There are numerous headwinds to the Chinese economy and normally I would say the CCP would be able to manipulate the mechanisms needed to keep stability, but not this time. This time it is different due to conflicting policies and factors outside of their control. You have their 0 Cov policy which is causing widespread business disruption as the Chinese vaccine...
Go long SSI at 36.9, break out VCP pattern for 4 months. Price and Volume breakout confirmed for the previous efforts date 10 May and 13 May.
SSI - Awesome move for those of you who may already be in this trade from the fallen angels scan. A second aggressive Flag and Fallen Angel Play may be possible here. If you are uncomfortable trading this move on to something else. If the stock holds support and starts to break above 0.65 could be an entry here with a stop at 0.53. (High risk so would use smaller...
May have potential movement upward still even if we technically see it high fundamental euro may bang above a bit higher the way how EURUSD proved it every high no sell! I had some sentiment analysis though and I feel it has more potential upward prolly around r2 or even r3 let's see depending on the impact of BOE rate decision yet to come but pricing will occur...
SSI is up 915% since JAN 2019. Time to ride it down. Bitcoin and tulip mania for discount retail? Next bubble... Initiated small options trade SSI APR 2020 $5 PUT. Ten contracts at 1.30. Break-even = $3.70. I'm betting this stock trades below $3 before April.
Stage Stores, Inc. engages in the management of retail shops and department stores. It offers private label apparel, accessories, cosmetics and shoes. The firm operates under the following brand names: Bealls, Goody's, Palais Royal, Peebles, and Stage. The company was founded in 1988 and is headquartered in Houston, TX. SHORT INTEREST 4.2M 08/30/19 P/E...
From a technical perspective the USDJPY put in a bearish engulfing pattern on 7/21, which coincided with the channel trend line and major resistance area of 105.5-106.5. Now today we put in a 4 hour bearish pin bar retesting that same area. The retail crowd has also been adding to their longs recently, which now sits 59% long. Just more evidence that we're...