Looking at higher time frame, we can see that the lows were taken out, liquidity collected, and buyers jumping in. If the buyers keep the momentum going, we should see price hitting $7 area. Buying ourselves some time for option expiry is not a bad idea.
LESL trying to find a bottom while diverging on the daily rsi at shark pcz, notice how it is locally trying to make higher highs and higher lows exactly where you can size up this asset and makes since to manage your risk
Leslie's is a retail company who has recently been abused with an overload of puts and insider selling.
Insiders have sold an estimated $425840216 of shares with some key individuals such as the CEO selling 20% and 24% of his shares. Common theme is most insiders sold 20-24% of there holdings.
There as been decreases in calls and major increases in put options....
$LESL Was brought to my attention on investors.com. It was featured as stock of the day on May 2 and is expected to far well post pandemic due to the large number of pools built during the lock-downs. Leslie Pools have been in business for over 50 years and have a solid track record. Since this was not on my radar I missed what I like to use as an early entry...
I see a pretty good looking cup with handle pattern for LESL. This isn't a William O'Neil IBD perfectly drawn chart, but not all cup/handles have to follow the rules exactly. Volume dropped off during the handle. Touch to the 50dma on 5/12. Moving averages are now in an uptrend. RSI, MACD and STOCH all trending up as well. Today's price broke through the 20dma and...
Go long LESL. Play on pools and increased home-ownership/pool installations over the pandemic. The upward channel has remained intact despite the market-wide correction. Could be a good trade for the summer and possibly beyond depending on how the company performs and the quality of the earnings/growth reported since it did just recently start trading publicly....
IPO intraday trading strategy idea
Leslie's is the largest and most trusted direct-to-consumer brand in the U.S. pool and spa care industry.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a...
