Home Depot (HD) gave us last time (October 09 2023, see chart below) an excellent buy opportunity that quickly hit our 326.50 Target:
The Bullish momentum was so strong that it broke above the Triangle pattern and gave way to the emergence of a Channel Up. The recent 30 day correction since the March 21 High, can be technically seen as the new Bearish Leg of...
Johnson & Johnson (JNJ) quickly hit the $147.00 Target that we set on our very recent sell call (April 03, see chart below) and is now approaching the bottom of the massive 2-year Channel Down:
Even though based on the very reliable and consistent Sine Waves, the bottom might be a process that can take up to 2-months, the stock is low enough for medium-term...
Johnson & Johnson (JNJ) got rejected on its 1D MA200 (orange trend-line) - 1D MA50 (blue trend-line) Resistance Zone. It has been practically trading sideways since the start of the year and based on the Sine Waves, that priced the new Top (Lower Highs trend-line) of the 2-year Channel Down pattern.
The expected completion of a Bearish Cross this week on the 1W...
Walmart (WMT) has been trading within a Channel Up pattern since the May 20 2022 Low. The current Bullish Leg is approaching the pattern's top (Higher Highs trend-line) and the probability for a correction becomes greater on every up move.
As the 1D RSI has been on a Bearish Divergence since February 20, similar to the April - May 2023 Divergence, we are...
Alibaba (BABA) has been trading within a Channel Down since the July 31 2023 High. The 1D MA50 (blue trend-line) has been acting as the basic Resistance while a truly sustainable bullish trend can technically exist only above the 1D MA200 (orange trend-line).
Until then every 1D MA50 rejection such as December 28, is a Lower High on the Channel Down and a sell...
Last time we looked into Amazon (AMZN) on October 30, we called a bullish break-out signal, which in two weeks hit our $146.00 target (see chart below):
We zoom out on the 1D time-frame now in order to identify the longer term patterns involved. Based on the 1D RSI which is pricing a Support on the former Lower Highs trend-line, we can see the very same...
Etsy, Inc. (ETSY) pushed above the 1D MA50 (blue trend-line) today and is headed for the top (Lower Highs trend-line) of the 4 month Channel Down. That is the short-term pattern within the 1 year Triangle formation, and since yesterday was a Higher Low on its bottom, if the Channel Down breaks, we expect a strong bullish reversal.
In fact the same Double Bottom...
JSE:WHL broke below another distribution level. Overall, JSE retailers are under pressure for various reasons; load-shedding and some justt poor managemenent decisions.
How low can it go? Note that JSE:CLS and JSE:MRP are also weak.
Amazon (AMZN) has been trading within the MA300 (red trend-line) and MA200 (orange trend-line) on the 1W time-frame for more than 2 months. In multi-year terms, this is the equivalent of a bottom formation within the Bullish Channel that started after the bottom of the Dotcom crash in September 2001.
More specifically, the 1W MA300 hasn't been touched since...
The advisor Market Miracle generated an input signal for the title GAMESTOP $GME at the price of 237 USD with a target of 315 USD.
The company is known by all for its capillarity on the territory but also for the recent events that have seen the value of the action literally skyrocket and not because it is a particularly healthy company.
In fact, its balance...
May be a poor representation of what I see but here goes.. Looks like stock has been making lower lows and recovering to about the previous drops lows. Looking for this to drop below $15 within the next 1-2 months and then potentially retest $20 area.
Fundamentals also seem to support further decline. Recently sold 55% stake in Victoria's Secret brand and is now...
This has been in a wide range consolidation since April 2019, approaching the all time highs and sticking within the ascending channel verified multiple times throughout 2019. This lengthy consolidation is healthy, and if the upcoming ER demonstrates continued growth and brand loyalty with YETI products- the upside here will continue. Think lululemon & black...
Higher lows since it bottomed out at 52 week lows (.65) back in June. Built new support @ $1.20. Would be ideal if it can continue to hold above new support.
Next major resistance up @ $1.65. Pivot $1.93 and I believe we can see retracement back to (April highs). PT: $2.40
Retailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE,...
