TJX trade ideas
TJX - short from 77.50 TJX forming a bear flag, it has a sharp drop & now consolidating. Money-flow has neg-divergence & going down in the negative side. It also has insider selling.
We think it will decline from here & can drop as low as 73
You can check our detailed analysis on TJX in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 3:10"
Trade Status: pending
TJX - double bottom forming in long term uptrendDouble Bottom
Status: Closed Long
Horizontal S&R: monthly
Channel S&R: yes
MA S&R: no
Stochastic turn/crossover above 80%: no
AO divergence >0= 85: yes
Price Fib Ext >1.382: yes
Next Earnings date: 8/19/14
Increasing EPS: no - missed
Increasing Rev: no - missed
www.estimize.com
*stop 1 atr below swing low.
** first price target is 50% the move from entry price to previous high.
***No Biotech
Any feedback is welcomed! Thx
Cost basis: 53.35
Stop:
First price target:
Potential Bullish Bat Pattern on TJXBullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently.
There also seems to be a rough bat pattern behind this pattern that started with the October 8th lows - with rejection candles that probed previous highs of that 'XA' leg ; however, the 'D' point of that pattern, (or the 'X' point of this pattern) never officially touched the .886 retracement level - but is still worth noting in my opinion.
Entry: 56.63
Stop Loss: 55.72
Profit Target: 58.45
Risk/Reward: 1:2
Get The Scoop & Enter The Sweeps #FashionWeek #MBFW Preview CharBeauty's Notes as we head into Mercedes-Benz Fashion Week NYC. The long in this name has held, with a couple of pull-backs and NOW it is hurting along with many others. (( The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company operates in four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. Its apparel and home fashions chains sell family apparel, including footwear and accessories; fine jewelry and accessories; and home fashions comprising home basics, accent furniture, lamps, rugs, wall dcor, decorative accessories, and giftware, as well as other merchandise. The company operates its stores under the T.J. Maxx, Marshalls, HomeGoods, Winners, HomeSense, T.K. Maxx, and Sierra Trading Post trademarks. The TJX Companies, Inc. also sells its products through SierraTradingPost.com in the United States. As of February 27, 2013, it operated 1,036 T.J. Maxx, 904 Marshalls, 415 HomeGoods, and 4 Sierra Trading Post stores in the United States; 222 Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 343 T.K. Maxx and 24 HomeSense stores in Europe. The company was founded in 1956 and is headquartered in Framingham, Massachusetts. courtesy ffiz ))