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Stocks4life

Breakout and Gap Stocks

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Z

 

Late Friday Z (Zillow Inc) decided to give us a confirmed breakout and upside gap entry.

 

BREAKOUT CONFIRMED breakout above 29.32, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 32.87, 11% Stop: 28.27, Loss: 4.5%, Profit/Loss ratio: 2.5 : 1 - Good

 

CURRENT PRICE 29.6, just above resistance, 28.54 ± 0.77, type single, strength 1

 

RESISTANCE ABOVE +12.3% at 33.23 ± 0.9, type double, strength 4

+22.5% at 36.25 ± 0.98, type double, strength 4

+32% at 39.08 ± 1.06, type triple+, strength 8

 

Z_1_6.png

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Z

 

Late Friday Z (Zillow Inc) decided to give us a confirmed breakout and upside gap entry.

 

BREAKOUT CONFIRMED breakout above 29.32, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 32.87, 11% Stop: 28.27, Loss: 4.5%, Profit/Loss ratio: 2.5 : 1 - Good

 

CURRENT PRICE 29.6, just above resistance, 28.54 ± 0.77, type single, strength 1

 

RESISTANCE ABOVE +12.3% at 33.23 ± 0.9, type double, strength 4

+22.5% at 36.25 ± 0.98, type double, strength 4

+32% at 39.08 ± 1.06, type triple+, strength 8

 

Z_1_6.png

 

Nice follow through today

 

Z_1_7.png

Z_1_7.png.82140c3c099cbb49c74a639c9f108042.png

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GRPN

 

3rd test of the large resistance gap, breakout watch and gap entry above 5.58

 

BREAKOUT WATCH for possible breakout above 5.58, no resistance in area just above.

Type: True breakout from double resistance.

Target: 7.36, 38.9% Stop: 4.83, Loss: 8.9%, Profit/Loss ratio: 4.4 : 1 - Excellent

 

CURRENT PRICE 5.3, at resistance, 5.21 ± 0.38, type double, strength 8

 

RESISTANCE ABOVE +42.5% at 7.55 ± 0.54, type double, strength 7

 

GRPN_1_8.png

GRPN_1_8.png.21ff00eaa683c5ec2256cf1e9d42c537.png

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LEN and RYL

 

both of these home builders moving higher

 

LEN

 

BREAKOUT CONFIRMED breakout above 41.58, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 44.39, 5.9% Stop: 40.8, Loss: 2.6%, Profit/Loss ratio: 2.3 : 1 - Good

 

LEN_1_9.png

 

RYL

 

BREAKOUT WATCH for possible breakout above 38.92, no resistance in area just above.

Type: True breakout from double resistance.

Target: 42.79, 10.1% Stop: 37.66, Loss: 3.1%, Profit/Loss ratio: 3.2 : 1 - Excellent

 

RYL_1_9.png

LEN_1_9.png.562669ed9887e0d439243ef9067a957e.png

RYL_1_9.png.8e9d3dea5c6b8462e77e25d843af10b1.png

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Wells Fargo (WFC) is a breakout stock with its 4Q12 earnings report to be released on Friday. I am pretty confident that these highly anticipated round of earnings reports releases will see the relevant stock soar as I much expected with Alcoa (AA).

Amazon (AMZN) has also had a good week, but what's not to love is the high P/E ratio of 3561.35. This makes me tilt to its competitor in e-commerce EBAY (EBA) which seems to have better fundamentals.

The interesting thing to note is that both these really large growth stocks are getting mighty close to their 52 week highs. :cool:

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AMZN is getting a little extended, I like EBAY with a bull flag breakout watch above 53.61, I'll try to post a chart tomorrow, it's getting late.

 

BREAKOUT WATCH for possible breakout above 53.61, no resistance in area just above.

Type: True breakout from double resistance.

Target: 56.76, 7.6% Stop: 51.94, Loss: 1.6%, Profit/Loss ratio: 4.7 : 1 - Excellent

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OCZ

 

OCZ getting close to breakout and potential gap fill,

 

BREAKOUT WATCH for possible breakout above 2.14, no resistance in area just above.

Type: True breakout from double resistance.

