Long at this yearly level!I normally dont take trades like this. I havent been the best at catching trending stocks as they're already going up. I really like this chart for higher. I am going to hold a long term position from this level.
PPC trade ideas
New Setup: PPCPPC: I have a swing trade setup. I'm looking to enter long if the stock can manage to CLOSE above the 5SMA. If triggered, I will then place a stop-loss below (SL) and a price target above it(TP-50%,move SL to breakeven), then using the close below the 10SMA as a trailing stop loss.
********
Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(3).
PPC Long. Want to hold here and make new highs. If this doesn't hold we are going way lower in my opinion.
New Setup: PPCPPC: I have a green setup signal(dot Indictor). It has an excellent risk-to-reward ratio(RR:). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP1-50%,move SL to breakeven)(TP2-50%).
********
Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
Pilgrims Pride Might Be Worth A LookWith some overall market momentum from the interest rate change by the Fed I thought this stock might be worth a look.
Pure technical play only.
Sub $100 stock
Has had a strong 100% run
Has had a recent 15% pullback
Looks like it is heading back up
Strong volume
RSI at a value area and heading back up
MACD at a value area and looking like its heading back up
🐔💼 Pilgrim’s Pride Corporation (PPC) Update! 📈🌟📊 Key Points:
New Leadership: Ivan Siqueira appointed as president of Pilgrim’s Europe to enhance synergy and growth.
E-commerce Growth: PPC experiences a 48% sales increase in 2022, with e-commerce now constituting 23% of revenue from branded products.
Mexico Business: PPC's Mexico business shows improved results despite market challenges, benefiting from strong brands and key customer relationships.
📈 Outlook and Targets:
Bullish Sentiment: Positive developments drive bullish sentiment for PPC.
Upside Target: Set at $50.00-$52.00, reflecting confidence in future growth.
Entry Point: Bullish outlook above the $29.00-$30.00 mark.
🚀 Potential for Growth: With strategic leadership appointments, e-commerce growth, and resilient business performance in Mexico, PPC is positioned for continued success and potential stock appreciation. 📈🐔 #PPC #BullishOutlook 🌟📊
PILGRIMS PRIDE CORP Analysis DailyHey traders, PILGRIMS PRIDE CORP is a bearish fake setup with a large buying volume and a water carrying candle. By leaning on the TIMEFRAME M1 We see a marubozu with a large volume of past sales which goes in the direction of its last previous lower break the VWAP to make a turnaround There is a great chance of breaking the VWAP in force breakout the price to come to the top of the consolidation zone to test its resistance for the breakout and to land on the second zone and to land on the high point See the TIMEFRAME H4 and H1. Not enough buying power to breakout the consolidation zone again and test the TREND BASED FIBONACCI EXTENSION which is the line that tells the story of PILGRIMS PRIDE CORP.
Please LIKE & FOLLOW, thank you!
PPC: Continuation of the downtrend.The downtrend may continue after the breakout of the support level at 13.74. Poor third-quarter performance or the fall in major stock indices may be additional factors in favor of the fall.
Portfolio Savior - PPC Protein is allPPC is a predictable stk that I have been trading for a very long time. It has its own pulse, culture, ignores the supply chain, usually defies overall mrkt sentiment. But a honey to trade. Easily a day to swing to lt hold, but as fickle as she can be-she'll often offer treble rewards for your risk.
Two factors are at work hereOver the longer term the Chinese pork herd is decimated by swine flu. It will take years to recover. So it is strongly expected that substitution to chicken will lead to stronger chicken volume and pricing. However over the near term the US corn crop looks very poor right now due to poor planting conditions. The fear is that feed prices will rise.
The reports I've read suggest substitution to chicken will have a far greater impact on prices than feed costs will.
Market's MemoryOne of the main reasons that Price Action works so well is because the market has a memory. Here, I have studied the price behavior of Pilgrim's Pride and its relations to the Fibonacci levels. Ever since the start of this ticker in the exchange, the price has indicated sensitivity to the 50% Fibonacci level after a strong bearish move ends. In other words, whenever there was a strong bearish move and the stock bottomed and began to rise, it reached or came close to the 50% Fibonacci level only to move down thereafter. This is precisely the case if the price retraces up to the 38.2% level after the previous downward move. This is repeated twice; June 2012 and May 2016. In both cases, the price has a very strong downward momentum. Eventually, when the downward momentum ends, the price begins to move upwards. It passes the 38.2% Fibonacci, comes close or even touches the 50% Fibonacci, and moves downward right after. The bearish move the follows pushes the price as low as the 23.6% Fib.
All this said, how can we generate some money from this? The following is my trading style for this observation. In the case the same scenario is forming, I will first wait for the price to pass the 38.2% Fib and keep watching until the price touches or comes close to 50% Fib. At this point, I will use the Awesome Oscillator as my trigger. Whenever the color of the AO changes to red, I will open a short position considering other parameters of my trading methodology (i.e. Money Management).
I believe the same scenario is about to form for another time. I will definitely keep watching the stock for any trading opportunity and I will post if something emerged.
Pilgrim Pride Corporation (PPC): Bullish TrendTrade Idea: Bullish View for PPC
Trend Indicators: Ichimoku (9,26,52), MACD, OBOS
Daily View Rationale
1) Breakout of Chiku Span above Chiku Span B (Daily)
Weekly View Rational
1) MACD Breakout above Signal Line (Weekly)
2) Weekly OBOS (Positive)
Key resistance (Fib Retracement)
1) 20.88
2) 23.98
3) 26.63
Entry: 18.93
Exit: 20.6 (first exit)
Risk/Reward: 1.92
Invalidate:
PPC - Oversold Hook Trade SetupPPC - January 5, 2019 - Trade Setup
With a recent break over the 8ma,
PPC has a good oversold hook setup
that looks to retest the 20ma at 16.17
and could even move to candlestick
resistance at 17.
PPC: Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 17.40- 17.69 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
