H1BI34 trade ideas
HBI Breaking Down From Bear FlagHBI is breaking down from a bear flag and is trading below key short-term moving averages. Looks like a test of the 50-day is on deck. No position but will look to buy puts if markets continue to weaken
HBI break in trendHBI broke out of the 5 year trend line and retested it and is forming a clear bull flag just under 15.00 resistance.
HBI Bullish Retest of 200 day 50 day providing support after step drop on earnings. 5 year down trend attempting to reverse and break through 200 day creating future 50 day crossover of 200 day.
I welcome all comments on technicals that may be misrepresented, but middle of the road RSI showing support for a steady run in to Feb with potential for better than expected earnings. Target $19 similar to the feb 2019 highs after a bullish reversal in late 2018
LOOKING FOR A BOUNCE OFF SUPPORTPRICE ACTION COULD BREAK DOWN A LITTLE FURTHER, THEN LOOK FOR ENTRY.
HanesBrands Bounce Back?Recently, HanesBrands dropped due to some lower than expected earnings.
However, it looks like there are signs of a bounce back.
The RSI indicated that it was oversold
And the MACD is about to cross over
It's looking like a very nice reversal setup
Target Price:15.50 by December 5th
HBI winter seasonal playHBI is oversold. I just got in at 9:45am with $13 long calls. I expect the maker of Champion sweat wear, Hanes underwear, thermals, socks, yada, to get back to the $17 range before the end of the year. Hanesbrands (HBI) reported 3rd Quarter September 2020 earnings of $0.42 per share on revenue of $1.8 billion. The consensus earnings estimate was $0.36 per share on revenue of $1.6 billion. The company said it expects fourth quarter earnings of $0.25 to $0.30 per share on revenue of $1.60 billion to $1.66 billion. The current consensus earnings estimate is $0.41 per share on revenue of $1.66 billion for the quarter ending December 31, 2020. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
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buyHBI
cmp-15.78
High probability to move towards 16.4,17,5 and 19++
stoploss will be 14.5 on closing basis
HANESBRANDS OptionHey people, HANESBRANDS is in a fake bearish configuration with a big four explosion in sell volume and a long wick. In the TIMEFRAME 1Min a bull shadow on an early uptrend hums over the Vwap. So with all these conditions are met for the title to go up, big possibility of reaching the next high. Then breakout the consolidation area and go wipe the losses on the previous high. We may want to try again to breakout the new consolidation zone to reach the last high point.
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Long HBII'm learning all this- please do your own DD and feel free to criticize my work
I jumped on entry too soon but it was 50% of my original position intended and yes - if it ends up bouncing from here then i'll just put my SL on my entry , if not then i'll update the idea
I'm thinking of little long term hold on this -like December or so considering Holiday season should in theory help. Yes, it's in long term downtrend but even in a downtrend we get waves.
HBI - Who's trading? UPDATE!Current Position - 100 shares at 9.9$ (holding since Friday, May 29)
Exit Target - 11.5$
Bullish on this one. Indicators and trading volume indicating a rise in price. I've been following this stock since Friday and if I don't get to sell today at my target price, I will hold for one more day. If things go south, exiting at 9.25$ assuming a small loss. Very optimistic about this one since the entry set up looks more than ideal. Anyone else trading this stock today? I would appreciate learning how to become a better day trader from the professionals in this app.
HBI - Who's trading ?This morning I decided to add HBI to my watchlist. The current price is $10.21. Support levels at 9.30 and resistance at 14.85. Had a pretty big dip in price yesterday of over a $1 per share (about 10% loss). I've read a variety of opinions on this one. Group chats seem to be equally divided among bears and bulls. Personally, I'm going bullish on this one. I do not plan to hold this stock longer than a day a two. I plan on entering anywhere between the current price and 10.30.
Indicator Analysis
Price pierced through EMA, candlesticks trading above moving average in shorter time frames, however, no definite cross has been made in longer period time frames.
Short-period about to cross the orange line from below the zero line. One minute and 3-minute time frames showing the short period already pierced through.
The Current price is already trading below the lower Bollinger band. In shorter time frames, price is close to the middle Bollinger band, hopefully an uptrend is on its way.
Placing my entry order at 10.30, exiting at 12.25. Not looking for something big, just a quick hundred dollars hopefully.
Any thoughts? I would appreciate hearing from the experienced day traders out there. I'm 21 and started day trading just a few weeks ago after losing my time for 4 years following fundamentalists. I like having conversations with people that will help me grow within my journey rather than bullshit on me for my age.
Stock HBI SeasonalityStock HBI seasonality starts to Buy date on February 4 and ends Sell date on April 3
Percent Profitable is 92.31% in 13 years and an average return of 15.11% per year
Hane's (HBI) is destined to dropFrom the impulse wave down in Q2 we see HBI made a .382- retracement before making a 1.27+ extension. Again from the impulse wave down in Q3 Hanes retraced again .382- it is now consolidating and interestingly we are one day away from the time period it took for HBI to breakdown in late June, early July; will history repeat itself?
