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Weekly cup and handleTaking a look at restoration warehouse on the weekly charts. Looks to be a nice cup and handle forming. Last year price tested a breakout over $110, but could not sustain a close over and since has pulled back. As of late price has traded nicely in the smaller channel I have drawn with trend lines. Looks to be flagging and presenting the handle for the cup.4 weeks ago we saw a nice push up which has set up an inside bar play as well. Price has since traded inside that weeks range for the last 3 weeks. I am looking to get long between $80-$74 dollar price range. I will most likely layer my position in that range with a calculated stop of 1% total risk of my portfolio. If I do not get an opportunity to get the desired fills I will take a half position on the breakout of the trend lines while adding the last half on a breakout of $110. I want to be patient and either get the fill at value or play the breakout. what I do not want to do is rush and get a fill now to only have price go lower and possibly stop out before ever getting to a desired location. If price does come to this range it will be coming to test the lower TL of the larger channel running from mid 2016. If price is to bounce it should provide at least a decent short term return. Ideally I would be looking to hold this long term as we are playing the weekly chart and the completion of the cup and handle should bring solid long term gains. Once my position is full I will be taking profits at calculated targets and employing a wide trailing stop. If this idea comes to fruition I will update with position ave, targets, and strategy for my stop. Thank you all for viewing.
NYSE:RHLong
by Moto_Trades
1
STOCK REVIEW : BOILERMECH HOLDINGS BHD (0168)Based on OUR analysis it's time to make decision for BOILERMECH HOLDINGS (0168) TECHNICAL ANALYSIS : Based on current price 0.770 it will continue on bearish on support zone (S1), if they break the zone which is 0.755, it means they want to find the strong support (S2) 0.730. And do the rejection to find the nearest ressistance (R1) at price 0.910. Probability do rejection? YES, they will do retracement at Fibo Level 0.38 (FB1:0.820), going short a little until level 0.12 (0.775) and then it will continue bullish mood also find the nearest resistance R1. Wait for next confirmation after they break R1 it will continuously on bullish mood. Possibilty find the next resisitance R2. But must see the MA to know the trend continue long or short trend WHAT IF they break second zone of support R2? In my honest opinion, it show that performance of this company will confront bad either financial or management in this year. FUNDAMENTAL ANALYSIS : Current Div Yield 1.90 > Ave. Div Yield 1.55 It show that this stock is UNDERVALUED, very good reason to buy it know. Based on Financial Position FTYE17 Asset, the trade receivables is reduces amount RM40,010,389. It's a GOOD sign, because debt collector that manage properly. Inventories reduce RM2,712705 (-8.51%), NOT GOOD because it show less WIP in this year. Trade payables reduce RM12,691,183 (-31.4%), GOOD sign, less do payables and good payment on time in previous year. Tax Liabilities reduce RM 56,090 (-95.8%) VERY GOOD. It shows this company pay tax properly in this year eventhough it's not quite good year in current econony situation. This stock will be potential in 2018. It is just on paper, but not reality, it based on current economy and company performance decisions. Analysis from our team, Ghibli & Co. Hedge Fund Capital in Kuala Lumpur. Any inquiries about investment/analysis please contact us ghiblico.my@gmail.com
BLong
by adibazid
AMD - On the verge of a breakoutAMD has had a pretty incredible 18 months - reaching into the teens for the first time in 10 years. Over the past couple months, we've seen a pretty substantial drop in price, from over $14/share down to $9.94 yesterday - a 29% dip. Looking over-sold at the moment. We're getting close to the end of this falling wedge, right near the long term support line, and could be looking at a bump North of $12 by Christmas. This will depend largely on breaking out of the pattern and successfully testing recent resistance around $11.45.
NASDAQ:AMDLong
by epaka
HAL Halliburton Company short - in a downward trend 2017Review Since the end of January of this year, a downward trend formed in the stock which, as things progressed, was confirmed over and over again. In addition, the much-observed SMA 200 was exited downwards. Currently, the value is far into the correction of the last downward movement, and it is worth keeping an eye out for short signals. Outlook The correction of the downward trend that is visible in the daily chart can be recognized as an upward trend in the subordinate trend size in the hourly chart. In order to find a short entry into this stock, one should first wait for a trend reversal in hourly chart. Here, an entry would be possible at a new low (P2) or subsequently from out of the correction after a new low, with a stop loss above the P3 that would have formed by then. The marker around 38.70 USD serves as a target area (green zone). If the price clearly and sustainably rises above the area of 46 USD (red line), the short scenario should be abandoned.
NYSE:HALShort
by ATT_Trading