SHP broken supportChart says it all. I'm looking to short the next bounce. Analysis based on the weekly data. All indicators still pointing lower. Risking 2% of portfolio
Retailer
JD.COM in trouble if you care about head and Shoulders
For me JD.com will be a nice furture investment to battle Alibaba and Amazon, but by now they just don't make any profits and the chart tells the same story.
Buying opportunity at around 20 $ for a long run up.
Just my opinion so make your own research
and like always
May the markets be with us
ASOS forms a bearish ascending wedgeASOS forms a bearish ascending wedge
That's bearish, although ASOS is still in an uptrend
Breakout just happenedDuluth Holdings keeps scaling up, investors do no longer ignore it and buy in before earnings!
Company's retail sales growth is soaring and solid gross margins will be maintained.
Retailers and XRT are going to sell sharply on poor economicsI am very bearish on the United States economy. Retail data has been sliding lower and I expect that to get worse before ti gets better. Plus, on aggregate, one company seems to be taking all the business away from the rest. The others will collectively drag down the industry as more and more consumers switch to online shopping.
I am bearish on XRT and going short and have an extensive article on this .
Long-term view on TGT- Weekly ChartTarget has really taken a beating lately, primarily due to them losing market share to the mammoth Amazon. With the most resent earnings, TGT has broken down below what had been downward sloping support. My expectation is we will have a slight sell off early this week (week of 4/3/2017) but will ultimately retest the line that had been support, but will now be resistance, which should occur around TGT $61.50 area. In my view, TGT will then trade sideways/down and eventually break-down with speed to ultimately hit $43.60's area, or the 1.414 fib level. The timing lines up with my view of the overall market and also is a point where TGT will be hitting long-term support. Not a huge fan of retailers dwindling in market share but if this does occur, it may set up for a nice buy given their decent dividend and at that price it would be considered cheap. In summary, in my view, you can buy now for the short-term bounce to $61 but you don't want to be holding this stock once it reaches that level!! Wait to buy Early/Mid 2018.
COST break up of consolidationCostco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock.
It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention.
Higher lows and higher highs tell us that buyers are in control. Next important resistance is at $120 which could be our target.
