Sysco is coiling. Will break to either direction. Im leaning towards the $83.50 zone. However if it were to drop, I can see it going to $76.
Not financial advice. Good luck
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Sysco Corp. (SYY) presently testing long-term support, able to absorb monthly selling pressures.
From here (SYY) can turn higher to channel resistance, eliciting gains of 10% - 15% over the following 2 - 3 months, and gains of 20% over the following 5 - 6 months.
Inversely, a settlement below long-term support would elicit a sell signal where loss of 20% would...
Nice bullish divergence on weekly, on in fact all indicators I tend to use:
EFI, MACD-H, MACD lines, ATR channel divergence, EFI ATR channel divergence
Buy trigger bar, after latest red bar, price went down after open and then close way above, which is a bullish trigger
R/R:
TP1: 1:2. (1 ATR)
TP2: 1:3,2 (2 ATR)
E: 72.76
SL: 69.71
TP1: 78.87
TP2:...
The PEAD projected a bullish outlook for $SYY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
The PEAD projected a Bearish outlook for $SYY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Anything under this price looks like a good entry to buy and hold. Sysco is the main supplier and distributor to restraunts in Canada and is looking to keep expanding.
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Fundamental Indicators:
Sector – Consumer Defensive
US Business Cycle Stage – late cycle, when this sector is favourable
Revenue – not a consistent growth, 2020 and 2021 broken the uptrend, however 2022 TTM is considerably higher than the previous year
Profits – same as revenue
Net margin –...
The PEAD projected a Bullish outlook for $SYY after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $SYY exceeds today's high of $86.36 during tomorrow's session.
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $84.78
Target Price: $85.95
Stop Loss: $82.81
Certainly appears so, according to my crayon drawing... but in this market? I did not take the trade, not quite enough volume for me when my omnipresent device chirped for my attention... (Which means it has a greater likelihood of being a big winner because stocks I buy only go down and so on).
Anyways. I don't like that declining volume on the Weekly.
Today,...
