TJX COMPANIES INC (THE)

Hey guys! I am buying this trade. As you can see form the chart that it it is a reversal heads/shoulders at the end of an impulse wave. Interestingly it is also the end of the C wave. It also makes a divergence at the bottom. I say this is a good buy. I am buying at the current market price for today. Entry: $70.40 S/L: $66.50 PT: $79.00

THIS IS ONE RETAILER THAT WHILE DOWN HASN'T BROKEN TO MAJOR NEW LOWS. THE AREA AROUND 73 HAS PROVEN MEANINGFUL SUPPORT. ON THE FUNDAMENTAL SIDE, THIS IS WHERE PEOPLE GO WHEN THEY DON'T WANT TO PAY UP AT $M OR $JWN. I FAVOR THE 7/75 CALLS NOW TRADING @ $.85...OZ

Nice little breakout...

$TJX

TJX long

Buy on dips in a stong long trend.

Short 73.85 Stop 74.01 Target 73.5 / 73.25

TJX forming a bear flag, it has a sharp drop & now consolidating. Money-flow has neg-divergence & going down in the negative side. It also has insider selling. We think it will decline from here & can drop as low as 73 You can check our detailed analysis on TJX in the trading room/ Executive summery link here- https://www.youtube.com/watch?v=OPkOREBTnYs Time ...

TJX trading range

If u don't like this number n you think the market will head south and retest August low $54 is your next dream entry but if you want to take advantage from these ugly selloff now seems a good entry.

into earnings Measured Move higher looks to 69.10. June 67.5 Calls active

Updated Target and Stop Lane Divergence

MPEL expected to open at 24.03 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com

Notes on chart.

Potential Double Bottom

Double Bottom Status: Closed Long Horizontal S&R: monthly Channel S&R: yes MA S&R: no Stochastic turn/crossover above 80%: no AO divergence >0= 85: yes Price Fib Ext >1.382: yes Next Earnings date: 8/19/14 Increasing EPS: no - missed Increasing Rev: no - missed http://www.estimize.com/tjx *stop 1 atr below swing low. ** first price target is 50% the move ...

Great buying oppt about to present itself

Update - notes on chart