RH trade ideas
Rectangle Earnings Today AMCRH appears to be trading in a wide rectangle. This pattern is neutral until a trendline is broken and a confirmed trend is underway in the direction. RH has pierced the upper trendline but a throwback occurred,
Negative volume is high.
Price is sitting on the bottom trendline which is support unless broken. Support and resistance levels were made to be broken, but they are nice to have around (o: The longer a support or resistance level holds, the stronger it can become.
RH seems to stay in the Bollinger bands with a standard deviation of 2 and a SMA of 20. Price fell below the lower band, which can show heavy selling pressure. Price eventually returns to the bands, and the candle body is already back inside. The candle tail/shadow is still below the band, and actually touched the support line of the rectangle, as if it were testing the water there (o:
No recommendation.
RH - Bullish on this sectorRestoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace. Fundamentals - Sales of new U.S. single-family homes increased in July after three straight monthly declines. Median house prices surged 18% to $390K from a year ago. People are still renovating homes in this low rate environment and people working from home.
Technicals - Weekly chart is showing a flag pattern. Options for 9/10 and 9/17 are pretty even , the put call ratio is 1.
If you have any chart requests, hit me up! Cheers!
RHRestoration Hardware
Coming off earnings
Higher highs, higher lows
Price action from August 11th highs are bouncing from the August 19th lows
PT -> $720, 10 days, Sept 3rd
Low Volume
Rsi -> breaking above the 50 line
Green hammer on the daily
Long $RH IdeaRH's (RH) stronger-than-expected fiscal Q1 results featuring "beats across the board and demand at record levels" signal more gains in 2021 and beyond "on a slew of initiatives to drive growth," BofA Securities said in a research note.
Following a strong earnings, RH has consolidated for a few months accumulating institutional buying.
If RH closes above 723 on the weekly timeframe, this will confirm a breakout.
With lumber and housing market coming back to more normal levels; new housing projects lead to furbishing with upscale furniture which RH provides.
This trade is for traders looking to take a bullish position. December 800c are a go after confirmation.
Best of Luck!
Daniel Betancourt
OptionsSwing Analyst
$RH 3 Months Cup with Handle Setup$RH continues to build its base at ATHs after that earning gap up. The base is now a 3+months cup with handle pattern. Keep an eye on this as it is doing all the right things building that base so far.
RH up?RH is expanding into Europe, and we’re positive on that move. Historically, when U.S. retailers go international, things get tricky. Usually, they’re selling other companies’ products, but RH sells its own. Demand for the product is every bit as strong in Europe as in the U.S
The stock trades for about 30 times next fiscal year’s earnings, and we see the company growing earnings in the midteens for the next several years. We believe the stock price will compound in line with earnings growth. Return on equity is above 40%
RH Earnings "Down hard"That's what came into my mind via intuition when I asked. I followed it up with my dowsing and got the "waterfall" option. Think RH revisits the 400s.
Bull FlagMust have been a great earnings report!
Just makes me wish I had bought it yesterday! I had the chart already done but did not buy it and I knew the flag was there. Oh well. Bull Flags do not always break to the upside but this one sure did!
No recommendation.
It was a lot harder to buy yesterday. Now it seems like a no brainer. Too bad I am not telepathic! Or a member of congress..lol
$RH $680 Earnings Gap Fill Price Target
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RH: Or HR? Going up at higher speed and down at faster speed.Technically this looks to go down and it can accelerate post earning this week. If you like my posts fell free to leave some comments/feedback.
Also check my profile for more info.
gl.
RH earnings up and awayThis is based on my dowsing method and is for my own journaling purposes. I don't follow RH, however, I am a fan and bought stuff from them this past quarter. I'm sure that will help them go higher ;)
I get a good move up 12% or so, however, indications are it makes a peak on a daily. So may not keep going, and I'm sure the indexes will go back down, so that'll be hard to shake.
Is the pandemic home boom over and about to roll over?Is the pandemic home boom over and about to roll over?
Is the pandemic home boom over and about to roll over?Is the pandemic home boom over and about to roll over?
$RH here we go...Need a pull back, looks like it was just waiting for the market. No guarantees that it keeps going, but has alot of room to drop if they let it...
$RH every now and then I short this...If you give it time, usually you will get a good enough drop...May 7th $650 for $1.40, if it pulls back could double easy. Not very liquid, got to be willing to lose it all...
RH: Cycle completion after earnings rally?quicklook: High probability that RH has come to the conclusion of its year-long rally. Long-term outlook on the left, short-term on the right.
Since this idea covers weeks-months, won't go too in-depth but will try to post weekly updates
Entered short position. on the pop to 575. Let's see how this goes
$RH with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $RH after a Positive Under reaction following its earnings release placing the stock in drift A
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RH: Ascending Triangle, awaiting confirmation (44%)Ascending Triangle, awaiting confirmation (44%)
Pros:
Descending volume during formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
R/R ratio above 9
RS above 0
200MA ascending
250RSI above 50 and ascending
ATR ascending
Cons: RS Flat
Target:
PT = 751.60$
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This is not financial advice.
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RH: About to smak hard if you're shorting this.Be a good trader by reading and analyzing names on technical basis. There are plenty of "gurus" out there and will give you all kinda suggestions. Stand up for your finances and empower yourself.
Prices marked and gl.
