Hello everyone! Here is another edition of the rationale `TRADE ALERTS` report where you can find potential candidates from previous reports that are deemed 'ready to act. This will help you to design your focus lists and watchlists.
Before getting into that I would like to share an exciting news! The first video of the "Market Update" series, where I will be trying to deliver valuable insights into market conditions is available for viewing!
As I mentioned before, the `rationale` is a platform to provide solutions with a simple perspective of mainly technical analysis with a macro sauce by providing actionable trade ideas. Hope these weekly videos are beneficial on your trading journey.
Follow-ups
TICKERS: XOM(NYSE), UNH(NYSE), ETR(NYSE), LEA(NYSE), INSW(NYSE)
Exxon Mobil Corporation-(XOM/NYSE)-Long Idea
You can click the XOM ticker above to access the first report explaining the details and rationale behind the trade idea.
The energy sector performed strongly in March, with XOM swiftly moving from the lower boundary to the upper boundary of the rectangle chart pattern.
When engaging in range trading, I particularly appreciate observing shorter-than-usual bottom reversal formations, as demonstrated in this case. The price target of the head and shoulders bottom pattern within the range was achieved in just one month.
UnitedHealth Group Incorporated-(UNH/NYSE)-Long Idea
You can click the UNH ticker above to access the first report explaining the details and rationale behind the trade idea.
A breakdown below the support level might move toward the rectangle top reversal price target.
Entergy Corporation.-(ETR/NYSE)-Long Idea
You can click the ETR ticker above to access the first report explaining the details and rationale behind the trade idea.
Lear Corporation-(LEA/NYSE)-Long Idea
You can click the LEA ticker above to access the first report explaining the details and rationale behind the trade idea.
International Seaways, Inc.-(INSW/NYSE)-Long Idea
You can click the INSW ticker above to access the first report explaining the details and rationale behind the trade idea.