“Inequality can be done away with only by establishing a new society, where men and women will enjoy equal rights, resulting from an upheaval in the means of production and in all social relations. Thus, the status of women will improve only with the elimination of the system that exploits them.” Lumber Liquidators looks good for a reversal. Small share...
The "DOGE/USD" is since May - 2021 in a downward trend, and it is obvious that we can expect a trend reversal if necessary. > The meme coin "DOGE", has among other things by "Elon Musk", a large degree of awareness and will be known to most "RETAIL" investors. > Regardless of the media notoriety and the wildest stories of "new" millionaires, this "crypto coin"...
🔹Support at 113 and Resistance at 144. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
Inv H&S has formed on TFG. It's not a very attractive one as the left shoulder moved past the neckline. I call these the Quasimodos of trading. Anyway, the large downtrend has broken and the uptrend is on its way. So the signs of buying and demand are high. We have other indicators confirming: 7>21 Price<200 RSI>50 Target 1 will be at R120.00 ABOUT THE...
Inverse Head and Shoulders has formed with Truworths. This is definitely not ripe for the picking if we're waiting for this formation to form. It might even form into something completely different. But here is my take on it. The signs are slowly becoming bullish and things are looking good. 7>21 Price<200 RSI>50 Target R69.45 The rand though however needs...
Home Depot reports earnings tomorrow. This could be telling for retail stocks. If HD earnings come in negative this would drag XRT down and likely the market leading Home builders. With the weakness in Lumber, Copper & steel weak earnings could be very likely.
AMEX:XRT Retail sector bear flag still holding support for now.
Inverse Cup and Handle has formed over the last month for the retail giant. The price yesterday broke below the Brim level. This makes it bearish for downside to come. 200>21>7 RSI<30 Target R103.61 SMC - Above the Handle of the Cup is a Buy Side Liquidity Order Block. This is where Long traders BOUGHT and Short Traders got stopped. Where the BUYING took...
Pattern played out too early for me, so on the side waiting for a retest to join the party did not see this double bottom formed at the RSI, Missed the 6% move
Traders come in different shapes and sizes! Mentality can also come in different shapes and sizes! Some traders like to follow systems! Some traders use creativity to spot patterns! One thing won't work for everyone! but the Beauty is us traders have one thing in common... trading psychology it spares no one!
Retail Traders See Long, which they're not wrong, but that trend line support is a trap. We are potentially going to see a run on those stops and then a move up to reach for a Thursday High and potentially short or set up a short on Friday.
Its usually time to fade the American urge to "Eat Healthy this Year" by the time the leaves start showing up on the trees again. Add to Krispy Kreme between 12-13 dollars. "As society becomes more and more complex, cheating will in many ways become progressively easier and easier to do and harder to police or even understand."
I expect price to pierce the remaining liquidity with the news today. Understanding where price may flow is easy, finding a sell entry is the difficult part. I have marked an 'expected sell' zone but the reality is it could sell anywhere between now and the previous high. So for now I will just be observing and if intuition tells me to sell, I will. Good luck...
Rejecting down trendline, below 50 DMA and the option flow ratio for March 17th is 4:1 puts. Very strong numbers from economy today, which means the FED will have to raise rates again at some point this year. I have been following the FOMC for 6 years, take every meeting cautiously. We also have CPI numbers on the 14th. I am holding MArch 24th 61 puts at $1.15 GL!
Digital Brands Group, Inc. provides apparel under various brands on direct-to-consumer and wholesale basis. The company offers denims; and men's suiting. It also designs, manufactures, and sells women's apparel, such as dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers; and sweaters, skirts, shorts, athleisure bottoms, and other accessory products. In...
"Consumer retail is 70% of the economy". If anyone know where we are heading next, it should be the major big box and big web consumer retails names in the "WATCH" INDEX. WATCH is just Walmart Amazon Target Costco and Home depot added together.
Head and Shoulders formed on Pepkor a few days ago. The price broke below the neckline accompanying with other bearish signals. 200 >21>7 MA- Bearish RSI<50 - Bearish divergence with lower highs Target R16.38 ABOUT THE COMPANY Pepkor was founded in 1965 by Renier van Rooyen and his wife, Elsie. The company started as a small clothing store in Cape Town,...
Young corporate executives in Mumbai, who may never have read Marx, were recently circulating by e-mail portions from Karl Marx's 150-year-old writings which lucidly talk about a stage in capitalism where banks would throw ever larger doses of cheap debt for consumption until there is a crises of repayment and the state would step in to take over the banks....