$HIMS THE NEXT EXPLOSIVE RETAIL STOCK! NYSE:HIMS THE NEXT EXPLOSIVE RETAIL STOCK!
3 Reasons Why in this Video: 📹
1⃣ My "High Five Trade Setup" strategy
2⃣ Massive Cup N Handle Pattern, 88%+ measured move.
3⃣ Review my "HOMEMADE" Valuation Metric for NYSE:HIMS , showing us a fair value of $35!
Video analysis 1/5 dropping today. Stay tuned!🔔
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NASDAQ:TSLA NASDAQ:SOFI NYSE:PLTR NASDAQ:NVDA AMEX:IWM NASDAQ:QQQ AMEX:SPY NASDAQ:IBRX NASDAQ:WULF NASDAQ:UPXI #TradingSignals #TradingTips #options #optiontrading #StockMarket #stocks #Retail
Retailstocks
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND!
Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice.
STOCHASTIC UPTREND
MACD UPTREND & BREAKOUT OVER ZERO LINE
RSI UPTREND
STOCK PRICE UPTREND
SYMMETRICAL TRIANGLE BREAKOUT
- MEASURED TRIANGLE: 727 BARS
- BREAKOUT MOVE 727 BARS HIGHER
(86.87%) $15.63
- TAKE PROFITS: TOP OF THE TRIANGLE
(39.78%) $11.70
- STOP-LOSS BELOW MA's AND VOLUME SHELF
2.5 RISK TO REWARD (15.89%) $7.04
COSTCO needs one more Low before it bottoms.Costco (COST) has been trading within a Channel Up pattern since the March 07 High and last week it hit the 1D MA50 (blue trend-line) for the first time since August 09. Even though this is the standard short-term Support level, we expect the price to break it and approach the bottom of the Channel Up where both previous Higher Lows were priced.
Our Target is $1000, just below the 2.0 Fibonacci extension, where the last Higher High was priced.
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HOME DEPOT Consolidation then rally until end of the year.Home Depot (HD) hit our $415.00 long-term Target as called on our previous analysis 5 months ago (April 24, see chart below):
It doesn't show however any signs at all of stopping here as the Channel Up has still significant upside potential before it prices a Higher High on its top. Being on its 2nd Bullish Leg and approaching the 1.236 Fibonacci extension, it is possible to see a minor short-term pull-back and then a more structured rise until the end of the year.
This is at least the pattern that the 1st Bullish Leg of the Channel Up followed and is that helped us pursue the previous ($415) target in the first place. The 1W MACD also shows the strong similarities between the two Bullish Legs.
As a result, our new long-term Target is $460.00 (marginally below the 1.786 Fibonacci extension).
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WALMART Short-term correction on the wayLast time we looked at Walmart (WMT) we gave a solid sell signal (March 27, see chart below), which served as a pull-back step for the stock's amazing recent Bullish Leg:
This time, the Channel Up it's been trading on is more aggressive, with each Bullish Leg posting rallies of +22% and 23.60% and bottoms made only just under the 1D MA50 (blue trend-line), presenting easy buy opportunities.
As the moment, the price is already on the Channel's top (Higher Highs trend-line), having completed a +22% rise and technically the maximum it can go to is +23.60%. As a result, we expect a short-term correction now of at least -6.40% (similar to the last one). We estimate that to be around $77.00 and once the 1D MA50 breaks again, we will get our new buy opportunity, possibly on the 4th candle after the break.
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HOME DEPOT Buy opportunity on the 1D MA200.Home Depot (HD) gave us last time (October 09 2023, see chart below) an excellent buy opportunity that quickly hit our 326.50 Target:
The Bullish momentum was so strong that it broke above the Triangle pattern and gave way to the emergence of a Channel Up. The recent 30 day correction since the March 21 High, can be technically seen as the new Bearish Leg of the Channel Up.
With the 1D MACD about to make a Bullish Cross, which has historically been an early buy signal for HD, we have the best buy opportunity at hand since October 27 2023, even though the downside can easily extend as low as 322.00 (-18.80% from the top).
