TRADE IDEAS EQUITIES

Jun 22, 2024

New setups

TICKERS: NU(NYSE), MEDP(NASDAQ), PANW(NASDAQ), CRWD(NASDAQ), IR(NYSE), DKS(NYSE), NWS(NASDAQ)

Nu Holdings Ltd. operates a digital banking platform across Brazil, Mexico, Colombia, the Cayman Islands, Germany, Argentina, the United States, and Uruguay.
The above daily chart formed an approximately 2-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 12.3 levels acts as a resistance within this pattern.
A daily close above 12.67 levels would validate the breakout from the 2-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 14.5 levels.
NU, classified under the "financial services" sector, falls under the “Income Cap - Large” stock category.

Medpace Holdings, Inc. offers clinical research-based services for drug and medical device development across North America, Europe, and Asia.
The above daily chart formed an approximately 3-month-long H&S continuation chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 415 levels acts as a resistance within this pattern.
A daily close above 427.45 levels would validate the breakout from the 3-month-long H&S continuation chart pattern.
Based on this chart pattern, the potential price target is 482 levels.
MEDP, classified under the "healthcare" sector, falls under the “Mid Cap - Value” stock category.

Palo Alto Networks, Inc. delivers cybersecurity solutions globally. The company provides firewall appliances and software, along with Panorama, a security management solution that offers worldwide control of network security platforms, available as either a virtual or physical appliance.
The above daily chart formed an approximately 3-month-long rectangle chart pattern as a bullish reversal after a downtrend.
The horizontal boundary at 324.5 levels acts as a resistance within this pattern.
A daily close above 334.23 levels would validate the breakout from the 3-month-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 398 levels.
PANW, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.

CrowdStrike Holdings, Inc. delivers cybersecurity solutions both in the United States and internationally. Its unified platform provides cloud-delivered protection for endpoints, cloud workloads, identity, and data.
The above daily chart formed an approximately 2-month-long ascending triangle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 360.6 levels acted as a resistance within this pattern.
A daily close above 371.41 levels validated the breakout from the 2-month-long ascending triangle chart pattern and pulled back to the 370 levels.
Based on this chart pattern, the potential price target is 464.7 levels.
CRWD, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.

Ingersoll Rand Inc. offers a range of mission-critical technologies and solutions for air, gas, liquid, and solid flow creation worldwide.
The above daily chart formed an approximately 2-month-long ascending triangle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 96.3 levels acts as a resistance within this pattern.
A daily close above 99.19 levels would validate the breakout from the 2-month-long ascending triangle chart pattern.
Based on this chart pattern, the potential price target is 108 levels.
IR, classified under the "industrials" sector, falls under the “Large Cap - Value” stock category.

DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States.
The above daily chart formed an approximately 2-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 229.36 levels acts as a resistance within this pattern.
A daily close above 236.25 levels would validate the breakdown from the 2-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 286.85 levels.
DKS, classified under the "consumer cyclical" sector, falls under the “Large Cap - Income” stock category.

News Corporation, a media and information services company, produces and distributes authoritative and engaging content, along with other products and services, for consumers and businesses globally.
The above daily chart formed an approximately 3-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 28.5 levels acts as a resistance within this pattern.
A daily close above 29.35 levels would validate the breakdown from the 3-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 33.25 levels.
NWS, classified under the "communication services" sector, falls under the “Large Cap - Growth” stock category.