$RH Trading in a descending channel$RH bouncing off support, possibly putting in an inverse head and shoulder, needs to breakout if it wants to flex its muscle to run higher.
RH trade ideas
High RR - High Momo7/Jan/2020 07:02 PM AUTHOR: Brandon Gum
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2 targets different with 2 different stop losses.
I think retest and brief failure at 0.618 retrace is possible. Ultimately could test highs again.
Careful of choppy sideways action if momo is not immediate.
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Restoration Hardware Potentially Bearish Short Term$RH looks to retest $205-207 and potentially $200 back to the red trendline.
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Alex Vieira Upgrades RH to Strong-Buy $86 Using Tesla Algorithm RH was upgraded to Strong-Buy at the same time that Tesla was upgraded to Strong Buy $179 making it available in real-time to investors worldwide interested in algorithm trading
RH needs a PullbackLooks like a risky hold into earnings , after climbing over 100% since the summer.
The RSI is showing bearish divergences and volume coming into earnings is dwindling.
Momentum has been exceptional and a certain amount of FOMO has helped on the news Mr Buffet was building a position.
Its seems a little unfair that the masses have just made him millions by bolstering his trade.
$RH 12-1 AnalysisAnother name with Earnings on Wednesday. sitting right now at the 1.5 extension and most likely will stay between 200-208 or so until earnings. Very strong moving stock on Earnings so can be bloody if numbers aren't met, especially here at ATHs. EPS expected to be up 28%. Expecting a drop or sidways movement here. Best option would be Call Credit Spreads January EXP. look to target 184 or so with a continual move down to 165 range after if numbers very bad. Give it time to play out and reset weekly RSI on way down.
RH confirming this weekIf this is in fact will play out. Overbought on RSI and on MFI. MACD weakening. Increase in selling pressure EOD to bring RH down from closing at ATH.
Could pop Monday and or Tuesday to new ATH before dropping.
Pop is from news of Buffett buying into RH.
Better view on 1 and 2 hr. But DYOR.
looks like this coulda possibly been a cup and handle with a gap since it has minimum 7 sessions with low trading volume. If this drops we'll prob see like 200 (small wedge + coming out of a bullish cup and handle)
RH The Oracle Knows more than we do. Bullish.Entry level $193.00 = Target price $212.00 = Stop loss $190.00
RH - Did you Listen to the Earnings Call??Wow what an amazing earnings call! I encourage everyone to do their own research including listening to earnings calls. This was a massive beat and raise full year guidance and a ton of optimism for international expansion. My targets are on the chart, but technically speaking, this stock could double its current price especially with YOY sales growth and a massive 42% margin on products. If the weekly candle closes above its previous all time high, I might be adding positions. More to come!
Be sure to drop a like and follow for more ideas and updates!
RH Break DownBroken out of ascending wedge. MACD turning over, RSI still high with divergence, MFI dropping. Targeting support at 174.
RH Possibly Continuing Uptrend to Higher LevelsRestoration Hardware closed positive on Friday after Trump's trade meeting with China. RH received about 41% of its products from China during the last Fiscal year, so any tariffs on products would significantly effect the value of the stock.
With that said, with the positive news coming about a trade deal, RH looks ready to continue its uptrend movement. On a daily chart, the MACD shows that RH is about to cross in a bullish movement; but with a RSI value of 70, this indicator is showing that RH is overbought.
My plays..
Place Stop Limit buys @182.33 | This Buy is set above RH's ATH, allowing the stock to confirm an upward trend before entering the trade.
Profit zone: $188 +
Use a Trailing Stop loss to Lock in profits.
CAUTION: Because RH is so dependent on China, any new news about the trade war can break the trend and send it back into lower levels.
Long RHBuying a strong trending stock - it is likely to break out from the trading range to the upside
RH breaking out but earnings may be a roadblock.Expectations are high for RH into earnings so there is a danger of a selloff on any negatives, analysts are bullish and the stock has staged a great recovery since the previous report. Despite this the stock still has a very large short interest of 32%, who will be eager to beat this back down.
RH operates as a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites. The company was founded by Stephen J. Gordon in 1980 and is headquartered in Corte Madera, CA.
