SPWH, a sports and recreational retailer had a bad week or two as seen on the 60-minute chart. Reversion to the mean and the rubber-band perspective says that what goes down must go up. SPWH has fallen into deep undervalued territory. It has been down trending for most of this year. At the moment it might be correcting into a short trade or put option...
Target reached R257.66 from the Inverse Head and Shoulders we pin pointed in July. The price broke above the neckline and out of the medium downtrend. We followed the textbook way, and the price shot to the target at R257.66. It can continue higher. Or it can consolidate. But either way, we need to wait for the next setup.
The technical figure Triangle can be found in the daily chart in the US company Target Corporation (TGT). Target Corporation is an American big box department store chain. It is the seventh largest retailer in the United States, and a component of the S&P 500 Index. The company has found success as a cheap-chic player in the industry. The Triangle broke through...
Yo guys, welcome to the channel Hawkeye Charting. Yesterdays projection of working the 36-35k zone in BTC has been even surpassed and we're now waiting for some kind of reversal relating to the market maker method. Is Price affected by the ukraine news or did the market makers simply use the news to hide their hand? No BS like bullflags. No Asking: when...
Yo guys, welcome to the channel Hawkeye Charting. MM let us see their hands by working the 200EMA. Question is: Will we see a breakout and move towards the 800EMA first or will we directly go towards the currently interesting pool of liquidity at 36-35k? Check out what I will pay attention to for today. No BS like bullflags. No Asking: when moon? Always...
With the important Jackson Hole meeting set to take place this wednesday, I expect value names like BIG to do well as tapering asset purchases will be the topic of discussion at this meeting. With a P/E of 3x (TTM) and a dividend of 2% BIG looks very attractive here to investors seeking good value. Earnings are expected Friday from BIG, I believe they beat...
shark harmonic pattern: AB=0.61 XA BC=1.6 AB tp1=0.78 BC=$3.84 tp2=0.88 XA=$10.67 tp3=1.13 XA=$17.79 tp4=1.6 BC=$23 tp5=1.6 XA=$49 tp6=2.24 BC=$88
DLTR Current Price $97.51 Price Target $106 DLTR right on that $97 support level I think we bounce off support and come up to around $106. Not a long term hold just a trade based on the chart set up
Although widely considered a Cannabis play, IMO the hobby indoor garden space has big potential. From a source of food to a source of Zen... Plants, regardless of their level of cannabinoids, can be very beneficial. Almost akin to pets. Fostering health and physical well being. Even providing for psychological needs, like being a provider, accomplishment, even...
DXLG Destination XL Group, Inc. is a leader retailer in Big & Tall men's apparel. Company is publicly traded since 1988 The Monthly chart shows a buy setup in 7 different aspects 1) Massive buy volume in the month of July. Buyers are mostly institutions as you can see in the following link. As of today 70% of shares are held by institutional...
$HD broke $259.29 out last week and ready for a new uptrend. However, the volume and rsi are still weak and just watch for more volume before get in. Note: Lumber price is increasing so it may affect also HD performance positively. 12 months Consensus Price Target: $255.28 if you find my charts useful, please leave me "like" or "comment". Please don't trade...
Looking at Walmarts chart it seems like it is infamous for filling gaps made pretty quickly last gap made was around the 127.33 price which i think will get filled tomorrow on 5/1/2020 to start the month our in green but it seems like whenever gaps are filled they are taken right back so maybe set a TP for the 127 price range also MACD on average makes around...
RSI divergence is our main sell signal here. There's also some fractal support/resistance here. Will be re-entering $M @ 5.20. REMEMBER Risk Management 50% of trading Technical analysis 25% of trading Fundamentals 25% of trading Don't forget to drop a like! Feel free to engage and ask questions! Best of luck to everyone!
On the news we could see some re-openings of the economy in certain states. Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd. RSI @60, is in an uptrend. (Bull) OBV is still consolidating (Bear) We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)
Dollar Tree has been in a downward spiral for quite some time... Huge (down) gap after Earnings... Coronavirus might hurt its Supply-chain short-term... but if volume picks up and it breaks the Fibo line, it might rebound and try to close the gap left behind. What do you think?
#bumpandrun , #dragonpattern is forming , I think today we are witnessing the total break down of the major downtrend , should the 50-200Ma crossing hold , Im thinking a short term rally is just starting and after a pull back to the cluster around the blue trend line and the pitch fork that was just broken out of ... with targets of 85$ within reach in first half...
It's hard to get overly bullish on $LB, but the chart has piqued our interest. The stock has very strong support at the $16 level and $LB looks to be on the verge of breaking out. With so many bearish on retail names, $LB could outperform quite easily with so many pessimists and shorts in the stock. With 8% of the float short, we could see a nice short covering...
Alibaba is trading inside a very standard 1W Channel Up since June (RSI = 52.639, MACD = 1.760, Highs/Lows = 0.0000) with the Low to High legs symmetrical at +21%. If the current leg is completed on equal strength then the peak (+21%) will reach 195.50 which is the 2019 High. So if the Higher High trend line of the Channel Up breaks, be ready to extend your long...