AOBC retracement offers buying opportunityAOBC opened way up, around the $10.00 level, and then retraced a lot further than I expected, to support at about $9.37. This is a good price to grab for a likely slow gain throughout the day. AOBC posted a great earnings beat yesterday, but mixed guidance-- thus the retracement.
E-retail
Chewy downward triangle breakout, at high volume supportChewy made a downward triangle breakout and will consolidate for a little while. It should find some support at this price level, which in the short time since its IPO has been a fairly high volume level. However, Chewy's fundamentals don't check out. It's an unprofitable company and doesn't appear to be making progress toward profitability. It may breach support and fall further.
156p - 200p targets - low mcap £14m with trading update soonA lot of last results have been priced in for some time now.
Progress has been done by company recently & they are ready to post a trading update very soon most likely this week.
recent bullish divergence
BoD have been buying as of late
Looking for at least 50-100% here, hopefully trading update will catch many by surprise.
Hibbet Sports at SupportHibbett Sports is at the bottom of a downward sloping channel, but it's at a support in the 19.15-19.29 range, so I think we'll see a short-term rebound. Hibbett has pretty good analyst ratings and is undervalued based on its P/E and expected earnings growth.
Lululemon - Wait for pullback to bottom of channelLululemon is looking like a good long bet, with a recent earnings beat, bullish analyst ratings, and an upward-sloping parallel channel. I think its current upward curve is hitting trendline resistance, however, so hopefully we'll see a pullback to the bottom of the channel that will afford a buying opportunity for a long position.
RH testing supports from May; look for upward triangle breakoutRestoration Hardware, which gapped upward on an earnings surprise a few days ago, has been in a sharp downward triangle ever since. Today it's testing a support zone from about 105.30 to 109.60. I wouldn't be surprised to see an upward breakout from the triangle, especially considering the strong retail sales report the Commerce Department released. To be honest, I'm a little surprised RH has stayed in its triangle at all today.
Revolve approaching a decision point tomorrowRevolve has formed a triangle chart pattern since its IPO a few days ago. On upside breakout, look for confirmation above $41.61 resistance level. On a downside breakout, look for confirmation below $36.74 resistance level.
Tomorrow is a historically bullish date for stocks, so perhaps Revolve will break out upward simply on seasonality. Citron, the only analyst to opine on Revolve, has set a price target of $50. Downward consolidation is the alternative. In that scenario, Look for a slow slide down toward secondary resistance at 30.65 as the price consolidates before its next upward gap.
Stitch Fix (SFIX) Top Triangle Chart PatternStitch Fix appears to be in the process of breaking out above the top of the triangle it's been forming since it gapped up after its recent stellar earnings report. Look for confirmation above 29.36 resistance level.
PVH BUY OPPORTUNITY- LONG POSITION Currently at major support zone
MACD Crossover into positive zone on D Chart
RSI currently at an oversold level, historically jumps
BULLRINGANALYSIS--> FOLLOW FOR MORE POSITIONS
TRX BTC Breatk out at the bottom of a massive wedgeThis has been a MASSIVE wedge being built for some time now. IS THIS THE BREAK WE ARE LOOKING FOR?! BITMEX:TRXM19
$RBZ All Lines Leads Towards a Breakout By Tuesday or SoonerTracking...$RBZ Has Several Wedges all lining up From the Tops and Bottoms of the Most Recent Breakouts all the way to the most retail candle towards a pinpoint and possible breakout within the next couple business days without news. Loaded and ready for a possible massive mover as it has moved several 100% on a handful of occasions in the last 3 months alone.
$RBZ Prepares For Possible Massive Breakout Fllwng NASDAQ Newswww.otcmarkets.com
Transfer of Listing.
On May 2, 2019, the Nasdaq Hearings Panel determined that Reebonz Holding Limited (“Reebonz” or the “Company”) evidenced full compliance with all applicable requirements for initial listing on The Nasdaq Global Market. As a result, the Company’s ordinary shares, which are currently listed on The Nasdaq Capital Market, will be transferred to The Nasdaq Global Market effective with the open of the market on Friday, May 3, 2019.
