HXL - Hexcel Corp - Be Careful of Earnings Jan25th (aftermarket)HXL - Hexcel Corp
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Entry = break above 786fib @ 49.95
or breakdown to 382fib @ 36.98
1st Target = 56
2nd Target = 64
HODL Target = 76+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Industrials
Stealth Bull Market in Agriculture: Intrepid PotashOne of the only potash producers listed on a US exchange. Has been left for dead for over a decade.
Intrepid Potash $IPI has returned 150% since the day of the election 11/3. I am a buyer on weakness and pullbacks. If the inflation cycle really does heat up over the next few months, $IPI could make a move to $100 in 2021.
Boeing Update with FIB Levels & 5 Wave SequenceIt appears BA is currently in Wave 3 of a possible 5 Wave sequence. Each wave has it's own series of impulse waves within the larger overall wave. Key areas to look for as the chart develops:
215.37 has been a good area of supports and any drop below this could bring the following retracement levels:
Retracement Levels:
(.382) - $205.25 - Hit this level in pre-market on 12/21/20 and immediately sprung to 223.65
(.50) - $193.08 - For FIB Level traders, this is generally the level they look to take a "starter position"
(.618) - $180.90 - Considered a great FIB level for taking a long position to the upside.
*** Any break below the .618 level would be a major concern and not healthy ***
Most FIB traders are looking for "profit taking" at the following extension levels:
(1: $261.85)
(1.382: $307.85)
(1.618: $336.26)
The MFI ( Money Flow Index) continues to be oversold on both the 4HR & 1 Day timeframes signaling a bounce could be coming soon. The weekly chart is setting up a possible Cup & Handle so keep your eyes on it as the charts progress.
GL
BA Update on the 4HR & 1DAY TimeframeJust wanted to provide an update to the overall picture of BA... stimulus or no stimulus today, does not really matter as it will happen soon (as of this writing, it appears they have come to an agreement so I expect the 219.85 level to hold and see a re-test of the 244.08 level)
On the short term (4HR chart to the left). We are currently sitting right above .236 Fib retracement level of 219.85 in a downwards channel and could see a pop from here. If this level breaks, we could see 204.86 level. DTI Levels (bottom) show Bears have taken control (short term) but show signs of exhaustion towards the end of the day Friday. MFI is oversold sitting at 27.31.
Longer Term (1-Day) - Bulls are still in control and watching for any DTI crossing for confirmation. If we see a break of the downward channel, we can see a re-test of the 244.08 level and a break of that will give us a break towards 339.77. MFI still relatively low at 38.16 on the daily but is overbought on the weekly sitting at 80.
Key Levels to the downside:
219.85
210.94
204.86
Levels to the upside:
244.08
339.77
Infrastructure - the one thing both sides agree onFundamental Analysis
Democrats and Republicans have various diverging opinions that affect sectors and industries across.
The one aspect they do agree on, is they need more infrastructure spending .
Technical analysis
Breakout to all time highs.
RSI @67
OBV supportive of uptrend.
Dow /YM Potential breakout on IndustrialsThe Dow is lagging our other indices in our tech-heavy environment. Technicals are ripe for a play. 27900 28020 & 28400 resistance range. Bullish pattern setup with inverted h&s and hugging the downtrend breakout. Potentially an ascending triangle forming-- Let's see if the bulls can break up. Play break out or short the rejection.
Taking a close look at US STEEL XI really like US STEEL down here. I've had my eye on this one for some time but the trend is still technically pointing down. Following the price direction and watching strength/momentum is key. I can speculate and say this is an excellent buy (I think it's fantastic).. However, the trend is still pointing down even though I see value here. Notice the hidden bearish divergence it's been forming for months..Be smart and stick to price direction. It could flush 50-60% lower before finding a final bottom..In my opinion it might be best to wait for confirmation of trend change and strength.
Auto industry likely to inflect downward from hereManufacturing has been a red-hot sector lately, and the CARZ auto ETF has been a beneficiary of that boom. The latest manufacturing data out today show continued outperformance by this sector, which I suppose is why CARZ is up today:
Empire State index: 17
Price of imported industrial supplies: +3.6%
Manufacturing output: +1%
When you drill into the data, however, it doesn't look as good for automakers. While overall manufacturing output is up 1%, output for auto manufacturers was down 3.7% in August. Another relevant data point from the August CPI report is that the price of used cars rose 5.4% in August. So it looks like the growing number of permanently unemployed workers, now deprived of stimulus checks and unemployment benefits, are starting to tighten their belts and reduce large expenditures. August credit card spend deteriorated in August, -13% YoY vs -12.3% the previous month. Consumer lending has tightened up as well, with banks opting to buy bonds rather than make loans.
RTX - LONG - 5YR+ HOLD - VALUE! NOT A FINANCIAL ADVISOR NOR IS THIS FINANCIAL ADVICE. DO YOUR OWN RESEARCH BEFORE BUYING AND SELLING. TRADE AT YOUR OWN RISK.
MILITARY INDUSTRY IS STEADY CONTRACTS -- EVEN DURING A PANDEMIC
SOLID TREND UPWARDS TOWARD ATH'S
TRADING AT A MASSIVE DISCOUNT -- 100%+ GAP BETWEEN ATH AND MARCH LOW
SL AT 56-52
T1 67
T2 75
T3 84
Simpson MFG $SSD "cup"$SSD just broke the resistance for cup with above average volume. RSI is just a concern which is below the trend. After good q2 results expect to get the target price
12 months Consensus Price Target: $74.33
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
$FAST is going to rise todayEarnings intraday trading strategy signal.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies.
Today the company announced it had beat sales (1.509B, est. 1.47B) and EPS (0.42, est. 0.36) estimates.
I suppose many traders will close their short positions today due to the good earnings report and potentially upside trend.
So I hypothesize that $FAST price will be rising from the market open to market close.
Due to strategy, the long buy can be from the market open price,
stop-loss — - $1,03 per share
take-profit — market close price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Kitron $KIT.OL breaking up from multiyear uptrend after great Q2Kitron: Q2 2020 – Record performance
10.7.2020 12:46:05 CEST | GlobeNewswire
(Excerpt)
"
(2020-07-10) Kitron today reported strong growth and record profit for the second quarter driven by Defense/Aerospace, Medical devices and Industry sectors.
Kitron's revenue for the second quarter was NOK 1 041 million, an increase of 21 per cent compared to last year. Growth adjusted for currency effects was 11 per cent.
Profitability expressed as EBIT margin was 8.5 per cent in the second quarter, compared to 6.6 per cent in the same quarter last year.
The order backlog ended at NOK 2 102 million, an increase of 45 per cent compared to last year.
"
General Electric $GE "H&S,Bottom"$GE is forming unconfirmed head and shoulders,bottom. watch for $8.56 for a breakout.
12 months Consensus Price Target: $9.30
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
$PLUG can rise in the next daysContextual immersion trading strategy idea.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets.
The share prose rose after the company had upgraded its revenue and profit projections.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,42;
stop-loss — $5,97.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!