This is good enough for us to buy and target initially the 1.236 Fibonacci extension at $415.00.
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JOHNSON & JOHNSON Time to start buying.Johnson & Johnson (JNJ) quickly hit the $147.00 Target that we set on our very recent sell call (April 03, see chart below) and is now approaching the bottom of the massive 2-year Channel Down:
Even though based on the very reliable and consistent Sine Waves, the bottom might be a process that can take up to 2-months, the stock is low enough for medium-term investors to start considering adding buys.
On top of that, the 1D RSI is highly oversold below 20.00, the lowest it has been in more than 4 years (since February 28 2020)! As a result and since the Bearish Legs of this Channel Down have ranged within -14.78% and -17.58%, we are turning bullish on this stock, targeting $157.50 (minimum +13.00% rise as with January 22 2024 High).
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JOHNSON & JOHNSON More pain along the way. SELL.Johnson & Johnson (JNJ) got rejected on its 1D MA200 (orange trend-line) - 1D MA50 (blue trend-line) Resistance Zone. It has been practically trading sideways since the start of the year and based on the Sine Waves, that priced the new Top (Lower Highs trend-line) of the 2-year Channel Down pattern.
The expected completion of a Bearish Cross this week on the 1W RSI, will confirm the Sell Signal, as all 3 previous Bearish Cross sequences were forme just after a Top. Though their declines ranged from -17.58% to -14.78%, we will use the October 10 2022 Low as an example and target the 0.9 Fibonacci retracement level at 147.00 as since the Bullish Leg was limited, we expect an equally less aggressive Bearish Leg towards the bottom of the Sine Waves.
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WALMART RSI Bearish Divergence points to $58.00Walmart (WMT) has been trading within a Channel Up pattern since the May 20 2022 Low. The current Bullish Leg is approaching the pattern's top (Higher Highs trend-line) and the probability for a correction becomes greater on every up move.
As the 1D RSI has been on a Bearish Divergence since February 20, similar to the April - May 2023 Divergence, we are expecting a symmetrical decline of roughly -6.00%. That gives us a short Target of $58.00.
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ALIBABA The fall of a former giant continues.Alibaba (BABA) has been trading within a Channel Down since the July 31 2023 High. The 1D MA50 (blue trend-line) has been acting as the basic Resistance while a truly sustainable bullish trend can technically exist only above the 1D MA200 (orange trend-line).
Until then every 1D MA50 rejection such as December 28, is a Lower High on the Channel Down and a sell opportunity. Every Lower Low has been greater in decline % terms, the latest was 20.30% so we can see a Lower Low around 62.00 before a rebound, buy we will buy if contact with the bottom (Lower Lows trend-line) of the Channel Down is made earlier. The Target will be +11.00% from that point.
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AMAZON The rally isn't over yet. Still time to buy and profit.Last time we looked into Amazon (AMZN) on October 30, we called a bullish break-out signal, which in two weeks hit our $146.00 target (see chart below):
We zoom out on the 1D time-frame now in order to identify the longer term patterns involved. Based on the 1D RSI which is pricing a Support on the former Lower Highs trend-line, we can see the very same formation on January 18, above the 1D MA50 (blue trend-line). This was also after a break-out above a Falling Wedge, a pattern which formed the market bottom of the Inflation Crisis.
The stock shortly after completed a +39.84% rise and peaked just over the 1.382 Fibonacci extension. As a result, we are now targeting initially 156.50 (1.382 Fib) and early in January 165.00 (+39.84% from the bottom).
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ETSY Great buy opportunity on this bullish break-out.Etsy, Inc. (ETSY) pushed above the 1D MA50 (blue trend-line) today and is headed for the top (Lower Highs trend-line) of the 4 month Channel Down. That is the short-term pattern within the 1 year Triangle formation, and since yesterday was a Higher Low on its bottom, if the Channel Down breaks, we expect a strong bullish reversal.
