Stock Of The Day / 01.14.25 / SIG
01.14.2025 / 
SIG
Fundamentals. Negative background due to lower fiscal fourth-quarter sales guidance.
Technical analysis.
Daily chart: We mark the nearest level 56.07, formed by the trend break in June 2023.
Premarket: Gap Down on moderate volume. We mark the premarket level 60.28.
Trading session: The price tests the premarket level after the opening and forms a pullback that does not exceed the opening impulse. After breakdown 60.28 level, we observe its retest on decreasing volumes. We consider a short trade in case the level is held.
Trading scenario: breakdown with retest of 60.28 level
Entry: 59.95 upon confirmation of the level holding by several touches and the appearance of volumes for sales.
Stop: 60.76 we hide it behind the high of the retest.
Exit: Close part of the position before the strong daily level of 56.07. Close the rest of the position at 55.00 after an unsuccessful attempt to update daily low.
Risk Rewards: 1/5
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
SIG Fundamentals. Negative background due to lower fiscal fourth-quarter sales guidance.
Technical analysis.
Daily chart: We mark the nearest level 56.07, formed by the trend break in June 2023.
Premarket: Gap Down on moderate volume. We mark the premarket level 60.28.
Trading session: The price tests the premarket level after the opening and forms a pullback that does not exceed the opening impulse. After breakdown 60.28 level, we observe its retest on decreasing volumes. We consider a short trade in case the level is held.
Trading scenario: breakdown with retest of 60.28 level
Entry: 59.95 upon confirmation of the level holding by several touches and the appearance of volumes for sales.
Stop: 60.76 we hide it behind the high of the retest.
Exit: Close part of the position before the strong daily level of 56.07. Close the rest of the position at 55.00 after an unsuccessful attempt to update daily low.
Risk Rewards: 1/5
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
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