SYS Research – US Daily Setups – Monday, October 16, 2023

Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.

Just a friendly reminder: We update the sector chartists every weekend. We highly recommend that you take some time to browse and create your watchlist. Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.

If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a meeting to address your specific requirements and provide you with the guidance you need.

Sample Trading System

The following trading system is presented as an educational example and should not be interpreted as financial advice. Past performance does not guarantee future results, and trading involves inherent risks. Please consult with a qualified financial advisor before implementing any trading strategies.

US Daily Setups

AVAV – AeroVironment Inc.

AeroVironment is still in the setup phase above the trigger line, as highlighted over the weekend. Watch for potential signs of upside momentum.

LINK TO CHART – https://schrts.co/BxfRRPIS

 

COIN – Coinbase Global Inc.

Coinbase is consolidating within a wedge pattern, with price action being compressed between the upper trendline and horizontal resistance. Monitor for a potential breakout.

LINK TO CHART – https://schrts.co/DnIFfdPf

 

KTOS – Kratos Defense & Security Solutions, Inc.

Kratos Defense appears to be setting up below recent 52-week highs. Keep an eye on it for a potential continuation of the uptrend.

LINK TO CHART – https://schrts.co/cRApqHFQ

 

POWW – AMMO, Inc.

AMMO is making an attempt to break out from a bottoming base. Monitor for the continuation of upside momentum.

LINK TO CHART – https://schrts.co/rZTUhctY

 

RGR – Sturm Ruger & Co., Inc.

Sturm Ruger is currently attempting to break out from a continuation wedge pattern. Keep a close watch for potential signs of a breakout.

LINK TO CHART – https://schrts.co/Cdrzjiyf

 

SWBI – Smith & Wesson Brands, Inc.

Smith & Wesson Brands is consolidating above a recent breakout line. Monitor for signs of continued upside strength.

LINK TO CHART – https://schrts.co/nWpsHzhq

 

US Scanner Results

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.

 

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