Market is in a uptrend, price has been respecting 50MA with multiple retest
May want to enter in the next day open.
Price rejection candlestick pattern: most recent price rejection retested 50MA
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Great example of relative strength. Here is what I said when the setup was taking place --- "This footwear maker been showing some glaring resiliency to the market sell off holding strong at the upper rectangle chart pattern boundary for days while the market is dropping like a rock. For some reason, institutions are not selling this stock, at least not yet....
This footwear maker been showing some glaring resiliency to the market sell off holding strong at the upper rectangle chart pattern boundary for days while the market is dropping like a rock. For some reason, institutions are not selling this stock, at least not yet. Worth watching closely for a swing long and resumption of the upward trend.
Remember, there is...
Lands end is showing strong signs of bouncing off support. This is after the past few months have been showing a nice wedge / consolidation pattern and it broke out nicely. Good odds that this is the formation of an elliot wave (wow I'm finding a lot of these today).
Date found: March 2nd, 2017
Position: long
target: 20.54
stop: 17.89
Logic: Support, minor fib...
LEis forming a bump & run formation, followed by big insider buying in July. also looks like a potential fallen angel pattern.
We think it will start moving higher from here. For entry we would prefer if it declines a bit to 15.10 or closer. Our first target is 16.93, just below 23.6% fib level.
You can check our detailed analysis on LE in the trading room/...
![LE: LANDS' END, INC. [ LE ]](https://s3.tradingview.com/p/pk7PDbQT_mid.png "LANDS' END, INC. [ LE ]")
