Hello traders, BIG LOTS is in a fake bullish configuration with low purchase volume made and one failed buyer's attempt. The TIMEFRAME M1 is in a bullish continuation with a large volume of purchases issued and is about to break the VWAP. It may be that the breeze in force big potential which goes up on its highest before session breakout a zone of balance and go...
IMO if $BIG is breaking the current support around 49$, will turn bearish!
We can see a big sell off all the way to 44$ and than possible 39$
Will keep monitoring this!
Hello everyone,
A good opportunity has been detected on the BIG LOTS stock.
After strong upward movement on the BIG LOTS stock, the price
found resistance on a 78.6% Fibonacci retracement level, pulled back
and is currently correcting to the downside.
We are expecting the price to reach approximately the 43.05 price
area, where we have a 23.6% Fibonacci...
I. Analysis
1. Stock in an uptrends- bias is long
2. Strong gap up on the 26.06 on massive vole
3. Short term downtrend has been closing gap ad prce is now leaning against 50 MA, already with 2 candles showing signs of rejection.
In short, we have an uptrend, price is leaning against a value zone (50MA converging with gap closure area) and we're just missing the...
$BIG broke the pivot last Friday with high volume. RSI is also over 70.
12 months Consensus Price Target: $38
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Bought in at $35 and then the market went manic depressive. Price is just under the lower upward trend resistance. If it cant climb above and stay there I will have to bail out, but I'm pretty confident a reversal is in sight.
Stochastic is about ready for reversal upward, RSI is in good position, but needs to reverse up.
Wish me luck, i may need it...
