Not an investment recommendation. This chart was made for personal study and personal use only. If you liked the idea, please like it. If not, write why. In my humble opinion, the price will go up.
Interest rates are already turning over and should increase mortgage applications which should prove to be bullish for this stock. Tiny homes and container homes will gain in popularity during this time and I believe TCS will benefit greatly from the new trend.
Weekly RSI has bullish divergence going all the way back to Dec 2016 + the last year is showing huge...
Weekly pattern presented. It held a KEY inflection point from April of 2020 with buyers volumetric confirmation. Notable bullish divergence on MACD and RSI oscillators. Huge upside potential, or bankruptcy. Targeting upside to 9.30
The Container Store on the weekly timeframe is potentially Backtesting the Spring of a Range and is showing what looks to be Hidden Bullish Divergence on the MACD at the PCZ of what would be a Bullish Bat.
Look out for this name to continue its uptrend back to $18+ after a nice falling wedge breakout. I would love to see a bit more volume as it continues its upward movement.
Potential traget: $18
Stop-loss: LOD 2/26
nice little trend channel/resistance breakout if we can cross 12.6, enter there with a stop loss at 10.9, my first target would be 15, then 20 if the top resistance can break too. goodluck to longs! feel free to leave questions/comments below and ill get back to you!
The Container Store Group, Inc. Announces Plan for CEO Succession; Satish Malhotra to Be Appointed CEO and President Effective February 1, 2021
1% CAPITAL
BEARISH Butterfly & BAT Strong POTENTIAL REVERSAL ZONE
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
rsi is showing an upward trend for The Container Store (TCS) and it is at a lower entry point on the 2 month trend line. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it =...
Container Store reported fourth-quarter profit of $15.88 million, or 33 cents a share, from a loss of $399,000, or a penny a share, a year earlier. Revenue rose 8.8% to $253.2 million while comparable store-sales gained 8.5%. Analysts surveyed by FactSet had forecast earnings of 30 cents a share on revenue of $243 million. Expect some analysts upgrades to follow...
Checked the google trends (Custom Closets) and it is uptrending. Last Q they got beaten due to lackluster holiday sales from some of the key marquee name stores. I am sure their focus has been on custom closets since then.
Will take a chance and add (earning is around the corner):
Jun 21st---10c
