TJX trade ideas
$TJX can rise in the next daysContextual immersion trading strategy idea.
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $62,28;
stop-loss — $60,02.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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$TJX projected with a slight bullish outlook$TJX projected with a slight bullish outlook after a positive over reaction following its release with the PEAD placing the stock in Drift B
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TJX 23% profit / Long trade 52.98 -> 65.01 / Stop Loss: 49.97Short-term trade idea for NYSE:TJX .
Long trade 52.98 -> 65.01 / Stop Loss: 49.97 (use Trailing Stop with 3.01 below the market).
Profit: 23%, Risk: 5.5%, Risk ratio = 1/4 for all our ideas.
Size: no more 5% of the portfolio for all our ideas.
All equities from our ideas was fundamentally checked and have good ratios (P/E, Debt/Equity, Sales past 5Y, Profit Margin) together with strong long-term up trends.
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PAY To TJXHey traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. TJX is in a compression zone, it is plausible that it touches below and breaks from above...
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TJX - J. Maxx, Marshalls, and Home Goods brands UpdateTJX s is off-price retailer TJX Companies (NYSE:TJX), which owns T.J. Maxx, Marshalls, and Home Goods brands.
The chain, which offers a wide selection of well-known designer brands at a steep discount, is likely to benefit from the end of stay-at-home measures as consumers migrate to discount retailers in search of value, especially in light of still-extensive unemployment and the recessionary trend currently hitting global economies.
TJX: Brick and Mortar Merchant Hits ResistanceIt’s no secret that social distancing is bad for retailers. But one name in the space has held up better than most and may now be at risk of a move lower: TJX .
TJX, the parent of Marshall’s and TJX Maxx, had a strong bounce between mid-March and April 9. But since then it’s run into a wall of selling at $50. That’s the same level where it bottomed last May and August. Old support is new resistance. Not bullish.
The entire rally of late may now be turning into a bear flag that’s at risk of breaking.
Momentum is also showing signs of weakness as MACD nears a bearish cross and the 8-day exponential moving average turns lower.
It could also make sense fundamentally because TJX relies heavily on physical stores rather than e-commerce. The word “digital” didn’t appear anywhere in its last earnings report.
However, management did say “Customer traffic was the primary driver of the comp store sales increase.” That was great in the pre-Covid world, but what about now?
Earnings are estimated for May 18.