I never had time this weekend to meditate and fish through time and space for a ticker, so while lying in bed I had the thought I should try to get something. Pretty immediately I "heard", "Ross dress for less." I'm assuming it's the stock and not a recommendation to shop cuz I actually hate my local store and refuse to go.
It seems like when these pop in super...
NASDAQ:ROST Breaks Double Top Now What? Waiting for a pull back to (alert added) 122.70 and will take a small long position, a close below that price and I stop out on a weekly basis. Only way to manage a trade is to be in a trade.
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61)
Short term bias has turned negative.
We are trading at overbought extremes.
We have a Gap open at 18/11/2022 from 97.93 to 114.80.
Previous support at 113 now becomes resistance.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be...
NASDAQ:ROST had formed a symmetrical triangle chart pattern. Waiting for a breakout.
This might be a great oppotunity to take trade.
If it takes breakout in upward direction then take long position.
first target $112.56
second target $116.58
If it take breakout in downward direction then take short position.
first target $97.97
second target $94.19
And...
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61)
Short term bias has turned negative.
We are trading at overbought extremes.
We have a Gap open at 18/11/2022 from 97.93 to 114.80.
Previous support at 113 now becomes resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 98.51 and 96.51
Resistance: 107.50 /...
Ross Stores - 30d expiry - We look to Sell at 112.85 (stop at 118.61)
Short term bias has turned negative.
We are trading at overbought extremes.
We have a Gap open at 18/11/2022 from 97.93 to 114.80.
Previous support at 113 now becomes resistance.
50 1 day EMA is at 112.96.
Preferred trade is to sell into rallies.
Our profit targets will be 98.51 and...
Ross stores is still in business? Ross is overbought and overextended $123 should be close the top of this leg before correcting and likely filling the gap back to $100 in coming weeks. If currently short I would suggest to ADD at $118, $120, $122
The PEAD projected a Bullish outlook for $ROST after a Positive over reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
The PEAD projected a Neutral outlook for $ROST after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
ROST is in a stage 4 downtrend with an extended climb since earnings report drop.
Looks like a good possible short for Friday considering the extended climb on Thu with a 5 USD void.
Im not usually into fundementals but I dont see how this stock is trading at anything over $40. I only see 20 stores on their website and theyre all located either within or in close proximity to Pennsylvania. Sure online ordering exists but there are so many other stores to choose from.
On watch for now
Each time ROST has seen price hit this level on indicator a prompt rejection back upward has been seen
If the past is any indicator, this pattern will likely repeat
Long Entry
Ross Stores
Short Term - We look to Buy at 62.32 (stop at 53.59)
This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher...
