FIVE trading above key resistanceFive Below Inc. (FIVE) presently trading above key resistance.
A weekly settlement above this area would result in a buy signal where gains of 20% would be expected over the following 5 - 6 months.
Inversely, failing to close above this resistance level on a weekly basis would allow (FIVE) to fall back to near-term support, signaling losses of 15% over the following 2 - 3 months.
FIVE
FIVE Below Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BMO Bank of Montreal prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $15.95.
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.
High FIVE to FIVE for showing upside to come to $238.28Cup and Handle has formed since 2022 which broke above recently.
The price has come back down in the handle but it seems like the price wants to retest the uptrend.
7>21 (Bullish)
Price >200 (Bullish + Green back)
RSI >50 (Bullish - Green back)
Target $238.28
CONCERN:
We are seeing the price come down below the Handle. This isn't ideal after a breakout above the brim level as investors start getting spooked out of their trades.
I would consider this a medium probability trade and we should let the price come back a bit.
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MULN most undervalued EV producer ???Mullen Automotive went public on Nov. 5, 2021
MULN, Mullen Automotive, is an emerging electric vehicle manufacturer that was recognized by HotCars to be a gamechanger in the EV market. Mullen FIVE was ranked #2 among the publication’s annual “10 EV Startups to Watch Out For” in 2022.
On track to deliver the first EV cargo van fleet vehicles in Q2.
Mullen FIVE High-performance versions to arrive in late summer 2022.
Owns Tunica’s AMEC manufacturing facility with no associated debt or financial obligations .
Mullen FIVE won the best Zero Emission Vehicle SUV Award at the 2021 Los Angeles International Auto Show beating Lincoln and Rivian.
Mullen FIVE Scores Well Against Tesla Model Y and Ford Mach-E in Consumer EV Study.
120 patents in 24 countries.
I the chart i see increasing volume and a strong potential bounce from the oversold level!
Market cap of only $24 Million
I consider this a premium call with high upside potential for this year!
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Despite the ending reeking of deja vu, the action leading up to it was fantastic, as all five challengers getting a chance to shine.
Long $FIVE CMP $216.48Long $FIVE CMP $216.48. Tight consolidation of price. Trendline support continue. Earning expectation can move stock price up to $230 area. Zig Zag 20 and 50 SMA price action is a sign of range bound price action. 50 SMA about to cross 200 SMA also known as golden cross indicating further upside. Short term target $230 area. If price falls then stock could see $200-$205 price range.
Five Below $FIVE going for the leadership?I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better than expected earnings. Also has a nice uptrend on revenue growth; just +80% from last quarter, and its price is above its moving averages (10, 20, 50 and 200 day MAs).
Adding to all that, IBD ranked #2 in its industry and has a IBD Relative Strength Rating of 83. This are all good signs. I wanted to see its relative strength with its sector; looking at the quotient FIVE/XRT, and it may be approaching the time for NASDAQ:FIVE to lead. Still, I won't get in early, lets wait for the breakout.
🛒X5 Retali Group (FIVE) - excellent setup for a long position.●● Mine scenario
● 1W
LSIN:FIVE
The large Running Contracting Triangle ④ or ((B)) has been under consideration for about two years. Until recently, the main count had a decline in the final wave of C of (E) , but after weighing all the pros and cons and taking into account the expectations for the market as a whole, priority was given in favor of a completed wave ④ or ((B)) and an early exit from the model up.
● 1D History
LSIN:FIVE
A variant of waves count (B) - (C) - (D) as part of ④ or ((B)) .
● 1D
LSIN:FIVE
If the top of the triangle is really set, then we have nothing more than a series of One-two, one-two waves " (1) - (2) 1 - 2 " as part of the expected ⑤ or ((C)) .
● 6h
MOEX:FIVE
" Pic. 4 "
The targets for wave 2 of (3) can be the Fibo cluster area within two degrees, which is indicated by the blue channel. Looking back at the alternative count, I plan to make any purchases only if 2 of (3) and subsequent ((i)) - ((ii)) of 3 are completed and the first of which will break through the top of the ((x)) — " bull lvl " and will gain a foothold above the upper border of the descending channel.
●● Alternative scenario
● 1W
LSIN:FIVE
The probability of descendind below $ 18.90 ( LSIN ) is now as an alternative count, which, however, does not make it any less likely. Wait for the indicated conditions to " Pic. 4 " and open a long trading position with the least risk.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Can FIVE's Bull Run Continue? Next Target: $104First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. Since March 20th, Five and Below have surged. Imagine during this time period you could have increased your money by an extra 50% in a matter of "some weeks" with just a single stock? That is how FIVE performed after a very steep bearish downtrend. It seems like you are seeing a retracement or breakout happen as a result of panic selling and price correction in real time. The question is, can the bullish correction continue? I think so, and that is why I am setting a short sell of at least $104.
Pullback Imminent: Opportunity to Short MACD, Stochastic and RSI all reversing and bouncing off the top of the bollinger band. Opportunity to short on the pullback. Price expected to drop to $132 where the 50day average is and if it breaks that support, possible drop to $120-122 region on the trendline support.