We could see a major +60% Decline coming out of this one in the near future; It's been quite the run up but it's new target is now presumably back to the level of C which takes us back down to around $25
$TGT 1W Target is consolidating in a megaphone pattern and bounced off TL support. Looking for history to repeat itself and break above the micro resistance (red line) for a retest of the upper TL. Seeing some bullish divergence as well as the oscillators looking to flip bullish.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
MercadoLibre - Short Term - We look to Sell at 1262.00 (stop at 1345.00) Posted a Double Top formation. Previous support, now becomes resistance at 1261.00. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance...
7 Essential principles we have learnt this year from trading weekly charts: -Weekly charts are where the real $ is. -If you are looking at weekly charts, don't get caught up in the short term volatility. Unless trading the 1D and 4H charts, of course. -Identifying the accumulation or re-accumulation zone early is essential. -Don't expect the price to start...
Costco is a monster .. Looks like it wants 585-590 area where there will be some trendline resistance. Wouldn't want to even short this thing near the top of the pattern iMO. Can reach 620 if it breaks that 590. LIS 565 once above.
I know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is...
Is GIS part of the global Supply Crunch? After several months our GIS retail play is holding up nicely but will they crush earnings? It seems they're poised to knock this out the park on 12 21, but anything could happen. Please DYOR before jumping in to GIS, read their prospectus & recent SEC filings, so there are no surprises. Full disclosure considering cutting...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Just Eat Takeaway - Short Term - We look to Sell at 58.56 (stop at 66.36) We look to sell rallies. Previous support at 59.00 now becomes resistance. The trend of lower highs is located at 66.36. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set...
Hello all, Walmart is showing a clear double top formation and has gone under its 20 week SMA. In the last few years, this has signaled a pullback of about 10% being in the cards, though I have circled in bright green 3 incidents where this did not take place. The double top formation, the historical trend, as well as the recent strength of tech stocks, and the...
In a friendly retail environment, I believe Build-A-Bear has the opportunity for some real growth with the Disney licenses and budding social media presence.
A few back i posted charts of the retail sector to lead rally . We now have ended in what looks like a classic blow off top I am now moving into a PUT POSITION NOW TILL MARCH 2022 we should see a rather string move from free money to contraction just based on the new tax laws jan 1
Looks good to go all the way to 293 and knock on some heavy resistance.. Buy some shares and cut once you're 40$ up from today..
Large cap stonks & their overseas profits. Doens't comply with Biden's "Buy American Act" so well, no????? lol. The business model of being middle man is over. Large cap #stonks & #cryptocrash to #valueinvesting #cannabisreform #federalization #statesreformact in CONGRESS!!! #cryptocrash to US CANNABIS MSOs. $KERN #thegem CANNABIS COMPLIANCE DATA...
Walmart looks ready to continue going on the Weekly timeframe. Could see this potentially around 170-200 bucks at some point in the near future.
OZON HLDGS PLC Disclaimer/ On average, 90% of all stocks move down with the market, and 75% - up. The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and has little practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the...
I spotted a potential Swing Idea on KMX. I'm eyeing 140-145 calls. I haven't determined an expiration date yet, but I'm aiming for next month, maybe even Dec. depending on the contract prices. I also have a 1hr markup which is showing me a possible bounce coming off the 200MA. WIll this happen anytime soon, that I don't know. However, I'm liking the pullback to...