RH trade ideas
RH: Cycle completion after earnings rally?quicklook: High probability that RH has come to the conclusion of its year-long rally. Long-term outlook on the left, short-term on the right.
Since this idea covers weeks-months, won't go too in-depth but will try to post weekly updates
Entered short position. on the pop to 575. Let's see how this goes
$RH with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $RH after a Positive Under reaction following its earnings release placing the stock in drift A
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RH: Ascending Triangle, awaiting confirmation (44%)Ascending Triangle, awaiting confirmation (44%)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
R/R ratio above 9
RS above 0
200MA ascending
250RSI above 50 and ascending
ATR ascending
Cons: RS Flat
Target:
PT = 751.60$
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This is not financial advice.
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RH: About to smak hard if you're shorting this.Be a good trader by reading and analyzing names on technical basis. There are plenty of "gurus" out there and will give you all kinda suggestions. Stand up for your finances and empower yourself.
Prices marked and gl.
RH earnings preview Soared this week with most retail store stocks. It's been trading sideways in consolidation(Purple box) since around the end of December.
If you look at the RSI , you'll see it Broke its down trend line on March 16th and has alot of room to go I'll be looking for an entry above 524 (Yellow line). Any continuation on to the next Targets (greenlines) would be a new uptrend. Earnings is on the 24th, and that's always a gamble unless you know a friend who heard it from a friend 😏
$RH I didn't forget about you...Is this chart going to come back in play? Still have some lotto $450 puts from earlier in the week, should look further out today as a hedge
$RH IF, big if it continues...I'll try one more time with this, 300% on yesterday's $475 puts, grabbing a few cheap $450's now with profits...
Channel tradeRH has been on nice uptrend for a while now. Broke through channel divider (Redline) and if history repeats its headed to the top. Volume was higher then the day before and that's what you want to see when a stock is making new highs. Targets are greenlines.
congrats to anyone who played thisthis is a great uptrend but the perfect entry would be a dip to the bottom trendline, maybe im just jealous im not in? haha xD it could continue up from here though. ive been wrong before.. gl!
$RH with a slight bearish outlook after earning release$RH is projected to have a slight bearish outlook as per PEAD after a negative under reaction following its earning release placing the stock in Drift C
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RH, Aroon Indicator entered an Uptrend on Dec 07, 2020.Over the last three days, Tickeron's A.I.dvisor has detected that RH's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 335 similar cases, 285 of which were successful. Based on this data, the odds of success are 85%. Current price $465.83 is above $390.14 the highest support line found by Tickeron A.I. Throughout the month of 11/04/20 - 12/07/20, the price experienced a +24% Uptrend. During the week of 11/30/20 - 12/07/20, the stock enjoyed a +3% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 09, 2020. You may want to consider a long position or call options on RH as a result. In 64 of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for RH just turned positive on November 05, 2020. Looking at past instances where RH's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 36 of 44 cases over the following month. The odds of a continued upward trend are 82%.
RH moved above its 50-day Moving Average on November 04, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for RH crossed bullishly above the 50-day moving average on November 11, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 11 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 73%.
Following a +2.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where RH advanced for three days, in 271 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 285 of 335 cases where RH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 85%.
RH Ready to Fall?Just some lines that seem important..
Also I think the mass relocation of the affluent class is coming to an end as these were the first people to start moving. Add in dependency on Asia for inventory (70% total and 38% China) and all of the logistical issues of global supply chains and I think the music is starting to fade.
$RH good relative strength and box breakoutRH resisted the market correction well showing good relative strength.
Setting up for a breakout potential.
RH 3 drive and pennant targetNot playing this, charting for my followers....
$475 target, remember they did extremely well last quarter on earnings so probably hits that before earnings. COuld be sell the news type event like HD though.
BUY 1 BUTTERFLY RH 100 20 NOV 20 390/400/410 CALL @1.06 LMTOTM Butterfly for next week. illiquid stock, haven't traded in a while but feel very clear about the set-up.
Daily squeeze, stacked EMAs on 1h and Daily.
