LL
LL Long off Small Base BreakLooking to go long on LL due to a small base break last week with volume - also being a new 52-week high. This is in a strong sector and industry. Open target will trail stop as price moves in favour. Initial stop is just over 2ATR also being below the wick of a previous swing point.
LL- Flag pattern Long ( Aggressive entry) LL- Long (Aggressive entry)
Trade Logic: Flag & Pole – buying in oscillation before breakout
Entry Price: 15.17, 14.90
Target Price: 17.83
Stop-Loss: 14.50
You can check our detailed analysis on LL in the trading room link here-
Trade Suggestion Date: 21/6/2016
Trading Room - Executive summery link: www.youtube.com
Time Span: 11:50”
Trade Open: Waiting for entry confirmation
LL- Long from 16.06 to 17.83LL- Long
Trade Logic: Flag & Pole formation, big surge in money-flow
Entry price: 16.06
Target Price: 17.83
Stop-Loss: 15.47
Trade Suggestion Date: 6/20/2016
Trading Room - Executive summery link: www.youtube.com
Time Span: 4:30
Trade Open: Waiting for breakout confirmation
$LL Short into morning spikei'll be watching $LL in the morning for a spike into the 16.50 resistance area. I will be entering my short position on the front side of the move using the 16.50 area as my risk. Will stick to stop because next resistance is in the mid 18 area.
Lumber: Potential top spottedLumber futures appear to have topped against a massive monthly mode.
You can go short with stops above the highs to be safe, target a retest of the uptrend mode from the lows.
I overlaid EURUSD and USOIL so you can compare the price action. It's clear we're witneseeing a major dollar rally here. I wouldn't discard its significance. If you're not in any of my recent suggested trades, try to catch this and USDCAD, even buying at market now is viable with stops under yesterday's low. See related ideas for an entry we can take in oil.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
LL Bullish Swing Trade - decent fibs17 - DEC
FIBs seem to be lining up with this trade. DMI and MACD showing buy signals. Hoping we can see a bit of a pullback towards the 0.618.
If so, the target may be 21.71, though I will tighten stops prior.
Original idea from @Reallifetrading
LL - Doin' it - Finding a bottomFib, Cycle & Geometrical study
This is a chart for the trader that finds pleasure in seeing harmonic and geometric adding up.
Confluence zone in the 19.44 to 19.90 area.
RSI has been visiting the lowest of low and need to break resistens.
The stock will go through a bottoming process... in this area.
For the long term investor the timing for a buy and hold is coming up very soon.
Trade what you see!
@BLawrenceM
Music at work:
www.youtube.com
LL Daily Chart Bull FlagThis chart setup has strong upside potential should LL not close below the 20 day moving average on the daily time frame chart.
Is LL The Proverbial Falling Knife??This is a WEEKLY chart of Lumber Liquidators.
Take a look back. Notice the stock was rising from about March of 2012 all the way to March of 2014. It has been falling ever since (see the red downtrend line). You don't have to know why it's falling by the way. You just have to realize that it has been falling for a year.
If you think now is a good time to get involved with LL you should take note of the gray resistance / support line. It has arrows pointing to it.
There is a chance the stock will bounce higher around this level. There is also a chance the stock could consolidate around this level. And there is a chance the stock doesn't even take notice of this line and it just keeps going lower.
Personally, I would be VERY worried if the stock price drops below this 4 year old important level. Maybe you should be too...
Trade what you see. Not what you think, or hope, or feel, or ...
Protect Your Profits & Limit Losses
False breakout...Housing SUCKS. This is the SLOW season coming up, to make it worse. New housing apps down to lowest level in forever, everything about housing SUCKS. GREAT SHORT HERE.
Update 11/21: I was a little early on this short! I was happy to buy a few cheap $33.5 weekly puts for next week. I typically don't like to buy options at the end of the week to carry into the next, but, this was one hell of a candlestick up, that hardly seems sustainable. But then again, I never thought the XHB would make it this far. This whole thing is being propped up with HFT/ALGO BS because the whole market s rigged. Look at all the mess: FOREX Scandel, Libor scandal, now the latest commodity scandel, Madoff, JP Morgan and all these banker deaths that seem all too conspicuous. ALL these unusual banker suicides 48 of them in the past year and a half, and now on last night who slit his own throat and wrists? Who does that to themselves? Ridiculous. Many of them at JP Morgan, some who knew each other, some in IT Programming. Probably knew too much. Did you know these institutions carry insurance policies on their employees that are classified? They have a motive to see them killed if they get in the way. THEY COLLECT. I'm not conspiratorial, it's just the way this screwed up place we call planet earth has become. Pretty sickening how greedy and selfish we can be at times. Anyway, this wasn't meant to be a diatribe. There are so many banking scandals it's sick. And none of them go to jail. They to big to fail, and to big to jail.
Update: Wow, who would have thought the ECB would finally juice the market, and China drops rates. Next up... does the FED juice the market to keep up? I am finally short XHB at 33.50. I hope there are no more surprises!