TradingView
Apollo_CB
Oct 27, 2023 3:26 PM

BJ a recession stock uptrending channel Long

BJ's Wholesale Club Holdings, Inc.NYSE

Description

BJ continues overall uptrend with favorable PE discount when compared to COST. This channel has mostly maintained. An options setup in January for 75-80$ calls is a strong potential here as the next time the stock jumps above the channel the price target could be hit. RSI has a ways to go before hitting the usual historical top for BJ as well sitting at a modest 53 today. The stock is also remaining above the 20SMA.
More