Stocks Ready to Break Out

Discussion in 'Trade Journals' started by TraderHR, Nov 21, 2019.

  1. TraderHR

    TraderHR Member

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    Stocks that are ready to break out and are consolidating in bullish/bearish triangles, flags, pennants, rectangles, and wedges ahead of the continuation of the trend.
     
  2. TraderHR

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  3. TraderHR

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    NIKE, Inc. (NKE) is consolidating in a rectangle pattern over the last 4 weeks with resistance in the 94.8 area. Break of that resistance if potential long swing trade entry level with targets at 96 and 97.5.
    [​IMG]
     
  10. TraderHR

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    The Goldman Sachs Group, Inc. (GS) – broke resistance at 224 on Friday with volume 2x average thus confirming new momentum which could move prices into 235 areas within the next 2-10 trading days.
    [​IMG]
    http://bit.ly/36eYikU
     
  11. TraderHR

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    ONEOK, Inc. (OKE) – watch for a break out of the ascending triangle at 72.6.
    [​IMG]
     
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    Biogen Inc. (BIIB) – approaching potential breakout point at 309. Watch for acceleration toward the 320-330 zone if breakout occurs.
    [​IMG]
     
  14. TraderHR

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    Garmin Ltd. (GRMN) confirmed breakout above 98 lateral resistance, target 101 area.
    [​IMG]
    full watch list: http://bit.ly/371TsIi
     
  15. TraderHR

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    Applied Materials, Inc. (AMAT) - watch for a breakout above 63...
    [​IMG]
     
  16. TraderHR

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    Live Nation Entertainment, Inc. (LYV) – long trade candidate on a break of 172.6 resistance.
    [​IMG]
     
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    Beyond Meat, Inc. (BYND) is approaching a potential breakout point in the 132-133 area after two weeks of consolidation in a symmetrical triangle formation. Targets in a case of breakout: 140, 160.
    [​IMG]
     

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