In fact the same Double Bottom and subsequent bullish break-out can be seen in late June 2022. Our target is initially the 0.5 Fibonacci retracement level at 115.00 and after a pull-back, the 0.786 Fibonacci at 135.00 that will form a new Lower High on the Triangle. If however we see inability (straight rejection) to break above the 1W MA50 (red trend-line), we will take profits earlier, as this is the long term Resistance for the stock.
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AMAZON Generational Bottom and buy opportunityAmazon (AMZN) has been trading within the MA300 (red trend-line) and MA200 (orange trend-line) on the 1W time-frame for more than 2 months. In multi-year terms, this is the equivalent of a bottom formation within the Bullish Channel that started after the bottom of the Dotcom crash in September 2001.
More specifically, the 1W MA300 hasn't been touched since January 2009 (bottom of the housing crisis) and the last time a (Higher) Low was formed within the 0.236 - 0.382 Fibonacci retracement levels (Fib Channel applied on the pattern) was within October 2014 - January 2015.
With the 1W RSI rebounding after breaking inside its multi-decade Buy Zone (has done so only another 3 times in 21 years) and the 1W LMACD inevitably about to make a Bullish Cross, this seems like a golden multi-year buy opportunity for Amazon. The Higher High target has been the 0.786 Fibonacci level since late 2018.
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GME may continue the climb, but is the risk worth the candle?The advisor Market Miracle generated an input signal for the title GAMESTOP $GME at the price of 237 USD with a target of 315 USD.
The company is known by all for its capillarity on the territory but also for the recent events that have seen the value of the action literally skyrocket and not because it is a particularly healthy company.
In fact, its balance sheets are certainly not the most rosy but the value of the stock has risen and climbed again on strategic plans of the company that provides an online reconversion of their business and thanks to groups of traders who have recognized in GAMESTOP a possibility of Speculation actually managing to bring the title to unimaginable levels.
But the risk is worth the candle ? This is what every trader should assess at the time you operate on the market, the risk of getting stuck in a stock for years without seeing any profit but only losses is not in my humble opinion properly evaluated.
Then surely the title will go up again and maybe even the forecast given by Marketmiracle will prove effective giving rise to profits but I personally prefer not to betray situations like these.
According to the graph the situation is compatible with the one reported Marketmiracle for which I expect in the short a movement of the prices like those designed by me on the chart, but I will definitely not take positions.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
LB Lower lows should continueMay be a poor representation of what I see but here goes.. Looks like stock has been making lower lows and recovering to about the previous drops lows. Looking for this to drop below $15 within the next 1-2 months and then potentially retest $20 area.
Fundamentals also seem to support further decline. Recently sold 55% stake in Victoria's Secret brand and is now mainly Bath and Body Works. Market cap still almost 7 Billion. Company continues to post lower net income each quarter for over 3 years.
YETI - LongThis has been in a wide range consolidation since April 2019, approaching the all time highs and sticking within the ascending channel verified multiple times throughout 2019. This lengthy consolidation is healthy, and if the upcoming ER demonstrates continued growth and brand loyalty with YETI products- the upside here will continue. Think lululemon & black leggings, kleenex & tissue, ipod & phone, yeti & mug / cooler
Iconix Brand Group Technical Analysis Higher lows since it bottomed out at 52 week lows (.65) back in June. Built new support @ $1.20. Would be ideal if it can continue to hold above new support.
Next major resistance up @ $1.65. Pivot $1.93 and I believe we can see retracement back to (April highs). PT: $2.40
Taking Another Stab at RetailersRetailers have been good to me over the last year and a half. It shouldn't come as a surprise that I've found solace in the retail space given my investment style. I like to find best of breeds in the most beaten down industries in the markets. BGFV is one of those. The company has increased nearly all margins over the last three years while increasing ROA, ROE, and ROC.
Detailed post will be coming on the blog this week.
I entered a starting position as price seemed to hold support at this current level. Will be looking to add as long as price advances my way.
As always, let me know if you disagree and let me know what you think I'm not seeing.
Always trying to improve,
Brandon