SMA reported today with about a 2% drop - while traders responded with a 8% drop. Everybody
especially auto mechanics love their stuff. So were they looking for more? It is hard to say.
Idea is on the chart. I am looking for a recovery in a reversion to the mean. It looks like
it's underway. For those familiar with volume profile analysis and trading the best...
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: negative swing to support.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/19 BMO
Quarter:...
The PEAD projected a bullish outlook for $SNA after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 73.33%.
This is the strongest trade of the 3. The target is 2R.
Since we're extending the 52W high there is no resistance to speak of. I'll likely take 2R if I can get it. You could also manage it out and try for more.
Like the others, I'll look for an add on the Daily chart.
Beautiful chart here in a sea of ugliness in the markets.
Generates strong cash flow and reasonable dividend yield of 2.6%. Demonstrating strong profit margins of 20.1% in the latest quarter, their second highest on record.
This is a Warren Buffett style company offering safety and modest growth potential. Undervalued here in my opinion.
Hi friends
The daily chart of this market shows that it will experience a downtrend in the next few days but at the same time it should not enter a seller if it does not break the level of 124.65
at the same time it is necessary to be vigilant of the change of sense
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Looking to enter a long position on SNA with a fairly wide stop. Price decreased after earnings but the long spinning top/long legged doji candle indicates weakness in selling and a possible reversal. Relatively low volume compared to previous earnings as shown on chart. You could set your stop a little tighter around the $149 resistance level to protect against...
1. Golden crosses on multiple time frames
2. Bouncing off the 200 MA on multiple time frames
3. If we don't get rejected at the 0.382 Fib, I may finally get to use my rocket ship built using SNAPON tools
