HYPE3: Wait patiently until the correction is over, then pounce!HYPE3 is currently in what looks like Cycle wave B of (IV). We should wait to see how wave C of (IV) unfolds, and then, buy as soon as we have an indication it is over to ride SuperCycle Wave (V). Since Wave (III) is larger than Wave (I), it is possible for Wave (V) to be huge and an extended wave.
HYPE3 atualmente está no que parece ser uma onda cíclica B da (IV). Devemos esperar para ver o desdobramento da onda C da (IV), e, comprar assim que tivermos uma indicação que ela terminou e surfar a onda Supercíclica (V). Como a Onda (III) é maior que a onda (I), é possível que a onda (V) seja enorme e até mesmo extendida.
E-retail
Lowe's climb can continue on strong home-building dataIntroduction
Strong upward momentum for Lowe's has been slowing lately along with the rest of the market. However, I think the upward march for this stock can continue for both fundamental and technical reasons.
Fundamentals
Like nearly every other stock in this market, Lowe's is trading at a higher multiple than the stock has traditionally traded at. Unlike nearly every other stock in the market, the Lowe's multiple is actually justified by the prospect of future growth. Fidelity and Zack's both calculate the PEG ratio on Lowe's to be close to 1, which is fair value. Most stocks are trading at PEG ratios between 2 and 8 right now, making Lowe's one of the most attractively priced stocks I've seen lately.
Lowe's boasts strong ratings from analysts, including a 9.2/10 Equity Starmine Summary Score, a 74/100 valuation score from S&P Global, and a "Leader" ranking for corporate governance from MSCI. Options traders are more bullish than bearish on the stock for both the short and long term.
Perhaps more importantly, Lowe's is sitting in an extremely strong sector. Today, mortgage applications data beat by a wide margin. Business spending data shows home building supply as one of the only sectors in strong expansion, with investment up 20% YoY. Homebuilder Taylor Morrison posted 24% sales growth with a large order backlog. Consumers have spent the pandemic doing home renovations, and as a result, economic data for the sector have consistently surprised to the upside.
In the medium term, the big risk for this sector is that mortgage forbearance will expire, houses will go into foreclosure, and real estate prices will collapse. That's currently scheduled to happen on August 31, but there's been talk in Congress of extending forbearance until sometime next year. Currently more than 8.5% of mortgages are in forbearance, so this is a potential residential real estate apocalypse if Congress doesn't pass an extension. If you take this trade, keep a close eye on what happens with that expiration date.
Technicals
Note the hidden divergence I highlighted on the chart, with the MACD making a lower low as the price made a higher low. However, it's also important to note that Lowe's today has dipped below its 3-month trend line, albeit not with any conviction or volume. I've taken a small nibble here to satisfy my FOMO, and set an alert to buy more near the volume support at $130.30. I may look at buying a call option for the end of August, since Lowe's reports earnings on August 18.
JWN: Short Squeeze Pending???I have been trying to simplify my charting as of late. Fewer Indicators. Less advanced Math for the moment. Trying to Gain perspective.
Here is a Chart of a Trade I like.
Nordstrom is 5* rated Morningstar, and A-rated Profitable company.
There is a very large short position ... slightly better than 30% of the Float.
JWN has traded between 15 -16 since late June (last 3 weeks) A strong breakout above 16 should lead to a retest of the interim high of 25. The downside risk is probably 2 pts to a low 14 handle.
8 pt of Gain vs 2 pts of Risk. 4:1 Profile ... I will take it for a top retailer beat up by lockdowns.
The Problems With Retail Traders/Most PeopleI always tell people, if you don't understand how market works, DO NOT EVER touch the financial market. Yes, it is easy to open brokerage account and trade stocks, but how many people know and understand how to do it.
I have tried to educate people, but to my dismay, only 1% of my targeted audience are really serious in learning how to trade and invest properly, the rest are there just to play around and thinking that they can become rich easily.
And so, I have lost hope in humanity and in most people. They can reach financial freedom if they try to learn how to trade and invest properly, but most of them WILL NEVER reach financial freedom because of their attitude.
Therefore, the status quo will remain.
