Sysco is coiling. Will break to either direction. Im leaning towards the $83.50 zone. However if it were to drop, I can see it going to $76. Not financial advice. Good luck
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Nice 30min cup and handle forming with food pricing increase. Love when technicals align with fundamentals... +EV bet
Sysco Corp. (SYY) presently testing long-term support, able to absorb monthly selling pressures. From here (SYY) can turn higher to channel resistance, eliciting gains of 10% - 15% over the following 2 - 3 months, and gains of 20% over the following 5 - 6 months. Inversely, a settlement below long-term support would elicit a sell signal where loss of 20% would...
Nice bullish divergence on weekly, on in fact all indicators I tend to use: EFI, MACD-H, MACD lines, ATR channel divergence, EFI ATR channel divergence Buy trigger bar, after latest red bar, price went down after open and then close way above, which is a bullish trigger R/R: TP1: 1:2. (1 ATR) TP2: 1:3,2 (2 ATR) E: 72.76 SL: 69.71 TP1: 78.87 TP2:...
The PEAD projected a bullish outlook for $SYY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
The PEAD projected a Bearish outlook for $SYY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Anything under this price looks like a good entry to buy and hold. Sysco is the main supplier and distributor to restraunts in Canada and is looking to keep expanding.
If you like this idea, please don’t forget to Boost it. Fundamental Indicators: Sector – Consumer Defensive US Business Cycle Stage – late cycle, when this sector is favourable Revenue – not a consistent growth, 2020 and 2021 broken the uptrend, however 2022 TTM is considerably higher than the previous year Profits – same as revenue Net margin –...
The PEAD projected a Bullish outlook for $SYY after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
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Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $SYY exceeds today's high of $86.36 during tomorrow's session.
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: $84.78 Target Price: $85.95 Stop Loss: $82.81
SYY may continue to range in the coming days, then continue its bullish trend.
Certainly appears so, according to my crayon drawing... but in this market? I did not take the trade, not quite enough volume for me when my omnipresent device chirped for my attention... (Which means it has a greater likelihood of being a big winner because stocks I buy only go down and so on). Anyways. I don't like that declining volume on the Weekly. Today,...
Pre earnings run WAE is looking good Vortex looking good Rsi looking good 2-3 day hold