Long Z targeting 128 at the 2.618 extension of a two-year base. Presently sitting above 1.618 extension successfully crossed last week. In the next week or so we should likely have an answer as to whether the steep climb started from the July breakout continues, or whether the two year trend starting in Nov '18 proves to have more gravity.
Exiting if Z closes...
For the last month roughly, PD has been trading in the area between the 0.382 and 0.618 fibs from the peak on Aug 30 2019 to the depth of the COVID selloff.
Despite trying to punch through to the downside several times in recent weeks, with intraday moves below 25, there's plenty of supply around there and it's held rather well. It's catching support off the...
Yall really grinding out the salt on $SHOP based on valuation. OK.
Price action has pretty consistently lined up with fib extensions from the late-2019 range.
Massive gap up on earnings straight into the COVID selloff - where would it be if not for that? Well, probably right where it is today.
RSI(14) did not go oversold at the depths of the selloff, and did...
Recent slide in SBUX doesn't seem entirely connected to fundamentals. Signaling oversold, with MACD still pointing lower. Will come into contact with trend and 200d MA shortly. If support is seen around 56.50, seems like a target around 73 is not out of the question. If support not found, may punch down through Feb low of 54, or further still to retest Nov low around 52.
JWN is approaching it's 200d moving average once again, after some consistent moves higher after popping due to news that the Nordstrom family is considering taking the firm private again.
It's again trading above the rather tight band it traded in for most of 2017 before some weak news from other names in retail took others with it, including JWN.
Went long JWN...
