Entry when daily rsi breaks trend line support.
Reasons for short:
- possible double top formation
- bearish divergenge on rsi and macd
- major trend is down
- failed to break previous high
- less volume than previous top
Target = multiple fib levels conjunctions + app’s from previous corrections.
Time target optional, made from time fib projectIons.
—
This is...
As an exercise of basic trading, I identified in HASBRO shares (last 3 months) a bearish trend line, specifically in March. The trend line is drawn from March 19th to March 22th. However, if you can see the charts for 1 year, you can see it's the lowest point after December in a bullish trend line.
HAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
Hello Successful Traders,
The stock (Has) presents the ideology that the current PA (Price Action) is gaining traction for an in-dept bullish direction. However, as the all - time - high has been appointed, there may be an imminent trend reversal. Acknowledge the volatility of the market and await confirmation prior to market entry.
Resistance Level 1 - (109.00...
Prices marked and this is one of the nicest setup for nearing doubling the investment by time earning rolls in. Love this.
HA Jul 19th -- 30 calls
At your own risk.
Looking quite good here - MACD crossover, hit the double bottom.
Having a tight S/L makes this an opportunity for a 28% gain till resistance - and 55% till the next resistance if the first one can be broken.
Risk / Reward ca. 1:2.5 - 1:5
This is not financial advise - it's just a trading idea.
A confluence of harmonics and a possible momentum bottom.
Look for divergence between the oscillator and price.
Tight stop and RR of 2.4. Let the general market bottom first. Entry about 83.85
The variability is very high! Despite the price is below the 30MM, the 30MM's slope is positive. Theoretically the share is in phase 4, but the price may rise (high volume, 30MM+) or not (under 30MM, RSI down)
Hasbro breaking out of Daily Resistance. Nice chance of a continuation trade opportunity.
Share your opinion, comments and questions. Good Luck!
I will keep updating this post.
Hasbro, Inc. (Hasbro) is a play and entertainment company. The Company's operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world. The Company's U.S. and Canada segment is engaged in the marketing and sale of its products in the United States and Canada. The International segment is engaged in the marketing and sale of the Company's product categories to retailers and wholesalers in most countries in Europe, Latin and South America, and the Asia Pacific region and through distributors in those countries where it has no direct presence. The Entertainment and Licensing segment includes the Company's consumer products licensing, digital gaming, television and movie entertainment operations.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
HAS
![HAS: [HAS] phase 4 or phase 2?](https://s3.tradingview.com/h/hkTKYUwI_mid.png "[HAS] phase 4 or phase 2?")
