double bottom

SFM is a grocery store operator stock, forming a double bottom, 6/25 up 2.6% with volume, remained up 8.6% for the week and was up 28% in 7 days around last earning.
SFM benefited online shopping delivery service during Covid-19 as costumers stockpiled groceries.

Note

have taken 8% profit at 25.75

Trade active

full position todayat 25.3

Note

stop loss was triggered around $25,
currently formed a bullish pin bar, sitting on the 50-day MA,
down .21% compare to S&P down .97%,
currently market looks bearish,
will follow a small position if market opens up green.

Note

13 July was a green open, added a position that day, was up %5 that day.
today had another green day up 6.6% in the weak market.
earning is scheduled on 29 Jul.

yasen362

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yasen362