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+--- Thread: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts (/Thread-US-Stocks-Breakouts-Breakdowns-SP500-NYSE-Nasdaq-Stock-Charts)
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US Stocks Watchlist - 28 October 2021 - isatrader - 2021-10-28
➜ For the watchlist from Thursdays scans:
ACLS, ALB, ALGM, BEEM, BLDP, DADA, DXCM, ENPH, EVGO, FCEL, GOOGL, IIVI, IMMR, IRNT, LCID, MAXN, MDB, ONDS, PLTK, PLUG, PTRA, QS, ROKU, SEDG, SHOP, SPOT, SSYS, TDOC, UCTT, WOLF
For the individual daily charts go to the private twitter channel at: https://twitter.com/Stage_Analysis/status/1453845199030034440
Of note in todays list is that there are 7 stocks from the Renewable Energy group, as we are beginning to see Stage 2 breakouts in the group in multiple stocks, and the group continues to climb up the RS rankings from the bottom of the table to 3rd overall now! So huge RS change.
This is a fundamental part of the Stage Analysis method called the "Forest to the Trees" approach. Which is the top down process of looking at the Weight of Evidence via the Market Breadth charts & Indexes, then finding Group strength & then the leading stocks in those groups.
US Stocks Watchlist - 28 October 2021 - isatrader - 2021-10-29
There were 30 stocks for the US stocks watchlist today. Here's a small sample from the list:
TDOC, PLUG, SPOT, MDB + 26 more...
To view the sample daily charts go to the blog at: https://www.stageanalysis.net/blog/70469/us-stocks-watchlist-28-october-2021
➜ Members: can view todays full watchlist and charts on the private twitter feed
And to get the Stage Analysis Newsletter directly to your email inbox. Sign up for free at https://www.getrevue.co/profile/stageanalysis
#breakouts #trading #stocks #StockMarket #money #nasdaq #nyse
RE: US Stocks Watchlist - isatrader - 2021-10-29
$QS has come out strong today, with a touch of the +2x ATR level in the early trading
$MTTR from the watchlist around the Stage 2 secondary entry zone, attempting to breakout of the backup range.
$GOOGL from the watchlist with a potential fishhook type move following the significant bar on Wednesday
$AAPL finding a bid at the 50 day MA today following earnings
$UDMY Udemy where I have my Stage Analysis Video Course had it's IPO earlier today and opened at $27. So be interested to see if it can develop an IPO base in the next few weeks
$BKKT attempting to close out the week in the upper range of the weekly candle. Still up over +249% on last week currently.
$DXCM from the watchlist following through to new highs from a mini cup with handle after earnings yesterday
$MDB from the watchlist with an inverse head and shoulders pattern with light volume in the right shoulder. Watching for a breakout attempt in the next week
I've sold half of my position in $BKKT in my pension account for a solid +160.81% gain, which would lock in a min +81% gain if the other half drops all the way back to breakeven at $13.61. But hopefully will continue on. But secures a minimum +10.78% account gain for the pension.
LCID - Stage 2 Breakout on Strong Relative Volume - isatrader - 2021-10-30
LCID has been developing a Stage 1 base for the last six months and this week broke out into early Stage 2, which is known as Stage 2A, on strong relative volume of more than 4.8x the weekly average, with relative strength versus the S&P 500 also breaking out and above a rising zero line (52 week RS MA)
The breakout also changed LCIDs Stage Analysis Technical Attributes (SATA) rating to a max of 5 out of 5, up from a score of 3 last week, as it gained a point for moving into Stage 2 and a point for the Peer Group moving above the zero line versus the S&P 500. So LCID is outperforming the market, the peer group, and its peer group and sector are both also outperforming the market.
LCID has been highlighted numerous times in the last few months in the members area, and over 10 times in the US Stocks Watchlist since the Spring and Test in September, which I identified as a potential Phase C and then a developing Phase D of the Stage 1 base structure, which are early entry zones in the Wyckoff method, and so members have had a few months to consider trading LCID before the breakout happened this week.
The peer group (Automobiles $DJUSAU) has also been rising strongly through the RS tables over the last few months, and moved to 1st place this week with strong moves in multiple Automobiles stocks led by TSLA's strength, which give added weight to the Stage 2A breakout, as group strength is a key component of the Stage Analysis and Wyckoff methods.
