TRADE IDEAS EQUITIES

Mar 30, 2024

New setups

TICKERS: DUOL(NASDAQ), ETR(NYSE), TEX(NYSE), INSW(NYSE), 8016(TSE), IWG(LSE), MRFG3(BOVESPA)

Duolingo, Inc. operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app.
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 245.6 levels acts as a resistance within this pattern.
A daily close above 252.96 levels would validate the breakout from the 2-month-long Cup & Handle chart pattern.
Based on this chart pattern, the potential price target is 337 levels.
DUOL, classified under the "technology" sector, falls under the “Mid Cap - Growth” stock category.

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States.
The above daily chart formed an approximately 7-months-long H&S bottom chart pattern as a bullish reversal after a downtrend.
The horizontal boundary at 105.92 levels acts as a resistance within this pattern.
A daily close above 109.09 levels would validate the breakout from the 7-months-long H&S bottom chart pattern.
Based on this chart pattern, the potential price target is 128 levels.
ETR, classified under the "utilities" sector, falls under the “Large Cap - Income” stock category.

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP).
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 65 levels acts as a resistance within this pattern.
A daily close above 66.95 levels would validate the breakout from the 6-month-long Cup & Handle chart pattern.
Based on this chart pattern, the potential price target is 95 levels.
TEX, classified under the "industrials" sector, falls under the “Mid Cap - Value” stock category.

International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.
The above daily chart formed an approximately 9-month-long Cup & Handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 53.25 levels acts as a resistance within this pattern.
A daily close above 54.85 levels would validate the breakout from the 9-month-long Cup & Handle chart pattern.
Based on this chart pattern, the potential price target is 81 levels.
INSW, classified under the "energy" sector, falls under the “Mid Cap - Income” stock category.

Onward Holdings Co., Ltd., along with its subsidiary companies, is involved in the creation, production, and distribution of clothing for men, women, and children across Japan, China, the United Kingdom, and the United States.
The above daily chart formed an approximately 6-month-long symmetrıcal trıangle chart pattern as a bullish continuation after an uptrend.
A daily close above 570 levels validated the breakout from the 6-month-long symmetrıcal trıangle chart pattern.
Based on this chart pattern, the potential price target is 760 levels.
8016, classified under the "consumer cyclical" sector, falls under the “Small Cap - Growth” stock category.

IWG plc, along with its subsidiary entities, delivers workspace solutions across the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company provides various types of workspaces, including offices, coworking and collaboration spaces, flexible and scalable options, meeting facilities, and lounges.
The above daily chart formed an approximately 1-year-long rectangle chart pattern as a bullish reversal after a downtrend.
The boundary at 199.3 levels acts as a resistance within this pattern.
A daily close above 205.27 levels would validate the breakout from the 1-year-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 325 levels.
IWG, classified under the "real estate" sector, falls under the “Mid Cap - Income” stock category.

Marfrig Global Foods S.A., along with its subsidiary companies, operates within the food industry in Brazil and globally. The company is involved in the production, processing, distribution, and sale of animal-based proteins, including beef, lamb, and fish, as well as plant-based proteins. Additionally, it offers a range of ready-to-eat products such as frozen vegetables, fish, lamb, and sauces.
The above daily chart formed an approximately 3-month-long Cup & Handle chart pattern as a bullish continuation after an uptrend.
The boundary at 10.4 levels acts as a resistance within this pattern.
A daily close above 10.71 levels would validate the breakout from the 3-month-long Cup & Handle chart pattern.
Based on this chart pattern, the potential price target is 12.9 levels.
MRFG3, classified under the "consumer defensive" sector, falls under the “Small Cap - Value” stock category.