Notes:
* Very strong up trend on all time frames
* Great earnings track record
* Forming a double bottom base for the past ~8months
* It seems like this recent gap down may be forming a handle to the double bottom base
* It needs to hold above $66.35 as support in order to stay bullish
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 1.11
Relative Strength vs. SP500: 1.11
U/D Ratio: 2.08
Base Depth: 41.69%
Distance from breakout buy point: -8.68%
Volume 5.8% above its 15 day avg.
Trade Idea:
* You can enter now as it's showing demand around its 50 day line with higher than average volume
* If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support
* This stock usually has local tops when the price closes around 10.68% above its 50 EMA
* Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA
* The last closing price is 4.3% away from its 50 EMA
* Very strong up trend on all time frames
* Great earnings track record
* Forming a double bottom base for the past ~8months
* It seems like this recent gap down may be forming a handle to the double bottom base
* It needs to hold above $66.35 as support in order to stay bullish
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 1.11
Relative Strength vs. SP500: 1.11
U/D Ratio: 2.08
Base Depth: 41.69%
Distance from breakout buy point: -8.68%
Volume 5.8% above its 15 day avg.
Trade Idea:
* You can enter now as it's showing demand around its 50 day line with higher than average volume
* If you're looking for a better entry you can look for one around the $66.35 area as that does seem like an area of support
* This stock usually has local tops when the price closes around 10.68% above its 50 EMA
* Consider selling into strength if the price closes 10.48% to 10.88% (or higher) above its 50 EMA
* The last closing price is 4.3% away from its 50 EMA
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.