Free Watch List for Nov 1st 2024 - Winning Trade Ideas

SBUX is testing a significant resistance level, as illustrated by the horizontal consolidation pattern in the chart. A breakout above this level could suggest the start of an upward trend, especially if volume picks up. Watching the stock’s interaction with the moving averages and Bollinger Bands will be crucial in assessing the strength and sustainability of any potential breakout.

NFLX is nearing a critical resistance level, visible through the narrowing symmetrical triangle pattern on the chart. A breakout above this consolidation range could indicate a continuation of the upward trend, particularly with the support of increased volume. It will be essential to watch the stock’s momentum and how it interacts with the Bollinger Bands and moving averages to confirm any breakout potential.

EYPT recently surged and is now consolidating in a bullish flag pattern near 11.59. This formation suggests potential for further upward momentum if a breakout occurs above the flag’s resistance. The increase in trading volume during the initial upward move signals strong buying interest. Monitoring volume and price action around the 12.27 resistance level will be key to confirming a breakout and continuation of the trend.

TEAM is forming a consolidation pattern just below resistance, suggesting a potential breakout. The stock is trading within a narrow range, which may indicate accumulation before a possible upward move. A recommended strategy includes taking partial profits at predefined targets, adjusting the stop loss incrementally to lock in gains as the stock moves in the desired direction. Monitoring volume for a surge is crucial, as increased volume on a breakout would confirm the strength of the move.

Unlock the Premium Trade Alerts with a Full Trading Plan in the Members Area.

Anthony La Fazia

New York

"An amazing service. TraderHR is on his game but most importantly will always take the time to answer your questions and teach you the markets."

Annette J.

Montreal

"I have been with TraderHR for a few months and have had great success. He is not only a great analyst but a great teacher whom I have grown to respect as a trader and a person"

Marcos Oliveira

“TraderHR is a proper professional analyst. Clear analysis and trading rules. Always seeking better ways to find better trades.”

Philip Haake

Colorado

I’ve been a member of many sites over the years, and I do the best right here. The daily watch list provides a steady flow of excellent charts to watch. It doesn’t take much work to pick the winners. Thank you very much !