So far a great gap down If this gaps below 66.76 this is a close your eyes and buy the open trade. I see support at around $64 level.
0LCE trade ideas
Reversal and going up! Hey guys!
I am buying this trade. As you can see form the chart that it it is a reversal heads/shoulders at the end of an impulse wave. Interestingly it is also the end of the C wave. It also makes a divergence at the bottom.
I say this is a good buy. I am buying at the current market price for today.
Entry: $70.40
S/L: $66.50
PT: $79.00
IMPORTANT BOTTOMING AREATHIS IS ONE RETAILER THAT WHILE DOWN HASN'T BROKEN TO MAJOR NEW LOWS. THE AREA AROUND
73 HAS PROVEN MEANINGFUL SUPPORT. ON THE FUNDAMENTAL SIDE, THIS IS WHERE PEOPLE GO WHEN
THEY DON'T WANT TO PAY UP AT $M OR $JWN.
I FAVOR THE 7/75 CALLS NOW TRADING @ $.85...OZ
TJX - short from 77.50 TJX forming a bear flag, it has a sharp drop & now consolidating. Money-flow has neg-divergence & going down in the negative side. It also has insider selling.
We think it will decline from here & can drop as low as 73
You can check our detailed analysis on TJX in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 3:10"
Trade Status: pending
Will Price Hold Long Term Horizontal Support?If u don't like this number n you think the market will head south and retest August low $54 is your next dream entry but if you want to take advantage from these ugly selloff now seems a good entry.
After BO and fail found support to start Mayinto earnings Measured Move higher looks to 69.10. June 67.5 Calls active
MPEL Day Trade Retest Gap (Brad Reed Feb25,2015)MPEL expected to open at 24.03 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com
TJX - double bottom forming in long term uptrendDouble Bottom
Status: Closed Long
Horizontal S&R: monthly
Channel S&R: yes
MA S&R: no
Stochastic turn/crossover above 80%: no
AO divergence >0= 85: yes
Price Fib Ext >1.382: yes
Next Earnings date: 8/19/14
Increasing EPS: no - missed
Increasing Rev: no - missed
www.estimize.com
*stop 1 atr below swing low.
** first price target is 50% the move from entry price to previous high.
***No Biotech
Any feedback is welcomed! Thx
Cost basis: 53.35
Stop:
First price target:
Potential Bullish Bat Pattern on TJXBullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently.
There also seems to be a rough bat pattern behind this pattern that started with the October 8th lows - with rejection candles that probed previous highs of that 'XA' leg ; however, the 'D' point of that pattern, (or the 'X' point of this pattern) never officially touched the .886 retracement level - but is still worth noting in my opinion.
Entry: 56.63
Stop Loss: 55.72
Profit Target: 58.45
Risk/Reward: 1:2
