Bollinger bands are not prediction machines. They are more like the gutters at the bowling alley. They are math based and rear view mirrors of what has happened in the past. They are customizable to your settings.
I like to use them as a quick reference to tell me what is normal price action in the past. I would never use them alone.
Combing valuation of the...
Looking at LEN and TJX for Bull Call Spreads. LEN 1/27/23 96/101 and TJX 1/27/23 83/88. Both have been coming up strong on my Buy List how\ever there is not much liquidity available so I will work a limit order hard to get the price I am looking for.
TJX ended the day with a shooting star on the daily in confluence with a rising wedge pattern.
Bias-short
I plan to short TJX after a break below the head of the shooting star and the 1H trendline (for a safe entry). I will more than likely enter a small swing position to catch the move.
Short float % is 0.95% as of 15 November 2022. Please be mindful that...
The PEAD projected a Bullish outlook for $TJX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 42.86%.
A nice upward channel has been provided on TJX
Within this upward channel three points for the inverted H&S can be identified, this is a continuation pattern within the channel
Buy the right shoulder along the bottom channel band
The PEAD projected a Bullish outlook for $TJX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
