there is a support area confluence with trend line and ema200 u can enter after u see bull pressure and candlestick pattern .
the results of the company's financial information are acceptable :
market cap : 2.62 B
p/e : 12.47
p/s : 0.10
p/b : 1.64
peg : 1.73
Quick Ratio : 0.60
Current Ratio :1.50
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UNFI is showing an ascending triangle on the daily chart with a possible target price of 66.58$.
The weekly chart's Cup'n handle shows some additional potential gains with a price target of 73.23$.
The weekly chart of the sector to which UNFI belongs (Consumer Staples) is currently into a confirmed ascending Triangle with a possible total price action increase...
I was looking at $UNFI on 2H time frame and my chart tells me that a long entry if taken above $51.3 with SL at $48 will result in a decent profitable trade with 1:3 RR. I am recording this opinion for my reference. Feedback welcome.
This is a stock I would like to own for the long term. We seem to have overhead fib resistance sloping down and support below us on the orange fib ring. Earnings is estimated to be around December 5th. The last earnings pump sent us to >$50. The entry I'm looking to take is $35-$40.
Consider selling Jan 2021 $35 puts for $1.00 today. Lots of good DD our there....
UNFI is forming a cup and handle chart pattern after the enormous rally it stopped at a previous top from years ago and is now congesting the gains downward forming a handle. Keep in mind the chart being posted is a weekly chart, the handle appears much clearer in the daily.just something to keep an eye out for and watch for a breakout on the handle anytime soon.
From a first impression the stock looks great. The 50 day SMA is above the 200 day SMA, we are trading at ATH and ER (28th of September) was perceived positively from the market. We have an unprecedented spike in Volume corresponding to the 28th of September which would confirm the "victory" of this stock.
All good until we notice that we had the same situation on...
United Natural Foods released some good earnings today.
Caused enough volume to break through resistance at 41.50$.
Ascending triangle could confirm tomorrow.
Price Target = 66.58$
Stay humble, have fun, make money!
This thing has been sideways for like forever. I bought due to some fundamentals dd on reddit, holding calls which was up 20% at one point but now down 50% urgh. Can't see anything much from the chart (if you do please share what you see) I think it needs real good news to send it popping.
EN//// Price bouncing in strong support zone and in the MA 200. Candle with wick followed by a solid green candle lateralizing the market. It is located in the entry area by FIBONACCI levels.
A GAP of 11% on June 9 after earnings surpassing the estimate by 7.06%. The price will seek a recovery and close at least 80% of the GAP.
Looking at the chart, I see it approaching significant levels. Good consolidation and support makes this a overall bullish stock for me. However, the overall market could affect this as any large scale market correction would negatively effect the share price. As long as the market is in a neutral or bullish state I can see the stock reaching the target prices...
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After two hits on a prior resistance, solidifying its position, UNFI broke through this resistance and reached it again to bounce off it, Stop loss placed below new support line and TP just above prior highs, will contemplate selling at previous high
Contextual immersion trading strategy idea.
United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price...
Bullish Flag, confirmed (66PC)
Volume during post formation
Descending volume during flag formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
R/R ratio above 8
250RSI above 50
No volume at break out
PT = 43.97$
Help how ever you can to keep this alive.
Thank you to those who have...
High tight flag chart pattern forms when a stock rises over 90% (preferably 100%) or more in two months, then consolidates sideways for 15-25 days with a decline of no more than 25%. When there's a breakout of the sideways 'flag' on high volume , the powerful uptrend often resumes.
The entry point is either as the stock breaks the high of the flag or breaks a...