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New Floors with Lumber Liquidators LL commodities retail rally“Inequality can be done away with only by establishing a new society, where men and women will enjoy equal rights, resulting from an upheaval in the means of production and in all social relations. Thus, the status of women will improve only with the elimination of the system that exploits them.” Lumber Liquidators looks good for a reversal. Small share float, strong sales, strong P/B P/E P/C and near zero debt vs equity. Risks: Value Trap, Discretionary spending retraction, macro momentum stays negative
LLong
by noam_chom
5
DOGE - THE BOTTOM INDICATOR FOR CRYPTO?The "DOGE/USD" is since May - 2021 in a downward trend, and it is obvious that we can expect a trend reversal if necessary. > The meme coin "DOGE", has among other things by "Elon Musk", a large degree of awareness and will be known to most "RETAIL" investors. > Regardless of the media notoriety and the wildest stories of "new" millionaires, this "crypto coin" brings an incredible opportunity. = I'll let you know what this opportunity looks like and the price increase it could bring in the following lines. table of contents - 1st part = WHAT MAKES DOGE COIN SO VALUABLE? - 2nd part = TECHNICAL ANALYSIS - 3rd part = CONCLUSION PART ONE "WHAT MAKES THE "DOGE" COIN SO VALUABLE?" Due to the promotion of Elon Musk and other media relevant people, most people should know about this coin. > Everyone associates this cryptocurrency with "opportunity" - for quick money and possible wealth. And exactly these last two points target the "standard" - retail investor: "FAST MONEY" + "POSSIBLE WEALTH" . The Standard Retail Investor serves us as a "SENTIMENT-INDICATOR", with which we can better assess the current market situation with a closer look at the past. For this, I compared the past of the "DOGE" Coin with the "BTC" to come across the following result. = THE "DOGE" COIN BALANCED WITH THE "BTC" (in the last two "major" movements). = THE "DOGE" COIN BOTTOM. And by simultaneously, I mean - ONE AND THE SAME DAY -. = 09/15/2017 (bottom for BTC+DOGE). = 03/13/2020 (bottom for BTC+DOGE). SECOND PART TECHNICAL ANALYSIS As soon as you look at the "DOGE" Coin in the weekly / monthly chart, you immediately notice the "Falling Wedges" . > THE TERMINATION OF THESE "FALLING WEDGES" SIGNALED THE LOCAL BOTTOM IN "BTC" AND "DOGE" SINCE 2017. Additionally, we are in an upward channel, which has been - respected since 2014 . > In the beginning / middle of 2021 - we broke out of this "temporarily". > Since the beginning of 2022, we are on the way to the "trend channel center line" and could reach it shortly. > The "trend channel center line" represented a "point of interest" in the past, which means that a final bottom is not that unlikely. > The current "falling wedge" converges with the "middle line", which provides further support. Looking at the MACD in the daily chart, a divergence formed since September this year. > This would even support a bullish thesis, before the point of contact of the "middle line" and the "falling wedge", however, such a divergence cannot yet be found on the higher time levels. THIRD PART CONCLUSION "The past repeats itself, however it does not have to." With the current "macroeconomic" environment, at best, one can make guesses as to how the markets will behave in the coming weeks / months. > Nevertheless, keep in mind the repeating pattern. What would again support the thesis of a near "local bottom" are the emerging rumors of large accumulations (hedge funds / sovereigns) . The existing fear in the markets is the best time to set up for the long term, for people with good "risk management" and no false expectations of quick (=1-year) riches (=10-years). > Let's feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
BINANCE:DOGEUSDLong
by ZielIstDieAutarkie
8
TFG Quasimodo Inv head and shoulders upside to R120Inv H&S has formed on TFG. It's not a very attractive one as the left shoulder moved past the neckline. I call these the Quasimodos of trading. Anyway, the large downtrend has broken and the uptrend is on its way. So the signs of buying and demand are high. We have other indicators confirming: 7>21 Price<200 RSI>50 Target 1 will be at R120.00 ABOUT THE COMPANY Origins: The Foschini Group (TFG) is a South African retail group with a diverse portfolio. It was established in 1924, and its first store was a women's fashion retailer located in Cape Town. Portfolio: TFG operates numerous brands across various retail sectors, including fashion, jewelry, accessories, cosmetics, cellphones, and homewares. Some of its popular brands include Foschini, Markham, Totalsports, and Sterns. International Presence: TFG has a significant retail presence in 32 countries, including South Africa, the UK, and Australia. Expansion: TFG has grown through both organic expansion and strategic acquisitions. In recent years, the company has acquired numerous brands to diversify its portfolio, such as Phase Eight, Whistles, and Hobbs in the UK.
