Fundamentals
The market is obviously overbought (still expecting a pullback), which could potentially give space to the stock to consolidate and form a cup-and-handle formation
Fundamentally, the company is sound - it has seen a decrease in demand, reflected in the decrease of revenue. However, efficiency gains meant that profit has gone up regardless,...
Inverse HS at the uptrend line. Nothing above, no resistance, just let it rip. SL under trendline but must be broken by a weekly candle. Maybe 150 would be a good TP or partial TP.
Electronics manufacturing company Jabil has trended higher for the last three years. Now, after a period of consolidation, some traders may expect further upside.
The first pattern on today’s chart is the trendline along the highs of December and January. Prices moved above this resistance last week and have remained there since. They also held the January 30...
From mid July till now, SPX and NQ had been undergoing corrections resulting in lower highs (LH) and lower lows (LL). Although there is a chance the correction in SPX could be over, we can never be sure until it manages a higher high (HH) at least.
JBL on the other hand, has demonstrated good relative strength to the market, eking out higher highs (HH) and higher...
Here we are looking at JBL on daily TF...
As you can see, this is a comparison idea of the current up trend to that of the uptrend before this one. In the previous uptrend, JBL climbed 50%+ in its measured move, and what followed it was a steep correction.
Currently, JBL has climbed about 40% in its recent uptrend, and has had 6 consecutive green days. This...
If you haven`t bought JBL here:
Then analyzing the options chain and the chart patterns of JBL Jabil prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at...
Analyzing the options chain of JBL Jabil prior to the earnings report this week,
I would consider purchasing the 95usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $3.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Solid earnings beats, ROE 31.26, broke out of cloud and prior swing high. Good price to sales, cash flow, and debt metrics. I will consider an entry at: pivot on weekly (74.71), prior swing high (73.79), RSI(9) on daily LE 31, or RSI(12) on weekly LE 50.
Early Happy New Year 2023 ...
Using the slow "down" time to "sharpen the saw" and prep for a strong recovery sometime in 2023
here are some of my top candidates for the 2023 watchlist to keep an eye on.
what's common between these names? can you spot the similarities / theme between them?
* The blue line is the SMA200 - and all 4 have already recovered above...
Monthly timeframe displaying bull and bear cycles
This current bull cycle could lead to fast extended gains if the assumption that the small price range has a bullish "squeezing" effect on price.
A head and shoulders pattern is within this small range
JBL with pivotal news point.
JBL reported second-quarter fiscal 2022 earnings of $1.68 per share, which beat the Zacks Consensus Estimate by 15.1% and grew 32.3% year over year.
Thanks to strong secular tailwinds and momentum in many end markets, the company raised outlook for fiscal 2022. It now expects revenues of approximately $32.6 billion and core EPS of...
You can use the below strategies:
1) Breakout trades at ATHs
One can plan a long trade if the price shows a decisive breakout or above ATH . In this case, you should be quick enough to cut your positions if the price shows reversal signs. Very often, price reverses (or shows some serious selling) near ATH .
2) Pullback strategy after breakouts at ATHs.
One can...
JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade...
