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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    QGEN Qiagen stock, watch for a bull flag breakout at https://stockconsultant.com/?QGEN

    Breakout trade
    • WATCH for possible breakout above 42.42
    • Target: 46.2, 11.3% Stop: 40.41 Loss: 2.6%
    • P/L ratio: 4.3 : 1 - Excellent
    BULLISH
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] breakout watch above 42.42, no resistance in area just above.
    BEARISH
    • [Positioning] Overbought, odds favor short trades.
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
    • [Positioning] at resistance
     
  2. StockConsultant

    StockConsultant Well-Known Member

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    PLNT Planet Fitness stock, watch for an upside gap breakout at https://stockconsultant.com/?PLNT

    Breakout trade
    • WATCH for possible breakout above 54.17
    • Target: 59.91, 13.3% Stop: 50.74 Loss: 4%
    • P/L ratio: 3.3 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] breakout watch above 54.17, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  3. StockConsultant

    StockConsultant Well-Known Member

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    FNKO Funko stock, good day, watch for a top of range breakout at https://stockconsultant.com/?FNKO

    Breakout trade
    • WATCH for possible breakout above 5.97
    • Target: 6.86, 16.5% Stop: 5.59 Loss: 5.1%
    • P/L ratio: 3.2 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend possibly bullish, Mild uptrend.
    • [Timing] Mild bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] breakout watch above 5.97, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] at resistance
     
  4. StockConsultant

    StockConsultant Well-Known Member

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    ADCT Adc Therapeutics stock, watch for an upside gap breakout at https://stockconsultant.com/?ADCT

    Breakout trade
    • WATCH for possible breakout above 1.37
    • Target: 1.68, 24.4% Stop: 1.23 Loss: 8.9%
    • P/L ratio: 2.7 : 1 - Good
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern with Mild 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] breakout watch above 1.37, no resistance in area just above.
    BEARISH
    • [Positioning] Short term typical rally, rally may start to slow.
    • [Positioning] at resistance

    [​IMG]
     
  5. StockConsultant

    StockConsultant Well-Known Member

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    ZVRA Zevra Therapeutics stock watch, pullback to 12.85 gap support area with good trade quality at https://stockconsultant.com/?ZVRA

    Long Trade

    TARGET 1
    • Price: 14.61 Profit: 14.4% (Typical rally)
    • Stop/Trailing Stop: 12.35 Loss: 3.3%
    • P/L Ratio: 4.4 : 1 - Excellent
    TARGET 2
    • Price: 15.15 Profit: 18.6% P/L Ratio: 5.6 : 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.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Timing] breakdown watch below 12.56, no support in area just below.
     
  6. StockConsultant

    StockConsultant Well-Known Member

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    VOR Vor Biopharma stock watch, pullback to 17.89 triple+ support area with high trade quality at https://stockconsultant.com/?VOR

    Long Trade
    • Target 1: 24.54 Profit: 35.7% Stop/Trailing Stop: 16.54
    • Loss: 8.6% P/L ratio: 4.2 : 1 - Excellent
    • Target 2: 26.67 Profit: 47.4% P/L ratio: 5.5 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Good bullish 1 day moneyflow
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
     
  7. StockConsultant

    StockConsultant Well-Known Member

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    ROKU stock watch for a bull flag breakout at https://stockconsultant.com/?ROKU
    Breakout trade
    • WATCH for possible breakout above 145.59
    • Target: 156.56, 8.4% Stop: 141.71 Loss: 1.9%
    • P/L ratio: 4.4 : 1 - Excellent
    BULLISH
    • [Timing] Mild bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] Average bullish 1 day moneyflow
    • [Timing] breakout watch above 145.59, no resistance in area just above.
    BEARISH
    • [Positioning] Overbought, odds favor short trades.
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  8. StockConsultant

    StockConsultant Well-Known Member

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    NKTR Nektar Therapeutics stock watch, pullback to 69.32 triple+ support area and possibly the start of a nice trend at https://stockconsultant.com/?NKTR

    Long Trade
    • Target 1: 80.29 Profit: 17.8% Stop/Trailing Stop: 64.85
    • Loss: 4.9% P/L ratio: 3.6 : 1 - Good
    • Target 2: 84.21 Profit: 23.5% P/L ratio: 4.8 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
     
  9. StockConsultant

    StockConsultant Well-Known Member

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    PLNT Planet Fitness stock, nice upside gap breakout, volume +37%, from Stocks to Watch at https://stockconsultant.com/?PLNT

    Breakout trade
    • CONFIRMED breakout above 54.15
    • Target: 60.04, 8.7% Stop: 53.05 Loss: 4%
    • P/L ratio: 2.2 : 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] Extreme bullish 1 day moneyflow
    • [Timing] CONFIRMED breakout above 54.15, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change extreme up, may pause/reverse
     
