Retail
Weis Markets $WMK "uncorfirmed double bottom"$WMK will try to break $49.84. To confirm the double bottom needs to hold above it.
12 months Consensus Price Target: NA
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PLCE, was a top quarterly gainer. Expect an Uptrend continuationA buy signal is generated. I analyzed 38 stocks in the Apparel/Footwear Retail Industry over the last three months and discovered that 33 of them (85.71%) charted an Uptrend while 5 of them (14.29%) trended down. I found 288 similar cases when PLCE's price jumped over 15% within three months. In 151 out of those 288 cases, PLCE's price went up during the following month. Based on these historical data, I think the odds of an Uptrend continuation for PLCE are 52%.
BEARISH SCENARIO PT.1just now
SOME BIG FISH TAKING BITCOIN DOWN FOR ONE LAST VISIT OF THESE PRICES BEFORE THE BULL STARTS RUNNING.
PRICE ACTION LEADING UP TO THIS POINT SCREAMED MANIPULATION AL OVER IT.
OBVIOUS FRACTAL CANDLES AT THE TOP OF EVERY STEP DOWN GAVE AWAY THE SECRET PLAN TO STEAL ALL OF RETAIL'S BITCOINS .
.. OR MAYBE THEY'RE STEALING OURS?! AHHH.. JUST KIDDING.
... OR AM I?
HAHA.
I'VE BEEN HAVING SOME AWESOME SUCCESS WHEN I'M ABLE TO MAKE OUT SOME NICE FRACTAL PATERN''ING IN THE PRICE ACTION.. IT'S A LOT EASIER TO ID WHEN THE BUY/SELL PRESSURE IS THAT ROBUST.
WHAT ARE YOU ALL SEEING? LOWER? BEAR TRAP FAKEOUT?
WOULD LOVE TO HEAR DOWN BELOW!
PS - WORKING ON A VIDEO RIGHT NOW THAT I'VE BEEN WATING TO PUBLISH FOR THIS VERY MOMENT. STAY TUNED! I WILL HAVE THAT COMPLETED AND UP MOMENTARILY. A LOT OF INTERESTING PLANETARY CONNECTIONS TO THE WORLD RIGHT NOW :)
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PS. TRADINGVIEW HID ALL OF MY PREVIOUS IDEAS. SLIGHTLY FRUSTRATED WITH THIS PLATFORM AT THE MOMENT, BUT I WILL BE BACK.
HIT ME UP ON THE SOCIALS:
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TELEGRAM: @BITCAPJNY
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VISIT OUR NEW SITE -OUR INTRO TO TRADING COURSE IS ALMOST DONE!
W. W. W. 3 C A N D L E C O L L E C T I V E. . C. O. M
Macy's way oversold on the dayI know this is going to take a turn here in session. Way oversold and below VWAP. CFO had some comments that where realistic and shorts came to pounce on it. Nothing material since they just closed more-than-100% their marketcap with this round of financing.
Looking to 430PM EST as the CEO is live to the nation talking about positive foward looking statements that will hopefully send the shorts home packing.
Load up here and have a 10% stop loss.
Won't be surprised at all if this closes in the Green as the S&P is starting to take a turn.
MACY'S ($M) 🛍️ | Are the Bulls Going on Parade too Early?🏬 Between a weak earnings outlook, years of growth for online shopping, COVID, and the protests the last place you would think people would want to put their money is in retail giants like Macy's... yet, here we are. M has had a solid recovery since the COVID crash. That said, we think this Macy's day parade may be coming to end as we go into earnings and get rejected from resistance at the same time. Let's look for a setup.
Resources: www.earningswhispers.com
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1. Despite some recent strength, Fractal Trend is showing a downtrend (Maroon colored bars) on the 1-hour timeframe.
2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon colored lines) and/or bearish S/R levels plotted by Directional Bias (Maroon colored lines).
3. The plan here is to short the R1 orderblock above the gap on the left side of the chart with a target of the S1 S/R range.
4. We have placed our stop above R1. This not only gives us a good R:R, it also protects us from any volatility (although we expect R1 to hold so that extra protection shouldn't be necessary).
