Walmart Inc: Bearish Alt Bat and Rising Wedge w/PPO ConfirmationWalmart has formed a Rising Wedge into the PCZ of a Bearish Alternate Bat, and as it's made its way to the PCZ, the PPO has given us both a Bearish Confrimation Circle and 3 Falling Peaks. If this plays out, I think WMT could easily see $130, but there is room for it to go down to as low as $90.
Retail
Dollar General (DG) | Short-term OpportunityHi,
A leading American discount retailer, Dollar General operates over 19,000 stores in 47 states, selling branded and private-label products across a wide variety of categories.
In fiscal 2022, 80% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 11% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 3% from apparel.
Stores average roughly 7,500 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people.
The firm emphasizes value, with most of its items sold at everyday low prices of $5 or less.
Technically speaking it has reached inside an interesting area. A few criteria matching with each other and probably it is worth to take a shot, from the shown box - $90 to $119, should be technically okay.
Criteria are simple:
1. The long trendline
2. All-time Fibo level 62%
3. The round number, psychological number, $100
Target around $140 - $150
Good luck,
Vaido
Famous Brands poised for upside - C&HCup and Handle has formed on Famous Brands since the breakout of the downside.
We see the liquidity is thin as the volatility(jumpy) motion is high...
This is why I would make a large gap between E and Sl...
Other signs confirm upside including:
Price>200
RSI>50
Target R77.62 however. I do want to see more of a definitive break above the Brim level before all systems go.
ABOUT THE COMPANY:
Formation:
Famous Brands was founded in 1969 in South Africa. It started as a single restaurant called Steers, known for its flame-grilled burgers.
Name Origin:
The name "Famous Brands" reflects the company's growth strategy and ambition to become a renowned and recognized player in the restaurant and fast-food industry.
Steers:
Steers is one of the flagship brands under Famous Brands. It was founded by George Halamandres and opened its first store in 1960 in Joubert Park, Johannesburg. Famous Brands acquired Steers in 1984.
Wimpy:
Wimpy is another well-known brand under Famous Brands. It was originally founded in Chicago in the United States but became popular in South Africa. Famous Brands acquired Wimpy South Africa in 1987.
Mugg & Bean:
Mugg & Bean is a coffee shop and restaurant chain under Famous Brands. It was established in 1996 and offers a variety of coffee, baked goods, and meals in a relaxed setting.
Expansion:
Famous Brands has expanded its brand portfolio through acquisitions over the years, including the purchase of brands like Milky Lane, Debonairs Pizza, Fishaways, and House of Coffees.
Global Presence:
Famous Brands has a presence in several African countries and has also expanded into international markets, including the United Kingdom and the Middle East.
Franchise Model:
Many of Famous Brands' brands operate on a franchise model, allowing local entrepreneurs to own and operate their own restaurants under the company's established brand names.
Walmart - Congratulations. We Now Have "Confirmation."Walmart is another stock that, for some reason, people want to be bullish on. It's probably because Marxist social marketing platform Reddit's public relations firm nestegg r/WallStreetBets said so, or some GPT instance on StockTwits said so.
Yet it's another old company with an old business model that is anything but good. I haven't been to a Walmart in the United States in years, but the ones in Canada aren't even cheap.
They attract people from low social classes and people who moved here from other countries, but are seriously often one of the most expensive options out there and even shopping online are an automatic skip.
Yet people want to get long.
This stock is similar to Target
Target - Why Is Everyone Desperate To Long Disasters?
And Disney
Disney - Is Your Compass Upside Down?
And Paypal
Paypal - Going Long In a Bear Market?
In that none of them are one bit bullish, and yet people are rallied by a certain force into believing that it's time to BUY THEM CALLS because it's GOING TO SQUEEZE or something.
And yet when stuff like Apple or Meta trends upwards for 5-8 straight months you're told to short every pop while it runs away on you.
China's economic problems are seriously escalating and at a frightening speed. The effort is underway to destabilize the Chinese Communist Party, so long as Xi Jinping is its leader and the President of China, at least.
The ultimate endgame is to produce a situation where the CCP and/or Xi falls, but what the International Rules Based Order and its banking cartel want is not to have China's 5,000 years of dynasties and traditions return, but to replace the existing regime with something of a submissive soyregime that's nested out of Taiwan.
And because of this, retail stores are particularly at risk because everyone just loves and loves to put their hands and get their hands in Shanghai where the Jiang Zemin faction is.
