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BYND breaking out of wedgeBYND is breaking out of bulling falling wedge very impulsively. Highest volume since November, 20202 Divergent low on indicators Low level bullish crossover on PPO Oversold reading on RSI Successfully bouncing on the bottom of the descending channel (yellow line) Above presented pretty objective long entry with stop right below the bottom of the channel. Where does it go from here....? Higher. It is testing the resistance from the bottom. It may blast though it or pull back to the resistance and push up higher. If it does pull back to the support or breaking out of the resistance will present another objective places to add on to the position. Next few targets are posted. It may depend of where the market goes in general but the swing target is the top of the channel (purple line). It will depend on how it get there but if it gets there pretty quick, taking a profit or reversing to short would be a good option depending on the trading style and expectation. Have a good trade! T.
NASDAQ:BYNDLong
by TK0421
LMND. This Insurance Disruptor will DOUBLE in the Next 3 Months!NYSE:LMND is the new and promising tech company in the insurance market. It's beyond promising; it's already a product with proven scalability and disruptive features to the aging insurance business model. Lemonade follows a creative insurance model. To understand this, consider the conventional insurance business model where companies are incentivized to NOT approve claims of their customers. That's because less money given to customers means more profits for the shareholders. This places you, the customer, and them in a constant state of dispute. It is a flawed business model. Lemonade flips that around and removes the incentive completely by introducing one simple rule. Their profit margin is fixed. They will always take 25% of what you pay. The remaining 75% will be used either to cover claims, or to be donated to a charity organization of your choice. This way, they have no incentive to deny your claim. At the same time, you have no incentive to claim more than what you think is fair because you will be reducing what goes to the charity of your choice. On top of that, Lemonade is a tech company that employs Artificial Intelligence to manage claims. You will be surprised, and perhaps you shouldn't be, how well an AI can catch a fraudster trying to falsely claim some insurance money. This already cuts the cost by a huge margin and allows for faster growth and better scalability. Currently, Lemonade has proven that their platform works and that it can expand. They are slowly covering more areas than just pet insurance and household insurance. They are expanding to more states in the US and countries around the world. And all of that at a minimal cost of human resource. And the brilliant thing is that the more they expand, the more data they will have to train their AI, and the more accurate and efficient the process would be. That is what disruption looks like. It's new. It flips the model around. It works. It cuts cost by a big margin. It scales. It grows before you even know it. Think Apple, Amazon, Tesla. Now after this brief introduction, let's get into the chart. I've drawn this ascending channel a week ago and I am surprised that it is holding price this well. This shows strong demand added to the higher lows in RSI. I believe this momentum will accelerate in the coming few months. I've drawn targets based on Fibonacci of the most recent swing. According to the channel and the Fib levels, this stock can reach $222 by 22 Feb. That's 80% gain in 48 days. I believe that in 90 days, this stock will have doubled, and by the end of the year it will have 5X'd. This is a stock to buy and hold, not a stock to trade. Good luck!
NYSE:LMNDLong
by TechNerdOmar
PLUG Looks Technically Good but a Few Concerns AheadIn this chart we are using the Moving Average Delta (MAD). The MAD calculates the difference between the price and the moving average. Using these two data points helps us see price movements that are normally difficult to see. The MAD may signal a trend change when the line begins to turn toward 0, the steep of the curve represents velocity of the movement. Bull Cases 1) Our indicator is showing a trend change with velocity 2) We are in a zone the MAD has historically considered oversold and has reversed from 3) We have made a higher low while managing to appear steeply oversold on the MAD 4) Possible positive response from president Bear Cases: 1) We established a megaphone pattern which concerns me. 2) Earnings are released Nov 5. and if they disappoint that could severely impact the integrity of our 5 month bull trend. 3) We don't have a lot of support beneath us. 4) Possible negative response from president I'll let you make the decision which case looks stronger to you. NASDAQ:PLUG Indicator: Moving Average Delta Indicator by KIVANC fr3762
NASDAQ:PLUGLong
by jakelikesstocks
$OLLI Long over 105 Multi-year break out!Ollie’s Bargain Outlet Holdings, Inc. Provides Second Quarter Outlook Ollie's Bargain Outlet Holdings Inc : • OLLIE’S BARGAIN OUTLET HOLDINGS, INC. PROVIDES SECOND QUARTER OUTLOOK • OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS TOTAL NET SALES OF ABOUT $515 MILLION • OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS COMPARABLE STORE SALES GROWTH OF ABOUT 40% • OLLIE'S BARGAIN OUTLET HOLDINGS INC - FOR Q2 OF FISCAL 2020 EXPECTS GROSS MARGIN OF APPROXIMATELY 39% Ollie's Bargain Outlet sees Q2 revs above consensus Co issues upside guidance for Q2 (Jul), sees Q2 (Jul) revs of ~$515 mln vs. $388.35 mln S&P Capital IQ Consensus. Other Q2 Guidance: Comparable store sales growth of approximately 40%; Gross margin of approximately 39%, returning to historical second quarter levels; Operating margin1 of approximately 16% "The robust comparable store sales growth has decelerated in recent weeks, tracking in the positive mid-teens, and we expect growth to continue to moderate in the third and fourth quarters."
NASDAQ:OLLILong
by SwingingForward