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According to the Elliott Wave theory SJM is already made A-B-C-D-E waves inside symmetrical triangle Keep follow the chart and enter on the breakout
Just look at this chart! If you wanted to get an absolute filthy fill, you'd wait for that touch or break (wave E) to just below 112 then LOAD THE BOAT with Apr 130 calls (currently at $2.60, but you can get them for cheaper) I see some volume on the 110 12/18 Puts that were bought earlier this month (when price was 117). I def think we're heading down then...
Beware of Gap below price due to earnings rally Probable pull back Not a recommendation
Hey my friends, SMUCKER(J.M)CO is in a fake bearish push we observe strong sales volume especially at the end of the session with attempts by aborted buyers. SMUCKER (J.M) CO has gone out of his zone of equilibrium but it seems to make a reversal to the level of last previous low point. In this situation we can go to the top of the zone for the breakout and look...
I've been a very big fan of companies that own packaged food brands (snacks) the American people love. Especially brands that are being stocked in large quantities in times of distress, like a pandemic. Not only is playing good defense very attractive right now from a technical standpoint, it also makes a lot of sense logically when you think about risk. There is...
My name is Eric Choe. I am a professional trader with over 7 years of equities and cryptocurrency experience. I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world. I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading. I've been a...
Smucker ( J.M. ) Co Pending Order Placement Entry Placement 122.26 Take Profit Placement 136.75 Stop Loss Placement 112.60
Buy only above 118.75 target 119.75 target 121.55 target 124.55 SL 115.10 OR sell below 113.25 target of 110.25 target 107.55 TARGET 105.25 SL :116.55
Smucker (J.M.) Co Pending Order Placement Entry Placement 125.62 Take Profit Placement 141.20 Stop Loss Placement 115.23
As SJM broke its minor downward trendline and came back down to a retest, a long position is entered with a tight stop. Factors leading to the decision: The small recent downtrend has been broken The downtrend was broken after a few bounces off of major support that's been important for months The 20ma was broken, pulling in moving-average traders off...
RSI moving over 50 ----- Double Bottom FORMED! Positive potential for reversal - Moving upward. It seems like a trend is forming to LONG. BUT a miss on earnings may STALL things a bit. 1.85 actual instead of the estimate at 2.00
Would be a steal around 64$ IMO
SJM appears to be near in completing a Wave4 retracement of an impulse move lower. Looking for further price move down to 90-97.5 for a Wave 5 target of impulse bearish move.
weekly above 80MA , looks like a possible reversal to the upside
This 60m chart of SJM shows a decisive sell-off from 126 to 96 (20%+) between April and June. Even without knowing the larger degree wave count, it seems fair to label the move as a Wave 3 based on the prior structure of Waves 1 & 2, as well as the momentum measured by RSI. Technical indicators are typically strongest during Wave 3, which is evidenced by RSI...