Overall our play here is simple, short the recent strength in this retail giant as it touches resistance into what analysts project to be weak earnings.
Good luck everyone!
Cramer was Off, Expecting a $10 Target now for BBBYFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Jim Cramer seemed to think in May that BBBY would have a tough recovery given they are "deemed nonessential". He was being conservative and I get that, but you know whose not conservative? Some random guy on TradingView whose not a CNBC analyst. I am expected continued support for Bed Bath's bullish run and that a $10 target could be imminent. Overall though given it is retail, I am still giving this a long but I expect the $10 target to be in a short time period. If it hits $10, I would flip for a profit turnover if I was to get this, than reinvest.
BBY: $88 Short Target because Post-Covid Shopping + DemandFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few insights. Best Buy is expected to have a positive continuation of its recent uptrends, and I have it on my watchlist. Currently, I am bullish on the supply and demand curve getting fixated and that it could hit an $88 price target quite soon. I also think it has some long potential as well, so I am ranking this a long.
American Eagle - stick a fork in retail, it's dead. Or is it?Even though it makes no goddamn sense AEO has been rallying lately, albeit with quite a bit of chop. Maybe people are getting more optimistic about AE's ability to come back from the 'Rona, who knows, but at any rate you could potentially position to take advantage of this trend by purchasing $9.50 calls. If the stock continues to mean revert back to its 200DMA, you will pack away a tidy profit.
Walmart Bullish, Consolidating for a bit then towards $130Walmart is going to be consolidating for a bit around the support that its been hitting
but overall Walmart is going upwards, it keeps making higher highs without breaking support
easily looks like along for Walmart around the 120.92 support
Once the MACD creates a new lighter red candle (bear candle) we can expect an increase of around $8 dollars towards the upside which would bring the price of Walmart somewhere along the lines of $130
overall long on walmart especially during recessions, expect same results from dollar stores
Welp. USO got permabanned from trading Oil.Extremely popular ETF among retail investors United States Oil Fund got banned from trading Oil. Less than 1 month after a 1 to 8 reverse split.
The number of holders on Robinhood, a popular broker among retail investors, has been going up despite all the negative news.
Actually it has been going up more the more negative news there have been.
How to write about this without looking sarcastic or making it look like a parody? I assure you all I am writting is true.
With Oil prices crashing the ETF saw about 2 months ago a massive influx of investors and hit their limit.
They have responded (after losing alot of their investors money and getting limited by the CME & regulators) by spreading their positions over several months.
On April 29th they did a, 8 to 1 reverse split to not get delisted. The price has kept going up since then, perhaps because of all the investors with less than 8 shares that bought back in.
According to a Thursday SEC filing made by the ETF, RBC Capital Markets, their broker, has informed the fund running USO that they could no longer buy oil futures and not even hold oil positions. USO response has been to say they may hold larger amounts of cash & cash equivalents and treasuries (zero or even negative yielding US treasuries).
RBC reason is speaking in layman terms to not end up like Lehman Brothers.
Despite being down 75% YTD USO AUM have quadrupled (and would have done more than this had they not hit the limit).
ycharts.com
RobinTrack data shows that the number of accounts holding USO has soared by about 2000% since March.
So... if they are at the limit, they money they lose can be replenished by new buyers and they can remain at the upper limit forever? (As long as new buyers join).
They might have to redesign their offer, since they cannot hold oil anymore. I guess they're just going to hold "investors" money in cash & bonds while collecting fees.
Let's see what the regulators say. People wanted to buy Oil but we all know they just want to buy something deep in the red and even if the ETF changes they are not going to sell because they enjoy holding losers. They might even be interested to buy more. Seriously. The keyword is "emotional" but better than this would be "irrational" and even better - I have to - is my own description "complete morons".
Of course technical analysts do not need to read the news and knew all of this before it even happened thanks to their magical little oscillators and tools.
Retail investors are unphased and ignoring this "FUD". I expect them to buy more, probably expecting an investment in their own money at a fee to magically go up.
When I'm doing my research I'm angry and ranting half of the time but also I'm just laughing in front of my screen half of the time. I love my 'job'.