long position on SMDSMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
SMDS trade ideas
Value area tradingup trending value area
long trade entry at the bottom edge of value area
target control line
Shifting value areaValue shifting from a big downtrend where sellers are in control
to a smaller up trend where buyers are in control
Something worth considering!SMDS received a new revised contract for Amazon UK packaging starting 2021.
The list of clients for 2021 is huge, and a very high demand for card board packaging and corrugated card board boxes.
Their half early reports are showing a promising 8% return on sales! (ROS) and revenue to £2,889m (9%) INCREASE!
As usual the company was hit by the pandemic but recovered as Amazon soared up and holding the price level still.
A bullish trend is expected.
This might result in a steep increase to 520p by First quarter.
Correct me if I'm wrong!
Financials:
dssmith.com/investors/investor-information/rns-statements/2020/12/half-year-report
Good Luck!
Time for a reversal?I see trend and fib colliding, so is this the bottom for now?
I believe there is a good chance this could be it, especially with the downward speed we've seen.
Happy trading
Resumption of LT trend on SMDSRecent promotion to FTSE 100 and a spate of good news and results pushed SMDS to new heights and since year-end results profit takers have corrected the share price. Oiutlok for this share is bullish based on recent market news and the same heights will undoubtedly be re-hit in the near future.
Trend reversal in early June was indicated by the double top and expect to see a resumption into the long-term upward trend within an established band with the direction of short term volatility being indicated be the 20 & 100 MA
Look for an entry point @ 482 with and option to top up if the price reverses tot the bottom of the channel @ 455. Stop below the short-term support @ 427.
#SMDS - (LSE) - DS Smith - Buy (Again)So if we look back at my chart from the 11th April you will SMDS paid off nicely for us hitting both targets.
Since then the company has moved into the FTSE 100 and has shown good growth over the last year. We have seen a small pull back to the 520 area after profits came in slightly lower than expected.
Technically the RSI & STOCH are shown oversold. Volume is steady at over 4m.
Looking at an entry above todays high. Stop at 500, TP 600.
$SMDS - DS Smith PLC (LSE) - Potential longWe've had a potential long set up on SMDS with the market indicating its in oversold territory.
Todays close is a strong bullish candle engulfing the previous two days price action. I want to see price break 432 for a long or a pull back to 420-425 with some decent rejection from this level.
Financials look good, technicals look strong.
DS Smith PLCAdding to WL - Potential Weakness - subject to Break of the MT Horizontal Support ... watching here.
