New setups
W.W. Grainger , Inc-(GWW/NYSE)-Long Idea
Grainger is a well-known American industrial supply company that provides a wide range of products used by businesses and institutions for maintenance, repair, and operations (MRO). The company operates primarily in the distribution of industrial and commercial products.
The above daily chart formed an approximately 3.5-month-long Cup & Handle chart pattern as a bullish continuation after an uptrend.
Within this pattern, the horizontal boundary at 812 levels acts as a resistance.
A daily close above 836.36 levels would validate the breakout from the 3.5-month-long Cup & Handle chart pattern.
Based on this chart pattern, the potential price target is 968.49 levels.
GWW, classified under the "industrials" sector, falls under the “Large Cap - Value” stock category.
Q2 Holdings, Inc-(QTWO/NYSE)-Long Idea
Q2 Holdings, Inc. is a financial technology company that provides cloud-based digital banking solutions. They offer a range of services to financial institutions, including online banking, mobile banking, digital lending, and other financial technology solutions.
The above daily chart formed an approximately 9-month-long rectangle chart pattern as a bullish reversal after a downtrend.
Within this pattern, the horizontal boundary at 36 levels acted as a resistance.
A daily close above 37.08 levels validated the breakout from the 9-month-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 63 levels.
QTWO, classified under the "technology" sector, falls under the “Mid Cap - Growth” stock category.
General Dynamics Corporation-(GD/NYSE)-Long Idea
General Dynamics Corporation is an American aerospace and defense company that operates in various segments of the defense industry. As of my last knowledge update in January 2022, here are some key aspects of Genera
The above weekly chart formed an approximately 22-month-long rectangle chart pattern as a bullish continuation after an uptrend.
Within this pattern, the horizontal boundary at 255 levels acts as a resistance.
A daily close above 262.65 levels would validate the breakout from the 22-month-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 313 levels.
GD, classified under the "industrials" sector, falls under the “Large Cap - Value” stock category.
Disc Medicine, Inc-(IRON/NASDAQ)-Long Idea
Disc Medicine, Inc., together with its subsidiaries, operates as a clinical-stage biopharmaceutical company. It engages in the discovery, development, and commercialization of novel treatments for patients suffering from serious hematologic diseases.
The above daily chart formed an approximately 4-month-long rectangle chart pattern as a bullish continuation after an uptrend.
Within this pattern, the horizontal boundary at 56.92 levels acted as a resistance.
A daily close above 58.62 levels validated the breakout from the 4-month-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 77 levels.
IRON, classified under the "healthcare" sector, falls under the “Small Cap - Value” stock category.
Ardmore Shipping Corporation-(ASC/NYSE)-Long Idea
Ardmore Shipping Corporation is a shipping company that specializes in the ownership and operation of a fleet of oil and chemical tankers. The company is involved in the transportation of petroleum products and chemicals worldwide.
The above daily chart formed an approximately 4-month-long rectangle chart pattern as a bullish reversal after a downtrend.
Within this pattern, the horizontal boundary at 14.38 levels acts as a resistance.
A daily close above 14.81 levels would validate the breakout from the 4-month-long ascending rectangle chart pattern.
Based on this chart pattern, the potential price target is 17.84 levels.
ASC, classified under the "industrials" sector, falls under the “Small Cap - Value” stock category.
Cimpress PLC-(CMPR/NASDAQ)-Long Idea
Cimpress plc is a company that operates in the printing and personalized products industry. Cimpress is known for its mass customization business model, which involves producing customized and personalized products for individuals and businesses on a large scale.
The above daily chart formed an approximately 3-month-long rectangle chart pattern as a bullish continuation after an uptrend.
Within this pattern, the horizontal boundary at 73 levels acted as a resistance.
A daily close above 75.19 levels validated the breakout from the 3-month-long rectangle chart pattern. The price pulled back to the horizontal boundary and found support.
Based on this chart pattern, the potential price target is 88.12 levels.
CMPR, classified under the "communications" sector, falls under the “Small Cap - Growth” stock category.
Follow-ups
Innoviva Inc-(INVA/NASDAQ)-Long Idea
You can click the INVA ticker above to access the first report explaining the RATIONALE behind the trade idea.
T-Mobile US, Inc-(TMUS/NASDAQ)-Long Idea
You can click the TMUS ticker above to access the first report explaining the RATIONALE behind the trade idea.
ServiceNow Inc-(NOW/NYSE)-Long Idea
You can click the NOW ticker above to access the first report explaining the RATIONALE behind the trade idea.
The rectangle chart pattern price target is reached.