PVH trade ideas
My short favorita for today $PVH 5-30-2019Good Morning, i hope its a great morning for everybody, so for today there's a few names for a quick daytrade short position, as you can see on my chart my fav is NYSE:PVH , its gapping down on earnings, according to my tech analysis its below all the MA's, its breaking an important trend line, it has some support at 86.50 and 84.50, but if we can break the 86's i will definitely take a short position with a first target of 2 points all the way down to 84.50, and if we break this level we will have a wonderful 3-4 points move,.
Remember this is for educational purposes only, do your own tech analysis before trading.
$PVH Steady Increasing Volume and MoreAfter the huge volume in September of last year, volume dropped off.
It took some time, but then volume started to crescendo and price followed.
Then it dipped again on November 29th during that E.R..
Volume is increasing again now after a huge bottom signal from the CM_Williams_FIX_VIX...
There's a slight divergence in the Chaikin Oscillator on the OBV, but it is barely there. OBV also just took out a prior resistance level.
I also liked an unusual order of options in the stock. A trader opened a $252,000 position into the March 15th expiry $100 strike expiry (traded mid-mkt). The stock was $93.03.
Based on the chart I thit get there's pretty easily by March. I operened a small equity position on Friday but may add Monday.
PVH Approaching Support, Potential Bounce! PVH is approaching our first support at 84.79 (horizontal swing low support, 100% fibonacci extension, 78.6%, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 116.69 (38.2% fiboancci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
PVH long its a good looking bullish chart. we can make potential gain from this equity PVH.
Buy Zone - $144.28 (Market Price)
Sl- $139 (any weekly close bellow this area or you can follow my confirmation)
Target : 1st - $169 , 2nd - $187
It is a good risk reward trade. You can do one thing for minimize the risk by put option exercise. by this way it cant harm your portfolio.
Thanks Everyone.
Short PVH on trendline breakThis 120m chart of PVH shows the stock breaking lower through trendline support. The move off the high is in 5 Waves, which means it is likely Wave A of a correction or Wave 1 of a larger downtrend. Either way, this is an opportunity to sell into Fibonacci resistance ahead of the next wave down. Initiating a short position at 153. Immediate target is 140 with an extension lower. A move above 169 invalidates the setup.