Chinese retailer VIPS has been on a massive run lately, and is now pulling back from overbought on the weekly. The stock has formed two upward trend lines, one steeper than the other. We may break the steepest trend line and bounce from the secondary one. VIPS started 2019 at a low valuation, and over the course of the year has seen a roughly 100% increase in its...
The SPDR S&P Retail ETF closed above the resistance line yesterday but is seeing continuation of that breakout early in today's session. A close above the previous resistance line would confirm the breakout but a price above $45.70 would be better as price has rejected from there a couple of times prior.
Matas might be about to break its down trend if it can move up through the top of the down trend channel at 63 DKK during the next few weeks. If it can, the next price target would be the top of the trading range 76 DKK. A further break through 76 DKK would indicate a new strong up trend.
It's hard to say which traditional big-box is doing a better job adapting to the digital age: Wal-Mart Stores or Target . Both have successfully used online strategies to keep shoppers in their brick-and-mortar locations. That's helped avoid the kind of painful downsizing sweeping other retailers. It's paid off recently for WMT, which beat profit estimates ...
Amazon drops into a key support level where it rotated a few times right at $1745 now its showing signs of strength and volume is starting to increase. It's been in a strong range for 4 months now and it looks like its about to break above. As long as retail numbers don't disappoint in the next few months we'll hit the first target at $1845-1850 and then into...
Zumiez reported better-than-expected earnings, and as a result, analysts have been revising the earnings outlook upward. I'm targeting about $37 per share for my exit based on the current earnings forecast. Zumiez rocketed after the earnings announcement, but has been dropping since. I've identified four possible bounce levels; we're already at the first. Scale in...
Looking for a drop on BBBY to take it long. Trending up and entering on the different support levels combined with fib retracements. The stock has a potential fundamental upside with mayor company turnaround in play. Looking for a good entry point because seeing this stock at 20.00 in the next 2-4 months is not a long shot. Maybe sooner. If it goes below 12.50 I...
Pretty simple pattern and meta-pattern. Bull flag should break to 34, and the wedge breakout should carry it to the 40's. T1: 34 T2: 40
Kohls has earning pre market Tuesdays, We are currently sitting at resistance,I think if the market drops a little bit on Mondays, I would buy KSS up play it for a quick run up and sell before ER. I think it has potential to gap-fill to $62.5. However if it drops after ER, i would buy the dip around $52 for a run up again.
"Liquidity gaps" have been proving themselves over and over. Everytime there is a decent sized movement, price always seems to "fill in" or trade through those spots again. I've highlighted two spots in light yellow. (A third was a maybe). It looks like price is likely going to trade in to these "gaps" , I've highlighted. These are concepts learned from ICT....
Party City has become a perfect example of going quietly into the night. Despite the immense amount of trouble the company is in, and their constant and predictable death spiral, the lack of volume goes to show that the market hasn't noticed Party City on death's doorstep. - Helium supplies being limited means that medical tech companies receive first dibs,...
Check out the pullback in Nike (NKE)! The DJIA member broke out to new highs in September on a strong earnings report. It ran to the high 90s and then stalled and retraced almost the entire move. NKE shares are now back to their $90 breakout zone, which was also resistance in April and July. On top of that NKE is holding its 50-day moving average and has had...
CVS has been headed toward the top of its parallel channel. It's currently overbought, so its first test of the channel top may get rejected. However, expect a breakout soon after. CVS is my favorite investment thesis in the entire market right now. The company is opening 1500 HealthHub stores by the end of 2021 and is also completing a merger with Aetna. Its...
Looking like Walmart is going to break down to the second resistance into earnings then if it can support at those levels will likely get squeezed to new highs heading into the holiday season.
After a recent reversal and a history of higher low support GPS is poised to have a 10% run up into earnings. RSI and Stochastic give additional support. With a very solid P/E of 6.67, it's one of the lowest in the retail clothes sector. With minimal Debt/Equity of 0.34 and a Current Ratio of 1.50 We can even choose to hold through earnings for additional...
Buy WH Smiths (SMWH.L) WH Smith PLC is a United Kingdom-based retailer in convenience, books and news for travelling customers. The Company is a high street stationer, bookseller and newsagent. The Company operates through two segments: High Street and Travel. The Company's Travel business sells its products to cater for people on the move or in need of a...
"Markets took a break" the lack of high-profile news and frankly difficult weeks contributed to that yesterday. GBP has tested 1.30 against the dollar. As we expected unsuccessfully since a successful test requires positive news from Britain. Johnson’s attempt to accelerate the negotiation process did not bring home the bacon. Parliament refused to re-vote on the...
AEO has been in a long-term downtrend. After last earnings it got a nice spike, but then it came back down. Lately its momentum has been changing after two bullish trend line breaks. It's cheap with a current P/E of about 10, and it's had several recent analyst upgrades. I am holding AEO until it gets close to the next trend line. Then I will sell and wait for the...