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
SJM appears to be near in completing a Wave4 retracement of an impulse move lower. Looking for further price move down to 90-97.5 for a Wave 5 target of impulse bearish move.
This 60m chart of SJM shows a decisive sell-off from 126 to 96 (20%+) between April and June. Even without knowing the larger degree wave count, it seems fair to label the move as a Wave 3 based on the prior structure of Waves 1 & 2, as well as the momentum measured by RSI. Technical indicators are typically strongest during Wave 3, which is evidenced by RSI...
I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my...
WE BOUGHT THIS ONE @ $131.20 ON FRIDAY'S GAP DOWN AND WE WERE VERY PLEADES WITH THE CLOSE NEAR THE HIGHS. THIS MORNING'S RUN WAS MORE THAN IMPRESSIVE AND ALTHOUGH I STILL LIKE THE TRADE I ALSO KNOW EXCESSIVE WHEN I SEE IT, SO I SOLD THE 3/145 CALLS @ $2.25. IF I LOSE THE STOCK @ $147.25 VS 131.25 THAT'S FINE BUT RIGHT NOW THOSE CALLS ARE BACK TO $1.40 BID...OZ
![SJM: Buy THE J.M SMUCKER COMPANY [NYSE: $SJM] | 5.12.2020 | Eric Choe](https://s3.tradingview.com/z/zymN6zKV_mid.png "Buy THE J.M SMUCKER COMPANY [NYSE: $SJM] | 5.12.2020 | Eric Choe")
![SJM: Smucker ( J.M. ) Co [ NYSE: SJM ]](https://s3.tradingview.com/a/AMB2jg7H_mid.png "Smucker ( J.M. ) Co [ NYSE: SJM ]")
![SJM: Smucker (J.M.) Co [ NYSE: SJM ]](https://s3.tradingview.com/i/IbifNI8m_mid.png "Smucker (J.M.) Co [ NYSE: SJM ]")
