Malibu Boats just got some big analyst upgrades on the strength of upward earnings revisions. It's been in a gentle upward channel, but I actually think it could break out and establish a steeper upward channel leading up to earnings in September. Watch for the upside channel breakout and then buy the pullback. As always, this does not constitute investment...
This is a quality company but got sold off because of the cyclical nature of the business and the problems with the trade war. 50-40 range wouldn't be bad to pick this stock up.
Enough has been said about this trade. Let's jump in now!!! ENTRY: 108.905 STOP LOSS: 109.308 TAKE PROFIT: 107.880 (Check my previous analysis/post on my profile)
Manufacturing sentiment data for April has fallen lower to 52.8 which is toward contraction territory (below 50), failing to meet industry forecasts of around 54.7. Currently forecasts for May are hovering around 53.6, but this would only be a bounce within the overall downtrend and actual data may be lower. What does this mean? BTC prices are likely to sink...
This could setup to be a big 2x or 3x move coming. $NCS is a metal building company and owns lots of components and products used by other companies. They had a big merger and are re-branding to Cornerstone. This will be huge for the company, and with steel prices looking to rebound a reversal is setting up nicely. Also, weekly bullish divergence is occurring (see...
The Bitcoin "mining" industry which sustains the infrastructure for the Bitcoin network can be compared to manufacturing. If we compare the price of Bitcoin to the Manufacturing PMI (which measures the sentiment among managers in the US) we can see a significant degree of correlation. While the potential causal mechanisms still require rigorous study, we can add...
TA only, long term trade - look at this company for +/- related to accommodating Electric/ Autonomous/ AI trucking needs
Aspen is a global supplier and manufacturer of branded and generic pharmaceutical products as well as infant nutritionals and consumer healthcare products in selected territories. ASPEN has been under the microscope over the past few years with various negative rumors and investigations driving the share price lower and lower. I believe that we haven't quite seen...
In this January bullish market, bear flag breakdowns have mostly led to flat lines rather than massive drops, but given 3M's China business, and a week already full of dismal earnings reports, it can be expected that this bear flag will play out as a minor decline in the short-term stock price. There is fresh demand in the low to mid 180's, and even if it falls...
NICE setup for counter market movement, if 2019 is a flat/ topping year IPO price is $25 range, consider that the long term target
Due to challenges of the entire technology sector, directly affecting manufacturing and indirectly influencing other sectors, DJI may see 24K in this quarter, and bounce back afterwards, subject to probable and required catalysts.
Making money is art and working is art and good business is the best art. Andy Warhol
Support Resistance 147.26 147.75 146.81 147.99 146.42 148.14 Key Trading Level: 147.430 Keep following for more updates
This chart shows a number of possible directions that price could take and is meant to spawn multiple trade ideas. I firmly believe in diversifying positions and trade ideas within the holdings of one individual asset, but I posted up an example with targets for a long trade that will help to manage risk by utilizing major resistance, as well as Fib levels, the...
GBPJPY is currently retracing to the 61.8 fib from in its downtrend, i am also a fundamental trader so i will be looking at UK results this morning at 9:30 am to asses whether we will be entering the trade, we will also be looking at the hourly candle close at 10 am, we may miss a few pips doing this but it reduces risk substantially, i believe at the moment it is...
USDJPY: BSI Manufacturing Index Forecasted good for JPY currency. Selling USD at Supply level.
GBPAUD: Short GBP over bad forecast on Manufacturing Production. Previous is 0.6%. Forecast: 0.2%.