THS long breakoutTreehouse Foods is a packaged foods stock showing tell-tale signs of a pending breakout.
The stock is completing a double cup with handle pattern on a nice volatility compression. Pullbacks have shallowed, and the stock now trades in a tight 2% range. This allows for a low-risk entry on the breakout.
We are also seeing volume dry up in this tight range - a sign that sellers have been exhausted and the stock is becoming harder to buy.
I am looking to buy on a move above 43.25 with a stop at 39.75 for an 8% risk.
THS trade ideas
THSI'm not sure that the correction is over, I always expect a catch, especially in the range of values 0, 5-0, 618 from the fall, maybe the b-wave is the most insidious (IMHO).
However, the 3rd wave was very extended and there could be a correction to the top of the first wave, but it happens very rarely. Below, of course, all models break.
43.5 or current, look more accurately on a smaller timeframe and depending on your attitude to risk.
Treehouse Foods looks interesting for futureNYSE:THS monthly chart is showing bullish divergence and major support at 36~38$. This is now under close monitoring only looking for a long position if it confirms a possible bullish move.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
The Value of TREEHOUSE FOODS DailyHello traders, TREEHOUSE FOODS is in a bearish fake dynamic with a large volume of past buying and a kind of upside down hammer candle. Looking at the TIMEFRAME M1 we observed a form of marubozu a seller trace, which came bouncing on the bollinger base. With a low explosion in traded sales volume it is heading to its next low point which is outside the comfort zone to make a turnaround. To return to test the several stages of the bollinger to go to the broken VWAP and reach the top of the comfort zone to re-test it. There is a great chance that the price will breakout with the return of momentum in both the area to land in the one above and to get on the coming high.
Followed by two resistors before breakout of a comfort zone an adjustment is three for (the TIMEFRAME H4). Little buying force to test half of ANDREWS PITCHFORK's intermediate median.
Please LIKE & FOLLOW, thank you!
$THS can fall in the next daysContextual immersion trading strategy idea.
TreeHouse Foods, Inc. operates as a consumer packaged food and beverage manufacturer in the United States and internationally.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $41,56;
stop-loss — $44,95.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Dow drops 666 points :( #7 THS)This is my fourth Consumer Non-Durable Company that I find with problems in your stock price and now whit the bad news in the horizon.
(The threat of higher interest rates this year)
Even in this case is not necessary to wait for a pullback because the price already made this and now I can identify a clear swing high after the pullback.
What more can I say, The sky is falling.