It's nice to see the RSI leaving the oversold area for NASDAQ:JAKK and rising. The targets for this stock are in red back to the 12 day moving average and the 29 day moving average.
I see there is some volume interest showing up and a 232 reversal in progress using the STRAT.
Analysis and Opinion based on my chart setup:
I have added JAKK to my watchlist for its upside potential. It's not in a position for entry for me, based on how I use my chart setup. Since it is a Renko chart, time is irrelevant so it could be tomorrow or next month before it's a entry.
My chart Indicator Settings:
Renko chart style. I set mine at 26 to play the...
Jakks Pacific, Inc. is an American company that designs and markets toys and consumer products, with a range of products that feature numerous children's toy licenses.
Those investors may short their long soon. When their do, it will pullback. That's when I will go long on JAKK.
JAKK has very decent fundamentals. The whole industry seems to be doing okay, leaving JAKK lagging behind.
If we look at all earnings releases in the past 3 years, they work the same way:
1) if there's a strong prior move up, the stock crashes on earnings release (even if it beats expectations 6-20%)
2) If there's a strong prior move down, the stock rallies on...
Looks ready to break out of its bullish Pennant Consolidation over $9.70. Very Strong Ichimoku Buy signal. Held and Bouncing off of cloud support after during turmoil. Setting up for a bullish MACD cross as well with VERY high Short interest over 34% with 16 days to cover. Recent ActivistHedge Fund position and Big Buy Back announced last qtr. Potential takeover...