Target: 2.67, 30.2% Stop: 1.89, Loss: 7.8%, Profit/Loss ratio: 3.9 : 1 - Excellent

 

CURRENT PRICE 2.05, at resistance, 2.03 ± 0.11, type double, strength 7

 

RESISTANCE ABOVE +52.7% at 3.13 ± 0.17, type single, strength 2

+66.8% at 3.42 ± 0.19, type single, strength 5

+108% at 4.26 ± 0.23, type single, strength 3

+126% at 4.63 ± 0.25, type double, strength 6

 

OCZ_1_10.png

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BKD

 

BKD confirmed breakout of a 2 month top

 

BREAKOUT CONFIRMED breakout above 25.96, no resistance in area just above.

Type: True breakout from double resistance.

Target: 28.12, 7.9% Stop: 25.43, Loss: 2.5%, Profit/Loss ratio: 3.1 : 1 - Excellent

 

CURRENT PRICE 26.07, just above resistance, 25.52 ± 0.43, type double, strength 4

 

RESISTANCE ABOVE None.

 

SUPPORT BELOW -2.1% at 25.52 ± 0.43, type double, strength 4

-5.3% at 24.7 ± 0.42, type double, strength 10

-9.9% at 23.49 ± 0.4, type triple, strength 10

-13.9% at 22.44 ± 0.38, type double, strength 10

-17% at 21.63 ± 0.37, type double, strength 10

 

BKD_1_11.png

BKD_1_11.png.63e255ec03c2b08efdf0e585992a2e46.png

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MKTG

 

huge gap here to fill and some good volume

 

CURRENT PRICE 7.2, not at resistance or support

 

RESISTANCE ABOVE +24.9% at 8.99 ± 0.25, type single, strength 1

+32.8% at 9.56 ± 0.27, type triple, strength 10

+40.1% at 10.09 ± 0.28, type single, strength 5

+46.1% at 10.52 ± 0.29, type triple, strength 7

 

SUPPORT BELOW -6.7% at 6.72 ± 0.19, type triple, strength 10

-20.1% at 5.75 ± 0.16, type double, strength 8

 

MKTG_1_14.png

MKTG_1_14.png.1373d572a80d7e6beb1352f04702e66a.png

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ANF

 

ANF confirmed breakout from 1 month top area

 

BREAKOUT CONFIRMED breakout above 49.16, no resistance in area just above.

Type: True breakout from double resistance.

Target: 53.76, 8.5% Stop: 48.08, Loss: 2.9%, Profit/Loss ratio: 2.9 : 1 - Good

 

CURRENT PRICE 49.53, just above resistance, 48.21 ± 0.92, type double, strength 7

 

RESISTANCE ABOVE None.

 

SUPPORT BELOW -2.7% at 48.21 ± 0.92, type double, strength 7

-7.8% at 45.69 ± 0.87, type double, strength 4

-10.5% at 44.31 ± 0.84, type single, strength 5

-16.2% at 41.52 ± 0.79, type single, strength 8

 

ANF_1_15.png

ANF_1_15.png.d254107a6306a53f00624be9b115c8f4.png

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EXLA did up +85% on yesterday's close following a buzz about the merger news coming, I don't think we'll see any more selling going on here at least not before the merger hits which could come through any day now. Let's have a great day here today!

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HNT

 

Continuation breakout watch out of this 6 month 25 price range.

 

BREAKOUT WATCH for possible breakout above 27.28, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 30.03, 12.7% Stop: 25.67, Loss: 3.6%, Profit/Loss ratio: 3.5 : 1 - Excellent

 

CURRENT PRICE 26.64, at resistance, 26.66 ± 0.61, type single, strength 5

 

RESISTANCE ABOVE None.

 

SUPPORT BELOW -5.5% at 25.17 ± 0.58, type triple+, strength 10

-11.1% at 23.68 ± 0.54, type triple+, strength 10

-14.9% at 22.66 ± 0.52, type double, strength 6

 

HNT_1_15.png

HNT_1_15.png.741ebf986999fb45271d7c4830b28b47.png

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OMX

 

two month breakout above the 10 area

 

BREAKOUT CONFIRMED breakout above 10.34, no resistance in area just above.

Type: True breakout from triple resistance.

Target: 11.78, 11.2% Stop: 10.01, Loss: 5.5%, Profit/Loss ratio: 2 : 1 - Fair

 

CURRENT PRICE 10.59, just above resistance, 10.04 ± 0.3, type triple, strength 9

 

RESISTANCE ABOVE None.

