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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    DELL Technologies stock, nice trend, watch for a top of range breakout at https://www.stockconsultant.com/?DELL

    Breakout trade
    • WATCH for possible breakout above 596.69
    • Target: 685.19, 19.7% Stop: 543.94 Loss: 5%
    • P/L ratio: 3.9 : 1 - Excellent
    BULLISH
    • [Positioning] Intermediate trend bullish, Uptrend.
    • [Timing] Strong bullish 3 day candlestick pattern.
    • [Timing] Mild bullish 1 day moneyflow
    • [Timing] Breakout trade watch above 596.69, no resistance in area just above.
    BEARISH
    • [Positioning] at resistance
     
  2. StockConsultant

    StockConsultant Well-Known Member

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    HALO Halozyme Therapeutics stock watch, pullback to 109.19 triple support with bullish indicators at https://www.stockconsultant.com/?HALO

    Long Trade
    • Target 1: 118.57 Profit: 8.1% Stop/Trailing Stop: 107.11
    • Loss: 2.4% P/L ratio: 3.4 : 1 - Good
    • Target 2: 121.55 Profit: 10.8% P/L ratio: 4.5 : 1 - Excellent Extreme rally
    BULLISH
    • [Positioning] at support
    • [Timing] Mild bullish 3 day candlestick pattern with Strong 3 day accumulation.
    • [Timing] Good bullish 1 day moneyflow
    • [Timing] Good long trade quality
    BEARISH
    • [Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
     
  3. StockConsultant

    StockConsultant Well-Known Member

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    Before the close, breakout stocks to watch

    Some nice dip buying into the gap today on SPY and QQQ. Did a quick screen for breakouts and found a few good stocks : ABBV DELL PI TEAM and VRNS at https://www.stockconsultant.com
     

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