NASDAQ:SFM is currently trading in a parallel channel and looks like it will trend down to attempt to retest the support at about $60.70 for a third touch.
Thoughts?
Sprouts Farmers Market (NASDAQ: NASDAQ:SFM ) has caught the market's attention with a remarkable 10.92% surge in its stock price following the release of its fourth-quarter results. Despite revenue aligning with expectations, the company's earnings per share (EPS) surpassed analysts' forecasts, driven by robust same-store sales growth and controlled new store...
Chart speaks for itself. On Log scale, this parabola was momentarily lost in June of this year and then recaptured. Could this go higher? For sure. I sold my position and will be looking to buy back shares around the 26-30$ range where the bearish divergence started forming. On the good side of things, this whole setup could become a gigantic cup and handle...
I've been following this stock way too much. Great fundamentals, growth, leadership, they are buying back stock... but somehow they've broken the $25 support (maybe they ran out of money to buy back?). At least it looks like that to me. No matter how I slice it I'm having trouble making a bullish case in the short term. However I'm still targeting $28 in the near...
We close below this range, I exit and reenter lower. We hold this level, we've cleaned out all the sellers and ride it. Enter at own risk. Biased with my sizeable percentage of shares.
It's showing some kind of bull flag/coiled spring, but it's not a fantastic picture. I don't really love it, and I'm heavily questioning everything I'm seeing. I can see why stimulants are so popular in trading/life in general. Without them this task is unenjoyable to the core.
Probably shouldn't post this, but just a little real-life energy comin' at ya. Man...
Chart pattern: Bull flag
Entry: 27.91$ (this would end the secondary downtrend of the correction)
Stop: 25$
Target: 33$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: ~ 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci...
The price have reached upper channel line (resistance) and due to market condition can
a) form a handle of a cup and than go higher or
b) break the line (after break retest may happen)
and than long based on measured move
or
the price can't break the resistance and rejection will be a downward move to the bottom line of the channel.
One should notice that...
Hey guys, SPROUTS FARMERS MARKETS is in a bearish dynamic fake with a large buy volume executed and a large upside hammer candle. The TIMEFRAME shows a hammer candle with a fable buy volume issued, it came to give up the base of the bollinger. To go to the highest point, do a final test of it, then she goes to the VWAP and ends up on the top of the balance zone...
Bollinger Bands getting tight, signaling a possible breakout soon. Heavy buying volume throughout the last week.
A move up toward 21.50 would confirm the trend change from consolidation to bull run.
Long Sprouts!
