Breakout and Swing Trade Ideas

Discussion in 'Stock Market Today' started by StockConsultant, May 19, 2022.

  1. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
    CHTR Charter Communications stock watch, pullback to 129.17 lower triple support area with good trade quality at https://stockconsultant.com/?CHTR

    Long trade

    TARGET 1
    • Price: 154.96 Profit: 19.9% (Typical rally)
    • Stop/Trailing Stop: 123.5 Loss: 4.4%
    • P/L Ratio: 4.5 : 1 - Excellent
    TARGET 2
    • Price: 162.7 Profit: 25.9% P/L Ratio: 5.9 : 1 - Excellent (Extreme rally)
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Average 3 day accumulation.
    BEARISH
    • [Timing] Strong bearish 1 day moneyflow
    • [Timing] breakdown watch below 124.95, no support in area just below.
     
  2. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
  3. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
    CMPX Compass Therapeutics stock, good day, watch for a rally off the 2.03 triple support area at https://stockconsultant.com/?CMPX

    Long Trade
    • Target 1: 2.63 Profit: 24.1% Stop/Trailing Stop: 1.98
    • Loss: 6.6% P/L ratio: 3.7 : 1 - Good
    • Target 2: 2.8 Profit: 32.1% P/L ratio: 4.9 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Mild bullish 1 day moneyflow
    BEARISH
    • None
     
  4. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
  5. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
    GH Guardant Health stock watch, two legs pullback to the 150.42 support area with good trade quality at https://stockconsultant.com/?GH

    Long Trade
    • Target 1: 173.91 Profit: 15.8% Stop/Trailing Stop: 145.42
    • Loss: 3.2% P/L ratio: 4.9 : 1 - Excellent
    • Target 2: 181.02 Profit: 20.5% P/L ratio: 6.4 : 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 bearish, Unsustainable uptrend, may turn sideways.
     
  6. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
    FULC Fulcrum Therapeutics stock, watch for an upside gap breakout at https://stockconsultant.com/?FULC

    Breakout trade
    • WATCH for possible breakout above 3.93
    • Target: 4.75, 26.3% Stop: 3.55 Loss: 5.6%
    • P/L ratio: 4.7 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
    • [Timing] Mild bullish 3 day candlestick pattern with Good 3 day accumulation.
    • [Timing] Mild bullish 1 day moneyflow
    • [Timing] breakout watch above 3.93, no resistance in area just above.
    BEARISH
    • None
     
  7. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
    LDOS Leidos stock, with a bottom breakout at https://stockconsultant.com/?LDOS

    Breakout trade
    • CONFIRMED breakout above 110.27
    • Target: 119.31, 8.1% Stop: 106.67 Loss: 3.3%
    • P/L ratio: 2.5 : 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] Good bullish 1 day moneyflow
    • [Timing] CONFIRMED breakout above 110.27, no resistance in area just above.
    BEARISH
    • [Positioning] 1 Day Price change strong up, may pause
     
  8. StockConsultant

    StockConsultant Well-Known Member

    Joined:
    Apr 25, 2016
    Messages:
    4,790
    Likes Received:
    31
    PACB Pacific Biosciences of California stock watch, attempting to rally off the 1.35 triple+ support area at https://stockconsultant.com/?PACB

    Long Trade
    • Target 1: 1.71 Profit: 22.1% Stop/Trailing Stop: 1.34
    • Loss: 4.3% P/L ratio: 5.1 : 1 - Excellent
    • Target 2: 1.81 Profit: 29.3% P/L ratio: 6.8 : 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] Strong bullish 1 day moneyflow
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
     
  9. stocknewbie

    stocknewbie New Member

    Joined:
    Feb 16, 2021
    Messages:
    1
    Likes Received:
    0
    I’ve traded GoodRx a few times now, and lately I’ve noticed the same thing with the price hovering right below that 3.14 area. Sometimes these setups look perfect for a breakout but then just get stuck at resistance or fake out, so I’m pretty careful about setting alerts and waiting for real volume to step in. Entry timing with these small caps can be brutal because it whips around fast, and if the trend reverses, you can get stopped out quick. Usually I’ll trade something like this only after I see a proper close above resistance, not just a quick intraday wick.
     

Share This Page