When the day comes, the CCP will be gone and the Jiang faction and the CCP's 24-year persecution against Falun Dafa's 100 million spiritual cultivators and all that organ harvesting will become an international story, the only one that matters.
And these companies who have been supplying blood to "China" all these years will really wind up going Blockbuster and delisting.
Walmart's monthly shows us that we have a raid on the '22 all time high. The purpose of these kinds of events is to take out the funds and whales who use stop loss rules.
And if it's really true that Walmart isn't aiming for $180, then it means the next set of rules-based funds and whales to hunt is on the low side, which is a painful $50 away.
On the weekly, this ramp towards the top has been an amusing 52 degrees.
Trendlines are created to be broken because you're told that technical analysis and not price action is somehow important.
The reverse bullish upside down inverse bat pattern harmonic RSI MACD divergence clouds are definitely the way to understand the market, not the places where people are told to put their stops to "mAnAGe ThEiR RiSk."
And so the moons have come together on today's earnings to tell us that it's probably time to sell the rip.
Walmart has produced:
1. A failure swing
2. The rejection came on Q2 earnings as a catalyst/news driver
3. Months and months of insider sales
4. At a time when indexes are toppy
5. Jackson Hole, the biggest Federal Reserve policy meeting of the year, is a week away
6. JP Morgan is long some 15,800 puts with a strike of SPX 4,225 expiring September 29 that have never been in the money since the quarter changed
And so the trade setup is simple.
Don't try to buy the dip. The dip can't be bought.
Instead sell a rip back to the $158 pivot
Buy long duration puts
Sit on your hands and go outside
Take a girl on a date
Listen to music and have wine with her
Tell her that her hair is pretty
Come back a few weeks later and roll them out
Rinse, repeat until $99
Good luck, my friends. It's time to stop listening to the Internet and social media machine. People with low follower counts and low traffic can tell you the truth, but the big dogs are promoted because the purpose is to use you as exit liquidity lol.
EVER: $0.31 | a new Beginning wave iiireminds me of Century Tuna's green dev Propety ALCO land that made 8x (+800%) in just few months
when it decided to position itself clearly. Hiring seasoned officers from ALi
Change of Name is just a warm up... underneath is Vision Strategy etc for the next generation
was once the Leader in Property retail business
the ever supermart looks like Alibaba Ebay 1.0 at early stages..
entry: below ₱0.45 cents
exit: see Alco price action towards ₱1.75
Macys ( M ) Pre-earnings LongAs can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat
resulting in first an uptrend and then a sideways price movement for a month and
a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP
anchored in April while the dynamic resistance has been two standard deviations above that
represented by the thin red line. Price is currently midway between resistance and support.
Additional support is the POC line ( with the highest trading volumes ) of the volume profile
beginning at the prior earnings date. Overall I see this as an opportunity to take an options
trade with an expiration a couple of weeks after expected earnings to strike the thin red line
of dynamic resistance at 17 expiring September 1st. Depending on price action in the days
leading up to earnings I may take off half the contracts if they are in decent profit while
letting the other half run through the post earnings period figuring that M could repeat
and jump after earnings.
New Floors with Lumber Liquidators LL commodities retail rally“Inequality can be done away with only by establishing a new society,
where men and women will enjoy equal rights,
resulting from an upheaval in the means of production and in all social relations.
Thus, the status of women will improve only with the elimination of the system that exploits them.”
Lumber Liquidators looks good for a reversal.
Small share float, strong sales, strong P/B P/E P/C and near zero debt vs equity.
Risks: Value Trap, Discretionary spending retraction, macro momentum stays negative
DOGE - THE BOTTOM INDICATOR FOR CRYPTO?The "DOGE/USD" is since May - 2021 in a downward trend, and it is obvious that we can expect a trend reversal if necessary.
> The meme coin "DOGE", has among other things by "Elon Musk", a large degree of awareness and will be known to most "RETAIL" investors.
> Regardless of the media notoriety and the wildest stories of "new" millionaires, this "crypto coin" brings an incredible opportunity.
= I'll let you know what this opportunity looks like and the price increase it could bring in the following lines.
table of contents
- 1st part = WHAT MAKES DOGE COIN SO VALUABLE?
- 2nd part = TECHNICAL ANALYSIS
- 3rd part = CONCLUSION
PART ONE
"WHAT MAKES THE "DOGE" COIN SO VALUABLE?"
