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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    ABCL AbCellera Biologics stock, watch for a continuation breakout at https://www.stockconsultant.com/?ABCL

    Breakout trade
    • WATCH for possible breakout above 13.07
    • Target: 15.29, 21% Stop: 11.77 Loss: 6.8%
    • P/L ratio: 3.1 : 1 - Excellent
     
  2. StockConsultant

    StockConsultant Well-Known Member

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    XNCR Xencor stock watch, nice trend with a pullback to the 24.51 support area and good trade quality at https://www.stockconsultant.com/?XNCR

    Breakout trade
    • WATCH for possible breakout above 25.2
    • Target: 28.29, 14.4% Stop: 23.73 Loss: 4%
    • P/L ratio: 3.6 : 1 - Excellent
    BULLISH
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Extreme 3 day accumulation.
    • [Timing] Extreme bullish 1 day moneyflow
    • [Timing] Excellent long trade quality
    • [Timing] Breakout trade watch above 25.2, no resistance in area just above.
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     

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