THG trade ideas

skykhan Updated 

1) I believe that the bullish wedge pattern (June-August) is still valid with the price target of 88. 2) Island Pattern, which is reversal and bullish. 3) Price to book ratio: 0.32 4) Insiders are buying the stock at these levels. 1st target: 88 2nd target: 104.85 (gap)

skykhan Updated 

1) Short trem trend support. 2) I believe that the bullish wedge pattern is still valid and the price target is about 88.

Blue_Eyed_Owl

Rocket is about to take off. Look at this weekly volume and candlestick in relation to recent history. This share is way oversold. IPOd at 500p and lost over 70% of its value from ATH due to untrue and inflated press reports. The business is doing brilliantly

Blue_Eyed_Owl

Its very close breaking to upside, if it out of here at close today then its a great signal for more upside

Blue_Eyed_Owl

Set a tight stop loss and go long as above, this trade has a potential of a 188% ROI in a short period of time. THG due rapid bounceback based on Linear Regression model, it should surpass the mean hit resistance and fall back to the mean

Blue_Eyed_Owl

Seriously its still going down? On no profit or revenue warning? What the f*ck. Anyway somepoint its due a reversal to the price mean when looking at the linear regression pattern.

01:41

andmk2

ABF - good results today and the market liked it. Enough to create a higher low and possibly a higher move in the channel/flag and maybe a bullish breakout? Time will tell.

Blue_Eyed_Owl

Following on from the wedge drawn in my previous TA on THG. Its adhering to it almost perfectly. Looks like the downtrend is over, this was always a smash and grab on retailers. Well done to all who didn’t capitulate. Strong recovery over Q4 should be what happens next.

Blue_Eyed_Owl

This wedge supercedes my previous idea as the line I drew was mis placed. This should be correct now.

Blue_Eyed_Owl

What happened to this share price is utter BS. I speculate there was a plan here to short and distort this share’s price ready for a future bait and switch on retail investors. I wouldn’t want to get caught out by shorting this stock, its already at its all time low. The upside is way more fruitful than the downside at this point. Fundamentals for this business...

Blue_Eyed_Owl

Gap down on the daily yet to be filled, strong volume crossover on daily timeframe. RSI strengthening on 4hour timeframe, stronger than proceeding bounce. Hammer at the bottom of trend on weekly timeframe, should be a strong signal, possibly shooting past the gap of the course of the new few weeks.