With the Stage 2A breakout it is now in the Sign of Strength (SOS) rally part of Phase D of the base structure, and so once the momentum from the initial rally fades, and it starts to consolidate or pullback, I'll be looking for it to hold above the Stage 1 base in what is known as the Backup (BU), which ideally shouldn't fall back below the heavy volume Significant Bar, and with such heavy volume on the breakout bar, you also ideally want to see it hold above the lower half of the body of that bar (i.e. not drop below 32 ish).
You don't always get a backup though, as if the Stage 2 breakout is very strong it may continue to grind higher in a lockout rally. But if that is the case then I'd be watching for the next constructive consolidation to form.
If the backup base does begin to form and is constructive with re-accumulation characteristics then it can present an opportunity for the Stage Analysis Investor method secondary entry point, which is lower risk than the breakout as you can judge the quality of the Stage 2A breakout and subsequent pullback and base structure to attempt to get in around an area of support or on a subsequent continuation breakout.
See below for a potential targets using the Wyckoff P&F horizontal count method.
LCID Stock Point & Figure Horizontal Price Target (Wyckoff method)
The Wyckoff method P&F horizontal count line is 17 columns with a 1 box size by 3 reversal chart. Which added onto the Base Low at 17 and the Last Point of Support (LPS) at 23, gives a target range of 68 to 74
Hence the potential Cause from the Stage 1 base is around 83%+ from the current price level.
Count Line: 17
Box Size: 1
Reversal: 3
LPS: 23
Spring Low: 17
Projection: 17 x 1 x 3 = 51
Target A: 17 + 51 = 68
Target B: 23 + 51 = 74
$LCID - Stage 2 Breakout on Strong Relative Volume - isatrader - 2021-10-30
➜ Blog Post: $LCID - Stage 2 Breakout on Strong Relative Volume
https://www.stageanalysis.net/blog/70485/lcid-stage-2-breakout-on-strong-relative-volume
US Stocks Watchlist - 31 October 2021 - isatrader - 2021-10-31
➜ For the watchlist from the weekend scans:
ABNB, ACI, ADBE, AMZN, APPS, ARRY, ASPN, ASYS, ATEN, BLDP, BTBT, DCRC, DXLG, EQOS, GDRX, MDB, NCNO, OLN, OPEN, PERI, PI, PLAN, S, SI, SKIN, SOFI
For the individual daily charts go to the private twitter channel at: https://twitter.com/Stage_Analysis/status/1454761103133716483
Renewable Energy Group $DWCREE - Stage 2A - isatrader - 2021-10-31
The Renewable Energy Group $DWCREE made a Stage 2A breakout. So here's a few stocks in Stages 1 & 2 for example. But recommend doing a deeper dive of the group.
ENPH, FSLR, NOVA, MAXN, SHLS, ARRY, RUN, CSIQ
PLUG, BLDP, FCEL
Stage 2 breakouts - isatrader - 2021-10-31
$LCID Stage 2A breakout on more than 4x average weekly volume with RS versus the S&P 500 above the rising zero line (52 week RS MA)
$BE Stage 2A breakout on 4.4x average weekly volume with RS versus the S&P 500 reversing through the zero line (52 week RS MA)
$ENPH Stage 2 breakout on 3.3x average weekly volume and RS versus the S&P 500 making new near term highs above a rising zero line (52 week RS MA)
Group theme emerging in as the Renewable Energy Group $DWCREE broke out in to Stage 2A this week. So deep dive recommended.
$PLUG Stage 2A breakout. Volume only at 1.51x the average weekly volume, but had a significant bar on the 13th October which it's held above since.
RS versus the S&P 500 approaching the zero line. So technical attributes could improve to postive status on any further advance.
$PERI Stage 2 breakout on 6x the average weekly volume and RS versus the S&P 500 at new highs.
Closed at resistance from the Feb high, so expectation would be for consolidation or backing up action.
$SPOT early Stage 2 breakout on 2.13x average weekly volume and with RS versus the S&P 500 still underperforming below the still declining zero line. So may need to form a higher base or backup as is an early breakout attempt.
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All of these stocks have appeared in the Stage Analysis Members Watchlist multiple times over the last few months.
So if you want to find these kind of stocks before they breakout into Stage 2, then become a Stage Analysis member today.
➜ Membership - use the Stage Analysis Members link on the front page: https://www.stageanalysis.net/