PII trade ideas
PII: Sort OpportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement close.
Market is currently closed. No market activity presented so far. We ll try to find an entry price between 130.67- 129.08 just after the opening bell.
Furthermore, a complimentary "If Done" analysis that maximizes exposure to risk, but at the same time exchanges acquired profit to zero losses in order to double initial profit.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested past succeeded performances.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
PII - H&S & Long term pennant formation short down to $47.33PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Polaris $PII - Long setupPolaris range-bound and finding support at $80. Setup for a nice bounce back to $85+ in the near term leading up to ER.
more to go?? We had a nice inside candle yesterday so look for any gap down today 9/14 or in the near future. If we get this gap down even minor this should go to $67, which is the last support level from Feb of this year. If we get any gap up over the high of 9/12 then look to hit into the 100 or 200 moving average.
PII - Short from current label Overall bearish momentum for mid to small retailers as Big retailers like Amazon & Walmart are killing them. We think PII is a $55 stock trading at $75 & it will break down now.
Overall bearish momentum for mid to small retailers as Big retailers like Amazon & Walmart are killing them. We think PII is a $55 stock trading at $75 & it will break down now.
$PII TARGET 1 Price: 96.53 $PII TARGET 1 Price: 96.53 Profit: 13.9%
Stop/Trailing Stop: 82.11 Loss: 3.1%
P/L Ratio: 4.5 : 1 - Excellent
PII Short. Keeping it simplePII has rejected a resistance zone after moving up into it on low volume.
Underlying trend support lies lower.
Risk reward is reasonable here.
DYOR.
Watching for a breakout to new highs.The weekly chart for PII looks strong with good price action backed up by heavy volume. Before I enter long I want to see a strong breakout where price closes at or very near the highs on higher than average volume on the daily chart. My stop will be just below that days low and entry 10 cents above the high. I also want to see the S&P follow through to the upside. Without the market moving in the same direction the risk of getting wiggled out is too high.
