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%.
E-retail
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
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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:
TWITTER: @BITCAPJOHNNY
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.
MACY'S ($M) 🛍️ | Are the Bulls Going on Parade too Early?🏬 Between a weak earnings outlook, years of growth for online shopping, COVID, and the protests the last place you would think people would want to put their money is in retail giants like Macy's... yet, here we are. M has had a solid recovery since the COVID crash. That said, we think this Macy's day parade may be coming to end as we go into earnings and get rejected from resistance at the same time. Let's look for a setup.
Resources: www.earningswhispers.com
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1. Despite some recent strength, Fractal Trend is showing a downtrend (Maroon colored bars) on the 1-hour timeframe.
2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon colored lines) and/or bearish S/R levels plotted by Directional Bias (Maroon colored lines).
3. The plan here is to short the R1 orderblock above the gap on the left side of the chart with a target of the S1 S/R range.
4. We have placed our stop above R1. This not only gives us a good R:R, it also protects us from any volatility (although we expect R1 to hold so that extra protection shouldn't be necessary).
Overall our play here is simple, short the recent strength in this retail giant as it touches resistance into what analysts project to be weak earnings.
Good luck everyone!
Cramer was Off, Expecting a $10 Target now for BBBYFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Jim Cramer seemed to think in May that BBBY would have a tough recovery given they are "deemed nonessential". He was being conservative and I get that, but you know whose not conservative? Some random guy on TradingView whose not a CNBC analyst. I am expected continued support for Bed Bath's bullish run and that a $10 target could be imminent. Overall though given it is retail, I am still giving this a long but I expect the $10 target to be in a short time period. If it hits $10, I would flip for a profit turnover if I was to get this, than reinvest.
BBY: $88 Short Target because Post-Covid Shopping + DemandFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few insights. Best Buy is expected to have a positive continuation of its recent uptrends, and I have it on my watchlist. Currently, I am bullish on the supply and demand curve getting fixated and that it could hit an $88 price target quite soon. I also think it has some long potential as well, so I am ranking this a long.
American Eagle - stick a fork in retail, it's dead. Or is it?Even though it makes no goddamn sense AEO has been rallying lately, albeit with quite a bit of chop. Maybe people are getting more optimistic about AE's ability to come back from the 'Rona, who knows, but at any rate you could potentially position to take advantage of this trend by purchasing $9.50 calls. If the stock continues to mean revert back to its 200DMA, you will pack away a tidy profit.