Fraser's Group - negative From the bottom of the pandemic they went from 180 to 995.
In Oct 24 they broke to the downside after forming a triangle pattern from July 22 to Oct 24.
There was no indication that the price would break out to the upside from that pattern.
In technical analysis, the target for Shorters would be 409.
GLA and DYOR. This is not a solicitation to hold or trade.
Retailer
SPWH has been on a YTD downtrend SHORTSPWH, a sports and recreational retailer had a bad week or two as seen on the 60-minute
chart. Reversion to the mean and the rubber-band perspective says that what goes down
must go up. SPWH has fallen into deep undervalued territory. It has been down trending for
most of this year. At the moment it might be correcting into a short trade or put option entry.
SPWH trend down might get synergy from the S & P helping entrench the trend down.
I will zoom into the 5-30 minute time frames and short SPWH from a pivot high. I may take
a large number of shares and then hedge the position with a couple of call options above the
current money with an expiration of 4-6 week for purposes of risk management and insurance
against a reversal in the price action.
TARGET REACHED: SHoprite at R257.66 thanks to Head and SHoulderTarget reached R257.66 from the Inverse Head and Shoulders we pin pointed in July.
The price broke above the neckline and out of the medium downtrend.
We followed the textbook way, and the price shot to the target at R257.66.
It can continue higher. Or it can consolidate.
But either way, we need to wait for the next setup.
Target Corporation bullish scenario:The technical figure Triangle can be found in the daily chart in the US company Target Corporation (TGT). Target Corporation is an American big box department store chain. It is the seventh largest retailer in the United States, and a component of the S&P 500 Index. The company has found success as a cheap-chic player in the industry. The Triangle broke through the resistance line on 08/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 31 days towards 189.83 USD. Your stop-loss order, according to experts, should be placed at 157.25 USD if you decide to enter this position.
Target announced Wednesday that Brian Cornell will remain CEO for approximately three more years after the company's board voted to eliminate a retirement policy that could have forced his exit.
Cornell, 63, has led Target since 2014. Since coming on that year, Target's share price has more than doubled — and at one point was up more than 400%.
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BTC Market Makers using ukraine news - todays altcoin: ADAYo guys, welcome to the channel Hawkeye Charting.
Yesterdays projection of working the 36-35k zone in BTC has been even surpassed and we're now waiting for some kind of reversal relating to the market maker method.
Is Price affected by the ukraine news or did the market makers simply use the news to hide their hand?
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves .
Peace
Market Makers working the BTC 200EMA... Todays Altcoin: ETHYo guys, welcome to the channel Hawkeye Charting.
MM let us see their hands by working the 200EMA. Question is: Will we see a breakout and move towards the 800EMA first or will we directly go towards the currently interesting pool of liquidity at 36-35k?
Check out what I will pay attention to for today.
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves.
Peace
BIG should hold support around $54With the important Jackson Hole meeting set to take place this wednesday, I expect value names like BIG to do well as tapering asset purchases will be the topic of discussion at this meeting. With a P/E of 3x (TTM) and a dividend of 2% BIG looks very attractive here to investors seeking good value. Earnings are expected Friday from BIG, I believe they beat estimates which should cause some positive price action from the stock. Also BIG is trading right on a crucial support level at $55. We should hold this level and trade to $60 in the short term then over the next couple weeks to months work our way to that $70 price target. With consumer savings rates still historically high I believe the consumer will continue to spend which should benefit retail companies like BIG and should show up in earnings this Friday.
GRWG - Cultivating Cultivating! *Gold Star*Although widely considered a Cannabis play, IMO the hobby indoor garden space has big potential.
From a source of food to a source of Zen...
Plants, regardless of their level of cannabinoids, can be very beneficial.
Almost akin to pets.
Fostering health and physical well being.
Even providing for psychological needs, like being a provider, accomplishment, even perhaps companionship.
Talking to plants is good for people. Its good for the plants too!
If they talk back however... Dang! That's some good weed! :D
Between the above, and the legions of cannabis supporters,
plus the company's seemingly strong financials and validated corporate structure
I believe GRWG could remain strong regardless of the USA legislative red tape...
Obviously cannabis legalization legislation would be the best thing for the stock,
One would think that at this point the outcome is assured, but, time will tell...
The Star pattern is largely artistic, but the lines did come together through classic TA.
I will add some comments with other time frames that I feel paint the bigger picture better.
Learning You can see today's rally in bank nifty . Generally what happens if there is a big rally then after achieving the top the index will retrace 20-30 to a maximum of 50 percent. Hence whenever you see green candles at 30 or 50 % levels of fibo retracement you can still go long in direction of the rally. This is the move where many retailers get trapped after selling and the market bounces sharply which you can see here. If it breaches 50 percent then you can say the trend may have changed for downward 300-500 points.
7 Reasons to buy DXLG now!DXLG Destination XL Group, Inc. is a leader retailer in Big & Tall men's apparel. Company is publicly traded since 1988
The Monthly chart shows a buy setup in 7 different aspects
1) Massive buy volume in the month of July. Buyers are mostly institutions as you can see in the following link. As of today 70% of shares are held by institutional funds.
i.imgur.com
2) Absolute third bottom since 1998. The last time DXLG was at this price was during 2009 crisis. This is the definition of buying the dip.
3) Tom Demark Sequence reached 9th sequence. For those who know about TD Seq , numbers 8 and 9 indicate a reversal
4) 3 different divergences are formed at this level. MACD , VWMacd & MFI . This means price has to be higher according to these indicators but instead it went lower and created a divergence
5) Williams Vix Fix Indicator is used to identify the bottom of a trends. As you can see from the green bars that we reached the bottom and a reversal is imminent.
