The Stock (ASNA) has been experiencing a downward momentum for quite some duration (November 2018 - March 2019). Considering the current fluctuation in PA, there is a viable opportunity to enter a long (bull) position for the next 2 - 3 months.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your...
ASNA is a long-established ecommerce and store retailer, which appears to be solidly back in the competition in such a highly competitive space wherein companies often face operational challenges such as Sears,...
We just closed a nice 16% trade on ASNA, but I just looked at ASNA again and I wish I had seen this cup and handle forming sooner. This could breakout here and be a very nice play. Keep an eye on it, maybe wait until we get a confirmed breakout. Either that or just man up and buy some now with a tight stop. Good luck!
I am going to start charting some small cap stocks and leaving off crypto charting for a while until things pick up. Check out some of these ideas and I hope they make you $$$. Thanks and leave comments and criticism below!
Before the trade
It is sunday I am ok
this is quite classical pullback and the price could go up substantialy
it is a pullback time
After the trade
determine tha trend tof the stock and stick long with my plan.
that the hard stop was not set according to my rules, thats the stop should be put below the previous low.
ASNA has had a great bullish uptrend with unusual volume surges this week. It closed on $3.2 on Friday.
ADX sits above 30 with DMI + over 44 and DMI- at around 7
This is due to a positive earnings report by Macy's which may show that ASNA will also improve.
ASNA itself reported a net loss then expect loss via analysts but the tie between Macy and ASNA has...
ASNA TRADE IDEA GK PLAY - RESISTANCE BREAK ENTRY
Price action moved up on strong support from the 50, 20, and 7 moving averages, undergirded
by the 100 and 200ma's. Look for ASNA to break over significant previous candlestick
resistance at 2.27 for a play possibly to 2.39 and 2.47. Price action needs to stay above
the 7ma or a bounce off the 200ma.
ASNA is begging to exit the growth column (Not sure if thats what its called). the stock might still have an uptrend and people could make money, but it is reaching its turning point and could start decreasing so be careful. tell me what you think and have a nice weekend!
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock Trader.
For the short term I believe ASNA is rolling. My prediction for the immediate future is it will continue down to one of my two Support lines (either $1.95ish or $1.85ish). Once Ascena hits one of those lines I believe it will bounce and...
ANSA has formed a rectangle bottom. I am currently waiting for a breakout. That could take a while. Stock the have been battered and bruised like this one usually take time to form bottom....or they go bankrupt.
If you look at the monthly chart, the stock has broken a downward trend and the macd has crossed up. So that is good....
Showcasing market's brutal punishment following disappointing quarterly earnings today.
From Motley Fool: "Ascena is struggling with brands that are just not resonating with consumers. With a stock that's given up 90% of its value since 2013 but had recovered a little ground in hopes for the holidays, the market seems to have to no further patience for "fashion missteps."
ASNA seems breaking out forming a possible bump & run formation here with strong moneyflow index. We think it has good upside potential.
* Trade Criteria *
Date First Found- August 2, 2017
Pattern/Why- possible bump & run formation
Entry Target Criteria- Break of $2.73
Exit Target Criteria- $3.47
Stop Loss Criteria- $2.53
Please check back for Trade...
An ascending triangle is forming as ASNA rallies out of being oversold. ASNA was recently dump sold a whopping 32%. This change in sentiment can be explained through the company’s lackluster fundamentals: "A Q3 adjusted EPS of $0.04-$0.06 vs $0.07-$0.12 previously…Full-year adjusted Earnings/Share is now guided to $0.10-$0.15 from $0.37-$0.42 previously…Comparable...
Potential Long from support to Gap up resistance to $2.70
* Trade Criteria *
Date first found- June 15, 2017
Pattern/Why- Bounce off from resistance
Please check back for Trade updates. (Note: Trade update is little delayed here.)