Just picturing in my charts what I think will happen next weekLong, trap for buyers coming soon. Overall market been oversold for years when will we dig deeper is the questions for me every quarter... a broken clock has to be right at least once ??
SOUP
Campbell SoupThis is just another chart I'm watching. It looks bullish, but I want confirmation. Looking for a weekly hold or two at these levels before I jump in. The macro economic conditions are not good for stocks, but i do love me some soup
WHAT/WHY/HOW - TURTLE SOUPNo, this does not taste like chicken. What it does taste like is fresh lobster and expensive caviar, if you can master it, that is.
Nice 31 deg.angle..right direction. Climb on my little donkey !Come on now, not every day has to be parabolic. You need a little rest and recovery time before you are called on again to perform. (Wink Wink) That's how life is. There are patterns. There are cycles. There are waves. There are seasons. If you try to fight it, , you will end up as road kill on the side of the road. Just dance from wave to wave, enjoying each season. Learn to roll with the market.The big waves can knock you down and under, stand sideways when they come and you will remain standing to trade another day. Float like a butterfly...sting like a bee. Ok, that's enough spiritual inspiration for you pelicans. If you don't know about this asset, go and research it right now. Not later, not tomorrow, right now. There will be a test.
OK, time to buy some NFT's from Sir Anthony Hopkins entitled The Eternal. Produced by Orange Comet. Some of the finest art I have seen in a very long time. Any comments or expressions to the contrary are merely uninformed rubbish from an unwashed rube with little or no artistic merit whatsoever.
Have a pleasant and interesting day.
The Sublime Prince of Enlightenment and Artistic Expression
Toronto, Canada
"To whom much is given, much is asked"
Campbell Soup MacroThis is an add-on to my last campbell long chart because I didn't give enough info. I am not long here. I won't go long here. Because of the macro conditions, I think there may be another buying opportunity lower. If I miss the run from here, no sweat. I'm not riskin' nothing.
Let's take a look at the Campbell Soup monthly line chart. No need to get bogged down with candle patterns. We're just looking for future momentum / direction.
In 2017, we had a break of structure. It held the low there, and over the next months, it carved out a bottom. Then we got an upthrust which has held for years, besides one break of structure, which is a point of interest for me at $~40.00.
Logically, we want to claim direction. Bullish or bearish. That's how our brains think. But the wyckoff trader sees actions happening in slow motion, acting at points of interest. If I was more aware of this chart, I would have bought at $36.00 after it held for a few months. But it's a very slow moving chart, so it's not exciting. Therefore, I didn't give a shit.
What I believe will happen is this structure will break. If that happens, a good buy-in is anywhere between $32-$38. That's where I'll go long, and my target will be $73 LONG TERM, but I will push my stop loss up as we gain profit, until the trade is fully paid for.
Campbells Long IdeaRange bound asset, Near the bottom of the range. Would not mind a small retrace for a more equitable trade TP at the .618 and top of the range. While there is Classic divergence playing out, a small retrace would help make the trade equitable. Would really like the entry if the price went to 45.84.
CPB - Campbell Soup - WEEKLY Setup (again)Not my favorite stonk to play but the trade worked to 1st target twice last trade.
CPB
BUYZONE = 47 - 48
Cost Avg Down (CAD) = 44-45
1st Target = 51
2nd Target = 54
3rd Target = 57
HODL Target = 63
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$CPB 12-1 AnalysisVery tight consolidation from prior earnings till now in anticipation of EOY earnings. Implied move this week is right over 5%. Might never be able to be played out due to earnings this Wednesday, but looks to be a decent earnings strangle as a good R:R play. 12/20 exps good for both plays as shown. Can wait for earnings outcome to play safer if possible. NYSE:CPB
Tough timesWhen times are tough, we eat more soup?
Millennial's wouldn't know about tough times, so $CPB is not on their watch list!
Weekend Quickie #2 - Failed Strategy, Fake News, #dumpcampbells.How do you lose $393 million dollars in one quarter?
Step 1. Run social justice ads that don't work in the consumer staples space, and -
Step 2. Spend more money to put the same poor product in refrigerated and other higher-cost space.
How do you make things even worse?
Step 1. Say your profits are going to fall, and instead of being honest -
Step 2. Disseminate fake news blaming steel tariffs, rather than holding the company accountable for unpopular advertising and not producing legit, good quality products - and then paying up for higher-cost space.
Bonus points: Have your CEO abruptly step down.
That's what Campbell's did, and as a result, stock price was down over 12% on 5/18. Campbell's future is uncertain and there's likely still some downside momentum from a short-term technical perspective in addition to a longer, drawn out descent in price as CPB struggles to salvage its brand.
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Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes - good luck! **
NVCNSome pig soup might be on the menu do your own DD this is my opinion. I'm not into the lingo I make my own.