Topglove is now the third largest company in the Malaysian stock market, bigger than Tenaga Nasional.
For sure, now the price has gone far ahead of Fundamentals. Yes, this is a good company, great company with good dividends. But market never works that way. Sometime in the future the market will PUNISH people.
And for those retail traders who FOMOed in and who thinks that they can get rich by buying shares in glove markers, get ready for the day of reckoning and get ready for the slaughtering. The party will not last forever.
I have many of my friends who never invested in stocks who and those who have not trade stock for longtime suddenly came RUNNING to me asking me if it is good time to buy Topglove and glove shares. This is one of many sign that we are almost close to the peak in the glove makers.
Maybe they can go up more, maybe Top Glove can be number one market cap stock in Bursa Malaysia. Maybe it can reach 200 Billion Ringgit market cap. I don't care.
From risk management perspective, it is no longer something that is viable and something where I want to put majority of my capital on. It's time to take profit. it's time to reduce profit. And I told all of these people to just ignore the market, don't ever to try to chase a rally when you don't understand.
The smart people or trader knows when to buy and when to sell, you always have the opportunities to buy breakout or dips, but chasing blindly is never a wise strategy.
But again, parabolic move and bubble always happen, the easy way to make money is to buy early enough when the trend is shifting and when the breakout is just happening and to try to ride it out as much as possible. And to warn people not to chase the rally. Everything else, nothing much we can do.
Securities Commission and Bursa Malaysia, its your responbility to educate the masses, not to encourage speculation. But I doubt they care. They are only for money.
Regards.
Don't message or comments, I don't read them.
TLRDHad to zoom out on my TLRD chart, looks like .20-.23c price zone will be the bottom. Then a nice pump to $16 in 2021, looking into the history of this chart we see that typically after TLRD has a big bull run year the stock then declines for the following year b4 having another bull run following the year of decline. A bottom is found and then the uptrend restarts and we could see $13-$16 maybe higher.
I will be looking to buy some at the .20c levels
Chipotle Mexican Drill $CMG "Breakout"$CMG is launching a new breakout. The volume was above the average yesterday. There might be a pull back to test $1087 before it continues to rise
12 months Consensus Price Target: $898,19
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
90p - 118p swing trade 200p+ LT investmentInterview on 28% increase in revenues from H1 Results. Confirms on track for £15.8m Revenues!
Confirms new product launches to come - these not in the forecasted numbers!
Excellent visibility of business (just go online, or walk into Boots or Superdrugs) ✅
Growing Revs, Growing Profits, Growing Cash, No Debts = Limited Risk, Decent Reward potential
Bought more at 61p to my investment holding.
Reason for last big dip was due to Haris leaving the business & selling his shares, we got now a new Chairman!
90p 1st target
118p 2nd target
Long term target 200p! (same as broker target although they will revise once this new product comes in)
DBI was a top gainer, rising +30.92%. Expect Uptrend reversalDesigner Brands Inc - Ordinary Shares - (DBI, $6.52) was one of top quarterly gainers, jumping +30.92% to $6.52 per share. Tickeron A.I.dvisor analyzed 38 stocks in the Apparel/Footwear Retail Industry over the last three months, and discovered that 34 of them (89.29%) charted an Uptrend while 4 of them (10.71%) trended down. Tickeron A.I.dvisor found 7 similar cases when DBI's price went up 15% within three months. In 7 out of those 7 cases, DBI's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for DBI are 90%.
DOMINO'S 🟥 Correction into earnings may present bullish levels💬 Domino's (DPZ) has performed very well recently as delivery options were expanded and people relied on the delivery giant during COVID.
We love cheap delicious pizza, and we may fall in love with Domino's going into earnings July 16th, let's see what levels look like going into earnings for the DPZ bulls and bears alike.
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Support:
S1: The S1 orderblock at the most recent swing low is the first point of support for the bulls, we are essentially already at this level, and it would be a logical place for the bulls to hold above. That said, earnings are a ways off, so lower support may be needed.
S2: The S2 S/R flip is where price most likely finds support. It would be logical for price to remain range-bound until earnings, and this level is the one to hold if that does end up being the case.
