1BJ trade ideas
My Test PortfolioThis is a portfolio I created using a Price^2/(Earnings*Sales)
After applying some basic filers (2B+ MKT CAP, AVG Volume>1M, & USA companies), I then calculated the P^2/(E*S) by Multiplying the P/E * P/S. I went long, the lowest 10 values, and Short the highest 10 values.
The idea here is that the market will experience a lot of rotation in the coming year from momentum names to value names.
BJ🌦This is an example of a chart with no apparent pattern. Just have to wait for something to appear.
BJS WHSL CLUB HLDGS PostHey people, BJS WHSL CLUB HLDGS is in a fake bearish configuration with a large buying volume and a falling leg water carrier candle. On the TIMEFRAME M1 we can see a marubozu with a large volume of traded purchase, it is in full break of the base of the bollinger. To go to the top of it for a possible test, then it will go towards the top of the stabilization zone before the VWAP test will be in progress. Big potential to breakout the price with the momentum at the same time the zone to go in a new one and to land on the next high. With an attempt to come and test the pre-session floor, but no signal currently to access a check from the top of its bullish channel.
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$BJ Bounced off VWAP and Closed Above the 50 SMA. Bull Run!!!Strong channel breakout + above 50 day moving average is a great sign. Congrats to the Bulls who timed it perfectly. If the 50 SMA holds, this could run higher.
The RSI is just above 60 and earnings announced Feb 18th (per Earnings Whispers). My profit targets are marked on the chart (dashed lines)
BJs UptrendI see an uptrend. What do you all see? It will pull back to $36-33 but cant break below that.
Undervalued Costco competitor at strong supportBJ is Costco’s direct competitor and it’s highly undervalued. Just visiting any Costco confirms the success of the model from an outsiders POV. From a fundamental position, it’s debt to equity has been shrinking over the past several years and cash flow rising. Technically, it’s had a long run down looking at a daily candlestick chart and it’s hit a support line at around $38 where it wants to reverse at least until around $41 for a head and shoulders pattern.
BJ's I shop here :)
This isn't financial advice, but rather just a way for me to track my performance as I learn
BJ at bottom of channel and VERY oversold on 1 hr RSIBUY BUY BUY. BJs at bottom of channel, oversold and expect killer earnings from this growing COSTCO competitor.
Look out Costco!I think BJ$ is a huge grower in this category where Costco has all 50 states and has not much growth in store i feel BJ$ is a great Long term hold Big BOX is the one thing Amazon Cant compete with Family Luv them and they are transiting nicely to online sales same day delivery also . I like the Technicals of this consolidation is nice above the MA and BB Bands Squeezing looking for a break of them and move upward.. but im LONG term holder on this...
Testing the resistance$BJ still testing the support. RSI and MA5 are moving up. There is still some selling power on that.
Watching
How To Trade Extended Stocks? TJX & BJ 05/21 Case Study!Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...).
Takeaways from the video:
1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here.
2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria.
Hope this helps you next time you see a nice gapper and possibly saves you some frustration!
Tom | FINEIGHT
$BJ long swing ideaAlready long 50 shares @ $24.37 with $22.37 stop loss. However, looking to add over $26. My stop loss will then be $24.50 and my target $28
