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$64 stop. Risk/reward compelling
This one has broekn short term trend, it needs to close above 60 otherwise it becomes the new resistance.
I am not willing to bet against it right now I think it will recover but if the selloff continues support is around 55$
am actually looking for a good entry point to play the run up to earnings
Possible breakout.... Target $80
Sig will give results next week. It has been dow for a while, and now has move to a resitance level. I will play it with options, i will buy the 44 calls and sell the 50 put. all for june 15 expirations so i can have a nice butterfly and space to move either side. i think it will end around 47 or 48 ...
I'm not a good friend of Jewelry, neither of Signet Jewelers. Sad, but true... I had to move on 1 month chart to show you up!
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Now in the Consumer Services Companies I find this “falling jewel”
Signet Jewelers is the world's largest retailer of diamond jewelry.
If you look the past trend of this company, looks like it had better times but now it's is going through a bad time.
The ideas I share are for Traders and Speculators with a Long/Short opportunistic view of the market who adapt ...
This could be a nice double bottom swing trade. If this breaks $54 this could retest old support .
If this breaks or gaps below my enter line should be a nice move down. If it doesn't gap down but breaks my line I would wait for a retest of that entry line for failed support retest
SIG - bounce on multi year support line. Looking to go long around $50.- with S/L below lows. Good Risk / Reward trade. Patience is the key.
I kept my Elliott wave count up there from when I first posted it a week ago. It looks like my wave count is probably wrong. heh heh... SIG might still be respecting trend and bounce off the trend line so keep it on watch to see if it tries to make a up day on Monday. Have a good weekend!
As I wrote last night, we might be in a wave 3. It shot out of the gate and held most of its gains into the close.
SIG could be trending along a Elliott wave 3.
Signet matched its rival’s mixed performance in the last decade, gaining ground through most of the Dot.com bear market and then stalling out in the upper-30s in 2002. It rallied above that level in 2004 and dropped into a holding pattern until a 2006 breakout added just six points into the 2007 May top at $49.00. The subsequent decline did extensive technical ...
SUFFERING LIKE ALL US RETAILERS
Signet is a US mid cap with a leading position in mid-market jewelry retail. It has most recently been impacted negatively by the dull holiday season, and has generally paid the price of the weak US retail environment.
EVERYTHING HAS A PRICE?
The shares have been suffering, and are consequently trading at inexpensive multiples ...
weeks/months of potential upside?
Looks awesome if we break the cup & handle pattern because also we break the falling wedge exactly at 93.5... a hig risk reward ratio on this one, let see if the cup and handle works
This could present a decent long opportunity if the price gets to $80 level. There is a gap that could be filled at this level and provide a good opportunity
notes on chart