Market just finished Elliot wave 1 to 5 downwards, we just hit our buy zone, we can either entry now or wait for a pullback back to the entry zone to get better R/R ratio, but we might miss a trade since market might not pull back. Indicators: AROON: On a weekly chart it is still showing a bearish momentum, but indicators are slow to catch up and lag, so...
Big Lots, Inc., through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday...
GPSC Buy Signal Position | Smart Money | Big Lots | Banker Chips | Inversed Head & Shoulders Target Price 1: 80 +5%, stop loss 75.
BIG is testing a falling wedge pattern. Look for a breakout on any type of positive news...
$BIG broke the pivot last Friday with high volume. RSI is also over 70. 12 months Consensus Price Target: $38 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
I am waiting for a breakout in one direction or the other, on the daily, which you can see below. On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest. Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile. I am somewhat short biased,...
If bull pennant in play, new target would be as pictured.
The price created a large gap and this trading setup suggests that it will more likely be filled. There is a strong daily support level at 46.46, where most of the buy orders are placed. Plus, that is the best area for previous sellers to lock their profits. Those scenarios will push the price up. In addition, the market completed the Gartley pattern that...