Analyzing the options chain and the chart patterns of DOOO BRP Inc prior to the earnings report this week, I would consider purchasing the 70usd strike price Puts with an expiration date of 2024-2-16, for a premium of approximately $2.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to...
(15/1000) Ascending Triangle for DOO on TSX. NOT Confirmed. Possible 83,62% gains. Pros: 1- Bullish Ascending triangle 2- Descending volume during formation 3- PPS above 50MA and 200MA 4- R/R ratio above 5 5- 250RSI above 50 and ascending 6- 50MA above 200MA 7- 50MA and 200MA ascending. 8- RS above 0 but flat Cons: 1- ATR flat, less volatile 2- Pattern not...
My strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
One way to guesstimate targets, is to take the pole and project it from the lower trendline of the flag. Not all bull flags break to the upside. but you can place a stop below the bottom trendline. No recommendation. BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products...
Potential entry above $62.50 target price $68.50
DOOO flushed out the buyers from the past 3 months and has now established a definable trading range. As always, manage risk appropriately.
Consider long on close above resistance. This is a recreational vehicle company. Most of us need an outdoor recreational vehicle NOW. Two targets given Lower one is from the positive reversal in the RSI. The higher from possible Fib relationships. You could use close above the current uptrend line as stop. Process your way.
BRP is one of the more interesting companies right now in that it manufacturers, designs (innovates) and produces high-end and lucrative consumer goods products ranging from a few thousand to over 15-20k on average: Ski-Doo's, Can-Am's, 3 Wheelers, Snowmobiles and other types of goods are in its portfolio. In-fact, many people probably purchase these goods without...
Bought 1k shares this morning for earnings and decided to sell it this afternoon, figured why risk it when it's already given you 5% in 5 hours? Not worth the risk on a thinly traded stock, 44k shares traded today and that's big volume. It might gap up big tomorrow though and get some follow through from short squeeze. Anyways, watch stocks for pre-earnings...