A price action above 46.00 supports a bullish trend direction.
Further bullish confirmation for a break above 48.00.
The target price is set at 50.00 and 54.00 (its 78.6% Fibonacci retracement level).
The stop-loss price is set at 43.00 (its 200-week simple moving average).
Building on its 200-week simple moving average, which might support the upside price potential.
Channel Formation: The stock has been trading within a declining channel, characterised by lower highs and lower lows. This can typically indicate a bearish trend, but it's essential to note any potential breakout or breakdown from this channel.
Fibonacci Retracements: The stock's price seems to be interacting with the 23.6% retracement level, which can serve as a...
tricky, and not yet confirmed. Stock at the edge of a potential bull head and shoulders knees and toes. If we break above the breakline and go above the mid point of our channel at $45 things can go nicely to $60ish.
Fueling the jetpack yieaaahhh.
Analyzing the options chain and the chart patterns of BBWI Bath & Body Works prior to the earnings report this week,
I would consider purchasing the 38.5usd strike price Calls with
an expiration date of 2023-8-25,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Strategy Overview: The Frequency Formula
Our trading strategy, "The Frequency Formula," is built on cutting-edge Fourier Wave Transform theory. The strategy utilizes four unique indicators: the Frequency Formula Chop Indicator (FF-CI), Frequency Formula Trend Indicator (FF-TI), the Frequency Formula Volume Indicator with Combined Ratios (FFVI-CR), and the...
Bath & Body Works rallied after strong quarterly results and now it’s pulled back.
The first pattern on today’s chart is the high-volume bullish gap on May 18 after earnings, revenue and guidance surprised to the upside. The retailer pulled back a week after the event, followed by a sharp rally. It peaked around $43 before revisiting $39.
The current location...
Stock is trending downwards overall. Looks like it tried to test $43, but failed.
No significant improvements over the last quarter
99.99% of float held by institutions
Company's financials are struggling compared to the previous quarter.
PT: $30-$35 by mid July or early August
Simplicity is my friend. Huger bear flag that is about to break offering us
a great risk-reward. Not much more to say about that.
BTW This trade was founded by one of my followers. ;)
BBWI has rose up a bit but i think it will continue completing this current structure.
This is the hourly chart.
Bars pattern in green shows my thoughts on the next upward move.
SPY - as I mentioned the prior day, the selling did not stop. SPY rejected the 400.30 level twice yesterday and ended the day with the final flush down to 397. Gapping up this morning on light vol, if we can hold the 400.30 level , we could see a grind higher to 402, and maybe 404. Expect multi rejects off those levels as we haven't made a significant short-term...
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: $53.67
Target Price: $54.70
Stop Loss: $51.95
