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Neckline

U - Bullish DivergenceU had been building a base since Last Sept (10 months in the making now) and had remained above its 200-day moving average since 6th June this year. We also saw a Golden Cross on 28th June. Hence the longer-term picture of U remains potentially bullish except that it has been very volatile since its first attempt to break above its basing neckline @ 42-43 on 16 June. U has now broken up its neckline for the 3rd time (since 16th June) and once again, experienced another steep pullback (for the past 5 days). The pullback now appears to be stalling at the neckline and a bullish divergence is between its price and RSI is also emerging. Could this bullish divergence be a clue to its earnings announcement (expected on 2nd Aug)? However, bear in mind there is always an inherent risk to trade during earnings. Should the stock be able to stay above its neckline in the coming days, then the odds have increased that it's uptrend could gain more stability (just hopefully though!). Meanwhile, buying the dips is still a safer way to approach this stock. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:U
by Juliac
5
UPWK - emerging from base (buy the dips)UPWK has been forming a base with neckline around 14.50 -15.35. Upon earnings announcement yesterday, it gapped up decisively on huge volume, rising a crazy 44%, and closing right at neckline. What is clear is that it could be near the end of its base building and could begin to start trending up in the coming weeks. The entry is tricky now due to its oversized move in a single day, hence I would prefer to see some pullback from here to look for opportunity to enter at the dips (fib-retracement level, candlestick reversal setups etc) A more conservative approach is long only when it has cleared the neckline above 15.35. It may sound counter-intuitive to buy at hgher prices but in actual the odds of a sustainable trend is also increased when the stock is able to clear a significant resistence (namely, the neckline). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NASDAQ:UPWKLong
by Juliac
4
USDCHF I Brief short and break of neckline Welcome back! Let me know your thoughts in the comments! ** USDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
8
AVTR - Base BuildingAVTR had formed a double bottom since 27 Apr but it was not until 19 Jul that it began to gain momentum to the upside, rising and staying above a mini neckline @ 21.80 since 21st Jul. It is expected to announce earnings tomorrow on 28 July. Should the stock rise on earnings release, I would be interested to accumulate on the next dip. However, as the stock is still within its basing formation with neckline @ 25.20, it is ok to wait conservatively till a confirmed rise above this neckline before accumulating (on dips). There is still a lot of room to move should it manage to rise above the base. p/s: it is always safer to look trade setups AFTER earnings announcements. (disclaimer). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:AVTRLong
by Juliac
2
ZS - opportunity to buy this dipZS gapped and broke above a neckline "zone" (142 - 145) on 2nd June, eventually hitting a high of 162.67 before retracing all the way back to the neckline. The stock is still in the early stage of an uptrend as it is now trading above it's 200 day moving average (with a golden cross that happened last Thur). "Breakup and retest of a neckline" often provides a 2nd opportunity to long as stock rebounds back above the neckline. However, in ZS' case, the rebound that followed after the initial retest of the neckline was feeble at best. After whipping around the neckline for slightly more than a week, there was a sudden more aggressive sell off last Thursday (6th Jul) as it attempted to close the gap @ 135 that formed just prior to the breakup. The gap closing mission did not succeed as it appeared bulls came back in force resulting in the formation of a small pinbar (bullish) by the day's close. The trigger to long however, came only this morning as ZS began to rise above the neckline decisively. The bulls appear to be back in control again with today's strong bullish candle thus far (a variation of "morning star" formation) . Currently stop loss should be placed just below the mini pin bar that formed on 6th Jul (ie under 138). I suspect we won't see anymore attempt to close the gap @ 135 in the near future (although nothing is guaranteed!) Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NASDAQ:ZSLong
by Juliac
CRWD - opportunity to buy this dipCRWD broke up both above its neckline @ 139 as well as it's 200 day moving averge on 18 May. Traded to a hgh of 162.25 before retracing all the way to retest it's neckine. It formed a mini pin bar right at the neckline, affirming that the neckline is now the "support" in the near term. This is a 2nd opportunity to long if we had missed the breakup, with an initial stop loss just slightly below the neckine of $139. Expect some resistences should it able to rise towards old supply zones around 167,181,195 and 205 etc). Take partial profits and also trail stops up along the way according to one's risk appetite and trading style (short or longer term). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NASDAQ:CRWDLong
by Juliac
ACCO Potential up until $6.39🐂 Trade Idea: Long - ACCO 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 5.57 🐿 DCA: No / Yes, up to or down to xxx.xx 😫 Stop-Loss: 4.75 🎯 Take-Profit #1: 6.39 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Double bottom on the weekly at 4.27 with an ascending triangle formation. At 6.50 we can see the current neck line. First profit target should be slightly below at 6.39. Rest can trail and if we can jump above the 6.50 we could see some substantial upward potential. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:ACCOLong
by LGNDRY-Capital
1
CVNA - Trending but volatileCVNA had broken out of its basing formation neckline (a region between $17- $20) on 8 Jun on huge volume. It hit a high of 28.52 on 16 June before pulling back to retest near the neckline @ 20, then rebounded again from there. IT's trend is in earlys stage yet with immediate suport @ 20. However be mindful that lower priced stocks tend to have huge volatility (both up and down). Hence it is important to position size accordingly or chose to exit if it pulls back beyond a certain % and wait for entry again once there are signs that the short term correction is over. Watch out for resistences on the way up around $42 and also around $53+. Also be careful around earning releases. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
NYSE:CVNA
by Juliac
U - buy the dipsSince last November, Unity had been whipped in a wide range between 24 to almost 43 at least twice and now looks to retest $43 again in the coming days (weeks). The odds of a successful break out of this range has increased with the announcement on 5th June by AAPL of it's partnership with Unity on the Apple Vision Pro. Volume was great after the annoucement and although the stock started to sell off by the next day, it eventually found support at the 38.2% fibonacci retracemnt of it's most recent AB upswing. This forms the near term pviot which is a good place to place an initial stop (at least 50cts below) for those initiating a long trade now. While the 42-43 might still pose some headwinds in the near term, I suspect that the next retracement from there will be "shallow" and not going to bring it right back to the range low at 24+ (as had happened several times in the last 7 months. This is because dynamics of the overall market sentiment has been changing to more bullish now. However, a trailing stop will help if this speculation is wrong. p/s with FOMC round the corner, the market could sell off after, and if it does, it could provide a much needed breather before trend resumption. Hence I would view any near term pullback as opportunity to long stocks that are looking technically attractive. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:ULong
by Juliac