Apple.
It's current base is May 11th through today. Decent contracted wave pattern, which is what you want to see since we're screening for breakouts. It's RS is lower than I'd like but it's Apple, so that's not as concerning. It is more concerning for smaller stocks/companies so I'd prefer the RS to be more near 70+.
The following is marked on chart:
1. Hit a high of 128.32 on 5-25 and closed lower than open.
2. Hit a high of 128.46 on 6-8 but squatted lower into close.
I would be looking for breakout above that mark, so stop market buy order at 128.47. I would just use a stop at the 20 day MA on this, so 125.65, which is 2.2% risk.
This is a decent pattern with good chance of a strong pivot back to highs over 135 in the short term. But if not, it's only a 2.2% risk for this trade, so the risk/reward is very good.