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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    SPHR Sphere Entertainment stock, nice trend and breakout, from Stocks to Watch at https://stockconsultant.com/?SPHR

    Breakout trade

    • CONFIRMED breakout above 146.67
    • Target: 162.1, 7.5% Stop: 144.44 Loss: 4.2%
    • P/L ratio: 1.8 : 1 - Fair
    BULLISH

    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] CONFIRMED breakout above 146.67, no resistance in area just above.
    BEARISH

    • [Positioning] 1 Day Price change extreme up, may pause/reverse
    • [Positioning] Short term strong rally, rally may start to slow.
    • [Positioning] Overbought, odds favor short trades.

    [​IMG]
     
  3. StockConsultant

    StockConsultant Well-Known Member

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    CHGG Chegg stock watch, pullback to 1.15 support area with good trade quality at https://stockconsultant.com/?CHGG

    Long Trade

    • Target 1: 1.44 Profit: 25.2% Stop/Trailing Stop: 1.08
    • Loss: 6.1% P/L ratio: 4.1 : 1 - Excellent
    • Target 2: 1.53 Profit: 33% P/L ratio: 5.4 : 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 possibly bearish, Uptrend turned sideways, may continue or pullback.

    [​IMG]
     

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