$RH heading back to ER highs just like $LULUJust grinding and grinding and grinding Would think 120.50 gets done
0KTF trade ideas
RH testing supports from May; look for upward triangle breakoutRestoration Hardware, which gapped upward on an earnings surprise a few days ago, has been in a sharp downward triangle ever since. Today it's testing a support zone from about 105.30 to 109.60. I wouldn't be surprised to see an upward breakout from the triangle, especially considering the strong retail sales report the Commerce Department released. To be honest, I'm a little surprised RH has stayed in its triangle at all today.
$RH INVESTORS TAKE A COMFY SEAT, 28% POP, ON GREAT GUIDANCE. This was a quarter that many were worried about, thus the decline pre earnings, the cloud of China trade has scared investors away. The earnings were a blowout rather than a beat, with adjusted earnings of $1.85 per share rather than the $1.53 expected, while revenue also beat by $14million.
RH also addressed the rising trade tensions between Washington and Beijing saying that it doesn't believe the "current trade climate will impair our ability to achieve our stated financial goals." The company has worked hard on sourcing, negotiating and pricing to maintain margins while not effecting sales.
The 28% jump today is fantastic but it is a missed opportunity, don't fret this stock will go back to the $160 level and a all time high soon, a opportunity above the 200ma or the gap fill level will still reward you with a + 20% return.
RH: Never a doubt when posted the setup yesterday...look whathappened. Prices marked and this thing will have some short squeeze. No clue where is this going to go. Should make lots of it's losses from last earnings. Buckle up, you ain't seen enough yet. 130-140 in 2 weeks.
RH: Reporting tonight. Remember my chart last erDon't forget. This time it is different. Massive move up coming imho. Massive.
RH (RH)(NYSE) Sel Limit $120.17 >>> Target $100.17NYSE:RH
Yahoo Trends:
3 - Strong Buy
16 - Hold
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Sell Limit - $120.17
Take Profit - $100.17
Stop Loss - $136.77
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Take Profit = +16.61%
Stop Loss = -13.85%
Update to RH SwingTook 10% off mid day today around half an R, after close trailing stop based on hourly/daily.
RH swing tradeOverdone to the downside with a decent earnings report? 100sma on the weekly with possible flush out on Monday am. Let's try it
RH: Took me way longer to analyze thisEarning is due this week. Shorts in this name is in abundance.
Technically this has plenty of downside. Actually I looked at the charts few days ago and posted a quick note in STwits and did mention my bearish stance and sure enough it did come down on Friday.
Look at this chart, same price level few months ago when it started to make a run, it had a reversal candle. Now we are in exact same price level and once again we have a reversal candle and pointing towards lower prices.
I will 100% add my puts play on Monday and see what happens.
GL
RH Looking to get LONG on a drop back to $110 and 100% UpsideTitle says it all - looking to get long deep ITM calls at $110 #stocks #trading #fintech #crypto #retail
RH the carnage about to continueOne of my favorite shorts. The uptrend is dead. No near term support. $110 area likely in the cards soon.
RH: This is a text book c&h breakout. None better than this.Was explaining a friend what C&H formation can do and how they look like.
$RH Restoration Hardware major earnings beat$RH Restoration Hardware major earnings beat yesterday. This is just an observation. I would not advise shorting this, but in my opinion $158-$159 range could prove to be the short term top. This is not investment advice.
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.
