👜💼 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 🛍💰
TPR
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.
BILI right here.... this will be my 5th trade in this series.If you don't know I love BILI both as an anime company and because of its lovely predictable stock price movements.... I am not saying this can't revisit $8 like it did when I got in at $15 however, it glimpsed $8 and came back to profitable in about a week.... and I don't really do option calls for less time than that unless its a short. Bili had decent earnings which I believe they used to stop the bleeding.... Magically right in my target zone. If you haven't been following go look at my previous calls and puts on Bili. I am like a Bili whisperer... lol I put the 20 min chart on here so you can see a fair good amount of price action... The long term is doo doo on this because its been bleeding for over 5 months. This would be catching a falling blade. I have a 7 day right now for teasers to see if it will move or not. if it does start to move I will wait for a pull back and jump in again. Price Target Upper $28-29 range. Might take profits 20s and 25 range and leave runners.
p.s. I am not saying just jump in blindly... I am saying this is where It peaks my interest. Trade at your own risk. Don't use money you can't afford to lose.
I will leave you with a quote from Cable Guy, " OH! Bili........."
by iCantw84it
06.02.2023
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.
Undervalued Stock Series #1 : TPRSeveral DCF valuations have suggested that the current price is on average 35% under the fair price.
On the technicals, price is trading above the 100-200 EMA cloud and have broken recent price structures. It is not a buy just yet. I will wait if price makes quick correction to $42-42.50 and see if we can get a bounce from there. Who knows this recent rally this month is just a Bull trap.
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.
$TPR Tapestry, Inc. - Possible Cup & Handle Forming$TPR Tapestry, Inc. - Possible Cup & Handle Forming on the Daily Chart
Bullish hammer today on the daily chart, bouncing off support just above $16. Resistance level up above at about $18.10 - anticipating a move back to this level near term with an eventual breakthrough sometime in October. Once we get a close above $18.10, expect a strong move to follow.
Near term price target: $20.00-$21.00 range by mid-Oct
Adding to the bullish sentiment, there was also some unusual bullish options activity with 3k $17.50 strike (out-of-the-money) May'2021 calls traded today vs open interest <400 or about 9x OI for total premium of ~$850K.
Note: This is NOT investment advice.