BJ trade ideas
$BJ Bounced off VWAP and Closed Above the 50 SMA. Bull Run!!!Strong channel breakout + above 50 day moving average is a great sign. Congrats to the Bulls who timed it perfectly. If the 50 SMA holds, this could run higher.
The RSI is just above 60 and earnings announced Feb 18th (per Earnings Whispers). My profit targets are marked on the chart (dashed lines)
BJs UptrendI see an uptrend. What do you all see? It will pull back to $36-33 but cant break below that.
Undervalued Costco competitor at strong supportBJ is Costco’s direct competitor and it’s highly undervalued. Just visiting any Costco confirms the success of the model from an outsiders POV. From a fundamental position, it’s debt to equity has been shrinking over the past several years and cash flow rising. Technically, it’s had a long run down looking at a daily candlestick chart and it’s hit a support line at around $38 where it wants to reverse at least until around $41 for a head and shoulders pattern.
BJ's I shop here :)
This isn't financial advice, but rather just a way for me to track my performance as I learn
BJ at bottom of channel and VERY oversold on 1 hr RSIBUY BUY BUY. BJs at bottom of channel, oversold and expect killer earnings from this growing COSTCO competitor.
Look out Costco!I think BJ$ is a huge grower in this category where Costco has all 50 states and has not much growth in store i feel BJ$ is a great Long term hold Big BOX is the one thing Amazon Cant compete with Family Luv them and they are transiting nicely to online sales same day delivery also . I like the Technicals of this consolidation is nice above the MA and BB Bands Squeezing looking for a break of them and move upward.. but im LONG term holder on this...
Testing the resistance$BJ still testing the support. RSI and MA5 are moving up. There is still some selling power on that.
Watching
How To Trade Extended Stocks? TJX & BJ 05/21 Case Study!Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...).
Takeaways from the video:
1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here.
2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria.
Hope this helps you next time you see a nice gapper and possibly saves you some frustration!
Tom | FINEIGHT
$BJ long swing ideaAlready long 50 shares @ $24.37 with $22.37 stop loss. However, looking to add over $26. My stop loss will then be $24.50 and my target $28
BJS WHSL CLUB HLDGS INC | Supply and Demand zones | Long setup
Note: Stock trading requires a personalized trading strategy
*A method that specifies the type and amount of patience
*Entry and exit points
*Your customized psychology plan
*Risk management program based on your personality
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Trading Rules:
DO NOT TRADE EVERY DAY OF EVERY YEAR:
Especially as a new trader you are eager to be active in the market. You are looking for trades all of the time.
Remember that you don’t need to trade every day. And that it is even better not to trade a lot of times.
You need to learn not to force trades. Only pick the trades that you have the best odds to make money.
All the other trades will cost you a lot of time to prepare and a lot of stress when you’re in them. And they will never be the trades that will make you the big money.
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Hope this is helpful, Thank you for your support, have a great day
Momentum Surge - BJ1. Not up three days in a row
2. Linear move up prior to consolidation
3. Young Trend
4. No breakouts or breakdowns during consolidation phase
5. Clean and low volatility consolidation
***see roboticinvesting.com for more details on Momentum Surge
BJ long I think its a Parallel trend following bull chart.
Buy Zone- $28.06 to $27.50
Sl- any daily close below $26.85 ( or you can wait next day for my confirmation)
1st Target- $32.98
2nd Target- $37.03
