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.
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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.
LINK TO CHART – https://schrts.co/MhmNKwQu
DNN – Denison Mines Corp.
Denison Mines continues to trend higher following its base breakout and is now setting up just below its recent highs.
LINK TO CHART – https://schrts.co/eiUStbNs
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.
LINK TO CHART – https://schrts.co/jPfsdzzj
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.
LINK TO CHART – https://schrts.co/fynEbvZC
SLB – Schlumberger Ltd.
The Schlumberger setup maintains its momentum, consistently reaching new highs since its base breakout.
LINK TO CHART – https://schrts.co/nEmzCkCC
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.
LINK TO CHART – https://schrts.co/xdfNFFDU
US Scanner Results
Click on the CandleGlance chart to expand it to full size. If you discover a chart that aligns with your criteria or interests, you can effortlessly save it to your watchlist on StockCharts.com for further analysis and tracking.
