Accuracy and consistency matter to develop trust that I will always
try my absolute best to give the best analysis and simplest trade setups
that I can. :)
A nice Simple trade. With rates rising and FED finally making the right decision
to deal with inflation we can expect retailers to have some difficulties going
forward. After completing wave 3 up it is failing to push higher. While the current
formation does appear as a bull flag it has failed the breakout. As such a great
risk-reward setup is at play giving...
When 70% of GDP is consumption, You really want to pay attention to retail sales.
With 3.4% unemployment, rising rates, and lagging wages there isn't much upside
left right now.
Do you want to own DDS?
Do you Want to own NKE?
DDS is more volatile than GME, TSLA, any name you can think of. Here is an opportunity to leverage this volatility for massive gains in a short time period:
- just broke out and has another gap to fill above at 370
- the DMI suggests major accumulation following the pullback from all time high and the indicator "ADX Breakout" calculates the target based on DMI...
DDS , Dillard's (Department stores).
I like the break of that 292 resistance (the flat of the ICHIMOKU cloud). Just got long for a swing trade.
My first target is 319, which is the flat line of the upper cloud.
My second target is around 339, to close the gap of November 2021.
My stop is under today's candle, around 290.
Trade safe.
$DDS held onto $225 support on 3 occasion during the market correction in dec and jan, forming a very constructive cup and handle formation.
now trading above 10/20/50MA this week, but still have a ATH VWAP at $278 to recapture. that will be the cleanest breakout level imho.
The vaccination campaigns are raising all over the world, but US is doing an incredible job to get this done very efficiently.
I am positive that the retails will spike in the next cycle due to the needs of the people to get back to in-person shopping experiences that are missed for more than a year at this point.
Dillard's performance showings clearly the first...
This is a signal that DDS's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron A.I.dvisor looked back and found 24 similar cases where DDS's RSI Indicator left the overbought zone, and in 23 of them led to a successful outcome. Odds of Success: 90%. Current price $46.48 crossed the...
Dillards has been strong the last few days, but I look for it to fall back to 47. Buying the 42.5 Put and selling the 50.0 Put. May 19th expiration and with earnings May 11th I will manage this with that in mind.
I like this stock, to take an options trade ahead of earnings. A pop to $66 would be a significant profit, buying the March 17th, 70 strike calls here.
Risk is low, just buy enough to spend 0.5-1% of your capital on the premium.
Good luck,
Ivan Labrie.