JSE:TFGLong
by Timonrosso
Truworths settings itself for great upside to R69.45Inverse Head and Shoulders has formed with Truworths. This is definitely not ripe for the picking if we're waiting for this formation to form. It might even form into something completely different. But here is my take on it. The signs are slowly becoming bullish and things are looking good. 7>21 Price<200 RSI>50 Target R69.45 The rand though however needs to find stability and South Africa really needs to clean their act up especially the government. I do have hope. I have faith and I am optimistic. Because SA remains the most beautiful country, with strong possibilities, opportunities and the friendliest people imaginable. Ok rant over... Luckily we have time for this one to flourish and bloom. ABOUT THE COMPANY Truworths International Limited, was founded in 1917 in Cape Town, South Africa. Truworths operates a portfolio of fashion brands, including Truworths, Identity, Uzzi, LTD, and Earthaddict, catering to different market segments and consumer preferences. The company primarily focuses on offering clothing, shoes, and accessories for men, women, and children. It covers a wide range of styles, from casual wear to formal attire. Truworths has a significant presence in South Africa and operates over 700 retail stores across the country. It has also expanded its footprint to other African countries, including Namibia, Botswana, Eswatini, and Zimbabwe. The company is listed on the Johannesburg Stock Exchange (JSE) and forms part of the JSE Top 40 Index, which comprises the largest publicly traded companies in South Africa. ABOUT THE NAME The company was established in 1917 by a partnership between Jack Lewin and his son, Isaac Lewin. Initially, the business was known as "The Alliance Trading Company." However, in 1934, the name was changed to "Trueworths" to better reflect its commitment to providing quality merchandise at affordable prices. The name "Trueworths" was chosen to convey the idea that customers would find true value and worth in the products offered by the company. The change in name also coincided with a strategic shift in the business, focusing more on clothing and fashion retail rather than general merchandise. Over time, as the company grew and expanded, the name "Trueworths" evolved to "Truworths," which is the current name of the company. The name change to "Truworths" is believed to have occurred in the 1970s to modernize the brand and align with changing consumer preferences.
JSE:TRULong
by Timonrosso
Spar just broke below and it's BAD! Target R103.61Inverse Cup and Handle has formed over the last month for the retail giant. The price yesterday broke below the Brim level. This makes it bearish for downside to come. 200>21>7 RSI<30 Target R103.61 SMC - Above the Handle of the Cup is a Buy Side Liquidity Order Block. This is where Long traders BOUGHT and Short Traders got stopped. Where the BUYING took place with retail traders is where Smart Money came swept the liquidity and sold into it causing strong selling. With the bad rand, the load shedding, the world markets in turmoil - we are seeing selling to come for JSE stocks as of late.
JSE:SPPShort
by Timonrosso
DBGI | This is an Obvious Choice | LONGDigital Brands Group, Inc. provides apparel under various brands on direct-to-consumer and wholesale basis. The company offers denims; and men's suiting. It also designs, manufactures, and sells women's apparel, such as dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers; and sweaters, skirts, shorts, athleisure bottoms, and other accessory products. In addition, the company offers custom and made-to- measure suiting and sportwear, shirts, jackets, pants, shorts, polos, T-shirts, tops, and bottoms. It sells its products under the Bailey 44, DSTLD, Harper & Jones, Stateside, Sundry, and ACE Studios brand names. The company sells directly to the consumer through its websites, as well as through its wholesale channel in specialty stores, select department stores, and own showrooms. Digital Brands Group, Inc. was formerly known as Denim.LA, Inc. Digital Brands Group, Inc. was incorporated in 2012 and is headquartered in Austin, Texas.