Due to the promotion of Elon Musk and other media relevant people, most people should know about this coin.
> Everyone associates this cryptocurrency with "opportunity" - for quick money and possible wealth.
And exactly these last two points target the "standard" - retail investor:
"FAST MONEY" + "POSSIBLE WEALTH" .
The Standard Retail Investor serves us as a "SENTIMENT-INDICATOR", with which we can better assess the current market situation with a closer look at the past.
For this, I compared the past of the "DOGE" Coin with the "BTC" to come across the following result.
= THE "DOGE" COIN BALANCED WITH THE "BTC" (in the last two "major" movements).
= THE "DOGE" COIN BOTTOM.
And by simultaneously, I mean - ONE AND THE SAME DAY -.
= 09/15/2017 (bottom for BTC+DOGE).
= 03/13/2020 (bottom for BTC+DOGE).
SECOND PART
TECHNICAL ANALYSIS
As soon as you look at the "DOGE" Coin in the weekly / monthly chart, you immediately notice the "Falling Wedges" .
> THE TERMINATION OF THESE "FALLING WEDGES" SIGNALED THE LOCAL BOTTOM IN "BTC" AND "DOGE" SINCE 2017.
Additionally, we are in an upward channel, which has been - respected since 2014 .
> In the beginning / middle of 2021 - we broke out of this "temporarily".
> Since the beginning of 2022, we are on the way to the "trend channel center line" and could reach it shortly.
> The "trend channel center line" represented a "point of interest" in the past, which means that a final bottom is not that unlikely.
> The current "falling wedge" converges with the "middle line", which provides further support.
Looking at the MACD in the daily chart, a divergence formed since September this year.
> This would even support a bullish thesis, before the point of contact of the "middle line" and the "falling wedge", however, such a divergence cannot yet be found on the higher time levels.
THIRD PART
CONCLUSION
"The past repeats itself, however it does not have to."
With the current "macroeconomic" environment, at best, one can make guesses as to how the markets will behave in the coming weeks / months.
> Nevertheless, keep in mind the repeating pattern.
What would again support the thesis of a near "local bottom" are the emerging rumors of large accumulations (hedge funds / sovereigns) .
The existing fear in the markets is the best time to set up for the long term, for people with good "risk management" and no false expectations of quick (=1-year) riches (=10-years).
> Let's feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
AMZN - Rising Trend Channel [MID -TERM]🔹Support at 113 and Resistance at 144.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
TFG Quasimodo Inv head and shoulders upside to R120Inv H&S has formed on TFG. It's not a very attractive one as the left shoulder moved past the neckline.
I call these the Quasimodos of trading.
Anyway, the large downtrend has broken and the uptrend is on its way. So the signs of buying and demand are high.
We have other indicators confirming:
7>21
Price<200
RSI>50
Target 1 will be at R120.00
ABOUT THE COMPANY
Origins:
The Foschini Group (TFG) is a South African retail group with a diverse portfolio.
It was established in 1924, and its first store was a women's fashion retailer located in Cape Town.
Portfolio: TFG operates numerous brands across various retail sectors, including fashion, jewelry, accessories, cosmetics, cellphones, and homewares.
Some of its popular brands include
Foschini,
Markham,
Totalsports, and
Sterns.
International Presence:
TFG has a significant retail presence in 32 countries, including South Africa, the UK, and Australia.
Expansion:
TFG has grown through both organic expansion and strategic acquisitions. In recent years, the company has acquired numerous brands to diversify its portfolio, such as
Phase Eight,
Whistles, and
Hobbs in the UK.
Truworths settings itself for great upside to R69.45Inverse Head and Shoulders has formed with Truworths.
This is definitely not ripe for the picking if we're waiting for this formation to form.
It might even form into something completely different.
But here is my take on it.
The signs are slowly becoming bullish and things are looking good.
7>21
Price<200
RSI>50
Target R69.45
The rand though however needs to find stability and South Africa really needs to clean their act up especially the government. I do have hope. I have faith and I am optimistic. Because SA remains the most beautiful country, with strong possibilities, opportunities and the friendliest people imaginable.
Ok rant over... Luckily we have time for this one to flourish and bloom.
ABOUT THE COMPANY
Truworths International Limited, was founded in 1917 in Cape Town, South Africa.