6) SToch RSI is bottomed and now picking up
7) MACD in the red area heading towards green
Cash Runway Analysis
Stable Cash Runway: Whilst unprofitable DXLG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DXLG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.4% per year.
Company got hit hard by COVID-19. Brick & Mortar stores had to close temporarily but sales continued through website and Amazon.com
In a medium term trade(1 - 2months) you can target a reasonable profit of over +25%, the longer you hold, obviously the more profitable it gets according to the past data.
As you can see the stock traded between $0.3 / $15 in the past.
Please do you own due diligence and remember it's a chaotic year, so always look for safe plays.
Home Depot $HD "brekout"$HD broke $259.29 out last week and ready for a new uptrend. However, the volume and rsi are still weak and just watch for more volume before get in.
Note: Lumber price is increasing so it may affect also HD performance positively.
12 months Consensus Price Target: $255.28
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Walmart Day Chart, Gap Fill 5/1/2020Looking at Walmarts chart it seems like it is infamous for filling gaps made pretty quickly
last gap made was around the 127.33 price which i think will get filled tomorrow on 5/1/2020 to start the month our in green
but it seems like whenever gaps are filled they are taken right back so maybe set a TP for the 127 price range
also MACD on average makes around 3-4 bearish candles on the day chart before it makes a lighter red and smaller bearish candle
it seems like we are headed in that route especially after Walmart's huge sell off recently
i think walmart is one of the stronger retail business' (if not the strongest) during a recession or during hard times
there is no reason for the huge sell off, it will be back at ATHs in the next two weeks and hitting 127 either tomorrow or Monday
$M Macy's looks to have a slight down trend before bull marketRSI divergence is our main sell signal here. There's also some fractal support/resistance here.
Will be re-entering $M @ 5.20.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
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Best of luck to everyone!
Retail breaking outOn the news we could see some re-openings of the economy in certain states.
Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd.
RSI @60, is in an uptrend. (Bull)
OBV is still consolidating (Bear)
We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)
Will Dollar Tree pickup volume to break Fibo resistances?Dollar Tree has been in a downward spiral for quite some time... Huge (down) gap after Earnings... Coronavirus might hurt its Supply-chain short-term... but if volume picks up and it breaks the Fibo line, it might rebound and try to close the gap left behind. What do you think?
Long Mid Term Play#bumpandrun , #dragonpattern is forming , I think today we are witnessing the total break down of the major downtrend , should the 50-200Ma crossing hold , Im thinking a short term rally is just starting and after a pull back to the cluster around the blue trend line and the pitch fork that was just broken out of ... with targets of 85$ within reach in first half of the year. lets see, will play it by ear though as we move along
$LB Is A Speculative BuyIt's hard to get overly bullish on $LB, but the chart has piqued our interest. The stock has very strong support at the $16 level and $LB looks to be on the verge of breaking out. With so many bearish on retail names, $LB could outperform quite easily with so many pessimists and shorts in the stock. With 8% of the float short, we could see a nice short covering rally.
$LB is also a deep value play. $LB trades at just 7.9x this year's earnings, .037x sales, and 12.12x FCF. With the stock down from 52-week highs near $30, there's a lot of room $LB can run.
While we wouldn't bet the farm on $LB, it looks to be a speculative buy at current levels.
As always, use protective stops and trade with caution.
Good luck to all!
Alibaba: Potential rise to the 2019 High.Alibaba is trading inside a very standard 1W Channel Up since June (RSI = 52.639, MACD = 1.760, Highs/Lows = 0.0000) with the Low to High legs symmetrical at +21%. If the current leg is completed on equal strength then the peak (+21%) will reach 195.50 which is the 2019 High. So if the Higher High trend line of the Channel Up breaks, be ready to extend your long positions to 195.50.
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Still room to short OSTK - further downside until $9OSTK has been inundated with negative news since founder and former CEO Patrick Byrne stepped down in August. The stock has seen some intense volatility.
Shorting the stock has proven profitable recently. There is still time to be short, despite the heavy losses already sustained.
On September 16th, OSTK plunged through its 9-Day MA and has been in freefall ever since. There is nothing keeping it from falling further until long-term support at $9.00.
Foot Locker got its Ass kicked but might be soon ready to runn
Foot Locker got to feel a beat up and an overal market over reaction for stocks that missed earnings, even if it missed tiny.
The stock dropped more than 30% in two weeks and we are getting close to an open gap at around 32$ with a nice trend line support.
In this enviroment the markets react multiple times stronger than usual, so we still need to be carefull and invest small.
Only my oppinion so make your own research.
May the markets be with you
Pump and dump orchestra on $BCD. What is happening?"New @AtomicWallet release 0.1.31: - Added VeChain main-net $VET & $VTHO, Decred $DCR and Bitcoin Diamond $BCD - Minor bugs fixed and exchange interface improvements. Upgrade Atomic: AtomicWallet.io
Interestingly that this fork of Bitcoin is such a pump and dump orchestra playing to entertain the whale and the smart retailers and fooling the one who didn't know how to enjoy the game.
First of all I've joining the lockup of Binance on BCD wallet, which makes the whale of BCD on Binance pump it up and little bit influence the price of another exchange. Really enjoy this one tho.
Unfortunately, i need to keep watching this one that you guys who don't really watching charts and consider holders for mid-term to stay away from BCD because you could literally lose your money.
There is a lot of coins that you can stake it up, but BCD on for smart trader. TA sometimes doesn't really work here, but a matter of sentiment act towards it's market.
So, after this pump, looking for retracement back to 0.00026 - 0.00028. Thank god I'm alive!