IvanLabrie
Long

TIF: Good long setup, great upside to be confirmed soon

NYSE:TIF   TIFFANY & CO NEW
TIF             has a bullish reversal setup, good valuation and fundamentals and a high beta. It's a very interesting stock to own, with clear relative strength , and good potential upside. We have taken the long from 62.80 today, stop at 62.03, and aiming for prices over 64.50 in the intermediate term. Rgmov shows an uptrend is active, and the RgExp volume indicator confirms today's advance nicely. If we break the earnings key level resistance above, we migh see TIF             trading close to 70 soon.

Enter longs if we break resistance, buy dips back to the 63.32 handle after moving above this zone, or enter partially at market open tomorrow if not in. You can alternatively short puts at the money for 1 month, or perhaps employ a different option strategy suitable for the current volatility levels.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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