Truworths operates a portfolio of fashion brands, including Truworths, Identity, Uzzi, LTD, and Earthaddict, catering to different market segments and consumer preferences.
The company primarily focuses on offering clothing, shoes, and accessories for men, women, and children. It covers a wide range of styles, from casual wear to formal attire.
Truworths has a significant presence in South Africa and operates over 700 retail stores across the country. It has also expanded its footprint to other African countries, including Namibia, Botswana, Eswatini, and Zimbabwe.
The company is listed on the Johannesburg Stock Exchange (JSE) and forms part of the JSE Top 40 Index, which comprises the largest publicly traded companies in South Africa.
ABOUT THE NAME
The company was established in 1917 by a partnership between Jack Lewin and his son, Isaac Lewin. Initially, the business was known as "The Alliance Trading Company." However, in 1934, the name was changed to "Trueworths" to better reflect its commitment to providing quality merchandise at affordable prices.
The name "Trueworths" was chosen to convey the idea that customers would find true value and worth in the products offered by the company. The change in name also coincided with a strategic shift in the business, focusing more on clothing and fashion retail rather than general merchandise.
Over time, as the company grew and expanded, the name "Trueworths" evolved to "Truworths," which is the current name of the company. The name change to "Truworths" is believed to have occurred in the 1970s to modernize the brand and align with changing consumer preferences.
Spar just broke below and it's BAD! Target R103.61Inverse Cup and Handle has formed over the last month for the retail giant.
The price yesterday broke below the Brim level.
This makes it bearish for downside to come.
200>21>7
RSI<30
Target R103.61
SMC -
Above the Handle of the Cup is a Buy Side Liquidity Order Block. This is where Long traders BOUGHT and Short Traders got stopped. Where the BUYING took place with retail traders is where Smart Money came swept the liquidity and sold into it causing strong selling.
With the bad rand, the load shedding, the world markets in turmoil - we are seeing selling to come for JSE stocks as of late.
GBPUSD - Spot the Pattern!Traders come in different shapes and sizes!
Mentality can also come in different shapes and sizes!
Some traders like to follow systems!
Some traders use creativity to spot patterns!
One thing won't work for everyone!
but the Beauty is
us traders have one thing in common...
trading psychology
it spares no one!
Donut Time in America. Ditch the New Year's Diet ResolutionsIts usually time to fade the American urge to "Eat Healthy this Year" by the time the leaves start showing up on the trees again.
Add to Krispy Kreme between 12-13 dollars.
"As society becomes more and more complex, cheating will in many ways become progressively easier and easier to do and harder to police or even understand."
USDCHF: Retail Wipeout I expect price to pierce the remaining liquidity with the news today.
Understanding where price may flow is easy, finding a sell entry is the difficult part.
I have marked an 'expected sell' zone but the reality is it could sell anywhere between now and the previous high.
So for now I will just be observing and if intuition tells me to sell, I will.
Good luck with the news today gang!
XRT short - below .618 Fib levelRejecting down trendline, below 50 DMA and the option flow ratio for March 17th is 4:1 puts.
Very strong numbers from economy today, which means the FED will have to raise rates again at some point this year.
I have been following the FOMC for 6 years, take every meeting cautiously. We also have CPI numbers on the 14th.
I am holding MArch 24th 61 puts at $1.15
GL!
DBGI | This is an Obvious Choice | LONGDigital Brands Group, Inc. provides apparel under various brands on direct-to-consumer and wholesale basis. The company offers denims; and men's suiting. It also designs, manufactures, and sells women's apparel, such as dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers; and sweaters, skirts, shorts, athleisure bottoms, and other accessory products. In addition, the company offers custom and made-to- measure suiting and sportwear, shirts, jackets, pants, shorts, polos, T-shirts, tops, and bottoms. It sells its products under the Bailey 44, DSTLD, Harper & Jones, Stateside, Sundry, and ACE Studios brand names. The company sells directly to the consumer through its websites, as well as through its wholesale channel in specialty stores, select department stores, and own showrooms. Digital Brands Group, Inc. was formerly known as Denim.LA, Inc. Digital Brands Group, Inc. was incorporated in 2012 and is headquartered in Austin, Texas.
WATCH retail index: Walmart Amazon Target Costco HomeDepot"Consumer retail is 70% of the economy". If anyone know where we are heading next, it should be the major big box and big web consumer retails names in the "WATCH" INDEX. WATCH is just Walmart Amazon Target Costco and Home depot added together.