1 Month PPS Target set for $15.00-$20.00
www.reebonz.com
www.reebonz.com
www.americanbulls.com
Thursday's retail sales day and Friday is a day offThe latest news on Thursday. About the publication of the United States retail sales data. Unexpectedly, for most people the data turned out to be much better than forecasts (+ 1.6% m / m with the forecast of + 1.0% m / m). Recently, the US is not very pleased with macroeconomic statistics. So, everything is completely mixed up and it is difficult to say what is really happening with the US economy. However, the Dollar Index is too close to local maxima to buy a dollar. So we continue to look for points for its sales on the intraday basis.
Canada posted quite good retail sales data (+ 0.8% m / m with a forecast of + 0.4% m / m). But in the battle of two dollars, the American turned out to be stronger than the Canadian.
The UK decided not to lag behind and also showed growth in retail sales (+ 1.1% m / m with a forecast of -0.3% m / m). However, this did not help the pound much, and together with the dollar, it set off to storm the support of 1.30.
Another reason for selling the euro has been provided by Germany. The PMI index in the manufacturing sector in Germany was worse than expected and well below 50 (44.5, with a forecast of 45.0), which is a negative signal for both the largest economy in the Eurozone and for the European single currency.
Meanwhile, in the United States the number of active rigs has dropped sharply again. According to Baker Hughes, the number of oil installations for the week decreased by 8 to 825 pieces. Such news has supported oil. However, it is still at the local top. Recall that while oil (WTI brand) is below 64.50, we will look for opportunities to sell the asset on the intraday basis.
Today will be almost a “day off”. US, UK and German markets will be closed. This means a low level of liquidity and a “thin” market. Accordingly, the probability of sharp and unpredictable price fluctuations sharply increases. Therefore, it is worth being extremely cautious in order not to run into another flash crash.
WMT Rolling Over AgainCould not sustain its H&S breakout, and looks to go lower to build momentum for another move up. Target 97-100.
THE FOSCHINI GROUP (TFG) DAILY TIMEFRAME SHORTThere is no magic crystal ball here. Whether you are on the daily timeframe or 4-hour, the stars are aligned baby! The price for this stock is moving in a clear range with the support at 15 760 and the resistance at 17 825. Now we can see a bearish candle start to form at the top, and a second closure of a bearish candle will likely be my trigger for the trade. A more conservative entry would be to enter when the third bearish candle moves halfway the length of the prior candle.
It looks like a good opportunity to buy in bigger time frameson the daily and weekly it just hit the support level of the retest
Gbpcad Potential short Gbpcad clean and simple short, we might see a stop hunt to the highs first before the midweek reversal comes in. patience is key for this pair as we saw a lot of fake confirmations on the 4hr chart.
This is drawn on a weekly chart.
XAUUSD SHORTfor Ideal Swing Traders
Ideally this scenario is backed by sentiment towards gold. XAUUSD is falling from a Weekly supply zone, acompanied by a strong BEARISH ENGULFING bar on Weekly timeframe.
Suggesting a strong push towards the downside.
RMI Is About To Make A MoveRand Merchant Investment (RMI) Holdings is an investment holding company with a portfolio of insurance and investment products targeted at the commercial, corporate, retail and public sector. The group’s history can be traced back to 2010 with the spinning off of insurance assets from Rand Merchant Bank (RMB) Holdings, FirstRand and Remgro. RMI Holdings shares were subsequently listed separately on the Johannesburg Stock Exchange (JSE), although RMB Holdings and RMI Holdings still share the same management team.
Technicals
On the weekly time frame, we can see a corrective structure formation, indicated in pink. The daily time frame, indicated in blue, shows a 5 wave corrective structure which has completed. This would indicate that there should be a break to the upside soon. This break will be the start of wave 4 on the weekly structure.
Massive ER Play - Lowe's!!I've been watching Lowe's since early Feb and I think there is potential for a big move leading up too/after the ER on March 1st.
It's been running in the green for ~8 days and the RSI indicates it's oversold.
It's currently hanging out on the 0.628 Fib lvl, could see it gap up to 0.786 or 1.0 Fib lvls (~$111 and ~$117)
The support levels are at 0.5 and 0.382 Fib lvls (~$101.5 and ~$98). Giving us a P/L Ratio of 1.7
