It’s said that three out of every four stocks will follow the trend of the general market. It’s also known that the best opportunities come when a bear market ends, and a fresh new uptrend begins. The question is, how do you know when a new uptrend starts? The Follow Through Day A Follow Through Day was defined by William O’Neil as “when one of the major market...
WING broke out of its most recent base with a strong earnings gap. After consolidating recent gains, it came down and touched the 21 ema and now has the potential for a low-risk kicker pattern entry on Monday if it gaps above Fridays open of $156.81. Kicker indicator -
RMBS broke out of a cup base 4 weeks ago and now has 3 tight weekly closes and a flag. The weekly chart shows very nice accumulation, and I would consider this for a swing trade if it can push above the trendline since this is very extended from the 10 week and 50 day moving averages.
PODD had a massive earnings gap breaking out of a cup base. Since then, there has been an orderly pullback to the low of the gap up day which sits just above the 21 ema. After staging an upside reversal candle, this was buyable the next day as it pushed over the high of the upside reversal. This buy already triggered; however, it remains right in buy range and is...
Since breaking out of its cup with handle base LULU has held above the breakout level and the left side high of the base. That is something that we haven’t seen much of this year. LULU has formed a nice flag with a multitouch trendline. If LULU can push above the trendline it is actionable
GFS is a young IPO that has finally formed its first proper base. The weekly chart shows tons of accumulation and a strong volume profile. This broke out of a 13-week 29% deep cup base and now has a tight weekly close. I will be watching this to hopefully pullback to the 21 ema. It may not happen, but if it does, I will be ready to pounce
CELH has formed a nice 3 touch trendline as it continues to consolidate near highs. This could offer a low risk entry if we can push over this tomorrow
WOLF showed amazing relative strength last week rising 5% while the market fell over 5%. This has formed a high tight flag and is buyable over 123.25 with high volume
$ARRY forming a nice coil within its high tight flag. Respecting the 21 ema and the lower trendline. Looks ready to make a move one way or the other soon, Tuesday's CPI report likely to determine the direction
$CELH setting up potential small head and shoulders on the daily chart, could come down and fill the gap if the market weakens, if not and we can get back above $109.74 I expect a move back to new highs quickly. Failed moves lead to fast moves
$SWAV setting up a very nice 3 touch trendline here. Potentially setting up a mini coil as well if Monday's session can stay inside Thursdays bar Also watching this for a first touch of the 10 week line, but that will likely be market dependent