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. www.dopamgames.com/g...tock-and-video-games
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. www.dopamgames.com/g...tock-and-video-games