


2 things acting as headwinds to the breakout. 200 MA just above pattern boundary & $65 will act as strong resistance. Otherwise, I well defined cup and handle chart pattern.
Multiple tests of rectangle resistance setting up for a breakout run.
Filling the gap after 4 months rectangle breakout
Bullish chart on a casino/gaming stock in the midst of a pandemic!
Broke out from 3 months #CupandHandle chart pattern yesterday to ATH
3 months Cup and Handle chart pattern forming on daily chart of NYSE:EXR
AMEX:NG been trading between $9.80 and $8 for 3 months forming a rectangle chart pattern. A down sloping trend-line is now also conversing with the rectangle resistance boundary. Breaking these 2 resistance levels will add to the validating of the breakout and triggers a long entry.
NASDAQ:SIEN forming 3 month descending triangle with $3.55 acting as support. A decisive break of that level would set the stage to short setup entry.
NYSE:WWE been trading sideways for 4 months forming a 4 month rectangle chart pattern. A daily close below $41 support level will confirm the breakdown and a run to chart pattern price target.
I posted about this breakout setup couple weeks ago here.
AKTS been trading sideways for over 4 months forming a #rectangle chart pattern with $9.40 acting as a strong resistance. A breakout and close above that level could set the stage for a strong rally to chart pattern price target identified on the chart.
Quite a few short plays are setting up on my watchlist. I've posted few yesterday and here is another one. An almost 4 month rectangle setup on NASDAQ:LIVN with the latest bounce from support stalling at the 20 MA and turning back down indicating possible weakness that could lead to a breakdown out of the rectangle chart pattern.
NYSE:CB closed right at the symmetrical triangle lower boundary. Looks ready for a move out of pattern.
NASDAQ:CALM broke out of the 4+ month ascending triangle chart pattern and close above resistance 4 days in a row before the news shock after the close yesterday. The stock gapped down 5+%, held around the opening print for around 2 hours and gravity took over from there. Remember, anything could happen when you enter the trade. Use stop losses and risk...
30 minutes to the close but NYSE:OFG seems weak and setting up for the symmetrical triangle breakdown.
NASDAQ:WW continue to look week forming 2 chart patterns that could complete to the downside in the coming days.
NYSE:PRSP is setting up for a possible descending triangle chart pattern formation breakout on the short side.
Looks like it want to break to the upside in the coming days.