Walmart Inc. (WMT) has been rising since the low of the June 13 2022 weekly (1W) candle. Along the way it broke above the key Resistance of the 1W MA50 (blue trend-line) and after it held the 1W MA200 (orange trend-line), it has established both as Support levels long-term.
There are however two longer term patterns to consider that supersede those MA periods,...
Earnings are scheduled to be announced on the 28th for ACI.
Very poor technical setup for ACI, anything less than a phenomenal earnings report should send the stock tumbling down to support at the 21 level. I'm entering a short on ACI as soon as I see a retest of 26.00 and then a follow-up confirmation of lower price action.
WBA is in this wedge on the 4hr chart. Could be a good rinse repeater each time it hits resistance for puts and support for calls, or wait for it to breakout either way and take a position on whichever side it chooses.
Wholesale and membership models have really stood the test of time as we've seen with $COST reaching new all time highs. The Fed doesn't seem too concerned with inflation which could be giving the green light to some of the strong inflation players once again. Wheat threatens a breakout at the time of writing. Good luck traders!
On June 29, online groceries e-commerce company Dingdong Maicai (DDL:NYSE) went public in New York after raising USD 96 million in an initial public offering, a dramatic cutback from the original projection of USD 357 million.
Dingdong Maicai had initially planned to raise up to USD 357 million by selling 14 million ADSs, priced between USD 23.5 and USD 25.5. But...
OG (Organic Garage) is reporting 12th consecutive month of sales growth. It has just announced entering plant based cheese and butter market which is a multi-billion dollar space. Chart is primed for another leg up following the bullish MACD cross and gap fill yesterday.
I am not licensed or certified by any individual or institution to provide financial or investment advice.
I believe Kroger (KR) is in a downtrend. I have marked what I believe to be the support and resistance with purple trend lines. As of this writing (December 30, 2020 4:00pm) I am not in any positions, bearish or bullish, in KR. If KR continues up to the...
So we've got macroeconomic forces pulling in a couple different directions right now. One the one hand, the Fed is talking about pumping trillions of dollars more liquidity into the market, which should further inflate equity prices. On the other hand, with coronavirus cases continuing to rocket, we're starting to see economic data fall off a cliff. Consumer...
We've now had five early earnings reports from the consumer staples sector in the last couple weeks, including today's reports from General Mills and Constellation Brands. On average, EPS for these companies beat analyst estimates by 12.5%, revenue beat by over 3%. That suggests that analysts have underestimated both demand and profit margins for this sector in...
Consumer staples tested and got rejected from a critical trend line this afternoon. The sector has been strengthening due to demand for groceries as economies reclose. Today it also got a bump thanks to news that people with incomes less than $40,000/year may get a second round of stimulus checks. This ought to help juice consumer demand a little. I've also been...
Entry : $24.55
S/L. : $23.02
TP1. : $25.85
TP2 : $26.84
12 months Consensus Price Target: $23.5
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
$WMK will try to break $49.84. To confirm the double bottom needs to hold above it.
12 months Consensus Price Target: NA
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
Contextual immersion trading strategy idea.
Sprouts Farmers Market, Inc., a healthy grocery store, provides fresh, natural, and organic food products in the United States.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from...
I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S.
The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward.
A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears).
A triple bottom is generally seen as three...