 

SUPPORT BELOW -5.2% at 10.04 ± 0.3, type triple, strength 9

-11.9% at 9.33 ± 0.28, type single, strength 8

-22.8% at 8.18 ± 0.25, type double, strength 10

 

OMX_1_15.png

OMX_1_15.png.3b5f2caa77bb89a960e1d0a9d2451ed0.png

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AMD

 

AMD nearing an upside resistance gap (+19.5%) with some good volume coming in today.

 

 

CURRENT PRICE 2.72, at resistance, 2.77 ± 0.09, type double, strength 10

 

RESISTANCE ABOVE +19.5% at 3.25 ± 0.11, type single, strength 5

+30.9% at 3.56 ± 0.12, type double, strength 8

+40.8% at 3.83 ± 0.13, type double, strength 6

+49.6% at 4.07 ± 0.14, type double, strength 2

+61.8% at 4.4 ± 0.15, type single, strength 8

+79% at 4.87 ± 0.17, type single, strength 1

+100% at 5.45 ± 0.19, type single, strength 1

+115% at 5.85 ± 0.2, type double, strength 2

 

SUPPORT BELOW -6.6% at 2.54 ± 0.09, type double, strength 10

-13.6% at 2.35 ± 0.08, type single, strength 5

-23.9% at 2.07 ± 0.07, type double, strength 10

-30.9% at 1.88 ± 0.06, type single, strength 5

 

AMD_1_16.png

AMD_1_16.png.46d9456c1254b9a96734f954db17da92.png

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Z

 

Late Friday Z (Zillow Inc) decided to give us a confirmed breakout and upside gap entry.

 

BREAKOUT CONFIRMED breakout above 29.32, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 32.87, 11% Stop: 28.27, Loss: 4.5%, Profit/Loss ratio: 2.5 : 1 - Good

 

CURRENT PRICE 29.6, just above resistance, 28.54 ± 0.77, type single, strength 1

 

RESISTANCE ABOVE +12.3% at 33.23 ± 0.9, type double, strength 4

+22.5% at 36.25 ± 0.98, type double, strength 4

+32% at 39.08 ± 1.06, type triple+, strength 8

 

Z_1_6.png

 

Z had some good follow through filling the gap and is now at resistance

 

Z_1_17.png

Z_1_17.png.2dd9ac99dd1806b7239ae964b28912ce.png

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CAT

 

Bull flag under a breakout watch but could use more volume on any push higher, but worth a watch.

 

BREAKOUT WATCH for possible breakout above 96.63, no resistance in area just above.

Type: True breakout from double resistance.

Target: 102.8, 7.3% Stop: 94.02, Loss: 1.9%, Profit/Loss ratio: 3.8 : 1 - Excellent

 

CAT_1_17.png

CAT_1_17.png.611dbb6d511734f50500bb8a7e16fd6e.png

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CAT

 

Bull flag under a breakout watch but could use more volume on any push higher, but worth a watch.

 

BREAKOUT WATCH for possible breakout above 96.63, no resistance in area just above.

Type: True breakout from double resistance.

Target: 102.8, 7.3% Stop: 94.02, Loss: 1.9%, Profit/Loss ratio: 3.8 : 1 - Excellent

 

CAT_1_17.png

 

source:Consultant - CAT Stock Charts, Analysis, Caterpillar Inc

 

CAT nice follow through today

 

CAT_1_18.png

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ZUMZ

 

Watching for a breakout gap fill of this 2 1/2 month bottom area.

 

BREAKOUT WATCH for possible breakout above 21.68, no resistance in area just above.

Type: True breakout from double resistance.

Target: 24.04, 13.5% Stop: 20.21, Loss: 4.6%, Profit/Loss ratio: 2.9 : 1 - Good

 

CURRENT PRICE 21.18, at resistance, 21.17 ± 0.51, type double, strength 2

 

RESISTANCE ABOVE +20.3% at 25.47 ± 0.61, type single, strength 1

+24.2% at 26.31 ± 0.63, type single, strength 3

+31.2% at 27.79 ± 0.67, type single, strength 5

 

ZUMZ_1_20.png

ZUMZ_1_20.png.45e3bf98222a7210a6bbbb4ab56c6928.png

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HD

 

nearing a breakout with volume increasing

 

BREAKOUT WATCH for possible breakout above 65.48, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 68.67, 4.9% Stop: 64.27, Loss: 1.8%, Profit/Loss ratio: 2.7 : 1 - Good

 

CURRENT PRICE 65.47, at resistance, 64.76 ± 0.71, type single, strength 3

 

RESISTANCE ABOVE None.

