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.
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US Daily Setups
CCJ – Cameco Corp.
Cameco serves as a compelling illustration of the potency of a base breakout. As two of our trusted maxims remind us: ‘The bigger the base, the higher into space,’ and ‘Trend will be your friend until it’s not.’ Cameco consistently maintains its upward trajectory, trending above the upward-sloping 10-week moving average. This moving average acts as a dynamic trendline and can be utilized to define potential downside risk, making it an ideal level for a trailing stop-loss order.
DNN – Denison Mines Corp.
Denison Mines continues to trend higher following its base breakout and is now setting up just below its recent highs.
OIH – VanEck Vectors Oil Services ETF
The VanEck Vectors Oil Services ETF consistently achieves new highs following its base breakout, a topic we have been discussing and a chart we’ve been highlighting.
OXY – Occidental Petroleum Corp.
Occidental Petroleum, a Warren Buffet stock, is displaying indications of a potential breakout from a substantial base that has consolidated to the apex of a continuation pattern.
SLB – Schlumberger Ltd.
The Schlumberger setup maintains its momentum, consistently reaching new highs since its base breakout.
VAL – Valaris Ltd.
Valaris is positioning itself on the right side of a substantial basing pattern, situated just below its all-time highs. Monitor this closely for potential signs of upside momentum that may result in a breakout.
US Scanner Results
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