Go BIG with this one. It looks good on the lower time frame charts and could see some improvement on the higher time frame charts in the future. Weekly MACD looks good and so does OBV Monthly MACD looks good, but has yet to perk up.
But I added this stock to my watch list. No position
AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS. We try to enter into the correction of the uptrend movement. 1) Stochastic Oscillator Overbought ready for short movement. 2) Take Profit between 50.0% and 61.8% Fibonacci retracement. NOTE : ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK...
Big Lots looks like it could be a great swing play as it busts out of falling wedge. MACD is set up for cross and Stoch still shows oversold. Could follow this up to the upper side of the channel.
There is a correction on the way. William's % and the more the Vortex Indicator are perhaps promising more.
A simple idea, a new down trend has been established. After Reversal-Bar offers a short @ 41.50
If BIG can hold (stay above ) the 41.62 level before earnings AND THEN BIG gaps down into the red zone, should be quite bearish for a quick trade. Purple zone, I'm neutral with no clue what's going on.
$BIG has to surpass this serious resistance point in order to go higher
BIG bearish. Watch for some support around 42.00 but I think it has a great chance of making it to 38.28