 

SUPPORT BELOW -2.9% at 63.56 ± 0.7, type triple, strength 7

-5.3% at 62.01 ± 0.68, type triple+, strength 10

-9.2% at 59.43 ± 0.65, type double, strength 8

-13.6% at 56.55 ± 0.62, type double, strength 5

 

HD_1_21.png

 

source: Consultant - HD Stock Charts, Analysis, Home Depot Inc

HD_1_21.png.72d207a84926a052cc76723a60147bfd.png

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URS

 

nice flat bull flag confirmed breakout

 

BREAKOUT CONFIRMED breakout above 41.01, no resistance in area just above.

Type: True breakout from double resistance.

Target: 43.48, 5.4% Stop: 40.48, Loss: 1.9%, Profit/Loss ratio: 2.8 : 1 - Good

 

CURRENT PRICE 41.25, just above resistance, 40.51 ± 0.49, type double, strength 9

 

RESISTANCE ABOVE None.

 

URS_1_22.png

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LNG

 

Clean confirmed breakout above 20.89

 

BREAKOUT CONFIRMED breakout above 20.89, no resistance in area just above.

Type: Continuation breakout from single resistance.

Target: 23.3, 10.8% Stop: 20.19, Loss: 4%, Profit/Loss ratio: 2.7 : 1 - Good

 

CURRENT PRICE 21.03, just above resistance, 20.35 ± 0.53, type single, strength 1

 

RESISTANCE ABOVE None.

 

LNG_1_22.png

 

source: Consultant - LNG Stock Charts, Analysis, Cheniere Energy Inc

LNG_1_22.png.136a53c8a62c083a8de33d9901237654.png

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  • Topics

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    • I traded alot today. 9 trades, 8 losers and BEs, 1 runner that paid for them all. Gotta keep swinging! totaled 240 bps before commission. The first winner on W, I did not count - it was a mistake that led to profit. I felt like a machine, kept pulling the trigger, watch the 1min chart, see it doesn't go anywhere, take my small loss... over and over... then one takes off... Let it run... the whole time I was thinking I hope that the one winner will pay for all the losers. I was tempted to close out the winner early. I had no idea that the payoff distribution for this strategy would be so extreme - 8 tiny losses before hitting a big win. Pays to keep the losses tiny and keep swinging. 
    • Date : 22nd February 2019.

      MACRO EVENTS & NEWS OF 22nd February 2019.



      FX News Today Both Topix and Nikkei, declined during the Asian session, with -0.25% and -0.18% respectively. Overall, stock markets in Asia struggled through most of the session as subdued inflation data rekindled concerns about a lack of demand and flagging growth and after Wall Street closed in the red. News that US President Trump will meet with China’s top trade negotiator today in Washington seems to have helped Chinese markets to stage a late rally and CSI 300 and Shanghai Comp are up 1.76% and 1.51% respectively and the Hang Seng also managed to claw back losses and is up 0.11%. US stock futures are posting marginal gains and the April WTI future is trading at just over USD 57 per barrel. USDCAD rallied over 1.32 to 1.3225, as Oil inventories rose, with the US at record production levels. Oil price is now back around the $57 mark. Japanese CPI data same as forecasts, pushing the Yen higher. Charts of the Day


      Main Macro Events Today EU CPI Inflation – Core inflation is expected to be confirmed at 1.1% y/y while the overall inflation rate is expected to have stood at 1.4% in January. Canadian Retail Sales – Retail Sales are expected to have declined by 0.3% m/m in December, an improvement from the 0.6% declined observed in November. Mario Draghi Speech – The ECB President is due to speak to the University of Bologna where he will accept an honourary degree. Support and Resistance
       
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      Please note that times displayed based on local time zone and are from time of writing this report.

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      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Actions for the 21st. 
    • Today had 3 trades, + 73 bps. The 2nd red dot on ALB was an error, somehow 1 share got executed at the lower price. I started new batch of trades today. The tweak was the exit is now based on trailing exit instead of manually calling it. I found it to be extremely uncomfortable as I sat through each retracement on DPZ. To see profit retrace back to zero or negative is associated with much pain. It feels as if it's a permanent loss. My goal is to execute my trading plan and not trade based on my emotions. I am very proud of the 2nd exit on DPZ for 170bps. I will do my best to continue this work. I do notice I may be giving back a bit too much on my losers, I will not change anything until the next batch of trades.   
    • I forgot to post yesterday. I was down 72 bps.  
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