The PEAD projected a Bullish outlook for $LW after a Negative Under reaction following its earnings release placing the stock in drift D
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➡️Inter-market analysis: XLP 👇
I think we should expect a minor pullback during earnings as indicated by the chart.
***This does not constitute financial advice.***
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Hey traders, LAMB WESTON HLDGS is in a bullish push with a high volume of executed purchases and a rebound of buyers on the VWAP which catapults this stock. On the TIMEFRAME M1 we observed the same candle take off from the VWAP with an explosion of volume in purchase at the end of the session. It is in full test of the high potential breakout comfort zone the...
We are looking for the wave continuation toward November highs. Could be helped by any good news on reopenings although the Model doesn't care about the reopening debates because no one knows how this will play out. Just playing the odd
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model...
the daily chart shows that it will experience a downward trend in the next few days with a very high probability but at the same time it is better to be vigilant of the change from the direction to the opposite
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Virus or not, people still need to eat and with all the hoarding going on, food manufacturers have no issues selling their products.
Not to mention everyone's looking for a job and fuel and transportation are cheap right now.
Taking a stab at some calls for earnings BMO tomorrow.
$LW has bottomed around MAY-JUN'19 and since it has traded upwards forming an ascending triangle, with resistance line around 83.86
Last week has broken AND CLOSE above that level on the back of better than expected earnings
All this would have been great if the MACD and RSI were not that high into overbought area
Ideally look for a retrace and possible retest of...