The Boeing Company ( $BA ) broke above 143 resistance level thus confirming technical reversal... chart >> https://www.traderhr.com/the-boeing-company-ba-confirmed-trend-reversal/
Minerva Neurosciences, Inc. (NERV) — watch for a possible new wave in the coming week if the price breaks out of a bull pennant.
Tesla, Inc. ( $TSLA ) reached strong support in the 210 area and could bounce in the coming days, with potential swing trade entry above 227. https://www.traderhr.com/chart-anal...a-short-term-outlook-swing-trade-possibility/
Netflix, Inc. (NFLX) -- watch for a potential breakout from an ascending triangle chart pattern above 452 area.
Oracle Corporation (ORCL) approaching a potential breakout point, after multi-week consolidation in descending triangle chart pattern. https://www.traderhr.com/free-trade-ideas/oracle-corporation-orcl/
The chart for SIMO shows a technical setup indicating a potential breakout. Here’s a detailed analysis: Current Price: SIMO is trading at 82.71. Chart Pattern: The chart reveals a descending triangle pattern with the price approaching the breakout point at 84.1, suggesting a potential bullish breakout. Indicators: Bollinger Bands (BB): The stock is near the upper Bollinger Band, indicating a bullish trend. Volume: There is an increase in volume as the price approaches the breakout level, suggesting growing buying interest. Simple Moving Averages (SMA): The 50-day SMA is trending upwards, further indicating a bullish sentiment. Trading Strategy: Entry Point: Enter the trade if the stock breaks above the 84.1 level. Targets: T1: 85.9 (Exit 25%, move stop loss to breakeven) T2: 88.9 (Exit 50%, move stop loss to T1 level) T3: 91.5 (Exit remaining 25%) Stop Loss: Set at 81.4 to manage risk. Risk Management: The strategy emphasizes gradual exits and adjusting stop losses to secure profits and minimize potential losses. Overall, the chart suggests a potential bullish breakout, supported by volume trends and moving averages, with a well-defined strategy for entering and exiting the trade.
Chart Analysis: NEE Current Price: As per the chart date, the stock is trading at approximately 77.58. Trend: The price is exhibiting a slight upward trend but is close to a downward resistance line. Bollinger Bands: The stock is trading near the middle of the Bollinger Bands, suggesting moderate volatility. Volume: The volume bars indicate varying levels of trading activity, with some spikes correlating with price movements. Conclusion The stock shows a potential for a bullish breakout if it can surpass the resistance at 78.2. The defined trading strategy provides a clear plan for profit-taking while minimizing risks. Traders should continue to monitor the market for any changes in momentum or volume that could influence the stock's direction.
Analysis of ABT Stock Chart Current Price: The stock is currently trading at $112.10, just below the breakout watch level at $112.4. Trend Analysis: ABT has been in an uptrend since early August, consistently forming higher lows. The ascending trendline and moving averages suggest continued bullish momentum. Volume Analysis: The volume appears to be relatively stable, but an increase in volume near the breakout level would confirm a strong move. Support and Resistance: The breakout level is at $112.4. A breakout above this could push the stock towards the first target at $113.5, followed by $114.8 and $116.8. The stop-loss is set at $110.8 to manage downside risk. Conclusion ABT stock is on the verge of a breakout at $112.4. The strategy suggests taking partial profits at $113.5, $114.8, and $116.8 if the breakout is successful. The stop-loss at $110.8 will help limit potential losses. Keep an eye on the volume for confirmation of a strong breakout.
LAD stock is approaching a critical breakout point at $306.1. The recommended trading strategy includes exiting 25% at T1 ($314.5) with the stop loss moved to breakeven, exiting 50% at T2 ($327.5) with the stop loss moved to T1, and exiting the remaining 25% at T3 ($342.5). The stop loss is initially set at $294.4 to limit potential downside. It is important to monitor the volume closely for confirmation of a breakout above $306.1, as the increased volume could signify a stronger breakout move.
TSLA stock is approaching a critical breakout point at $216.1. The recommended trading strategy includes exiting 25% at T1 ($224.5) with the stop loss moved to breakeven, exiting 50% at T2 ($232.9) with the stop loss moved to T1, and exiting the remaining 25% at T3 ($244.9). The stop loss is initially set at $205.9 to limit potential downside. It is important to monitor the volume closely for confirmation of a breakout above $216.1, as increased volume could signify a stronger breakout move.
META is displaying a bull flag pattern, indicating potential for further upside. The stock is currently consolidating within the flag’s boundaries, with support near $505 and resistance around $532. A breakout above $532 could confirm the bullish continuation, leading to higher price levels. However, if the price falls below $505, it may signal a temporary weakness. Traders should watch for volume spikes, as this could help confirm the breakout from the bull flag.
Watch List for Sep 16th, 2024 $MHK $PRMW $EVRG $EGBN ... charts: https://www.traderhr.com/watch-list-for-sep-16th-2024-free/#triangle#chartpattern
The chart for MTB shows a breakout attempt from a consolidation pattern with a rising trendline. Price is nearing a critical resistance level, and volume will be essential in confirming a sustained move higher.
