stop loss/long trigger is the 72-73 level... volume decreasing and approaching strong support! on the break of 55.76 we can look for quick dump to 48.7-36.9-25.19
$OLLI looks like it has broken out with both higher low and a higher high. This may be entering an early stage 2 which is where you want to be. I am already long this position and will be adding if we can make yet another higher high then another higher low. TBD. See chart for analysis. Ideas, not investing / trading advice. If you make a trade in this, make it...
Nice stage 1 shifting absolutely beautiful into stage 2 possibble pullback reentry if stop loss get hunted. Emotions IN CHECK. Rules are followed strictly. Always remember trading is a game of probability. A+ setups only.
The asset has now arrived at a great load-zone with potential for a swing to the following targets. The recent volume on the current support also indicates a good zone for the bulls.
Ollie's has been beaten down for a while now. Sitting at $65 is pretty cheap. It has a buy rating through my firm and personally I think its a good business model. I really like TJX, AMZN, and other retailers but I do also enjoy finding cheap companies. Be careful with the recent rise in rates that could cause this to drop further. GLL!
Descending Triangle on ticker symbol OLLI. Please do your own DD before buying any Shares/Contracts of $OLLI.
PT 1: $70, PT 2: $65, PT 3: $62.5
This is not financial advice just my opinion.
RSI is oversold....
Mac D losing momentum?...
Waiting for retracement.
Got two parabloic SAR's on the daily...
What do you think?
Like Follow Agree Disagree!
RSI is oversold...
Mac D losing momentum...
Price currently at a strong support...
Financials are decent....
Waiting for a small retracement.
What do you think?
Like follow agree disagree!
Hey guys, OLLIES BARGAIN OUTLET HLDGS is in a fake bearish setup with some sort of upside down hammer candle and low trade sell volume. Zooming in on the TIMEFRAME M1 we observed a marubozu with a large volume of purchase issued, it is in full breakage of the base of the bollinger to get to the highest of it. In order to go and test the VWAP and sit on the top of...
Possible IH&S volume came in did break out and looks like a retest on the weekly time frame, may also look like an ugly cup and handle overall looking it if that level can hold if not its a nice short to the .5 Fib, indicators aren't telling me much but the chart does look nice!(edited)
January 10, 2021