DLong
by DivergenceSeeker
2
Head and Shoulders on Pepkor with strong downside to R16.38Head and Shoulders formed on Pepkor a few days ago. The price broke below the neckline accompanying with other bearish signals. 200 >21>7 MA- Bearish RSI<50 - Bearish divergence with lower highs Target R16.38 ABOUT THE COMPANY Pepkor was founded in 1965 by Renier van Rooyen and his wife, Elsie. The company started as a small clothing store in Cape Town, South Africa, and has since expanded to become a major retail conglomerate. Pepkor operates various retail brands, including Pep Stores, Ackermans, Shoe City, John Craig, Dunns, and Tekkie Town. Pep Stores is the largest retail brand in the Pepkor group, with over 2,200 stores across Africa. Ackermans is another major retail brand in the Pepkor group, specializing in clothing and homeware. Shoe City is a shoe retailer with stores across South Africa. John Craig is a menswear retailer with stores in South Africa and Namibia. Dunns is a clothing and homeware retailer with stores across South Africa. Tekkie Town is a footwear retailer with stores across South Africa.
JSE:PPHShort
by Timonrosso
The Search For Liquidity in ERA of TighteningYoung corporate executives in Mumbai, who may never have read Marx, were recently circulating by e-mail portions from Karl Marx's 150-year-old writings which lucidly talk about a stage in capitalism where banks would throw ever larger doses of cheap debt for consumption until there is a crises of repayment and the state would step in to take over the banks. Indeed, Marx had even said the original proponents of free trade will be forced to turn protectionist at some stage of globalisation! So it was only appropriate that the G-20 leaders should have met so close to Marx's grave. In fact, there are many other warning signals the G-20 leaders can take from the writings of Marx, undoubtedly one of the greatest thinkers of the 19th century. Seen in Marxian terms, the G-20 leaders represent the global bourgeoisie which wants to find new ways of revolutionising the instruments of production to take global capitalism to a higher level from what seems like a deep stagnation in large parts of the world today. In this context, Marx had specifically spoken about periods of commercial crises in advanced capitalist societies which are visited by an epidemic of overproduction The epidemic of overproduction creates total disorder in bourgeois society, threatening existing property and productive forces at large.
NASDAQ:LQDTLong
by noam_chom
Metair skyrocketing to R30.00 with a warningFalling Wedge which looks more like a rectangle flag formed on Metair. We then saw a Major breakout today. The next target is generally to the top of the formation. However, we have mixed signals and a warning. 200>21>7 - Bearish RSI>50 - Bullish Target R30.00 WARNING We need the price to break above the 200MA to indicate it's in a confirmed uptrend. We need to wait for this to happen before the bullishness shows more on the charts. ABOUT the group manages an international portfolio of companies that manufacture, distribute and retail products for energy storage and automotive components. Metair was formed in 1948, becoming a supplier of automotive components to a single OEM in South Africa in 1964.
JSE:MTALong
by Timonrosso
Academy Sports (ASO) I bought some of this near the IPO back around $15 a share. I cashed out around $28 a share. I wished I had held, it is now near $63 a share. Small cap sports retailer out of Katy, TX with superb financials and growth plans. 0.47 PEG, ROE of 41.71%. Solidly increasing free cash flow and margins. Solid and steady accumulation. $67.13 is 1.618 extension on monthly. $67.83 on weekly 2.142 extended on daily right now, so I am hoping for a pullback to the $57.74 on daily 23% extension, which is in the range of the thin vol profile on weekly down to volume expansion at $58.41 $51.66 mo. & weekly 23% fib retrace; thin vol profile on weekly down to $58.01 $51.51 prior swing high on weekly $58.41 23% fib on daily; thin volume profile from $61.89 down to $58.41 fib I don't chase, I always wait for a pullback to buy, so I am setting an entry target of $58.56 in hopes of a pullback to higher volume profile off that 2.142 extension.
NASDAQ:ASOLong
by UnknownUnicorn13101