Some trade setups for your consideration this week. Unless otherwise noted they are good-looking setups on the daily chart for taking day trades,( i.e. ”Set up for home runs, but hit singles and doubles”) and then swing traded at your discretion.
Moving sideways after breaking a resistance level is good. $AIR may need a couple more days but has a well-defined risk/reward stop right below the breakout level.
Not quite there yet, but $CHK is tightening up its range in an ascending fashion. A little more basing below resistance and the 200ma could set up a nice run if it breaks.
I like this little rounded basing pattern below gap resistance on $CPE. The green hammer from Friday could be used as an aggressive risk/reward entry candle.
This basing area below a former support now resistance level is giving you a clearly defined risk/reward if $DECK breaks out.
Home builders are coming back to life and this base below a five-year high in $DHI almost looks like a reverse H&S.
Tight range in $LPX is giving you a great defined entry and stop point.
$LVS is forming the same type of flag as it did after it broke out of a channel at the beginning of the month. Friday’s green hammer is a good risk/reward candle.
$SCI runs funeral homes across the globe. The chart looks good as price is consolidating under multi-year highs.
Tight basing pattern after looking like it may have found a bottom is good. Entry and stop well-defined here in $TTWO.
Seeing a lot of charts like this…break a support low, recapture the level and short-term MA’s, and then form basing/consolidation patterns. Small wedge here on $VAR looks interesting.