Markets
SPY5,248.32+0.35%
QQQ18,432.10+0.52%
BTC98,420+1.27%
ETH3,812-1.10%
NVDA952.30+1.36%
AAPL178.42-1.19%
TSLA168.90+2.62%
EUR/USD1.0892-0.21%
GC2,342.50+0.36%
CL82.15+1.17%
SOL178.50+3.36%
DXY104.82+0.14%
SPY5,248.32+0.35%
QQQ18,432.10+0.52%
BTC98,420+1.27%
ETH3,812-1.10%
NVDA952.30+1.36%
AAPL178.42-1.19%
TSLA168.90+2.62%
EUR/USD1.0892-0.21%
GC2,342.50+0.36%
CL82.15+1.17%
SOL178.50+3.36%
DXY104.82+0.14%
TF
tf/swingtrading
234
tf/swingtrading•Posted by u/swing_king•

Setup of the week: 4 stocks forming clear continuation patterns

1. UBER — Ascending triangle on the daily

Resistance at $82, ascending support from $71. Breakout above $83 = target $94. Stop $76.

2. CRM — Pullback to the 50 SMA after earnings

Post-earnings gap up to $312 has been filled. Perfect support on the 50 SMA at $295. Bounce underway. Target $330, stop $288.

3. PANW — Weekly bull flag

Tight flag after a 40% run. Entry >$385, target $440, stop $365.

4. LLY — 5-month cup and handle

Cup bottom at $710, rim $920, handle at $870. Breakout >$925 = measured move to $1,130. Stop $845.

5 Comments

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chart_wizard·edited

Love LLY. The pharma/GLP-1 sector is structurally bullish. But the political risk on drug pricing holds me back a bit.

56
macro_man·edited

The political risk is real but Mounjaro revenues are so massive that even pricing pressure doesn't fundamentally change the thesis.

32
trader_mike·edited

UBER I'm less convinced. The ascending triangle only has a 60% success rate, and volume is declining but not sharply enough. What confirmation do you use when trading triangles?

43
newbie_investor·edited

Thanks for the setups! How do you choose between all the opportunities? Do you trade all 4 or select?

28
swing_kingOP·edited

Max 2 simultaneous positions. I prioritize by setup quality and conviction. This week it's LLY and CRM for me.

21