Get started

Retail

THE FOSCHINI GROUP (TFG) DAILY TIMEFRAME SHORTThere is no magic crystal ball here. Whether you are on the daily timeframe or 4-hour, the stars are aligned baby! The price for this stock is moving in a clear range with the support at 15 760 and the resistance at 17 825. Now we can see a bearish candle start to form at the top, and a second closure of a bearish candle will likely be my trigger for the trade. A more conservative entry would be to enter when the third bearish candle moves halfway the length of the prior candle.
JSE:TFG
by munyaelliott
RMI Is About To Make A MoveRand Merchant Investment (RMI) Holdings is an investment holding company with a portfolio of insurance and investment products targeted at the commercial, corporate, retail and public sector. The group’s history can be traced back to 2010 with the spinning off of insurance assets from Rand Merchant Bank (RMB) Holdings, FirstRand and Remgro. RMI Holdings shares were subsequently listed separately on the Johannesburg Stock Exchange (JSE), although RMB Holdings and RMI Holdings still share the same management team. Technicals On the weekly time frame, we can see a corrective structure formation, indicated in pink. The daily time frame, indicated in blue, shows a 5 wave corrective structure which has completed. This would indicate that there should be a break to the upside soon. This break will be the start of wave 4 on the weekly structure.
JSE:OUTLong
by Linton_White
IS THE CORRECTION COMPLETE OR WILL WAVE 5 COMPLETE FIRST?Growthpoint Properties is a diversified property investment holding company incorporated and registered as a public company on 12 October 1987. Growthpoint shares are listed for sale under the Financial Services Real Estate Investment Trust sector of the Johannesburg Stock Exchange (JSE), and the group is today one of the biggest players within the sector. The company boasts a portfolio of 525 properties which provide 6.7 million m² of retail, office and industrial space to leading businesses in South Africa and Australia. They also have a majority stake in 53 Properties which are valued at R22 billion. One of Growthpoint‘s biggest investments is a 50% stake in the properties at Cape Town’s V&A Waterfront, valued at R6.8 billion. Technicals As you can see on the chart above, there was a spike down to the 50% Fib retracement level as indicated with the red arrow. This is a strong level of support and the rally from there could continue on upwards if this is the formation. I would not be surprised to see wave 5 complete to the 61.8% Fib retracement level before we see the break to the upside but due to the break of the structure at the top of wave 4, it is also possible that the rally will occur soon.
JSE:GRT
by Linton_White
NEPI ROCKCASTLE TRADING SCANDAL HURT, WILL IT RECOVER?NEPI Rockcastle owns and manages a portfolio of dominant retail properties in the following high-growth CEE countries: Romania, Poland, Bulgaria, Slovakia, Hungary, Croatia, Czech Republic and Serbia. The Group benefits from a highly-skilled internal management team which combines asset management, development, investment, leasing and financial expertise. Geographically diverse management skills allow NEPI Rockcastle to pursue Central and Eastern European (CEE) property opportunities more efficiently, benefiting from a strategic advantage in the acquisition, development and management of properties. The Group is well positioned for growth, driven by its best-in-class operating platform, as well as its historically proven capacity to deploy existing capital resources into attractive direct property investments. NEPI Rockcastle continues the active investment policy that supported the growth of NEPI and Rockcastle respectively over recent periods, with a strong pipeline of acquisitions and developments currently being pursued in its targeted region. NRP is however part of a large trading scandal where they were accused of overstating profits and have taken big hits in terms of share price. Technicals There are two options here but both setups indicate that there should be further downside. Option 1 Here we can see the initial impulse move to the downside on the left and I expect the second impulse to complete to the downside at a target price of around 3000. The corrective structure completed 4 waves and broke to the downside and is now on the retest level which means that the second impulse could begin shortly. Option 2 The same initial impulse move applies but we could see the formation of a larger correction as indicated above. The break to the downside for impulse two will have the same target as option 1 and could occur on wave 4 or alternatively after the completion of wave 5 to the top first.
JSE:NRP
by Linton_White
COST: Sell Short Potential but Strong Support at 200The Daily Chart of COSTCO Stock shows that there is some sell short potential on the short-term trend IF the stock breaks to the downside below the low of around 216. At this time, it appears that is more likely given the lack of large lot buyers in the chart patterns. Support levels show the point gain potential moving down from the current range-bound pattern. However, COST is less likely to collapse all the way down to 50% from its all-time high. Why? Because it was never speculated to extreme highs, far from a strong support level. The furthest it can go before reaching strong support is around 200 for a bounce and 190 for serious support and risk of rebound price action.
NASDAQ:COST
by MarthaStokesCMT-TechniTrader
1
GBPCAD, short-term potential +/- 200 pips on short set-up A potential short trade is busy setting up for this coming week starting on 12 November 2018. FUNDAMENTAL Fundamentals will probably support a weaker GBP. Economic red news releases include GBP: cpi, retail sales and inflation reporting. Should all of or most of these news items be negative for the GBP, a definite GBP weakness will be experienced. Note: no significant news releases scheduled for the CAD. TECHNICAL Price appear to be oversold on the 4hr chart. The Ichimoku indicator on the 1hr chart show further weakness. It therefore imply a potential short position is in the making that might produce +/- 200 pips. See potential price levels for entry, profit taking and risk management on chart. Remember, anything can happen. Happy trading
Short
by FrametheMarket101
$TJX Long Idea NOV / DEC Seasonality Seasonally TJX is usually quite strong , earnings are coming up soon and they have announced a split as well. NOV I'm expecting to see some good numbers out of retail names $XRT and strong thanksgiving and Christmas sales as the consumer seems pretty strong. The risk to this setup is if TJX reports poor numbers then I can expect a retracement back to 101/102 if that breaks then $97 for further downside, but for upside I'm looking to target $119-121 by Christmas , if we get good earnings and follow through , but the markets need to cooperate. I'm playing this through DEC 115 calls at $2 , no stop loss for me only small position. Remember this is not financial advice , just what I think.
NYSE:TJXLong
by FridayLottos
ETHUSD Sentiment UpdateTraders! It has been quite some time since I posted a public analysis, but that does not mean that we've stopped looking at the Crypto Markets! Given the start of a new month, I thought this would be a good time to provide a brief update on what I am anticipating in Ethereum world! When we take our Fibonacci and draw it from the low consolidation zone (sub $10/ETH) and bring it up to the All Time High, clearly the primary Fibonacci levels that most traders use are no longer any help. There are hidden "shadow" levels that could be considered but we are not going to go into that in this particular analysis because it's all purely speculative anyways. The red rectangles are the expected range of trading that we could see ETH pull into considering that Afri Schoedon, a developer working on the Parity client for Ethereum, recently asked users to “stop deploying dApps to Ethereum”, as it was running at full capacity. There is some controversy around this topic in particular but it does not change the facts, Ethereum is still going through growing pains and investors may continue to lose confidence. Look at how quickly price action moved away from the yellow rectangle where there was an extended period of consolidation back in Sept/Oct of 2017, and then again at the beginning of Sept this year... this is highlighted where the arrows are pointing. Price is not giving us any clear indication of a bullish market as of this moment. We are still in a downtrend with the clear signs of lower highs, and lower lows. We are not financial advisors. We do not know how high (or low) any Crypto could truly go... but right now remember this: Fundamentals triumph over technicals in this industry! All it takes is one story that is mass promoted through the media to cause mass panic regarding Cryptocurrency, or fear of missing out like we've seen already near the end of 2017. The future of the industry is bright but in the short term this particular cryptocurrency more than likely will see more bearish activity.
BITFINEX:ETHUSD
by ZacharyHogan