Nice bear flag in this high flyer. No catalyst to speak of but if IWM continues weakness this one is likely to take a big hit.
AXON has been a long time RS Leading stock. Nice tight range here with a narrow range setting up long.
Reversal Range Trade idea for $NGMS. Looking for a break back into the longer term range after the failed breakdown. Looking for a move upward to ward at least the mid point of the longer range.
$MRC setting up again. Looking for a sideways action around here, an inside day or two would be ideal to setup a pivot long.
$IAA This felt like a good example of VCP in a base. Ideally you want to see this sort of action in a stage 2 continuation for it to be most meaningful. Earnings February 10th will likely be the catalyst on any directional move. Posting mainly as a good example of price tightening. Volume profile not ideal.
Decent short idea. Nice Bearish Earnings Gap down and now really wants to break lower. Knocking on the basement door more and more. Also it's an expenses app!
Nice on the weekly and the daily timeframes. 4 tight weeks and now a nice tight range on the daily coming into next week. $PSN
Massive Volume from the Earnings Gap. 90 Million +. Setting up really well now, right below pivot and knocking on the door. In a boring Insurance industry group.
$PI is my favourite setup right now. Holding a really nice earnings gap on positive earnings. Nice base forming and knocking on the breakout pivot. I don't think we'll be so lucky to get a perfect entry here but certainly one to watch closely.
$TRQ acting well here. Holding a tight range and clear pivot area for potential breakout.
$AZPN is showing great strength and is a rare leader in Tech. A breakout above $194 Pivot looks positive. Nice Consolidation and strong action in the name. Ideally I would like consolidation right below the Pivot before entry.
Biotech/Healthcare are certainly seeing inflows of money from institutions. The RS on this name along with the clear volume accumulation is really nice. Potential consolidation into ATH Breakout.
50 Day MA Test. Tightening up now after solid reaction. Trend somewhat long in the tooth but nice setup for All Time Highs.
$SGML Breakout Idea. Triangle VCP Style contraction. All Time High Potential in a strong sector. Measured risk.