JAKK RSI RisingIt's nice to see the RSI leaving the oversold area for NASDAQ:JAKK and rising. The targets for this stock are in red back to the 12 day moving average and the 29 day moving average. I see there is some volume interest showing up and a 232 reversal in progress using the STRAT. Longby GlennTradingUpdated 1
JAKK - New Watchlist StockAnalysis and Opinion based on my chart setup: I have added JAKK to my watchlist for its upside potential. It's not in a position for entry for me, based on how I use my chart setup. Since it is a Renko chart, time is irrelevant so it could be tomorrow or next month before it's a entry. My chart Indicator Settings: Renko chart style. I set mine at 26 to play the longer trends but dropped it to 20 today (not much additional price action chatter shows up, which is what I want to avoid). SMAs = 2,4,6,8, 18 (was set at 33 but dropped it to 18 for a bit more accuracy) StochRSI = k=2, D=3, RSI Length = 1, Stochastic Length =2 DPO = Length of 1 with "Gaps" selected, "Centered" selected My heads up that a reversal is approaching is: 1) SMA's 2,4, 6 have changed color 2) StochRSI is at 0 3) DPO is at a low 4) Renko had changed color (often the "projection" block which is a feature and color setting) My entry is based on multi confirmations: 1) Renko has changed color 2) StochRSI has come off of 0 to 30.00 3) DPO has made its first move off its low. 4) SMA 2 has crossed 4, 6 even better 8 which means a more aggressive price action. Disclaimer: I have no holdings in this stock as of the post. Will not enter until the indicators move into a position that fits my entry strategy. Longby mellisv0
Look at Me!Here's a long I'm looking at. Not sure if to take profit at the next fib line or wait until it hits the higher targets.Longby Maximum_Moon110
JAKK - Short - LongJakks Pacific, Inc. is an American company that designs and markets toys and consumer products, with a range of products that feature numerous children's toy licenses. Those investors may short their long soon. When their do, it will pullback. That's when I will go long on JAKK.Shortby TradingtheOpportunitiesUpdated 0
JAKK is on the movenice move by JAKK for last couple of days. worth keeping an eye. looking for $15.37 break could send higher imo Longby karansaroya71
JAKK - Do you know what a bottom looks like? Stairway to heavenBottom confirmed on weekly and daily. Targets high aboveLongby joka21891
JAKK - expecting rally on earnings releaseJAKK has very decent fundamentals. The whole industry seems to be doing okay, leaving JAKK lagging behind. If we look at all earnings releases in the past 3 years, they work the same way: 1) if there's a strong prior move up, the stock crashes on earnings release (even if it beats expectations 6-20%) 2) If there's a strong prior move down, the stock rallies on earnings release (again, almost regardless of hit/miss on estimates) The Q2 earnings release had a scenario very similar to what's happening right before Monday's Q3 release - long rally up, sharp retracement, then flat and big rally on earnings release. As you can see in the chart, it's in the same setup and if they print a decent number, we should be going up.Longby Paprik0
JAKK - Attempting weekly breakoutJAKK is trying to put in what looks to be a breakout on the weekly chart of a downtrend going back to 2012. This stock is also heavily shorted, in excess of 40% of float (april 15th data). The combination of these two may push JAKK higher over the medium term. Initial target is 8.25 and secondary target is 9.50 level. Currently long and will look to add if pulls back to 7.5.Longby SMP993
Earning coming soon!two scenarios, depends on earnings estimates seem to be accurate in the pastby ChimbOt2
Jakks Breakout w 40% short interest. ER next week as wellLarge short interest and stock is greatly undervalued. Trades at less than half the multiple of Peers Mattel and Hasbro. Has hottest toy of the year with licenses from Disney for mega hot Frozen toys. Reports earnings next Thursday and estimates are low setting them up for a monster beat. Analysts consensus PT is $10. With Mattel Losing its disney license to Hasbro and the stock getting slaughtered... they would be wise to make a move to acquire JAKKs. There has also been some unusual bullish option activity in the last week at the $7.50 and $10 Strikes. Longby Osborne8200
Low Float High Short = Money SqueezeUPDATE: I like the MACD crossing and still going up. ADX is showing strong signs as well. Not a fan of Stoch being in overbought area though. Needs to close above first line of resistance. Caution is required here as earnings are close and I do not expect a strong earnings. Looking for a run into earnings which several other traders are as well. We could see some inst. drop their holdings on any strong movement. Volume is looking strong Jakk could be setting up for quite a nice money squeeze. Float is 12.8MM, 69% of float is short. Taking a position here and expect a little bit of a pullback as Full Stochastics is overbought, however, if volume is high on 10/6 morning and price increases I will buy as it could be forming Three White Soldiers pattern. First resistance is 7.90 which should be easy to break this week followed by 8.52 then a strong 9.01 resistance. Support seems to be at 7.22 followed by 6.45 Stop is .22 / 2.96% Target is 1.03 / 13.84% Longby j0turne0
40% Short squeeze setup on toy maker JAKK with hottest toy of yr40% short interest 30+ days to cover, and several buy signals shaping up. Bullish MACD Cross, Stochastics, and breaking out of a steep downtrend. New 3 month closing highs after retaking both the 50 day and 200 day moving averages this week. Weekly PAR SAR just printed bullish as well. Would jump in or add on the break of $7.50. On a fundamental basis they completed a restructuring and trade at a steep discount to peers Mattel and Hasbro. Takeover candidate as well. Longby Osborne8200
Possible bottoming reversal Monday confirms. Like over 5.77Potentially working off oversold conditions. Nice bullish engulfing reversal candle. Like entry over 5.77 as this is an intermediate down trendline break. Scalp Monday play or may get long term swing through Christmas on this play. I may pick up some March 2014 leaps on this one with some common.Longby paulwollc50