Key points :
Double bottom ignites the breakout
Breakout from the significant confluence area on high volume
Low volume + indecision
As you can see on the chart, that 3.00 zone is important. The stock made a new low and encountered that old level (circled on the left side) as a resistance a few times.
The breakout from that zone,...
Hi, today we are going to talk about Francescas Holdings Corp and its current landscape.
After reported a worse than expected EPS ( - $1.12) and sales results ($95.5 million miss the $119.31 million estimate) Francescas Holdings Corp has been under a bad momentum as investors got disappointed over the holding that operates a chain of retail boutiques that it...
some say technical some say, new investors.
couldn't find any news about it. but if you look at the technical side you will see an awesome break the support.
reply if you have any knowledge why this happened because I have no clue
Will keep growing no matter what Amazon (AMZN) do
Nice valuation (8,7x 2018 earnings), for a mid single digit growth company (Till 2016 used to be a +10% growing company)
Nice boutique company. Margins more easy to defend.
People like going to store for this kind of apparel, jewelry, accesories and gifts. Amazon cant penetrate to much here.
FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area.
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $13.93 or rally back up to $14.93
Francesca's Holdings Corp. engages in the operation of a nationwide-chain of boutiques, through its subsidiaries. It offers assorted apparel, jewelry, accessories, and gifts. The company was founded in 1999 and is headquartered in Houston, TX.