Tech the Halls Full of Radioshack Stock, Sell at 2.40

3263 35 27
Radioshack is ready to unload there inventory this Christmas shopping season. CEO             , Joseph C. Magnacca, introduced the Tech the Halls promotion for the fourth quarter. Consumers might be tempted to stop by a local Radioshack for a cheap tech Christmas stocking stuffer.

The stock pattern...

I'm seeing a typical Fous Revival Pattern shaping up in RSH stock. Fous patterns are very reliable, with a 73% chance that the stock will reach it's third resistance target price. There is also a decent chance that the stock will breakout at the third point of resistance. There is one caveat, we need the market to continue to hold up or move higher for RSH to have a breakout. It was around this time last year we saw Best Buy             BBY             stock breakout and was the best performing stock of the past 12 months.

I should also add, for several months Radioshack has been listed as a top 20 short interest stock. So we could get an added short squeeze bonus pushing RSH even higher than I'm forecasting.

I will also be using near term option exp             . with a long call strategy to maximize my gain. http://www.dopamgames.com/game-review/2013/11/14/tech-the-halls-full-of-radioshack-stock-and-video-games#commentsWrapper
This was broke support... not talking of bankruptcy chapter 11
+1 Reply

Broke support a few days ago. So now I'm eyeing up this long term double bottom chart. I will be dipping my toe in long call options probably first week of Feb.
+1 Reply
QuantitativeExhaustion QuantitativeExhaustion
I'm confident this double bottom will playout. However, I'm not sure about how our second bottom will look, Adam bottom (pointy short lived) or Eve bottom (long duration - like previous bottom)?
+2 Reply
Panzer_4183 QuantitativeExhaustion
its all ok.....looks like bad results are priced in. 2.00 held so lets see how the game will be played.
+2 Reply
Looks also like a C&H so we could see more rounding before the ride up
+2 Reply

Double Bottom Pattern... Now the question is what shape -- Adam or Eve??
+2 Reply
Peepui, That 's your job verrygood.
+1 Reply

I am recapping and updating RSH stock chart.

+2 Reply
Panzer_4183 QuantitativeExhaustion
i agree with you. I am looking for littlemore down for entry but basically price is so squeezed that next stop below 2 could be BK. Lots of Institutional players are involved in this stock, even if they wanna dump the stock they would need to raise it up and suck in the small investors. Thats the reason i think that this is a good opportunity for buying this stock. On the other side, new managemant is in the house so it could have a good chance for turnaround . Any way speculative buy
+1 Reply

Looks like investors will get a second chance. Went to RadioShack for Black Friday discount items were cleared off the shelves first three hours, and online inventory was sold out as well. Looks like RSH played it right by not opening on Thursday and expecting people to buy smaller items, flash drives/HDMI/Batteries at RadioShack. They were also selling phones and phone plans just as fast
+2 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out