HBI - Daily - Bull Target Reach"Click Here🖱️ and scroll down👇 for the technicals, and more behind this trade!!!
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📈Technical/Fundamental/Target Standpoint⬅️
Technical Analysis:
- Price Manipulation: The price of the asset has likely been artificially influenced since October 18th, 2024, suggesting a potential reversal towards the $7 price level in the first quarter of 2025.
- Low Bot Activity and Volatility: This indicates a less chaotic market environment, potentially making price movements more predictable.
- Bearish Trend Change: A shift towards a bearish sentiment on the daily chart was confirmed on December 19th, 2024.
Fundamental Analysis:
- Stagnant Growth and Profitability: Annual growth and profitability have remained relatively unchanged since 2020.
- Modest Earnings Growth: Earnings have shown a slight increase in the past three quarters, but not a significant breakthrough.
🌎Global Market Sentiment⬅️
- Seasonal Trends: While December typically sees a positive close for the Russell 2000, January is historically known for a bearish close. This seasonal pattern could influence the asset's direction.
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H1BI34 trade ideas
A leading seller of innerwear clothingforming a nice double bottom formation.
In terms of news: In a public letter, activist investment firm Barington Capital Group has called on Hanes to cut costs, lower inventory levels, and boost profit margins.It seems that Hanes may have been influenced by Barington's suggestions when deciding to pursue the Champion transaction, signaling the start of a potential recovery for this small-cap value stock.
No reason to be bullishWhile the Chart looks like a nice setup for a bounce, the Conference Call makes me think -- it ain't worth the risk.
The C-Suite has lost-control over the numbers --and makes excuses. We've all heard this before, the 'we're transforming the company" (translation -- 'we are trapped by the old management style' but we can't think of a better way of doing things) And then the typical 2022 excuses -- global operating environment challenges, meaning "inflation increased product cost" which decreased consumer demand (duh). Or the Covid excuse, which they are still using, implying the Chinese underwear market is a significant portion of their business. Maybe it is, I'll have to check the earnings report and see if that's broke out. But it sounds like bullshit to my ears. They also blamed Retail for having excess inventory. Retail isn't moving the expense product out the door fast enough to meet the previous volume numbers. Price going up, Sales going down.
Hanesbrands (HBI): Loosen up your tighty-whities on this one!!HBI's stock has taken a beating of late, not the kind that is typical of real companies making real products serving real needs and making real money, but rather the kind of beating usually endured by high-flying tech stocks with Price/Sales ratios that are up in the low-to-no-oxygen zone!
HBI earnings earlier this month indicated weaker than expected guidance for '22, acknowledging what should not have been a surprise: continued supply-chain constraints and higher costs which could dent margins. The stock is down over 33% from last spring's high. It's continued to execute on its "Full Potential" plan which aims to improve growth, bolster and expand the Champion brand, and to improve customer connectivity. It pays a 3.8% dividend (goes exdiv on 2/14), and its most recent dividend payout ratio was approximately 40%, not to mention (but of course, to mention...) the company announced a $600m share repurchase authorization.
I think the market has gotten its tighty-whities a bit too snug on this one.
I'm not in the business of giving investment advice, so do your own homework and decide what's right for you, but for me, it's time for HBI to come out from underneath and flash its wears!!
Hanesbrands (NYSE: $HBI) Is A Unique Opportunity For Profit 💲Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels. The company licenses its Champion name for footwear and sports accessories. Hanesbrands Inc. provides its products primarily under the Hanes, Champion, Maidenform, JMS/Just My Size, Bali, Polo Ralph Lauren, Playtex, DKNY, Alternative, Gear for Sports, Comfortwash, Hanes Beefy-T, Bonds, DIM, Sheridan, Bras N Things, Lovable, Wonderbra, Berlei, Abanderado, Shock Absorber, Zorba, Explorer, Sol y Oro, Maidenform, Rinbros, and Bellinda brand names. The company markets its products through retailers, wholesalers, and third-party embellishers. As of January 2, 2022, it operated 216 retail and direct outlet stores in the United States and the Commonwealth of Puerto Rico, as well as 626 retail and outlet stores internationally. The company also sells its products in Europe, Australia, Asia, Latin America, Canada, the Middle East, Africa, Mexico, and Brazil. Hanesbrands Inc. was founded in 1901 and is headquartered in Winston-Salem, North Carolina.
HBI ShortThe "falling three methods" is a bearish, five-candle continuation pattern that signals an interruption, but not a reversal, of the current downtrend. I would short below the yellow trend line support on a break and close of it with a 1 hour candle and with a stop loss just above the trend line. There was huge red volume spike and oscillators are looking bearish trading below the zero line. The next candle in the formation should be a red candle breaking down below the trend line or of the last candle . It could bounce off that trend line So be careful and use a stop loss and wait for confirmation of a breakdown of the trend line
NEW POSITION $HBI Target 22.77 for 23.01% + DIVY$HBI Target 22.77 for 23.01%
Or double position at 14.25
Here is another one that I started for the DIVY bonus. 😜
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Pennant (Bullish)The price seems to be resuming a sharp rally after taking a brief pause.
A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.