AT A GLANCE
Simplistic Analysis: reversion back to the mean.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues.
Surprise-confidence on a scale of 0-5: 4
Analyzing the options chain and the chart patterns of THO THOR Industries prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $0.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Large double top structure on this daily timeframe
Looking for a downward extension to match the bottom trend line, completing the formation.
This would be a big move.
Looking at the THO Thor Industries options chain, i would buy the $60 strike price Puts with
2023-3-17 expiration date for about
$5.70 premium.
Looking forward to read your opinion about it.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $72.13
Target Price: $69.49
Stop Loss: $74.77
THOR is almost comlete a Flat Correction A-B-C
The fifth wave of C has Ending Diagonal
and the fifth wave of ending diagonal has another ending diagonal
The smalest ending diagonal is activate if the price break out 86.36
Then will activate the biggest ending diagonal and then one new motive wave will continue
Did Thor industries earnings beat give the stock a potential for upside?
Maybe
Now lets look, Thor has had some pretty heavy earnings beats for at least the past year, steadily increasing each earning. They as well had announced a share buy back, so that makes it look more enticing right?
Overall fundamentals look pretty solid right?
Now let's look at why...
NYSE:THO is ready for another leg up after positive earning. Long the breakout of the flag pattern, anticipated price action and targets are shown on the chart, stop loss daily close below 115$.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
NYSE:THO broke out of the double bottom pattern and is hoovering around the neckline. Anticipated price action and targets are shown on the chart, stop loss daily close below 11.2$.
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!
Hi everyone,
looking at volume and trendlines it seems that THO is ready to turn to the upside.
It's still possible a further leg down to the 100 level, however I would expect the price to finally turn up and hit the 2 POC levels before ending the 190 area.
Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.
A little late to this one, but still good upside ahead.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
- Positive indicators on Heiken Ashi and Fast/Slow...
There's a secret sector most people dont talk about and its the RV sector! Due to covid, its the only way to get away and vacation, lol. Thor reported earnings last week and said RV backlog increased by $4.31 billion, or 454.1%, to $5.25 billion at January 31, 2021, compared to $948.1 million as of January 31, 2020!! CWH - camping world holdings rose 30% just last...