  10. StockConsultant

    StockConsultant Well-Known Member

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    PGEN Precigen stock watch, attempting to move higher off the 4.92 triple+ support area at https://stockconsultant.com/?PGEN

    Long Trade
    • Target 1: 6.06 Profit: 19.5% Stop/Trailing Stop: 4.83
    • Loss: 4.7% P/L ratio: 4.1 : 1 - Excellent
    • Target 2: 6.39 Profit: 26% P/L ratio: 5.5 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Positioning] at support
    • [Timing] Strong bullish 3 day candlestick pattern.
    BEARISH
    • None
     
  11. StockConsultant

    StockConsultant Well-Known Member

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    GEO stock, nice trend, watch for a narrow range breakout at https://stockconsultant.com/?GEO

    Breakout trade
    • WATCH for possible breakout above 30.87
    • Target: 34.11, 11.5% Stop: 29.37 Loss: 4%
    • P/L ratio: 2.9 : 1 - Good
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern with Average 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] breakout watch above 30.87, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  12. StockConsultant

    StockConsultant Well-Known Member

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    DAL Delta Air Lines stock watch, two legs pullback to 83.98 support area with good trade quality, see also UAL at https://stockconsultant.com/?DAL

    Long Trade
    • Target 1: 93.04 Profit: 10.1% Stop/Trailing Stop: 83.08
    • Loss: 1.7% P/L ratio: 5.9 : 1 - Excellent
    • Target 2: 95.43 Profit: 12.9% P/L ratio: 7.6 : 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.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  13. StockConsultant

    StockConsultant Well-Known Member

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    PEB Pebblebrook Hotel Trust REIT stock, good trend, watch for a top of range breakout, see also APLE CLDT stocks at https://stockconsultant.com/?PEB

    Breakout trade
    • WATCH for possible breakout above 19.64
    • Target: 21.2, 9.8% Stop: 18.71 Loss: 3.1%
    • P/L ratio: 3.2 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Mild bullish 1 day moneyflow
    • [Timing] breakout watch above 19.64, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
    • [Positioning] at resistance
     
  14. StockConsultant

    StockConsultant Well-Known Member

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    JAZZ Pharmaceuticals stock with a range breakout at https://stockconsultant.com/?JAZZ

    Breakout trade
    • CONFIRMED breakout above 250.93
    • Target: 268.77, 6.2% Stop: 245.7 Loss: 2.9%
    • P/L ratio: 2.1 : 1 - Fair
    BULLISH
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] CONFIRMED breakout above 250.93, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change extreme up, may pause/reverse
    • [Positioning] Overbought, odds favor short trades.
     
  15. StockConsultant

    StockConsultant Well-Known Member

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  16. StockConsultant

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    BLZE Backblaze stock, nice trend with a pullback to 13.26 support area and good trade quality at https://stockconsultant.com/?BLZE

    Long Trade

    TARGET 1
    • Price: 16.66 Profit: 23.6% (Typical rally)
    • Stop/Trailing Stop: 12.74 Loss: 5.5%
    • P/L Ratio: 4.3 : 1 - Excellent
    TARGET 2
    • Price: 17.52 Profit: 30% P/L Ratio: 5.5 : 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 with Strong 3 day accumulation.
    BEARISH
    • [Positioning] Strong Up trend (1 month), not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.
    • [Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
    • [Timing] breakdown watch below 12.68, no support in area just below.
     
  17. StockConsultant

    StockConsultant Well-Known Member

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    BFLY Butterfly Network stock watch, pullback to the 6.71 gap support with bullish indicators at https://stockconsultant.com/?BFLY

    Long Trade
    • Target 1: 8.61 Profit: 26.2% Stop/Trailing Stop: 6.46
    • Loss: 5.3% P/L ratio: 4.9 : 1 - Excellent
    • Target 2: 9.18 Profit: 34.6% P/L ratio: 6.5 : 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 with Strong 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  18. StockConsultant

    StockConsultant Well-Known Member

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    FTRE Fortrea stock, nice close and narrow range breakout from Stocks to Watch at https://stockconsultant.com/?FTRE

    Breakout trade
    • CONFIRMED breakout above 18.45
    • Target: 21.14, 14.4% Stop: 17.55 Loss: 5.1%
    • P/L ratio: 2.8 : 1 - Good
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] CONFIRMED breakout above 18.45, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
     
  19. StockConsultant

    StockConsultant Well-Known Member

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    BCAX Bicara Therapeutics stock watch, nice trend with a pullback to 27.66 and good trade quality at https://stockconsultant.com/?BCAX

    Long Trade
    • Target 1: 32.15 Profit: 15% Stop/Trailing Stop: 26.76
    • Loss: 4.3% P/L ratio: 3.5 : 1 - Good
    • Target 2: 33.51 Profit: 19.8% P/L ratio: 4.6 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern.
    BEARISH
    • [Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.

    [​IMG]
     
  20. StockConsultant

    StockConsultant Well-Known Member

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