TLYS: Primed for BreakoutI don't know too much about their business, but just going off the chart, looks pretty primed for a breakout.
TP @ $13.29, $24.31, $41.30
TLYS trade ideas
TLYS Tilly's Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TLYS Tilly's prior to the earnings report this week,
I would consider purchasing the 7.50 usd strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Reatil leaders, looks like $TLYS is going for itThe chart is really looking good. Confirmed uptrend with a VCP formation while above its moving averages accompanied with decreasing volume. Also, it has a very good IBD Relative Strenght rating, 92 points. For me is a good stock to buy but I'm being very carefull, there has been a bunch of failed breakouts lately so wait for confirmation. I'll wait for the breakout AND how it closes on the day it makes that breakout. If the volume is high and it close above with strength then I'm buying but, with half of my position size.
After that I'll keep a close eye on the next week of trading counting the up days vs the down days. If everything looks good I'll let it run if not, I can sell half the position or the entire position. Only if the stock follows through on increased volume I would add to the position.
$TLYS Tillys Inc Moves Above 200maTilly's, Inc. engages in the retail of casual apparel, footwear, and accessories. Its stores are located in retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. The company was founded by Hezy Shaked and Tilly Levine in 1982 and is headquartered in Irvine, CA.
TLYS - Fallen angle long setupTLYS seems forming a fallen angel formation. It had a nice gap up recently with the earnings and now showing strong upward momentum. It has some insider buying as well. Overall looking very good as a long setup.
Trade setup.
TLYS - Possible long here. Stop signal 9.43. Momentum Target with target 1 being 12.87.
TLYS - Support breakdown short from $8.68 to $7.23 & lowerTLYS seems getting ready to breakdown its strong support label. It has broken below all the moving averages & if it breaks below $8.68 support label it will be on a free fall zone.
* Trade Criteria *
Date first found- March 16, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $8.68
Exit Target Criteria- $7.23 & lower
Stop Loss Criteria- $9.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
