SUPPLY ZONE & 7 MONTHS BREAKOUT
Breakout point - 220
ENTRY - 220
SL - 210
TARGETS - 250, 280
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December 2022 saw Domino's reaching a high of $567.57 before reaching a base of $285.84, a drop of 50% from the highs. Since then, DPZ has rallied with the rest of the market, up 22% YTD aat press time, seeing a level of sell pressure as it dances around the $500 mark.
Looking at the daily timeframe below...
...you can see a topping out structure as the C...
DNUT from no where on a 15 minute chart moved late on Monday and then continued on
Tuesday, the trend indicator is thick suggesting continuation again for another day. Donuts sold
good for St. Patrick's Day. I am in this since yesterday. Added at the opening bell and the
lunch hour. It is risk free as the stop loss is above the average entry. Looks like...
These Penny type stocks are very difficult to analyse technically.
There is little volume, high volatility and almost no liquidity.
You can see this by jumping candlesticks between ranges (bids and offers).
So we can deduct a few things but with less certainty than with Blue Chips.
1. Downtrend broken
2. Price ready to break above 200MA - Bullish trend
3....
CHEF on a 4H chart has been trending up since earnings in November. The report last week was
improved over November's. I got this one January and uploaded an idea then. CHEF has ran
25% since then. The bot alert is signaling SELL. RSI is at 64 and not yet overbought on a
period of 14. The mass index is signaling a reversal down at it went over the...
KR in early August rose from its usual range into a head and shoulders from which
it trended down into its present lower base. I see this as a good setup for a long
trade to reach to and possibly beyond the mid Fibonacci retracement levels also
confluent with horizontal R/S lines drawn from the pivots to the left. I will take
the very safe long trade taking...
TSN is shown here on a 4H Chart. It upended for a month into earnings and then
disappointed with a miss. Following a drop from the miss, it has struggled to
regain its price level. At this point, price has crossed over the POC line on the
volume profile suggesting a preponderance of selling pressure Likewise in confluence
price has crossed over the mean...
APRN on the 2H chart demonstrates continued burning of cash and the burn rate
is more than the estimates of the analysts. With the double Bollinger Band overlaid,
Price since those dismal earnings has increased up more than 50% and is now at the dynamic
resistance of the volatility bands. Confluent with its rise to the upper bands is the rise of price
to...
SBUX fell going into earnings in early May and continued down all of May then pivoting
into a slow climb on this 2H chart through the lower anchored VWAP bands until the present
where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a
Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green...
BYND has had a good trend up over about 15 days rising about 40% over the interval.
The question that arises is whether the trend is now near to a top and so consolidation or
reverse or instead can it continue higher? The indicators may give a hint on the 4 hr
chart which being a higher time frame has better reliability than a low TF. About a week ago
price...
KR has an overall fairly narrow trading range. On this 4H chart, it is presently in a symmetrical
triangle or slowly rising wedge. Earnings beats have been respectable. KR reversed on June 1
at the trending support line and is heading toward overhead resistance. Just before that upper
resistance trendline is the POC line of the high volume area of the profile...
Test with pilot position, 10% of full position. Beat earnings and revenue guidance.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
CMG is currently very extended and has bounced between 1320 and 1565 in 2021. With the two major pullbacks in CMG occurring when the stock had an RSI of above 60, it seems very likely that the company is due for another pullback now that the RSI has surpassed 70.
On the other hand, the stock does like to be volatile and can fake people out like on March 5th when...
We can see a symmetrical triangle forming on the charts of AHOLD. This can lead to a breakout or breakdown. In my personal opinion i think we will see a breakout, taking into account COVID-19 and AHOLD's strong position in online retail with 'bol.com'(Notoriously used by dropshippers), revenue growth is very likely. Also the strengthening of their position on the...
NSP.V is helping to ensure stable food supply in BC and has applied for government funding to retool and to up its production. Also offering natural anti-viral and anti-bacterial supplements based on curcumin that may help in preventing spread of COVID-19.
The stock is cheap at $4.24 M and is reversing after prolonged downtrend. Bottom .025 has been tested and...
MCD (McDonald’s Corporation) has been trading within a very strong 1M Channel Up (RSI = 70.206, MACD = 17.720, Highs/Lows = 10.6514), which as seen by its technical action is on the Higher High zone.
Based on its historic volatility within the Channel Up, we expect MCD to pull back for a Higher Low towards 190 before resuming the uptrend. A potential Death Cross...
