TJX trade ideas
TJX: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
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.
Reversal and going up! Hey guys!
I am buying this trade. As you can see form the chart that it it is a reversal heads/shoulders at the end of an impulse wave. Interestingly it is also the end of the C wave. It also makes a divergence at the bottom.
I say this is a good buy. I am buying at the current market price for today.
Entry: $70.40
S/L: $66.50
PT: $79.00
TJX - short from 77.50 TJX forming a bear flag, it has a sharp drop & now consolidating. Money-flow has neg-divergence & going down in the negative side. It also has insider selling.
We think it will decline from here & can drop as low as 73
You can check our detailed analysis on TJX in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 3:10"
Trade Status: pending
TJX - double bottom forming in long term uptrendDouble Bottom
Status: Closed Long
Horizontal S&R: monthly
Channel S&R: yes
MA S&R: no
Stochastic turn/crossover above 80%: no
AO divergence >0= 85: yes
Price Fib Ext >1.382: yes
Next Earnings date: 8/19/14
Increasing EPS: no - missed
Increasing Rev: no - missed
www.estimize.com
*stop 1 atr below swing low.
** first price target is 50% the move from entry price to previous high.
***No Biotech
Any feedback is welcomed! Thx
Cost basis: 53.35
Stop:
First price target: