Breakout of the trendline-resistance after several rejections. In addition we have an RSI divergence signifying the return of the market. If we cross the 50 mark on the RSI and we possibly have a pull-back, we are definitely buying.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
JD Sports PLC is attempting to breakout of a strong multi-month consolidation zone for the fourth time. Why this time is different: 1. RSI has slowly normalized, with our pop above resistance today sporting a ~50 RSI; 2. Higher volume than previous 'attempts'; 3. Brexit talks getting more positive by the day. Any trade deal will likely give this steam to pop to...
By Sun Storm Investment Research A Profit & Solutions Strategy
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Just today, JD Sports Fashion announced it had agreed to buy California-based Shoe Palace for $325 million. JD has also just opened a new flagships store in Times Square, New York. JD shares were up 3.8% early Tuesday, making the stock the top performer in the FTSE 100 this morning. In other news today, JD, who was the last remaining bidder for Debenhams the...
JD Sports has a good history of trending well as we saw from the trend between December 2018 to May 2019. Price became exhausted and went into consolidation from May 2019 to September 2019 and the breakout in September was the first indication of further trends to come, which is what we are currently experiencing. This has not been the neatest of trends but...
JD Sports stock price is preparing for a pullback on the weekly. With the price got rejected at extreme optimism, more bears are being invited to drag the price downward N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Last post: See link below. Review: Price was in a period of consolidation. Update: Price is currently trading out of consolidation. Conclusion: As long as price can remain out of the consolidation zone, we should see a continuation of the previous uptrend. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our...
Last post: July 31st 2019. See chart . Review: Price was trying to break through resistance. Update: Price failed to break resistance and is now stuck in a period of consolidation. Conclusion: We need to wait and see if price breaks through the consolidation support or resistance level. Any comments or questions, do not hesitate to leave them below. Give...
RBC Capital Markets show high praise for this stock as one of the few successful overseas. Healthy growth and revenue projections value this stock at target 725. Currently tested and rejected at support level, good place for a buy or short if the level breaks. Good Luck!
Last post: September 12th 2019. See chart . Review: Price had been creating new all-time highs before forming a deep pullback. Update: Price is looking bullish again but there is a resistance level standing in its path. Conclusion: If price can successfully break and close above resistance then we should be presented with long opportunities. Any comments...
JD Sports possibly forming a double top, with MACD divergence, with also some exhaustion bars. Ideally a strong momentum will break the price below £600 and form a pullback.
JD is currently trading at the support of an ascending trend line. If you're looking for an entry now would be the time if you expect positive growth in the future. A break of the bottom trendline could suggest the start of a bear cycle.
Last post: September 3rd. See chart . Review: Price was making new all-time highs after breaking out of resistance. Update: Price is continuing to make new highs and still looks strong for long opportunities. Conclusion: We will be looking for long opportunities when we see another breakout. Any comments or questions, do not hesitate to leave them below....
Last post: June 30th. See chart . Review: Price was heading up towards the previous all-time high. Update: Price has now started to challenge the all-time high resistance level. Conclusion: We need price to clearly break through the resistance level and stay above it, then we can start to look for long opportunities. Any comments or questions, do not...
Last post: June 21st. See chart . Review: Price was approaching the resistance level. Update: Price is still on its way to target the resistance level. Conclusion: We continue to wait and see if price can break through resistance and leave the consolidation zone. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...