A; local favorite around here .. the JM SMUCKER company is paying a nice 3.0% yield on their div and has also formed a cup and handle pattern on the daily and looks like it's about to take off to break ATHs soon It had trouble breaking $135 last week, but it didn't crash like the rest of the market After reporting earnings on the 23rd and beating expectations in...
SJM is predictably about to begin an assent towards an ATH. You can see for yourself. Also, SJM beat analyst forecasts, so they will be making adjustments in rapid succession. I would venture to say, we are at a low right now, the likes of which we probably won't see again for quite a time to come. It's value. Bullish.
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to working out the support and resistance levels of the consolidation triangle.
*Possible closing of a trade before reaching the take/stop zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do...
I am very bullish $SJM. However, (mid day as of today), it's pretty weak price action. I'd like to test the best entries depending on varying systems. What is $SJM's personality?
Long term my target is still 138 by February 2021. We'll see.
Here's my original analysis.
Just look at this chart!
If you wanted to get an absolute filthy fill, you'd wait for that touch or break (wave E) to just below 112 then LOAD THE BOAT with Apr 130 calls (currently at $2.60, but you can get them for cheaper)
I see some volume on the 110 12/18 Puts that were bought earlier this month (when price was 117). I def think we're heading down then...
Hey my friends, SMUCKER(J.M)CO is in a fake bearish push we observe strong sales volume especially at the end of the session with attempts by aborted buyers. SMUCKER (J.M) CO has gone out of his zone of equilibrium but it seems to make a reversal to the level of last previous low point.
In this situation we can go to the top of the zone for the breakout and look...
I've been a very big fan of companies that own packaged food brands (snacks) the American people love. Especially brands that are being stocked in large quantities in times of distress, like a pandemic. Not only is playing good defense very attractive right now from a technical standpoint, it also makes a lot of sense logically when you think about risk. There is...
My name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a...
As SJM broke its minor downward trendline and came back down to a retest, a long position is entered with a tight stop.
Factors leading to the decision:
The small recent downtrend has been broken
The downtrend was broken after a few bounces off of major support that's been important for months
The 20ma was broken, pulling in moving-average traders off...
RSI moving over 50 ----- Double Bottom FORMED! Positive potential for reversal - Moving upward. It seems like a trend is forming to LONG. BUT a miss on earnings may STALL things a bit. 1.85 actual instead of the estimate at 2.00