S3: If the COVID fears get the better of the market, or if we see some unexpected DPZ FUD, then the S3 orderblock could work as a support of last resort for the bulls.
Resistance:
R1: The R1 bearish orderblock is the only real resistance to worry about here. If the bulls can send it past R1, then we are almost certainly going to make new highs. If the bears can defend R1, especially after earnings, then it is a bad look for this titan of pizza.
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Summary:
The bulls will want to hold the current range into earnings, likely by way of an ABC correction as shown on the chart. A move off S2 and above R1 into earnings or after it is ideal for the bulls.
The bears will want to defend R1 to ensure the Domino's COVID FOMO ends here.
Resources:
www.earningswhispers.com + wtop.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
BIG LOTS $BIG "Brokeout"$BIG broke the pivot last Friday with high volume. RSI is also over 70.
12 months Consensus Price Target: $38
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
American Eagle Outfitters - Multi-year Support BreakoutThe past 3-months' pullback seems to confirm the bearish breakout.
RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout.
Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.
Weis Markets $WMK "uncorfirmed double bottom"$WMK will try to break $49.84. To confirm the double bottom needs to hold above it.
12 months Consensus Price Target: NA
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
PLCE, was a top quarterly gainer. Expect an Uptrend continuationA buy signal is generated. I analyzed 38 stocks in the Apparel/Footwear Retail Industry over the last three months and discovered that 33 of them (85.71%) charted an Uptrend while 5 of them (14.29%) trended down. I found 288 similar cases when PLCE's price jumped over 15% within three months. In 151 out of those 288 cases, PLCE's price went up during the following month. Based on these historical data, I think the odds of an Uptrend continuation for PLCE are 52%.
BEARISH SCENARIO PT.1just now
SOME BIG FISH TAKING BITCOIN DOWN FOR ONE LAST VISIT OF THESE PRICES BEFORE THE BULL STARTS RUNNING.
PRICE ACTION LEADING UP TO THIS POINT SCREAMED MANIPULATION AL OVER IT.
OBVIOUS FRACTAL CANDLES AT THE TOP OF EVERY STEP DOWN GAVE AWAY THE SECRET PLAN TO STEAL ALL OF RETAIL'S BITCOINS .
.. OR MAYBE THEY'RE STEALING OURS?! AHHH.. JUST KIDDING.
... OR AM I?
HAHA.
I'VE BEEN HAVING SOME AWESOME SUCCESS WHEN I'M ABLE TO MAKE OUT SOME NICE FRACTAL PATERN''ING IN THE PRICE ACTION.. IT'S A LOT EASIER TO ID WHEN THE BUY/SELL PRESSURE IS THAT ROBUST.
WHAT ARE YOU ALL SEEING? LOWER? BEAR TRAP FAKEOUT?
WOULD LOVE TO HEAR DOWN BELOW!
PS - WORKING ON A VIDEO RIGHT NOW THAT I'VE BEEN WATING TO PUBLISH FOR THIS VERY MOMENT. STAY TUNED! I WILL HAVE THAT COMPLETED AND UP MOMENTARILY. A LOT OF INTERESTING PLANETARY CONNECTIONS TO THE WORLD RIGHT NOW :)
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PS. TRADINGVIEW HID ALL OF MY PREVIOUS IDEAS. SLIGHTLY FRUSTRATED WITH THIS PLATFORM AT THE MOMENT, BUT I WILL BE BACK.
HIT ME UP ON THE SOCIALS:
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TELEGRAM: @BITCAPJNY
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VISIT OUR NEW SITE -OUR INTRO TO TRADING COURSE IS ALMOST DONE!
W. W. W. 3 C A N D L E C O L L E C T I V E. . C. O. M
Macy's way oversold on the dayI know this is going to take a turn here in session. Way oversold and below VWAP. CFO had some comments that where realistic and shorts came to pounce on it. Nothing material since they just closed more-than-100% their marketcap with this round of financing.
Looking to 430PM EST as the CEO is live to the nation talking about positive foward looking statements that will hopefully send the shorts home packing.
Load up here and have a 10% stop loss.
Won't be surprised at all if this closes in the Green as the S&P is starting to take a turn.