jangseohee

Branch out of Channel

NASDAQ:ROST   ROSS STORES INC
56 7 2
Ross Stores             - recently broke out of a downtrend channel and a retest to break back down was unsuccessful.
It seems that price is in this steep uptrend channel and checking to see that the blue region can provide strong support for final push to challenge 81.78 by then. Looking forward to a bearish divergence
Gap down this time?
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lets look at the monthly
it is very ROSY

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3 observations:
1. for the last 3 quarter, earning send this stock gapped up
2. A HS is completed, price is sitting at the neckline
3. Could this be yet another hidden divergence?
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Unfortunately, the short at 81.78 turned into bigger loss ^_*, i should have noticed big green bar breaking it
Silly me
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