Key points; 1) ROST should no longer be considered uptrending after breaking its primary trend support. 2) A new downtrending channel has emerged after the break of its primary uptrending support line. 3) Price has already rejected the upper bollinger band and has continued to validate the downtrending resistance line of the downtrending channel 4) MACD has begun...
Shorting a pullback flag to the 20 DMA. Low risk trade. Lower pullback buying volume possibly indicating a relief bounce.
On watch. Not ready yet but would like to see the 20 DMA push this through for a flush.
Nice retest gap. I will come back and look at this for a swing. Double bottom on the daily.
I see the beginning of the third wave.
didnt reverse, Looking to short if cant make new high
ROST could offer a good near-term buy on Fridays' gap up on higher volume. The bar was very bullish - adding to the momentum to the upside - and easily cleared the 2013 pivot high. For longer-term traders, however, the large gap up could easily be filled - so we would want to see some sort of pullback or retest of the 2013 high before considering this a buy...
ROST - Expecting open around 88 Retest gap so wait 30 min and look for bullish bounce off of 10 or 20 ema on a 5 min chart. Hoping for stock to perform like Aug 19 and Aug 22
Ross Stores - recently broke out of a downtrend channel and a retest to break back down was unsuccessful. It seems that price is in this steep uptrend channel and checking to see that the blue region can provide strong support for final push to challenge 81.78 by then. Looking forward to a bearish divergence