$LW eight week base getting tight$LW eight week base after run up on earnings beat. Riding the 20-Day, getting fairly tight with a decent close today considering market conditions.
LW trade ideas
Lamb Weston (LW) on watch for breakoutIf you are a fractalist, you will express alarm at the current pattern. Looks a lot like 3/2020. But that was COVID, we don't have COVID today (not to say we won't have a new Black Swan, but who can predict?). Here's what I like about this chart: it is showing a high and tight flag, which has broken the old pre-covid high of 3/2020. High and tight flags are beautiful, because a breakout leaves nothing but buyers above.
I am putting this on watch, and a break above 100.22 and hold, and we could be looking at a high and tight flag breakout. Lamb Weston makes frozen taters, and I love taters!
LW, LONG Hybrid signalTaking a hybrid signal we have pulled back to the same range as thurs jan 5th where we had an earnings based gap up wedge pop , I am calling this a hybrid signal because we have not bought the day of the wedge pop but rather waited for a subsequent area of interest were we may be oversold . I may be making a mistake in the sense that this is not back tested but that being said I am going to track these setups and label them as hybrids WP's on a separate compilations and I took a normal size here but I think I will take a smaller size for any future hybrid signals , at least until I have a generous amount of trades to look at standard Wedge pops vs this hybrid delayed signal .
Here's what I am going to follow as a hybrid entry rules .
Price needs to within the daily range of the original WP which was not entered
Price needs to be set to close higher than prior day in the last 30 min of day
The trade should not be forced
The stock must meet my TT's list requirement ( 2/2 gap open , great RS , tightness apparent in characteristic of moves )
The goal of the hybrid setup is to essentially have the opportunity to enter something that was missed perhaps due to an RTM status of the market , I am going to label all my Hybrid entries on the title to help me analyze results .
$LW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LW after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Rising Wedge in an uptrend for Lamb WestonThis is very subjective, and I am not good with these analyses...
It seems like a Rising Wedge in an uptrend has established (though some might see a Cup and Handle).
Also there is a strong bearish pinbar candle, that has shown the sellers are winning.
The momentum is looking weak and we could very well expect a reversal from here.
I would only short though if the price breaks below the pattern.
$LW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LW after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
$LW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LW after a Negative Under reaction following its earnings release placing the stock in drift D
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LW🌦
➡️Pattern recognized:
Running flat
➡️Hypothesis:
Bullish
➡️Inter-market analysis: XLP 👇
➡️Conclusion:
I think we should expect a minor pullback during earnings as indicated by the chart.
***This does not constitute financial advice.***
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LAMB WESTON HLDGS Chart Hey traders, LAMB WESTON HLDGS is in a bullish push with a high volume of executed purchases and a rebound of buyers on the VWAP which catapults this stock. On the TIMEFRAME M1 we observed the same candle take off from the VWAP with an explosion of volume in purchase at the end of the session. It is in full test of the high potential breakout comfort zone the price with the zone to go on the one above and land on the next top (See TIMEFRAME H1).
first point higher before breakout of the second comfort zone and a new attempt on the high which follows to end up testing the top of the bullish channel.
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Model Buy Signal: 76.19 Stop: 68We are looking for the wave continuation toward November highs. Could be helped by any good news on reopenings although the Model doesn't care about the reopening debates because no one knows how this will play out. Just playing the odd
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
LAMB WESTO NHLDGS daily analysisHi friends
the daily chart shows that it will experience a downward trend in the next few days with a very high probability but at the same time it is better to be vigilant of the change from the direction to the opposite
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$LW #breakout on weekly #chart$LW has bottomed around MAY-JUN'19 and since it has traded upwards forming an ascending triangle, with resistance line around 83.86
Last week has broken AND CLOSE above that level on the back of better than expected earnings
All this would have been great if the MACD and RSI were not that high into overbought area
Ideally look for a retrace and possible retest of the former resistance area in order to participate
Measured target of the breakout move is around 108.89
Good luck,
TA
LW EarningsVirus or not, people still need to eat and with all the hoarding going on, food manufacturers have no issues selling their products.
Not to mention everyone's looking for a job and fuel and transportation are cheap right now.
Taking a stab at some calls for earnings BMO tomorrow.
LW EarningsGood company but overpriced, similar to Costco. High PE ratio, low dividend yield. Doing a small earnings play here with out of the money puts, expect it to close the gap.
Please mind these gaps as well...I see LW in a bear flag, which will likely lead into the gaps down below
$LW Trade GuidanceShort Zone: 72.50-75.75
1st Target Level: 68.00-69.00
2nd Target Level: 66.00-67.00
Technical Guidance
Resistance Trend Line at 75.75
Support Trend Line at 65.10
