$FL go bullish @68$From all my technical analysis i came to the decision that $FL is going bullish in a couple of day!
WOO trade ideas
Footlocker Put Long FL has a D/E of 0.00 (macrotrends) and a C/R of 1.73 (macrotrends). My analysis shows a long term down trend in a solid looking channel. Down trends of same or very close lengths -49-50 on tradingviews ruler function. Equally, the uptrend show the same at around +39. Now unless FL breaks out of this long down trend imo its set to continue as normal back down to around $17 possibly abit lower. Covid19 seems to have not harmed FL much with Free Cash Flow up 76% on the previous year and an intrinsic value per share of $48 per share (in my opinion).
$FL Foot Locker Ready to Run
FL is pushing hard against the long term trendline.
Stimulus and reopening of the economy are
obvious stimulants.
Alert set at $58.00 for a potential scale in entry
FOOT LOCKER A MAJOR PLAY FOR Q1 & Q2?As vaccine distribution continues, Consumer/Retail Discretionary should be an outperforming sector for 2021. The retailers who are expected to contribute to this growth are those who offer an excellent online AND brick-and-mortar experience. Retailers are now in a context where they can grow without needing to expand their physical footprint. My strategy is to find well-managed retailers with an outperforming online channel. I think Foot Locker fits these two criteria. Any thoughts?
$FL Foot Locker Gap Fill Trade Setup
Potential gap fill trade setup.
Alert set for break above $48.00
Target price $52.00
If FL holds the $44 range, it's primed for an immediate breakoutFootlocker has recovered fairly well. It's been on a slow but steady uptrend while recently blowing past pre-pandemic pricing. Footlocker recently hired CIO to oversee the online portion of operations and if history knows. A new CIO that specializes in online shake ups at companies is a good thing for a long term prospectus.
Footlocker on the rise over next week Bouncing between support and resistance lines, and looks like it may be able to breach the resistance line this time. If not, it will just take the ride back up to resistance and drop off.
The analysis is strongly backed by MACD, which is at a low. This is much lower than previously, which may mean a stronger push upwards.
RSI is also below the oversold line, meaning that it will likely be pushed up again soon. This seems to link very nicely with the MACD and the drop on the candlestick graph.
Just wanted to say- I am still very new to technical analysis so any criticism would be appreciated!
Why I am still holding Foot LockerHey everyone and welcome,
We are already up 40% on Foot Locker !
So why am I not selling yet ?
We can see on the graph that Footlocker has recovered to a pre covid price. What is interesting though is that in 2019 Q3 the stock price was around 40$ with a profit of 125 Million.
Now look at the stockprice in 2020 Q3, the stock price is around 40 with a proft of 265 Million !!!
I post more often on my broker. Feel free to follow me there or copy me :)
www.etoro.com
$FL with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $FL after a positive over reaction following its earning release placing the stock in Drift B
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FL - Reversal towards earnings ?Hello Everyone! Looking at the daily chart of Foot Locker it is quite interesting to spot the divergence between price and RSI once it reached the upper Bollinger Band and the previous bounce of the price off its 100 sma.
Considering that FL has recovered almost all have been lost during the pandemic, and earnings are coming on 20th November, it seems there is plenty of time for the divergence to take place pushing the price down to its 100 moving average or close to that, perhaps in coincidence with Fibo retracement of 38,2%.
Unless earnings will bring a negative surprise, prepare for another bounce...
Thanks for reading and leave a comment if you like to do that and....may the market be with us!
FL - 8.46% Potential Profit - Bullish PennantThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
About Entry / Exit, I have two options, based on how the market opens. A Limit or a Stop buy - Stop Losses change accordingly.
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $32.19 (Limit) or $32.87 (Stop)
Suggested Stop Loss $31.46 (if you enter Limit) or $32.26 (if you enter Stop)
Target price $34.97
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
$FL Foot Locker Runs Higher
Post earnings rally looks set to continue if optimism continues
that the economy and consumer is coming back fast.
Major break above downtrend and 200ma complete.
Potential long targets
$35.25 to previous pivot
$37.00 Strong horizontal resistance
$AX1 Accent group to follow footlocker $FL?Footlocker is opening up +20% premarket on Monday on the back of strong sales and profit outlook.
The red line represents the Accent group which is the leading footwear retailer in Australia.
The charts follow pretty much the same pattern and show strong consolidation at the levels marked.
Footlocker broke out today. AX1 this coming week?
FL - LONG SETUPFOOT LOCKER. Wow. Ok. BULLISH DIVERGENCE ON THE MONTHLY TIME FRAME !! NOT EVEN SHOWING POSITIVE MOMENTUM ON MAC D HISTOGRAM YET. COULD BE A BIG ONE
FL_LONGIt may not be the good entry may drop to 28-20 zone but if you are looking for long period time investor great opportunity to get in.
FL dropped to FloridaNot looking good for foot locker.
Last prediction was spot on. Could bounce from here starting on Monday
but today is all bad.
FOOT LOCKER To BUYHello traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. FOOT LOCKER is shows a bullish signal.
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FL overbought into earningsThis seems like history repeating itself for the foot mover.
Expect a fall to $26-$25 zone tomorrow morning. They've closed a lot of stores and shoes aren't fully essential until summer is in full effect.
What do you think? Should it beat expectations with online retail, or will the closing of many locations world wide hurt it more?
Foot Locker Inc (FL - US) - ABC wave patternFoot Locker Inc (FL - US) is in ABC zigzag correction from the major top as shown in chart. It is major under-performer than SPX in Daily time frame. It is currently moving down in 5th wave C wave. It should be the last sequence down as in ABC cycle.
