Using supply and demand, on a weekly chart BIG is retesting a key weekly demand level. Using standard RSI, we can see that 40 has not been broken below. I will then go to a daily price chart to identify when negative divergence of RSI, that is price making a lower low but RSI making a higher low. I will time my entry based upon either a 240-min chart or a daily...
NYSE:BIG formed another continuation pattern and is breaking out. Anticipated price action and targets are shown on the chart, stop loss 61$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
The company's balance sheet will come today.The consensus EPS Estimate is $1.73 (+37.3% Y/Y) and the consensus Revenue Estimate is $1.54B (+6.9% Y/Y).With the decrease of the covid-19 effect, there may be a decrease in big lots sales revenues in a period when people will no longer leave their homes.
Aaron’s Furniture ( AAN )
Big Lots (BIG)
Croc’s ( CROX )
Lowe’s (LOW)
REASON: Retail - especially those brands less equipped to adopt e-commerce - was hit hard by the pandemic. Not only were people not visiting shopping malls or buying work clothes, but fashion as a whole was reduced to sweatpants and leisure clothes, taking many fashion retailers on a...
Big Lots ready to try and break thru a critical resistance zone. It has failed several times before; I will wait for confirmation before entering the trade.
BIG 1-2 Week Horizon
BIG - bull flagging. Price currently at 21ema and EMAs seems to be holding regardless of the sell offs going on with most of the market the past few days. MACD lines and histogram seems to be maintaining its bearish momentum and volume is low. Stochastics at oversold level. With all the selling pressure going on with the market plus ER this...
Seeing a cup and handle forming on the hourlly's. Weekly and monthly candles looks good and ready for continued strength. Liking all retail here like WMT, TGT, FIVE, FL, and more. BIG is one of the tickers that has yet to pop and is lagging behind the rest. BIG on watch for a quick swing trade.
Value investing is the pursuit of buying stocks that are currently trading at a discount to their intrinsic value. The idea being, that that discount is likely the result of a short term disappointment, and the share price will – in the long run – turn upwards toward its true value (making you a profit).
So how do you know if a stock is good value?
A lot of...
