CWH- CAMPING WORLD HOLDINGS* I do not give financial advice ** DO YOUR OWN RESEARCH **
CWH support and resistance levels
CWH trade ideas
Returning to the Wild Green
Camping World has some ongoing lawsuits, but that will not stop people from returning to the stores to buy camping material. In particular with the millennial draw to freedom, RV sales will increase over the next few years.
Reverse Cup & Handle Pattern on Camping World See above. Could see $15.50 if this wedge breaks down (handle of the upside-down cup).
Exit position with NYSE:CWH close above $21.30.
PT1 - $18.10
PT2 - $16.00 - $15.50
Not quite finished puking yet. CWH has been diving for a while now. Weekly RSI is nearing oversold. I definitely would not long this stock right now. Atleast not yet. It's still slightly overpriced. I would try to pick it up for between $15 and $17. By this point, RSI on the weekly will be extremely oversold, and we can look for a nice weekly reversal candle bouncing off this supporting trend line. Also, there is a strong sell sentiment which is scary too. Put your buys in low and wait for the fill! Stop loss should be placed below the trend line, according to your level of pain tolerance. Best wishes mi amigos.
- Matt
Looks due for a bounce rsi/stoch cross 5/10ma about to cross MACD cross if close about 20ma should see upper BB and 50MA soon
CWH - End Of Year Write Covered CallThe covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.
Symbol: CWH
Current Price: 20.06
Num. shares: #100
Total cost: $2,006
Option: WRITE
Option: 21st Dec $35.00 Call
Price per options: $48
Contracts: #1 x 100
Total cost: $48
Entry cost: $48 (next credit/ in account now)
Maximum risk: $1958 at a price of $0.05 at expiry
Maximum return: $1542 at a price of $35 at expiry
Breakevens at expiry: $19.60
Note: Four Insiders Bought +73,000 shares on 05/24/2018 (Thursday) at $21.16
CWH There are seems to be some buying going on at this price point after bouncing at 39.96. Share prices need to hold at this price point before heading back up. Failure could see prices fall to around 39.43
A look at Fibonacci retracementIf price action drops down through .382 level have to look further down to old support/resistance levels ~28.00 0 26.75
CWH - Powerful indicators aligning... Volume needs to follow.Notes on chart. Need to keep eye on volume this week and move through breakout.
