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Swing Trade Setups: Promising Patterns Unfold

 
  • user  TechChartMaster
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    TechChartMaster specializing in key technical indicators, chart patterns, and trend analysis. With a focus on decoding market signals and providing actionable insights, TechChartMaster delivers comprehensive updates to help investors navigate the complexities of technical analysis effectively.

     
 
 
 

We're spotting several stocks with technical setups ideal for swing trades. Whether you're eyeing a cup-and-handle, double bottom, or head-and-shoulders pattern, these stocks are showing promise. Let's dive into the charts, identify key levels, and establish risk management strategies to help you capitalize on these moves.

 
 

$ABEV - Golden Cross Brewing for Ambev?

 

Ambev is inching closer to a Golden Cross setup. This occurs when the 50-day moving average crosses above the 200-day, signaling potential upward momentum. The resistance at $2.36 is the next challenge. Once it breaks, we could see a strong push higher.

 
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Entry: Wait for a breakout above $2.36 on strong volume.
 
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Exit: Consider taking profit around $2.50.
 
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Stop-loss: Below $2.20 to manage downside risk.
 

$COIN - Coinbase Eyeing Key Price Levels

 

Coinbase is approaching its resistance at $213.59, presenting an opportunity for a potential breakout. With crypto market sentiment remaining strong, this stock could surge if it clears resistance.

 
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Entry: Buy above $213.59, with confirmation from increased volume.
 
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Exit: Target $225 for profit.
 
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Stop-loss: Place a stop just below $200 to manage risk.
 

$FCN - FTI Consulting Dips Below 200 DMA

 

FTI Consulting has dropped below its 200-day moving average, which could indicate further downside in the short term. However, swing traders might look for a reversal play if support holds at $200.

 
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Entry: Consider buying if the price stabilizes above $200 with a bullish reversal pattern.
 
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Exit: First target at $210, with further potential if it reclaims the 200 DMA.
 
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Stop-loss: Below $195 to minimize risk.
 

$T - AT&T Options Activity Signals a Shift

 

With big money flowing into options for AT&T, it’s crucial to watch how the stock reacts around these support and resistance levels. A break above $22.49 could spark a new bullish run.

 
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Entry: Buy above $22.49 if it breaks on volume.
 
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Exit: Look to take profits at $23.25.
 
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Stop-loss: Set a tight stop at $21.75 to avoid downside risk.
 

$TSLA - Tesla’s Earnings Sentiment Drives Play

 

Tesla is in a consolidation phase between $218.75 and $261.63. With earnings sentiment driving interest, a breakout above $261.63 could set up a strong move higher, potentially into new highs.

 
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Entry: Buy on a break above $261.63.
 
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Exit: Target $275 for profit-taking.
 
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Stop-loss: Place a stop just below $255 to manage risk in case of a pullback.
 

$UBER - Uber’s Bullish Options Activity

 

Uber has seen bullish options activity, indicating a possible surge ahead. With a solid support level at $73.22, traders should watch for a move toward resistance at $86.34.

 
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Entry: Buy above $80 if momentum builds.
 
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Exit: Look to exit around $85.50 to $86.34.
 
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Stop-loss: Keep a stop just below $75.
 

$WMT - Walmart’s Bearish Whales

 

Whales are showing a bearish stance on Walmart, but traders can find opportunity in volatility. Watch for reactions at support and resistance.

 
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Entry: Buy near $79 if support holds, with a bounce off this level.
 
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Exit: Target $85.50 on a bounce.
 
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Stop-loss: Below $78.
 

Conclusion

 

hese technical setups offer exciting opportunities for swing traders. Whether you're betting on a breakout or a reversal, always adhere to your risk management strategy, and don't be afraid to lock in profits as the market moves. Keep your eyes peeled, as Thursday could deliver some promising trades!

 
 
 

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Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.

 
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Disclaimer: The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.

Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").

This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

 
 
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