This week, we initiated a cautious buying strategy for NASDAQ:OLLI as it retracted to a strategic entry point, referred to as the low cheat for those who have read the Minervini books.
THE BUY
The buy signal was activated on February 20th when its price surpassed the peak from February 16th. Although our entry price at $79.18 was slightly higher than...
NASDAQ:OLLI
ℹ️ Timeframe -2 Week
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🩸⚖️ from Accumulation into Distribution and back Accumulation
🩸💹 Bear Head & Shoulders
🩸💹 Bear Double Top
🔴🟢Pivot 29-34
🔵🟢Bottom 6,8
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✔️Logarithmic (Log) Chart
✔️Logarithmic (Log) Fibonacci
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Ollie's Bargain Outlet Holdings, Inc. OLLI continues to excel due to its unique business model of "buying cheap and selling cheap." This approach, combined with cost-containment efforts, a focus on store productivity and the expansion of its customer loyalty program, Ollie's Army, has solidified its position in the market. The company’s success can be attributed...
can enter if price action turns positive here
Breakout and retest at support area/prev resistance area
RIS also shows that they want to turn plus volume is more than average
Pink link SL
Blue line first tp, sell 2/3 there and let 1/3 run
change SL to entry price if price goes to blue line
Analyzing the options chain of OLLI Ollie's Bargain Outlet prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $1.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read...
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!
