See why here! Market is about to open so rushing through this one but hope this was helpful to keep an eye out for Happy Trading :)
Position sizing is one of the components of a trading plan, and it's important to be just as disciplined and consistent with this as with all other parts of the plan. Position sizing is defining how much we will risk for each and our objective is to consistently get the most profit with the least amount of risk. So, how much should you risk per trade? There is...
We have our proven controlled selling algorithms taking control of price after closing a HTF cup. We are looking for some liquidity to be built within these teal and orange selling channels and for support to be found at our buying continuation channels of magenta and green. We are waiting for an initial break of orange strong selling to then retest teal tapered...
In September we took a look at the setup forming with ASO and knew that this would take some time to play out. This week we have our first candle body above the the secondary downtrend and looking to reclaim the the primary uptrend. We also have a recent positive MACD crossover. Looking at the proportional range of movement similar to the last breakout...
NASDAQ:ASO is a very well run small cap consumer discretionary. They had a fantastic earnings this quarter and raised guidance. This is in contradiction to poor earnings from big box sports goods retailers NYSE:FL and NYSE:DKS who cited retail theft and weakening consumer demand among reasons for their misses. The weekly chart shows a strong primary trend...
NASDAQ:ASO is an excellent small cap in the consumer discretionary sector. They're very well managed, having been profitable with steadily improving fundamentals since their 2020 IPO. 12 month consensus price target is $67-68. ASO has bounced back from the low in June, forming a cup and handle pattern. While I'm typically not a big fan of cup and handle...
Seems to be trending up, heading to 38% Retracement, and maybe 50% SL placed under the Support Buy Zone.
The price is forming a rising wedge pattern with higher highs and higher lows. The price is still moving inside the pattern, once it breaks the support line it would be a good time to enter the short position. RSI is showing signs of bearish divergence. Target is shown on the chart.
Fundamentals: - ASO has been a strong performant throughout the 2022. We can see that even when the market has been struggling significantly, the stock has not budged, and held in a strong uptrend . - With a P/E ratio of 7.8 and P/S ratio of 0.7, it is one of the cheaply-valued stocks in the market. Despite the fundamentals of a value-stock, it provides...
I bought some of this near the IPO back around $15 a share. I cashed out around $28 a share. I wished I had held, it is now near $63 a share. Small cap sports retailer out of Katy, TX with superb financials and growth plans. 0.47 PEG, ROE of 41.71%. Solidly increasing free cash flow and margins. Solid and steady accumulation. $67.13 is 1.618 extension on...
This chart is beautiful but I think its time for this run to cool down. Setting short limit @59.01 and taking it down to about 51.92, and possibly 50.25. If it closes above 59.01 ill stop out.
This one actually fell off my radar due to a glitch in displaying institutions percent of float on finviz, but back on to ASO and I like todays signal so let see how it goes ... I wanted to leave allowance in my account to re enter EXTR and ABC or MNST but of these names only MNST is acceptable to reenter due to earnings so I decided that taking LW and ASO today...
Big break out today. Long term long here above those shoulders.
Academy Spots & Outdoors, a wonderful long time company that has been around years, and more recently on the market is fundamentally bringing in more gross revenue and profits every quarter. Fundamentally, this company is an A+ and is coming in with a 5.5 P/E Ratio. Technicals Wise, we are seeing ASO bounce off a very strong Triple Support Level. This is a super...
great risk reward for short position here in my opinion, we most likely move lower in the next few weeks. long trigger 47.90 / short trigger 41.68 drop a boost and follow for more! ❤ thank you :)
Great company. Potential future upside in ASO, excellent fundamentals