NASDAQ:ROST Breaks Double Top Now What? Waiting for a pull back to (alert added) 122.70 and will take a small long position, a close below that price and I stop out on a weekly basis. Only way to manage a trade is to be in a trade.
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. Preferred trade is to sell into rallies. Our profit targets will be 98.51 and 96.51 Resistance: 107.50 /...
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61) Short term bias has turned negative. We are trading at overbought extremes. We have a Gap open at 18/11/2022 from 97.93 to 114.80. Previous support at 113 now becomes resistance. 50 1 day EMA is at 112.96. Preferred trade is to sell into rallies. Our profit targets will be 98.51 and...
Each time ROST has seen price hit this level on indicator a prompt rejection back upward has been seen If the past is any indicator, this pattern will likely repeat Long Entry
Ross Stores Short Term - We look to Buy at 62.32 (stop at 53.59) This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher...