Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and...
Despite the recent pullback in the US stock market, I remain bullish on KSS. As shown in my analysis, there is a pretty clear bull flag patter formed in Kohl's price movement. The last KSS bull run yielded 250% return so there is significant upside should a breakout occur.
Not finacial advise, simply speculation (:
Good luck!
We've recently opened a LONG $KSS position using 2.59% of our equity. 💎
Macro framework
The U.S. stock markets have managed to stay on track with their outstanding bull run with less than 2 weeks left until the end of the year. It's true that we've seen some short-term spikes of volatility in the markets mainly driven by the uncertainty around the new COIVD...
KSS - Digitalization issues slated to be resolved by 3rd quarter
China production disruption caused by electrical outages only means stores need to order 3months ahead, KSS was on it on time.
Strong support @45, company with over 200 stores is still undervalued at $7 billion more run left to true value around $23 billion.
Up 173% this year alone, xmas edging...
Kohls reached a ATH at 64.8 and promptly did a A-B-C correction to high 40s. Since then, it is on wave 4 right now, at dual support of 50d EMA and 61.8% Fib retracement. Historically, it has respected 50d & 200d EMAs. I expect this dual support to work. In case it doesnt, expect a reaction from the 200d EMA which is quite close. Target ~ 60
Swing trade for a few days $4 DLLS move. Target 60.62 Elliot Impulsive Wave 12345 running from 4 to 5
Fib retracement at 61.80
MACD line about to cross signal line and turning green
RSI under 60, so still room upside
Kohl’s is the kind of stock that did great doing the value / reopening trend between November and April. But now it’s stalling and may be ready for a pullback.
The first major pattern on the chart is the bearish gap on May 20. It not only planted the stock firmly below the 50-day simple moving average (SMA). It also followed strong quarterly results, which...
Supply Zone confirmation
Uptrend Channel Breakdown + revisit
OBV<OBV SMA34
W%R crossed below -50
Short 59
Stop 65
Target 44
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan should be less than 1% of an account.
Long and short KSS
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
Kohl's raised earnings expectations heading into Tuesday morning from previous quarter. Revenue expectations are $6 billion, March 2020 was $6.54. The options put call ratio is bullish at .30 . There are 2200 $ 57.50 calls sitting in March 19 open interest. Good luck this week!
