New setups
Church & Dwight Company, Inc.-(CHD/NYSE) - Long Idea
Church & Dwight Co., Inc. develops, produces, and promotes household, personal care, and specialty items. The company is divided into three segments: Consumer Domestic, Consumer International, and Specialty Products Division.
The above daily chart formed an approximately 4-month-long H&S bottom chart pattern.
Within this pattern, the horizontal boundary at 96.85 levels acts as a resistance.
A daily close above 99.75 levels would validate the breakout from the 4-month-long H&S bottom chart pattern.
Based on this chart pattern, the potential price target is 109 levels.
CHD, classified under the "consumer defensive" sector, falls under the “Large Cap - Value” stock category.
Snowflake Inc.-(SNOW/NASDAQ) - Long Idea
Snowflake Inc. delivers a cloud-based data platform to organizations globally, serving both domestic and international markets. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products.
The above daily chart formed an approximately 1-year-long symmetrical triangle chart pattern as a bullish reversal after a downtrend.
The boundary at 188 levels acted as a resistance within this pattern.
A daily close above 193.64 levels validated the breakout from the 1-year-long symmetrical triangle chart pattern. The price re-tested the boundary of the symmetrical triangle chart pattern after the breakout and resumed its trend.
Based on this chart pattern, the potential price target is 381 levels.
SNOW, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.
Dynatrace, Inc.-(DT/NYSE)-Long Idea
Dynatrace, Inc. offers a security platform designed for multi-cloud environments. The platform, named Dynatrace, encompasses various features such as application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.
The above daily chart formed an approximately 4-month-long Cup & Handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 55.8 levels acted as a resistance within this pattern.
A daily close above 57.47 levels validated the breakout from the 3-month-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 72 levels.
DT, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.
Entegris, Inc.-(ENTG/NASDAQ)-Long Idea
Entegris, Inc. develops, manufactures, and supplies micro-contamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia.
The above weekly chart formed an approximately 20-month-long H&S chart pattern as a bullish reversal after a downtrend.
The horizontal boundary at 111 levels acted as a resistance within this pattern.
A daily close above 114.3 levels validated the breakout from the 3-month-long rectangle chart pattern. The price re-tested the boundary of the H&S bottom chart pattern after the breakout and resumed its trend.
Based on this chart pattern, the potential price target is 198 levels.
DT, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.
Follow-ups
Eli Lilly and Company-(LLY/NYSE) - Long Idea
You can click the LLY ticker above to access the first report explaining the RATIONALE behind the trade idea.
Datadog, Inc-(DDOG/NASDAQ)-Long Idea
You can click the DDOG ticker above to access the first report explaining the RATIONALE behind the trade idea.
American International Group, Inc-(AIG/NYSE)-Long Idea
You can click the AIG ticker above to access the first report explaining the RATIONALE behind the trade idea.
Laboratory Corporation of America Holdings-(LH/NYSE)-Long Idea
You can click the LH ticker above to access the first report explaining the RATIONALE behind the trade idea.
Axos Financial, Inc.-(AX/NYSE)-Long Idea
You can click the AX ticker above to access the first report explaining the RATIONALE behind the trade idea.