what does anyone think of this chart? did i draw my trends correctly? does FIVE seem to be in a neutral to slightly bullish trend consolidating between $178 and $192?
I've made all relevant notes on the chart. I will be interested if this can push over $205.28 (52 week and ATH) with some volume. Maybe this will get a run into earnings which are estimated to be out in early September (no date announced yet). Might be one for the watch list. Ideas, not investing / trading advice. From earningswhispers.com: last earnings...
Along with $ROST and $TJX budget retail has began to show some relative strength against broader retail
Trade in the direction of the move out seems to be the best answer. This is really not as difficult as it's cracked up to be sometimes. Once I can cure myself of the overwhelming desire to use the markets as entertainment instead of simply checking in and checking out... I think I might actually make a lot of money. ------ Ok, have a good day everyone.
working the ascending triangle. Breakout = long. Breakdown/sideways = short.
I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better...
This has been a little in the spot light with the amount of unusual put options that has been placed on this company. Premiums are expensive no doubt which leads me to believe there is a good expectancy of this going down near term. How near? who knows. 33% gain this year so far and since march of last year we have a 327% which isn't too bad compared to others...
Five Below forming inverse head and shoulders pattern (trend continuation pattern) and been holding up very well. Potentially setting up a nice long trade. Five Below Inc (FIVE)- OPERATES MORE THAN 900 TARGETED DISCOUNT RETAIL STORES IN 36 STATES AND OPENED 150 NEW STORES IN 2019-20.
What can I say? Stimulus = more spending on retail and FIVE is the place to go for young adults with all that extra money who like to save a buck. Price targets range from $156-$220 and while we may have a small market dip, retail will come out roaring once all the stimulus kicks in and jobs start to come back after the vaccine rollout speeds up. Not much data and...
Looks like it's repeating what it did at $130, MACD & RSI crossing up. It's getting volume and could lead to $200 in about a month. What do you think?
Rounding bottom and big volume this past day may precede a larger move.
The chart is bullish like all discount retailers but it's priced in after the recent run. A small retracement to 0.382 would result in a 142 level, hence the fly centered around 145. The cost is 1.9. #FIVE
Chart looking bullish/earnings are DEC 2nd AMC.. Long if earnings are received well.. Some say you should sell a stock before earnings. Some like to buy a stock before earnings if they feel very good about an earnings beat. We just never know how the market will respond to earnings. Market can be very moody. FIVE beats more than it misses, but they do miss. ...
FIVE has been holding the 131.5 level fairly well the past month, previous resistance which now acts as support. Multiple rejections off that level. I'm expecting a break out from this consolidation (a partially visible bull pennant). Optimal Entry I will most likely open a starter position on Monday if 131.5 holds. Avg. down later if it breaks 136.5 and possibly...
Beware of unfilled gap under price/May be able to get it close to gap if you want it Gap could possibly serve as support Unreal but weekly and monthly candles look ok NV is high/so is short interest..so be safe This stock can do weird things though..lol/Volatile/If I were to buy this I would only buy it after gap up is filled or very close/could be just a candle...
Potential entry above $117.50 Targets price $129 Potential resistance at Gap Fill @$120