Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 21.2/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Analyzing the options chain and the chart patterns of ACI Albertsons Companies prior to the earnings report this week,
I would consider purchasing the 23usd strike price at the money Calls with
an expiration date of 2024-2-16,
for a premium of approximately $0.92.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Hello, fellow traders! Today, I am excited to present a trade idea that focuses on capturing the potential upside by targeting buyside liquidity. This opportunity offers an enticing entry point and takes advantage of sellside liquidity on the M15 timeframe, ensuring a favorable risk-reward ratio.
Based on careful analysis, I have identified significant buyside...
Nice little ascending triangle formation after a big gap down. Locking in some profit at 24 bucks and moving up stop (price action resistance and the 200 SMA will be right in that area as well) and will take some more around $27. After that if it still looks like it has legs I'll trail a stop. 1.5% risk on this one.
Hello,
Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, the company is the second-largest supermarket chain in North America after Kroger.
First Quarter of Fiscal 2022 Highlights . First quarter of fiscal...
Bearish
- Double tops
- Inverse head and shoulders
- Inverse cup and handle
- Bear flag
- Broke down neckline
- Broke down trend line
Everything bearish appeared here.
“A quitter never wins and a winner never quits.”
Potential long setup in case today was a fluke. Not betting on it, but always open to possibilities. Below $28 & you can scrap this idea imo. Bearish RSI divergence noted.
Enrico likes this trade so much, he is calling it a Good spot for a 10 ema swing strategy. I like the volume, location, candle, company, pumpernickle bread... get that discount.
Earnings are scheduled to be announced on the 28th for ACI.
Very poor technical setup for ACI, anything less than a phenomenal earnings report should send the stock tumbling down to support at the 21 level. I'm entering a short on ACI as soon as I see a retest of 26.00 and then a follow-up confirmation of lower price action.
Bearish
Fundamental
- High inflation macro environment / weak sentiment
- Funds Distribution
- Decent PE
- Negative PEG
- Decent P/FCF
- Strong Industry
- Supply and demand playing catch up ( over stocking )
Technical
- Momentum Theory Indicator - bearish divergence on the daily
- Price action formation ( rising wedge ) = diminishing bullish momentum
-...
Nice bear candle closing above the 10 ema. ALSO, this was a bear candle that gapped up and closed into a bear candle. Calling this one a bear shat. ;-)
Let's see what happens. People have to eat?
....................
sell
▪️dlinaya uzkaya protorgovka
▪️podhod k kruglomu chislu malenkimi barami - razvorot
▪️3 bara protiv trenda - razvorot
▪️AO v zone
...................
ACI reporting earnings of 0.75 (+0.11) with another earnings beat.
Strong technicals show a good bounce from an initial gap down.
● Bouncing from the 50 and 100 MA zone
● Bounce from 0.5 Fibonacci level from the January low to March high
● Gap down to fill. A similar gap down was observed and filled at the end of march
● Gaps are also nicely positioned...
