The past 3-months' pullback seems to confirm the bearish breakout. RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout. Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.
Entry. $45.74 S/L $43.70 TG $50.23 12 months Consensus Price Target: $50.23 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Since late april, WMT has been in an upward channel fighting to stay above the 10sma. The 50 & 200 simple moving average also line up closely with the 38.2% & 50%fibonacci retracement level, respectively. The Bollinger Band Width, which is the difference between the upper and lower BB, is trending lower, indicating a build up in a move up or down. Watching closely.
Not that I know these brands super well, but it's awesome to see retail expanding beyond brick and mortar, each of these is now worth $1B+. Interesting to note, NASDAQ:REAL 's market cap just exploded (after the IPO equity lockup expired... went from below $200M to $1B+... the stock didn't react.
Retailer pairs idea from @Lesater_Davids +SHP / -WHL at 2.0330 with a target of 2.235 and SL of 1.932
Massmart has been a serious under-performer in the retail sector this year, shedding some 37% off its levels seen at the end of last year. With the SARB likely to cut interest rates at their meeting next week, perhaps this will be a little kicker for consumers which should benefit most of our local retailers. The share may be just a little too oversold for the...
J537 - The index that tracks the general retails on our market is busy respecting and reversing off this downtrend and channel resistance which has been in place since the index topped in March 2018. Of course the election outcome could be a catalyst for a further reversal or break, but nevertheless, an important level to monitor in this chart to determine the...
I really love the idea of Nucleus Vision, but to be honest with 10 billion supply, it won't really work until one day mass adoption coming. Because we need a stabilize the environment above all else so it can work just like our traditional currency right now. Nucleus Vision basically not bad as one of low sats because it is successfully listed on big exchanges...
Retailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE,...