We can see some significant underperformance by RBLX as it makes it way to the bottom end of this triangle, as the market begins to favor reopening names like consumer services space evidenced somewhat by XLY's relative strength in the current market, will that mean RBLX will continue to underperform? We shall see. Good luck traders
XHB broke through an important 77.5 low volume node today and TPX has just been on fire. You might be asking how a mattress company and homebuilders are correlated well I'm playing it as a proxy and potentially one that could outperform the homebuilder index in general. You gotta have mattress for those homes :)
WATCHING $HOME for ENTRY TARGET @ 30.01
Home depot had a good run when market was red. Now its has started its downward hourney. There is good divergence on indicator as well as increased volume. It should start falling to support level mentioned in my previous chart. Good strategy will be a call credit spread. Ideas are for education and not trading advice
Watch for the ascending channel to form which will send it to the new support line and onward from there. Comments and thoughts are always welcomed.
After almost 2500% in less than 1 years it is time To have correction Buy put 29 April 16??? Always manage your risk and never put more than 5% of your trading capital in a single option idea..!
VVNT BUYZONE = 16-17 CAD = 14 1st Target = .5fib 20 2nd target = 618fib 23 3rd target = 786fib 27 ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading...
HD bouncing off that demand, tight, ihs, whatever confirms ur bias its bullish.
The real estate market has been benefiting from low mortgage rates, and companies like American Woodmark should succeed well after a vaccine is out. From a pure technical perspective, there are a few things that make AMWD’s chart an attractive set up. A MACD buy signal convergence is possibly forming, which I could possibly be confirmed, by the price action...
🌟HD bearish scenario: We have technical figure Triangle in US company The Home Depot Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States supplying tools, construction products, and services. The Triangle has broken through the support line at 18/11/2020, if the price holds...
Monthly In Uptrend since 2012 Weekly Doube Top on Uptrend Wait for correction on Fib 618 In uptrend then wait for buy Daily Flat Clear Divergency by RSI =Wait for correction down, also Harami bar confirms it. When correction is ended From w1 of 2021 I will open Long OPEN 265$ SL 250$ TP 300$ will reach in April 2021. TP2 330$ RR 2.71
$HOME has a great move up on the larger timeframe and, after a massive rip higher and return to orbit, prices are beginning to show that buyers are interested again.
$HOME At Home Group Inc Breakthrough ~$17.50 resistance earlier this month with successful retest last week. Earnings coming up tomorrow after the close. I'm bullish for two reasons: 1) They already reported on 7/29 preliminary Q2 net sales with comparable store sales up 42%. 2) With low interest rates and the housing market booming right now, all those new...
Hardly surprising though, this has taken place whenever GDP contracts & unemployment increases as it certainly will this year. I think one would suspect that this could lead to risk of deflationary effects - which I know sounds odd when one thinks and sees first hand the rampant money printing and radical expansion of money supply, and inflation increasing. I am...
Earnings Report on September 3rd