to break the down trend with a move higher off the 6.77 support area at https://www.stockconsultant.com/?BYND

    Long Trade
    • Target 1: 10.32 Profit: 39.8% Stop/Trailing Stop: 6.5
    • Loss: 11.9% P/L ratio: 3.3 : 1 - Good
    • Target 2: 12.2 Profit: 65.3% P/L ratio: 5.5 : 1 - Excellent Extreme rally
     
  14. StockConsultant

    StockConsultant Well-Known Member

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  15. StockConsultant

    StockConsultant Well-Known Member

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

    Breakout trade
    • WATCH for possible breakout above 55.85
    • Target: 66.06, 19.1% Stop: 52.6 Loss: 5.2%
    • P/L ratio: 3.7 : 1 - Excellent
     
  17. StockConsultant

    StockConsultant Well-Known Member

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    NIQ Global Intelligence stock, watch for a conitnuation breakout at https://www.stockconsultant.com/?NIQ

    Breakout trade
    • WATCH for possible breakout above 20.63
    • Target: 23.17, 13.8% Stop: 19.62 Loss: 3.7%
    • P/L ratio: 3.7 : 1 - Excellent
     

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