CWH trade ideas
good buy the dip potential into monster earningscwh is coming off another monster rally after a period of consolidation. with earnings coming up i expect a pullback down as far as 30, after which the next leg up will start as the market continues to price in the new secular trends changing american recreation
CWH IdeaCWH will be a watch for the week of 10/5.
There has been consolidation over the last 6-8 weeks and there is a chance at a break out.
We have the buy signal with the MACD indicator, and RSI looks like it has some more room to go.
I will be watching closely tomorrow (10/5). If CWH can break 33.43, next level is 36.71
CWH - Sell set up - Elliottwave analysis CWH - it has completed imuplse cycle in 4 hr time frame and now correcting down in WXY correction. Y is in progress where 1st of C of Y seems about to finish and waiting for 2nd wave correction. so sell near 30-31 range with stops above 32.23 for target below 26-24 level. This is swing set up and price should start moving in favour as C wave is always an impulse cycle.
CWH (Camping World Holdings Inc) - dump it for small down side CWH (Camping World Holdings Inc) is in ABC zigzag correction, where it is in 4th subwave of 3rd wave down in C wave cycle. so sell it today for target around 28.60 or lower, where 3rd wave will end and then again bounce of 4th wave will expected to come again in the current range. which will again fade down for new low of final move of C wave.
CWH (Camping World Holdings Inc) - dump it downCWH (Camping World Holdings Inc) as completed impulse cycle and started under-performing the SPX. It has complted wave A down as impulse and B as correction. Now it starts dumping in 3rd of C wave, so sell around 33.10-33.50 with stops above 34.22 for target below 28.80 or lower.
BUY to CAMPING WORLD HOLDINGSHey my friends, CAMPING WORLD HOLDINGS is in a bullish situation, refusal of buyers on a sales volume and the test before a high volume has been executed in this case all the conditions are met to go up. CAMPING WORLD HOLDINGS is on a strong trend support which has just tested to break out of the consolidation zone and
land in the new area. If the buyers find the price interesting, we can go to the top of it or even go to the next higher.
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My Favorite Dip of the Day: CWHRight now, looking at CWH with earnings and everything, I see why people are concerned. They are bidding against Marcus because earnings during a pandemic for commercial RVs are seemingly low. However, this is expected. Given retail had a huge hit and not lots of people would be outdoors, camping supplies, RVs, etc. aren't expected to have higher growth in sales. Also, I expect Camping World's business strategy is diversification over time likely into a holdings company. Until that happens, the risk isn't too high given the volume for demand will likely increase post-covid. Historically, this stock had some stable price correlations. This is why I think as a long hold, today may be a decent entry given the dip. Invest in the red, sell in the green is usually the most profitable way to go. That being said, please keep in mind everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
