In the first post(linked) i hesitated and was not suprised if the move fails as there was a higher chance the trade was not mature enough, as price unfolded and the structure is much more mature now, updated the analysis to the correct and current situation.
The best scenario (which i am expecting, as the price hints it) is to be able to breach the 21$-22$ major...
I started having weekly fundamental analysis in addition to my stocks analysis as a part of a project im taking part in, this week while searching for a stock in XLI i found JEC which had 3 positive quarters and a positive growth expectency due to contracts the company was able to sign, it aligned well with the charts and thats how this post was born.
CIM might easily be playing tricks on me, but if not... potentially a serious holder, similar to other emerging trend trades in my profile(MTG,TOL,A, etc). fingers crossed.
Lots of built-up potential with a strong eager will shown to emerge and break the major resistance early, i mention early as usually there are signs which should take place prior to the...
There are setups that are more then good enough and the odds are clearly in your favor, that not taking them is a trading error.
Still keep your risk adjusted, as any(!) trade can be a loser, just move on, risk management will pay your earnings later.
Clean setup at strategic zone.
Recent events in the industry with sector support are spiking several stock in the retail fashion field, ANF is strategically placed in this time and buyers are showing their interest at all-time-low.
For me, there are enough signs to support the attempt to build a position in the stock.
*Already holding in the fashion sector at AEO which also spiked and moved...
RGLD seems like a "good enough" option should the market enter a correction and Gold push higher.
Not my typical trade as i don't like the disharmony of the stock being traded in two markets which affect it differently, but an idea based on large markets often provide suprising results, should you choose to participate manage your risk and good luck.
Bough the possibly* weekly false brake(*will see at weekly close) on the support of the trading range.
Very similar to my previous MOS trade, will link to it for reference.
Hoping for a push higher and if closing above 80 area, a possible upgtrend follow-through, surpassing MOS trade results.
Although the entry is in the daily, weekly timeframe also merges soon, potenial entry zone for long distance runner, if not, still a valid early trend entry on the small daily-weekly time-frames.
hopefully the upcoming momentum will be enough to distance from current location and proceed to the higher timeframes trend potential.