Under 3 would be ideal but nobody is smart enough to nail this bottom. Its a $10 stock at the end of the day.
Big on big
Big on big
Big on big
If you havin' paper, and I'm havin' paper
How you gon' big on big?
If you havin' neighbors and I'm havin acres
How you gon' big on big?
If I got the Draco and you got the Sig
How you gon' big on big?
If I'm choppin' that...
Big lots has been getting beat up since 2021 and is slowly forming a strong bottom with a large multi month bullish divergence. Big lots has not been to this level since 1991.
Its also interesting to see one of the most notorious traders of all time, Michael Burry, is betting big on BIG.
#BIG has come to a significant level of resistance that includes a fib cluster, 100 symmetry level and a daily trend line all to the downside
I will be looking for a close below 6.13 before considering it
The structure looks to be that of a leading diagonal. This most recent drawdown is looking like the 2 wave downward. If correct, wave 3 should follow... This should target to atleast the 1.618 fib.
there's an inverse head and shoulders set up on both the 30min/1hr time frame. Focusing on the higher time frame, to better illustrate the trade set up. RSI below the clouds = bullish. 11% down day Friday, 100's of thousands of shares traded afterhours. I see a massive short covering as folks still holding short positions over a holiday weekend.
This year I am implementing Ride Trades, which are an extension of my Options Trades that have confirmed my trade hypothesis. This allows us to potentially earn more from a good hypothesis.
To further mitigate risk, I will first enter with 50k and once I see further confirmation I will enter again.
Despite the overall market bullishness. BIG's price is still...
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF BIG breaches yesterday's low of $31.82 during today's session.
Market just finished Elliot wave 1 to 5 downwards, we just hit our buy zone, we can either entry now or wait for a pullback back to the entry zone to get better R/R ratio, but we might miss a trade since market might not pull back.
Indicators:
AROON: On a weekly chart it is still showing a bearish momentum, but indicators are slow to catch up and lag, so...
Big Lots, Inc., through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday...
The support it's being tested for the past few weeks. Is getting weaker and weaker each time. Is highly probable that the price breaks down the support and confirms the HS. I opened a small position speculating the break through.
Falling on this trend line, with support, rsi flipping, just continued to beat earnings finally making itself a little uptrend, lets see if it can do that looking for a more bullish entry point
