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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    PTRN Pattern Group stock, nice trend with a pullback to 23.03 support area and good trade quality at https://stockconsultant.com/?PTRN

    TARGET 1
    • Price: 27.04 Profit: 16.9% (Typical rally)
    • Stop/Trailing Stop: 22.15 Loss: 4.3%
    • P/L Ratio: 3.9 : 1 - Excellent
    TARGET 2
    • Price: 28.28 Profit: 22.2% P/L Ratio: 5.2 : 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 with Strong 3 day accumulation.
    • [Timing] breakout watch above 23.7, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  2. StockConsultant

    StockConsultant Well-Known Member

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    VOR Vor Biopharma stock, watch for a bull flag breakout at https://stockconsultant.com/?VOR

    Breakout trade
    • WATCH for possible breakout above 21.23
    • Target: 27.15, 35.7% Stop: 18.43 Loss: 7.9%
    • P/L ratio: 4.5 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern with Mild 3 day accumulation.
    • [Timing] Average bullish 1 day moneyflow
    • [Timing] breakout watch above 21.23, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
    • [Positioning] at resistance
     
  3. StockConsultant

    StockConsultant Well-Known Member

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

    Breakout trade
    • WATCH for possible breakout above 274.08
    • Target: 318.41, 20.5% Stop: 248.74 Loss: 5.9%
    • P/L ratio: 3.5 : 1 - Excellent
    BULLISH
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Strong bullish 1 day moneyflow
    • [Timing] breakout watch above 274.08, 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
     

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