A price action above 43.00 supports a bullish trend direction.
This level also overlaps with its confluence of 200-day and 200-week simple moving averages. The 50% Fibonacci retracement level also supports upside potential.
Further bullish confirmation for a break above 45.00.
The target price is set at 46.00.
The stop-loss price is set at 42.00.
Remains a risky trade.
This is just another chart I'm watching. It looks bullish, but I want confirmation. Looking for a weekly hold or two at these levels before I jump in. The macro economic conditions are not good for stocks, but i do love me some soup
Consumer staples have been hit hard recently and I can't imagine this one continuing to go lower. Sure, health is all the craze but when times are tough consumers go for the cheap stuff. Plus, eating healthy sucks. Jump on this dividend beheamoth before it's too late.
Play:
Buying the $1.25, 1/12/2024 call - SP = $41
Also, sell the .60 CSP and collect...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 38.1/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
An idea showing a w pattern and higher lows on the side.
The upper trend line being the target is the point where W pattern completes itself
I have shown this with bars pattern.
The PEAD projected a bullish outlook for $CPB after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
G/G swing trade with RAF at Extremes.
Propulsion dots and prices touched the Vscore = 2. Darvas 3.0 Arrow.
Support at the post earnings prices level.
2nd entry will be below RAF extreme and need a Minor low entry.
Watch tomorrow for 2nd chance entry @ 21 propulsion. Should have been in today at the 21ema/Propulsion.
The PEAD projected a Bullish outlook for $CPB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
This is an add-on to my last campbell long chart because I didn't give enough info. I am not long here. I won't go long here. Because of the macro conditions, I think there may be another buying opportunity lower. If I miss the run from here, no sweat. I'm not riskin' nothing.
Let's take a look at the Campbell Soup monthly line chart. No need to get bogged down...
A price action above 48.00 supports a bullish trend direction.
Crossing below this level will negate the bullish trend.
Consolidation price range from 48.00 to 49.00.
Crossing above 49.00 might support the price action to target 51.00.
Remains above its 200-day simple moving average.
The PEAD projected a Bearish outlook for $CPB after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
3D chart for CPB, currently price is climbing out of 2.618 fib level which has previously been seen as a resistance area
Once price climbs out of this fully, a break out should occur and lead price to the next fib level of 3.618
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $50.12
Target Price: $51.05
Stop Loss: $49.16
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $50.62 / $50.27
Target Price: $51.25 / $50.78
Stop Loss: $49.54
