Technically, I see an ascending triangle going into a gap straight thru to $49. Technicals aside, this is a great social trade. They make affordable jewelry, and that's something I'd like to play for Valentines day.
Attempting to break above the 0.236 Fib which would be a major step forward for the stock.
Targets as per the chart , with particular attention on the Gap fill.
Targets for continuation in SIG as per resistance levels.
50MA is our stop loss level.
MACD attempting to reverse
Histogram about to turn positive
Stochastic in bullish trend.
GAp fil the main target
HHs HLs
Long term uptrend intact
nice little area of consolidation
R/R = 2:1
look for a break thru $28.68 and first problem area will be overcome - I would view that as very bullish i.e. add more
Beautiful move from SIG in the last few days and having broken through $20.00 we see
much more upside as long as the market remains strong.
26% short interest can also add fuel to the rally.
targets as per chart and support as per the parabola curve.
SIG is the leading retailer of diamonds worldwide and especially in the US. Since 2018 the company is not profitable.
Surpassingly, in q1 2020 it showed promising results with earnings equal to 76.2m USD and profit margin at 1.2%. Such a move was fuelled by online sales improvement and inflation fears across world.
However, in q3 2020 the enterprise has...
Hey my friends, SIGNET JEWELLERS is in a fake bearish continuation with low sell volume, it is looking to turn around. See the TIMEFRAME 1 Min where the reversal takes place, it is at the beginning of the bullish gap. Great likelihood of returning to the consolidation zone to get to the top of it. And the breakout to go in the direction of the last highest which...
Signet managed to rally last week despite the market meltdown and post earnings selloff.
Guidance was encouraging and earnings well above estimates.
Could be a great hold in the longer term is we get a sustained market rotation.
Targets as per Gap fill and Fibonacci levels.
Alert set for break above $15.50 & Fibonacci resistance.
Potential targets to horizontal resistance $17.66
Fibonacci Golden pocket $18.50
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