One bottom, two bottom, three bottom, four. Five bottom six bottom..Do dooo doo dooo... BTS could be about to pop. Who knows? Good luck.
Strong Buy $28 Strong Sell $140
MACD, Stochastic and RSI all reversing and bouncing off the top of the bollinger band. Opportunity to short on the pullback. Price expected to drop to $132 where the 50day average is and if it breaks that support, possible drop to $120-122 region on the trendline support.
This is my analysis considering the support and resistance levels. Theres a 1.21% upside before we hit a little resistance.
FIVE seems forming a potential fallen angel setup. It was recently discussed on the trading-room. This already declined a bit from its original entry discussed. However, still looks good as a short setup. We think it has good downside potential.
Five below is a growing company that is going to help fill the Toys R Us void that has happened. Amazon is pushing to fill the void as well. However FIVE specializes in a market that is hard for Amazon to compete in. With earnings coming at the end of November it could be the catalyst to propel it to 180. If not it will be the earnings in February for the holiday season.
Five wave move up with running and expanding flat in the middle.
As you can see drawn we are at an important resistance level. I believe a pull back to $44 or further is warranted after a drastic run up on price and high PE. RSI Showed quite overbought and after hitting these levels the prior two times we saw a quick decline. This is one stock I'm short of.
This pair has appeared rather volatile as it enters consolidation. The 5-O movement dictates that there should be a bounce north at 0.74555. As you can see, this falls within pips of the pivot point where price has previously found support resistance! Starting from the top, the points are identified as OXABCD. By buying it at the D point, we are holding the trade...
This could be a great reversal or just some silly pattern. We are in a very deep correction from previous up waves. What were you all thinking on this pair? Thumbs up if ya' like it and comment with some feedback! :)
FIVE expected to open at 37.49 for a Perfect Gap N Go. To learn to trade this strategy for free, go to www.RealLifeTrading.com