Weekly Stock Watchlist August 10- 5 Great Breakout Setups
Before becoming a consistent trader I tried almost every strategy that you can think of, momentum trading, mean reversion, trend following and many more.
I finally found consistency when I started to focus and sharpened my tools on one setup, symmetrical triangle breakouts, a pattern that I consider perfect (at least for me!).
My sweet spot is swinging these breakouts for a few days, capturing a decent chunk of the move and then cashing out. Sure, sometimes I sell too early, but as long as I’m still making good money, there’s nothing to cry about.
Each Sunday, I watch dozens, and sometimes even more than 100 charts manually, in order to build my watchlist for the coming week. Most of the stocks on my watchlist are stocks that are consolidating in a triangle pattern and are about to break out, or have already broken out but are still in the early stages of the breakout, so there is plenty of room to the upside.
My Watchlist for August 10–14
DBX-
After the results came out positive on Thursday pre-market, I bought some shares after the market opened. My stop here is at $32.10, which is about $2 below my entry price, targets are on the chart.
Boeing has been consolidating in a symmetrical triangle since late January. The price is currently struggling to break through the “ceiling” of the triangle. It might take another few days, but I think this chart will eventually give the trade. The breakout confirmation level is $244.07, with the targets listed on the chart.
Another great-looking triangle. The company beat earnings expectations, which caused the huge green candle last Wednesday. Another positive sign is that the moving averages are about to form a “golden cross,” with the 50-day moving average crossing above the 200-day moving average. Breakout confirmation level: $99.17.
Not as clean as the others, but it could still be a great trade if we get a convincing breakout above the confirmation level.
Price has been consolidating in a huge triangle since January 2026. A “golden cross” has also formed, and we can see the moving averages starting to “spread apart,” which could be a sign that the price is about to accelerate to the upside. There’s huge potential for gains here if the stock behaves nicely.
If you found this content valuable, I’d really appreciate a boost and a comment. It helps me understand what you guys want to see more of and motivates me to keep creating and sharing these setups. Appreciate the support!
