Trade Ideas Equities
GRMN(NYSE), ENVA(NYSE), ATMU(NYSE), AON(NYSE), DIXON(NSE), 2498(HKEX)
Garmin Ltd.-(GRMN/NYSE)-Long Idea
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide.
The above daily chart formed an approximately 5-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 243 levels acts as a resistance within this pattern.
A daily close above 250 levels would validate the breakout from the 5-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 348 levels.
GRMN, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.
Enova International, Inc.-(ENVA/NYSE)-Long Idea
Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, and internationally.
The above daily chart formed an approximately 5-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 119 levels acted as a resistance within this pattern.
A daily close above 122.5 levels validated the breakout from the 5-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 165 levels.
ENVA, classified under the "financial services" sector, falls under the “Mid Cap - Income” stock category.
Atmus Filtration Technologies Inc.-(ATMU/NYSE)-Long Idea
Atmus Filtration Technologies Inc. designs, manufactures, and sells filtration products under the Fleetguard brand in the United States and internationally.
The above daily chart formed an approximately 6-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 45.43 levels acts as a resistance within this pattern.
A daily close above 46.8 levels would validate the breakout from the 6-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 64 levels.
ATMU, classified under the "consumer cyclical" sector, falls under the “Mid Cap - Growth” stock category.
Aon plc-(AON/NYSE)-Long Idea
Aon plc, a professional services firm, provides a range of risk and human capital solutions 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 378.7 levels acts as a resistance within this pattern.
A daily close above 390 levels would validate the breakout from the 2-month-long ascending triangle chart pattern.
Based on this chart pattern, the potential price target is 415 levels.
AON, classified under the "financial services" sector, falls under the “Large Cap - Income” stock category.
Dixon Technologies (India) Limited-(DIXON/NSE)-Long Idea
Dixon Technologies (India) Limited, together with its subsidiaries, manufactures and sells electronic goods in India and internationally.
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 17069 levels acted as a resistance within this pattern.
A daily close above 17580 levels validated the breakout from the 3-month-long H&S continuation chart pattern.
Based on this chart pattern, the potential price target is 21800 levels.
DIXON, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.
Robosense Technology Co., Ltd-(2498/HKEX)-Long Idea
Robosense Technology Co., Ltd, an investment holding company, provides LiDAR and perception solutions in the People's Republic of China, the United States, and internationally.
The above daily chart formed an approximately 3-month-long ascending triangle chart pattern as a bullish reversal after a downtrend.
The horizontal boundary at 41.66 levels acts as a resistance within this pattern.
A daily close above 42.9 levels would validate the breakout from the 3-month-long ascending triangle chart pattern.
Based on this chart pattern, the potential price target is 65 levels.
2498, classified under the "technology" sector, falls under the “Mid Cap - Growth” stock category.