rjchilia123

Bull Flag all the way home

Long
NYSE:HOME   None
At Home Group is a very beaten down stock due to the trade war and these levels is a great buy from a fundamental stand point.The charts seem to be pointing to a new bull market. A bull flag pattern seems to be forming on the daily charts; the volume is not perfect, ideally the green candles on the pole should be significantly larger than the red candles on the flag and only one green candle has significantly higher volume. However, based on the technicals I would expect when the volume rises the price should make higher highs above $6.57. Oftentimes the biggest candle indicating the most momentum is where the stock is headed in this case it is a big bullish engulfing candle. On Relative Strength the bulls seem to have some room to run up. The bears also have room to run down. Price Oscillator just crossed positive territory which is a buy signal. I don't have it on this chart but the MACD is also telling you to go long this stock. My personal opinion is that the bearishness has already played out with this stock dropping over 90% I believe it is now over done to the down side. If we start to move below $5.85 (the bullish engulfing candle) it will start to damage the bullish scenario.
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