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Breakoutstocks

Wayfair (W) New Stage 2 Breakout BuyWayfair is the kind of stock you can make a lot of money on by catching the early move. It has household name recognition, trends well, follows the traditional growth stock stages, and is both large enough to attract institutional investors while still being small enough to deliver triple-digit gains. In 2020, for example, shares surged 1,500% in just over five months. A quick look at a longer-term chart and you will see what I mean. The stage analysis above highlights the 4 stages of the stock cycle. This is based on the work of Richard Wyckoff and Stan Weinstein - both legends of the industry. A stock entering a new Stage 2 uptrend is at the ideal buy point. When timed correctly, these can lead to extraordinary gains with limited downside risk. The line in the sand for W is at $75 per share. This is the pivot point, the breakout trigger, key resistance... whatever you want to call it. In the weekly chart below you can see the significance of this level. It served as short-term support on the way down and then became resistance which has held the stock back for over a year. In my opinion, the move above this level last month was a failed breakout in a weak market. This is not a reason to pass on the second attempt. W has consolidated nicely on a series of shallowing retracements and its 10, 21, and 50-day moving averages merging to offer support at today's price. One other catalyst... Overstock.com (which Wayfair also owns) plans to re-brand to something even more recognizable - Bed, Bath & Beyond. It bought the name, domain, and loyalty program assets on the cheap when the company went into bankruptcy a few months ago. This re-brand could be the fresh start the company needs to jumpstart sales growth and trigger a new Stage 2 uptrend in the stock. A move above $75 would confirm the move, and that is where I will look to buy.
NYSE:WLong
by rossgivens
3
BEARDSELL- LOOKS SUPER ATTRACTIVE FOR LONGHello Friends, Here we had shared possible Elliot wave counts of BEARDSELL LTD (NSE), which is Showing that we are currently in impulse wave in which we have completed Wave ((1)) and ((2)) of some degree and now we are in wave ((3)) in which we have completed wave (1) and (2) and currently we are unfolding wave (3) and again in which we have completed wave 1 and 2 and are going to unfold wave 3 of wave (3) of wave ((3)) Stock also gave the breakout of cup and handle pattern which also giving bullish bias and All the supporting indicators are also having bullish bias for this stock in dual time frame of which snapshots are mentioned below. overall Elliot wave structure shows that stock has completed corrective WAVE ABC as flat correction in 3-3-5 waves which expanded till 1.618 fib levels and currently we are in impulse wave. current scenario of Elliot Cup and Handle chart pattern stock went sideways after giving breakout of cup and handle pattern on 28th july 2022, and recently on 25 may 2023 stock again gave breakout of downward sloping trendline with good intensity of volume Price challenging upper bollinger bands price is trading above 50DEMA, 100DEMA and 200 DEMA MACD in daily time frame MACD in weekly time frame RSI in daily time frame RSI in weekly time frame overall the scenario for BEARDSELL LTD is showing bullish bias Disclaimer I am not SEBI registered analyst please consult your financial advisor before taking investing decision i am not responsible for any kinds of your profits and losses.
NSE:BEARDSELLLong
by KARANN_DINGRA
4
PETRONET BREAKOUT SOON !!1 The price was taking resistance from the long time. Price taken support from the support zone and now trading near resistance and resistance area of 226-232.If price breaks the level of 232 and closes than good move possible towards the upside. After breakout can enter in long position for the target of 230/260/300 in next coming trading sessions. #PETRONET 👉 Chart Setup looks good👍 👉 Breakout Possible Above 232-34📈 👉Above Breakout Good Upmove can be seen📈 👉Buy Above Breakout For 230/260/300+🎯 👉Keep On radar✅ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:PETRONETLong
by Jha_Nidhi
08MPD: 1ST TARGET 248%HELLO FRIENDS! NIPPON INDIA MUTUAL FUND has shown good volume with trendline breakout. In this chart we'll take entry at current price considering stoploss below the 6ma candle close. We can take a chance in this chart as all the stocks related to this fund showing good momentum with huge volume below. Our 1st target is 248% as per my advance technical analysis. Please refer to the chart for details. DISCLAIMER: PLEASE TRADE AT YOUR OWN RISK. I SHARE MY IDEAS AND ANALYSIS FOR EDUCATIONAL PURPOSES ONLY.
BSE:08MPDLong
by Cruoso4u
Buy TINPLATEHigh Probability Trade Timeframe Used: Weekly Trade Frame: Few Weeks/Months Why Buy ? -> Simple Price Action, Price making HH-HL. -> After reaching ATH, price retraced from 50% Fib levels and has given a nice breakout with Volumes -> Nice CUP breakout on longer TF For Swing: Buy Above: 325 Stop Loss: 280 (Weekly Closing Basis) Targets: 345, 375, 400 ++ Trail your SL above 350 For Midterm: Buy Above: 325 Stop Loss: 250 Add More around 300 levels, add at every dip till 280 Ride this stock for long !!
TLong
by dixitsoham7