Thread for US stocks near breakouts and springs.
Mainly focusing on market leaders for breakout opportunities and those displaying the greatest Relative Strength.
Jack
Looks good and strong fundamentals
About the Author
Jack Corsellis
https://www.youtube.com/jackcorsellis https://www.jackcorsellis.com
71 comments
Jack Corsellis
$PLTR Tightening up constructively and ARK Investments have been buying.
Blue arrow previous entry from Wyckoff Wave Pattern / VCP
https://www.tradingview.com/x/tOP2VMjf/
LeeA_uk
$UPS is an interesting one, currently at just under 160 with an expectation to post an improvement on those Q4 results on 2nd Feb. Possibly good value with potential to break out in the next few weeks?
Rusty2
Well $DDOG did not break out but fell back to around +2% at close but $PLTR certainly did break out closing +25%, which is close to the all time high.
Good volume on the day.
Rusty2
Just been looking at some US shares and $HEAR does look interesting, cup is forming, forecasts are going up, no debt and plenty of cash.
LeeA_uk
Yeah I like Turtle Beach, they are definitely benefiting from the gaming surge, got this on the watch list and hoping for an entry around the 20-21 mark if the recent uptrend pulls back. Q4 results due 23rd March so still a bit of time to get in.
Snowbum
Alto Ingredients, $PEIX looking like it could be ready to break higher again after consolidating into a nice base after a solid bull flag. (I hold)
With fundamental driver behind it for some sp action (higher hopefully). Company is recently rebranded 'Pacific Ethanol', name change to reflect the pivot from fuel ethanol to speciality, with higher gross margins :)
Udit Kalra
Netflix stock is near a buy zone after breaking out of a long consolidation pattern, according to MarketSmith analysis. The ideal buy point is 575.47.
Netflix stock was boosted by its latest earnings report, even though actual earnings per share fell short. Its relative strength line also spiked. This gauge's a stock's performance compared to the S&P 500.
Get all the information about the stock here: Zyne finance - Growth from Information.
Jack Corsellis
When markets correct/pullback that is the time to search for stocks displaying the strongest Relative Strength & building sound bases.
Why?
These are the likely candidates to lead the next leg up
$ARLO & $BWMX showing strength and bases tightening up.
PLS1nve5t
Taken a very small position in $FLIR it maybe a bit early, but the graph looks too good :-)
Tight price spread, falling volume, the 6% stop loss is below the recent uplift in prices, it's screaming accumulation to me.
Shall probably double up when it breaks $54.75, it looks like its peaked at that price four times recently.
Must say I've not done much research on this other than it's in one of ARK's funds, so DYOR !!
seismo101a
The jump and subsequent price action I expect is related to Teledyne purchasing FLIR. Therefore I don’t think it qualifies as tradeable chart pattern
