FLOOR & DECOR NYSE:FND - Apr. 4th, 2024
BUY/LONG ZONE (GREEN): $123.50 - $133.75
DO NOT TRADE/DNT ZONE (WHITE): $121.00 - $123.50
SELL/SHORT ZONE (RED): $110.50 - $121.00
Weekly: Bullish
Daily: DNT
4H: Bearish
Viewing this mainly as a short opportunity but keeping my eye open to the upside as well. Looking for bearish structure to continue to develop on the...
Something a bit different from the 5th wave pivot. This B wave pivot from the bottom range of a rising wedge may result in the formation of the top right shoulder of a head and shoulder pattern. Worth watching for two reasons. The b wave up and the c wave correction.
Raising wedge. Bearish
ABC elliot wave. Bearish
Head & Shoulder. Bearish
B wave target 129
C...
FLOOR & DECOR NYSE:FND - Mar. 3rd, 2024
BUY/LONG ZONE (GREEN): $123.50 - $137.10
DO NOT TRADE/DNT ZONE (WHITE): $119.00 - $123.50
SELL/SHORT ZONE (RED): $107.50 - $119.00
WEEKLY: Bullish
DAILY: Bullish
4H: Bullish
Of the last 16 weeks we have seen 13 of them finish green. Daily and weekly show massive bullish momentum and structure. Chart is a bit messy with...
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
NYSE:FND nice example of a pullback buy setup back to the base breakout level.
I only look for pullback buys either on top of a base (early stage) or within the base.
#study
NYSE:FND setting up a potential pullback buy setup inside its base.
Up/Down volume ratio have not recovered above 1 yes since the earning gap down but price reclaiming 50 MA on a good size pocket pivot bar is an indication institutions are accumulating here vs distributing the stock.
NYSE:FND nice cup with handle.
I bought the cheat of the 50 MA on the 29th and got stopped out breakeven on the 5th (dashes on the chart). So essentially I was part of that handle shakeout you read about in books :).
NYSE:FND business is growing at a very good pace. It is currently breaking out and is ready for good gains. Targets and price action are shown on the chart, stop loss at 90$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
No rising wedges noted in yearly chart
FND has broken out, pulled back and perhaps planning on going up again
NV is high
Short interest is low
Always pick an entry that works for you
The handle low provides support and last pivot low
Be safe
Just an observation
$FND with a neutral outlook projected after a negative under reaction placing the stock in Drift D with price trading on the higher boundary of the PEAD cone.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
