SYS Research – US Daily Setups – Wednesday, November 8, 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

AKAM – Akamai Technologies, Inc.

Akamai is approaching a potential breakout to new 52-week highs with strong bullish volume, which is a positive indicator of the stock’s performance. Keep a close eye on it for further developments.

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

 

AVGO – Broadcom Inc.

Broadcom appears to be setting up just below its all-time high trigger line, which could indicate the potential for a breakout. Keep a close watch on the stock for any signs of a breakout in the near future.

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

 

BITW – Bitwise 10 Crypto Index Fund

Bitwise 10 Crypto Index Fund ETF, a cryptocurrency fund comprising the ten most highly valued cryptocurrencies, screened and monitored for certain risks, weighted by market capitalization, and rebalanced monthly, seems to be breaking out to new 52-week highs from a flagging pattern. Keep an eye on this breakout, as it may signal continued strength in the cryptocurrency market.

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

 

MSTR – MicroStrategy Inc.

MicroStrategy, known for its investments in Bitcoin, is setting up below recent 52-week highs as the price of Bitcoin attempts to trend higher from its consolidation area. Keep an eye on this setup for potential movements in line with the cryptocurrency market.

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

 

NVDA – NVIDIA Corp.

NVIDIA is pushing against the upper trend line of a consolidation pattern. Keep an eye on this setup for the potential continuation of the uptrend.

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

 

RYAAY – Ryanair Holdings PLC

Ryanair is now breaking out above the horizontal resistance line.

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

 

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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