FLWS PutsThe entire market and retail category crashed because of COVID panic but FLWS held strong for some reason. I think part of it has got to do with its profitability. Which seems to be a distraction to the larger slow down happening.
With the increasing spread of the virus, businesses and their employees are going to be tighter with their wallets. We should see some slow down on the Mar job numbers
Credit-Card Debt in U.S. Rises to Record $930 Billion (q4 2019), meaning payments were late by 90 days or more, rose to 5.32% in the fourth quarter. Debt holders were mostly aged 18-29
FLWS trade ideas
FLWS BIG Continuation | Easy LootYoo What Up Traders, This week has been pretty nice. Almost a 800% play since entry last week! If we can hold this channel and breakout above, I think we will see another nice push up during after-hours.
Will it continue pushing?
Still sitting in previous contracts listed in ideas listed below... Easy Loot!
Buying some mid term CALLS on 1800-FLOWERS.comRandom company. Midcaps should do well in the next few weeks, especially ones that sell to domestic US markets and have very little exposure to the trade war risk. Somewhat of confluence in this chart with inverted head and shoulder pattern on very high time frame, bottomed out RSI with a clean retest of the neckline.
this is either a good buying opportunity, or the beginning of a new trend to the downside, thus you can use a stop loss of about 2-4% and trade that risk for a potential of 10-15% of upside within the next month
good luck happy trading
$FLWS Massive Pullback Imminent Currently looks over-extended at $18.55. Last time price reached these levels were in the early 2000s. Based on the current market structure, recent double/triple top formation patterns, and Elliott wave there is a chance that this stock sees a massive pullback to $17.50. If it breaks support here, then looking for next support around $16.50. All of this can potentially happen before or after May 2nd earnings report (Estimate: $-.19 per share).
FLWS forming clear flag/triangle, dramatic move in future8 day chart shows FLWS forming a floor around $7.47 and a downward sloping ceiling. If FLWS breaks through ceiling could have room to run up. Breaking below floor could lead to a further decline. May run sideways for a few days before breaking eitherway