UNLOCK PROFITS! 5 Opportunities to Capitalise1. Tesla (Weekly Timeframe) NASDAQ:TSLA
● A symmetrical triangle pattern is clearly visible on the weekly chart.
● Following a recent breakout with strong volume, the price is likely to rise significantly.
2. Lam Research Corporation (Weekly Timeframe) NASDAQ:LRCX
● After breaking out of the cup and handle pattern, the price surged to an all-time high around the 113 level.
● A notable rejection from this peak caused a pullback to the previous breakout level.
● The price is currently consolidating at this level, preparing for a potential upward move.
3. Tapestry (Daily Timeframe) NYSE:TPR
● The stock has been trading within a rectangle pattern for a while.
● Now, following a robust breakout supported by significant volume, the stock price is primed for an upward trajectory.
4. Oppenheimer Holdings (Daily Timeframe) NYSE:OPY
● After breaking out of a bullish pennant pattern, the stock price is targeting higher levels.
● The breakout was accompanied by significantly high trading volume.
5. Deckers Outdoor Corporation (Daily Timeframe) NYSE:DECK
● The stock price has formed a symmetrical triangle pattern.
● A recent breakout could drive the price to higher levels.
Tapestry
👜💼 Tapestry (TPR) - Amazon Deal and Growth Strategies! 📈💡📊 Analysis:
Amazon Deal: Tapestry's groundbreaking deal with Amazon to sell Coach bags.
Acquisition: Planned acquisition of Capri Holdings for $8.5 billion.
Revenue Growth: Record revenue and anticipated stable long-term growth.
📈 Bullish Sentiment:
Entry: Suggested entry above the $39.00-$40.00 range.
Upside Target: Aiming for an upside in the $66.00-$68.00 range.
🌐 Note: Monitor market trends and company developments! 🚀📊 #Tapestry #StockAnalysis #AmazonDeal 🛍💰
Tapestry Inc Inverted H&STapestry Inc is testing the neckline of an inverted head and should pattern with price above all MAs(8,21,34,50,100,200) and all MAs in bullish order. This indicates a bullish price trend.
The lower PPO indicator show the green PPO line rising and above the purple signal line indicating short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish momentum.
The lower TDI indicator shows the green RSI line recently crossing and holding above the 60 level indicating a short-term bullish trend. The green RSI line is above a rising purple signal line and currently trading outside of the upper Bollinger Band. In general, you want to stay long when price is above the upper band, but caution is warranted as price tends to correct when the RSI line crossed back below the upper band. The overall trend in RSI is between the 40-80 levels which indicates intermediate to long-term bullish price trend.
Assuming that price breaks above the neckline and closes and opens near the $46 level, a measured move from the head to neckline is $7 gives us a projected target near $53.
My buy price for this trade is $44.41.
My stop-loss(SL) is at $41.11.
My max risk/loss on this trade is roughly -7.5%.
Potential gain is +15%.
On any given trade my position size is based on a max loss that can be no more than 1% of my total portfolio value which determines my trade size. I might lose -7.5% on this trade, but that loss would not exceed 1% of my total portfolio.
Tapestry - challenging MA200 right nowSign of Reversal to bullish trend
- Candlesticks challenging MA200 , possible to stay above it
- If we take a look at ichimoku indicator, candlesticks moving above cloud & lagging span moving above candle sticks (Signs of bullish trend)
-Retracement line R3 retrace approximately 0.78fib of Line C, stronger than R2 retracement 0.6fib
-Downtrend line c which form Lower low (LL3) has smaller magnitude but higher downtrend momentum (mixed)
Bulk of the traded volume for past 650 days is between 27 to 34. Serving as a support area.
If candlesticks fail to stay above MA200, look for support within ichimoku cloud . Wait for reversal pattern such as double bottom , follow with high trading (vertical green) volume to signify support.
$TPR #Tapestry - fashion brand Bullish!$TPR #Tapestry!
1D Chart of my wife's favourite fashion #stock - they own #Coach & #KateSpade!
Concept: Use profits earned from capital appreciation in this stock to buy more Coach and Kate Spade products!
CHARTS:
- 1st SuperTrend BUY triggered.
- #VCCB candle - Olive green! (Indicates Strong buying volume >100% but <150% of its average 21Days.
- Look at Fib levels for possible targets.
- RS line curling up ( RS = Relative Strength ). Take note this is totally different from RSI ( Relative Strength Index ). We use RS to measure if an asset is outperforming a benchmark. The SPY is used as benchmark for this chart example. A Green RS line that is sloping upwards generally indicates the asset has stronger strength (outperforming the benchmark).
💡IMPORTANT DISCLAIMER: All Information, Commentaries and Opinions shared in this group are purely for educational and entertainment purposes and ARE NOT recommendations to buy or sell any stock, security, or asset. Please do your own research and due diligence, and exercise your own discretion for all trading and investment decisions.
US Stock In Play: $TPR (Tapestry Inc)$TPR posted a weekly gain of +6.79% to close at it’s 52-weeks high at $42.14. The price acceleration was induced by a technical breakout of a Bullish Wedge chart pattern along with its 4 months trend channel, that was broken out with an 28.6% increment in its daily average volume.
At the current junction, $TPR immediate classical resistance level is at $45 which was last traded in October 2018. Any upcoming correction for $TPR not exceeding below $38.40 will ensue its technical strength for a further mid-term rally.
$TPR provides luxury accessories and branded lifestyle products through three major brands (Coach, Kate Spade, and Stuart Weitzman.) in the United States, Japan, Greater China, Other Asia, and internationally.