Retailer leader. New 52wk highs. Multiple basing patterns. Ready to make a move. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Notes: * Strong up trend since March 2020 * Good earnings in the recent quarters * Basing for the past ~15 months * Broke out around the end of May but pulled back to its 200 day line * Currently breaking out of historical resistance of $29.85 with higher than average volume * Next historical resistance comes in around $31.38 Technicals: Sector: Consumer...
Notes: * Strong up trend since 2020 * Great earnings in the recent quarters * Pays out dividends * Creating a base for the past ~14 months * Recently bounced from its 200 day * Pulled back to its 50 day and is now showing signs of recovery with volume * Historical resistance comes in around 29.85 Technicals: Sector: Consumer Cyclical - Footwear &...
Notes: * Strong up trend * Great earnings * Breaking out of a ~13 month base with higher than average volume * Forming a bull flag Technicals: Sector: Consumer Cyclical - Footwear & Accessories Relative Strength vs. Sector: 2.2 Relative Strength vs. SP500: 3.32 U/D Ratio: 1.52 Base Depth: 56.68% Distance from breakout buy point: 2.22% Volume 45.81% above its...
If it can break above some potential targets are 36.81-43.14, but a rejection here can send us back to 18-24 supports. not too clear which way we are headed yet. wait for confirmation
Uptrend 1-2-3 waves created. 8.64~8.71 is critical support zone.
Hello ! I am so excited for the week ahead. Key points : Breakout after consolidation + spike in volume Volume on uptrends is higher than on downtrends First pullback after breakout (61.8% Fibonacci retracement) Holding support despite the fact that the overall market was down on friday Context The interesting thing on this chart, is that before the...
Cal has established a bullish daily breakout with a strong candle bar and good volume offering an opportunity for further gains. The stock is in a strong bearish trend in the Weekly and Monthly Charts. However, we may still trade the bullish momentum for a short time.
Wiseguys built 2k OI in Sept 25 calls on weekly lows. Already doubled from .75 entries.
guys, the cal is forming a potential bat pattern these days, we see a stagnant on the high level, a reversal pattern may be generated, watch out for the direction chosen move. good trades guys.